When it comes to no-risk fixed income, CDs, Treasuries and money market accounts are at the top of the list. High-yield CD rates across all maturities are still beating inflation and remain the highest yields available that come with a government-backed guarantee sticker.
The average yield for a three-month CD is 0.7 percent, with Excel National Bank and Nexity Bank taking top honors with 1.15 percent. Six-month CD yields top out at 1.4 percent, with an average of 1.03 percent. Lock your money up for one year and you can earn a top rate of 1.8 percent at State Bank of India or newdominionDirect.com, 36 basis points above the average yield of 1.44 percent. If you want to go out five years, the average yield is 2.9 percent, with a high of 3.25 percent.