When it comes to earning interest from cash products, Certificate of Deposits or CDs, are often considered a good choice. However, most CD interest rates are not offering terribly high yields right now.
It’s just the nature of any cash product.
You exchange safety for the potential for higher yields. It is possible, though, to boost your CD interest rates.
There are some high yield CD options that can help you get a little more bang for your buck, let’s take a look at a few of them:

Incredible Bank, an online division of River Valley Bank in Wisconsin, is offering an “INCREDIBLE CD” that is only available online. As of the 28th of May this 12 month CD comes with any APY of 2.00%. To put this offer in perspective, the current national average for 1 year CDs sits at roughly 1.15% APY.

The best 30 month CD rates we found this week came out of a relatively small credit union in the El Paso, Texas region. Unfortunately, like most member-owned, community credit unions, this one is nearly impossible to join if you live outside of Texas and don’t have family members whom are currently members.
If you are fortunate enough to be eligible to join this organization you will be able to snag a 30 month CD yielding 2.68% APY with a minimum deposit of just $500.

Hyperion Bank, based out of Philadelphia, Pennsylvania currently has some pretty lucrative CD rates given the current market for savings accounts. Their best products come in the form of short term CD rates. They have a 3 month CD special available as of May, 18, 2010 which offers a return of 1.15% APY with a minimum deposit of just $399.00 required. To put this offer in perspective, the national average for 3 month CDs sits at around 0.30% APY.

The Bank of Kampsville, based out of Pleasant Hill, Illinois, is currently offering some short term CD rates that are beating the national average by a fairly substantial margin. Unfortunately for most of us, these products will be off limits as the bank is a small regional bank that accepts local funds. However, if you do live in Illinois and are in the market for a short term CD, you may want to stop by one of their branches. They have 4 locations within the state of Illinois - Kampsville, Brussels, Pleasant Hill, and Hardin.