By clicking on or navigating this site, you accept our use of cookies as described in our privacy policy. If your CD has a step rate, the interest rate may be higher or lower than prevailing market rates. However, just as the yield curve between short-dated and long-dated Treasury bonds has flattened in recent months, so longer-dated CDs, at present, are also not yielding much more than shorter-dated CDs. Leave a Reply Cancel reply Your email address will not be published. Apply Now.