Pricing information and analysis firm Market Rates Insight reported Thursday the national averagerate for deposits is projected to remain flat in May, which would be thefirst time since May of 2007 that deposit rates have notdeclined. May's national average for overall deposit accountsis projected to remain flat at 0.41%, the same figure reported inApril.

The average rate for liquid accounts, such as checking, savingsand money market, is also projected to stay the same as last monthat 0.12%, and the average rate for certificate of deposits isfurther projected to remain the same as last month at 0.54%.

In the last five years, the national average rate for liquidaccounts dropped 67 basis points, from 0.79% in May of 2007 to0.12% in May of this year. The national average rate forcertificate of deposit dropped 356 basis points, from 4.07% in Mayof 2007 to 0.51% in May of this year. Rates of specialaccounts, which are temporary promotions, are also projected toremain mostly flat in May with only slight fluctuation of 1 or 2basis points.

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