There has been no such change of course for rates on CDs, savings accounts and money market accounts. These remained unchanged throughout last year, having hit bottom and then appearing dead in the water. As the recent downturn in mortgage rates suggests, the deteriorating economic news of late should only prolong the time deposit rates spend near zero.
In an economic story with so many twists and turns, improved growth may yet revive deposit rates later in the year. For now though, the only way consumers can earn higher rates is by active comparison shopping.