Higher yields and an influx of money into individual retirement accounts continued to fuel growth in certificates of deposit during the first quarter.

The Federal Reserve reported last week that assets in small time deposits grew at an annualized rate of 30% during the period. Deposits of under $100,000 at commercial banks and thrifts rose from $820.5 billion at yearend 1994, to $882.1 billion at the end of March.

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