Certificates of deposit inch higher

NEW YORK, Dec. 31 (UPI) -- Moneyrate.com of New York said Friday rates on short term certificates of deposit inched higher during the week ending Dec. 30.

Moneyfund.com said the rate on the 1 month certificate of deposit rose to 1.12 percent from 1.08 percent a week earlier while the rate on the 3 month CD inched up to 1.67 percent from 1.66 percent a week ago.

The group said the rate on the 6 month certificate of deposit rose to 1.95 percent from 1.94 percent a week earlier while the rate on the 9 month CD improved to 2.50 percent from 2.47 percent a week ago.

The rate on the 1-year CD remained at 2.51 percent.