Best CD Rates

Best 12 month CD rates topping 1.75% APY

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.

Top Online Banks Ally, ING Direct and Discover Drop CD Rates Today

Today has seen a drop in CD rates from some of our top online banks.

Earn Up To 2.8% With The Best CD Rates

The best CD rates slipped lower this month, with returns on most of the top-paying certificates of deposit losing about a tenth-of-a-point since the end of January.

Although Hudson City Bank continues to offer 2.80% on its industry-leading 36-month certificate of deposit, you’ll earn less on the 3-, 6-, 12- and 24-month CDs that lead our [...]

Best 60 month CD rates topping 3.40% APY

While most financial analysts would be hesitant to recommend that anyone get into a 60 month CD (certificate of deposit) at this time, their rates have seemed to be wiggling higher as the shorter term rates continue their downward path. Some of the highest yielding 60 month CD rates provided by national institutions, which can accept deposits from anywhere in the country, are hitting the 3.40% APY mark. And some rates offered by smaller, geographically exclusive institutions (namely member-owned credit unions) are offering even more attractive rates on these products.

America Bank of Commerce’s 24 month CD rate - locals only

While it’s kind of disheartening hyping up a 24 month CD yielding only 2.32% APY, we still feel obligated considering the national average for 2 year CD rates sits at a pathetic 1.90% APY. Much thanks to BankVibe.com reader Sam for submitting this product for review!

S-Bank’s Grand Opening 9 month CD special - Locals Only

S-Bank, based out of Massachusetts, is offering a phenomenal 9 month CD rate of 2.33% APY to their local customers. To put this offer in perspective the national average for 6 month CDs sits at 0.90% APY and the national average for 12 month CDs is around 1.30% APY.
Many thanks to BankVibe reader Mark for sending us this offer!

JustBankIt.com - CD Rates and Review

Allied Bank, based out of Arkansas, has recently formed an online, FDIC-insured bank called “JustBankIt.com” in which customers nationwide can open a variety of checking, savings and loan products. They are currently offering very generous rates on their deposit products and we’ve highlighted those that are beatnig the national average by the highest margins below. You can fund a CD (certificate of deposit) account via check or wire transfer (no ACH offer at this time) with a minimum deposit of $1,000.

Best 15 month CD rates paying 2.25% APY

We were recently tipped off on a nice 15 month promotional CD (certificate of deposit) being offered through Country Bank for Savings. We believe this to be the highest yielding CD for a 15 month duration in the country (if you know of a higher yield, please share!). Currently when you invest a minimum of $500 into Country Bank for Savings “15 Month Relationship Certificate” you can earn an extremely competive APY of 2.25%.

A Roundup of This Week’s Economic News and Best CD Rates

Those eagerly looking to see how the economy turns out in the next few months will have plenty to watch out for in the next few days. In the banking industry, a major issue this week is the release of the fourth-quarter report earnings of big banks — Citigroup on Tuesday, Bank of America, Morgan Stanley, and Wells Fargo on Wednesday, and Goldman Sachs on Thursday. Analysts expect more than a few of these institutions to show record year-end profits that belie the serious crisis that the financial industry has just weathered.
Fate of Small Banks Less Certain

Some small credit unions still paying 1.80% APY on 6 mo CDs

If you’ve been in the market for short term certificate of deposits for a while now then I’m sure there isn’t much need for us to iterate the current state of their rates, however for those whom are just entering the marketplace - please realize rates are FAR from decent. If you’ve been scanning through some of the larger national banks’ rate pages for 6 month CDs, 12 month CDs or even 18 month CDs you’ve probably noticed rates being offered at or around 1.0% APY.

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