Slim Pickings: Yields on Bank CDs – Wall Street Journal – 04/29/15

Click to Enlargeslim-pickings-yields-on-bank-cdsSlim Pickings

Yields on bank certificates of deposit have fallen over the past decade. They now hover near zero.

At the end of 2006 the average yield on a one-year CD was 3.8% and the average yield on a five-year CD was 4.1%, according to Bankrate.com. Currently the national average annual percentage yield for a one-year CD is 0.27%; for a five-year CD it is 0.88%, according to Bankrate.com.

 

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