Even as the Federal Reserve boldly declared only this week that the recession was coming to an end, its benchmark short-term interest rates remained low at 0% to 0.25%, further saying that rates "will stay low for a longer period of time."

It remains to be a dismal week for CD savers with CD rates resuming their descent towards even lower levels. Of the banks monitored daily by My Bank Tracker, the CD rate average for all CD terms went down, albeit by only a few basis points.