For example, the average five-year CD yield stood at 1.05% on August 9, according to Bankrate.com.
“If you’re a CD investor desperate for a decent yield, you’re probably not alone. CD rates have largely ceased to be a viable income investment these days thanks to record low yields,” wrote Claes Bell in a recent Bankrate article.
The average money market account yield was 0.12% on August 9.
iShares Barclays 1-3 Year Treasury Bond Fund
Full disclosure: Tom Lydon’s clients own SHY.