BankFiesta.com

After another abysmal month for bank CD rates, we tracked down a couple decent (decent being a relative term) rates offered on 12 month bank CDs. The national average for this particular product currently sits at a historically pathetic 1.26% APY - down from 1.30% APY at just the beginning of March. However, if you look hard enough you can still find FDIC or NCUA insured banking institutions offering above 1.70% APY on 1 year certificate of deposits.
For our readers in the west, Alaska USA Federal Credit Union’s CD rates are beating the national average by a pretty substantial margin. Their 12 month CD rate hovers around 1.75% APY with a minimum deposit of $500 required. Alaska USA Federal Credit Union is the 13th largest credit union in the country in terms of membership (roughly 350,000 members) and 17th largest in terms of assets (roughly $3.8 billion). They have branches throughout Alaska, the Puget Sound area of Washington State, and California’s Victor Valley.
For consumers whom don’t reside in those areas, Tennessee Commerce Bank’s CD rates are topping the chart for banking institutions whom can accept deposits from customers in every state. Their 12 month CD is currently providing an annual interest rate of 1.70% APY with a minimum deposit of $2,500 required.
If your local bank or credit union is offering higher rates on their 12 month CD’s, please share by leaving a comment!