CD Rates for June 09 - Forget about it (forgetaboutit)

Looking for a decent 3 month CD rate, or just any good high yield Certificate of Deposit Rate?  There are none.  The three-month average CD slid to 0.62% from 0.64% the previous week. That’s the lowest average since Bankrate.com began tracking 3-month CD rates in March 1989.  Mastery reviews this week's CD rates and the only hope is a quote from Donnie Brasco.

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Bankrate.com’s weekly survey of large banks and thrifts taken June 10 found the average annual yield for CD's at the following kick in the pants rates:

Three-month CD slid to 0.62% from 0.64% the previous week. That’s the lowest average since Bankrate began tracking 3-month CD rates in March 1989.

Six-month CD fell to 0.91% from 0.92% — a five-year low.

One-year CD dipped to 1.18% from 1.20% — the lowest it’s been since May 2004.

Two-year CD dipped to 1.46% from 1.47% — the lowest it’s been since August 2003.

Five-year CD held at 2.20% for the third straight week. That’s the lowest average since Bankrate began tracking 5-year CD rates in January 1984.

Hang in there Fellow Masters and happy Safe Investing. A scene from Donnie Brasco where Johnny Depp explains to Paul Giamatti what "forget about it" means.