Yields on short-term certificates of deposit took another mild decline for the week ended yesterday.
Investors might also want to split money between short-term certificates of deposit and money market accounts.
Bank yields on short-term certificates of deposit and money market accounts fell in the week ended yesterday.
Rate changes run in cycles as long as two and a half years; the present down cycle is in its 14th month, making short-term certificates the best buys.
Instead, the action remains among the short-term certificates of deposit.
The measure includes cash, savings and checking accounts, money market funds and short-term certificates of deposit.
The numbers are bound to get lower, especially on short-term certificates of deposits.
Some have decided to wait in money market accounts, some in short-term certificates of deposit and others in Treasury securities for extra safety.
Similarly, rates on large, short-term certificates of deposit dropped a quarter of a percentage point yesterday, to 7 percent.
Yields on short-term certificates of deposit continued the downtrend of the previous week.
