Best Bank CD Rates
In looking at the best bank CD rates available right now, we’ll compare some certificate of deposit offers by term and give you the top 3 for each term, right now. At Online Banks Blog, we look at a lot of banking information and CD rates are definitely hopping right now.
We’ll look at 1 year, 3 year, 5 year, and then 6 month CD rates to see what’s best for you and what the best CD rates are right now. We’ll sort the best bank CD rates in each term category by annual percentage yield (APY).
For 1 Year CD Rates
The best CD rates right now for this term are from GMAC Bank, with a minimum deposit of only $500 and an APY of 2.75%. Corus Bank is next, with a 2.74% APY and a $10,000 minimum deposit. The third best CD rates are from the State Bank of India at 2.63% APY with a $5,000 minimum deposit requirement.
For 3 Year CD Rates
The best bank CD rates for 3 year terms are from the State Bank of India at 3.55% APY with a $5,000 minimum deposit. The certificate of deposit at GMAC Bank follows at 3.20% APY with a $500 minimum while Discover Bank brings up the third slot at 3.10% with a $2,500 minimum deposit.
For 5 Year CD Rates
The best CD rates in this term are from the State Bank of India at 3.80% APY with a $5,000 minimum deposit. The next in line is Intervest National Bank at 3.66% APY with a $2,500 minimum deposit. Finally, the third best CD rates in the 5 year are from iGObanking.com at 3.61% APY with a $1,000 minimum deposit.
For 6 Month CD Rates
The short-term investor will be interested in the six month terms. The lineup of best bank CD rates here is the same as for one year, but with differeing CD rates. GMAC Bank is at 2.25%, Corus Bank is at 2.25%, and the State Bank of India is at 2.22% APY. Minimum deposit requirements are $500, $10,000, and $5,000 respectively.
All of these banks are FDIC insured and rates will not stay like this forever. So if you’re looking for a good certificate of deposit right now, maybe one of these will meet your needs.
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Mon, 11th May 2009 3:05 am
[...] Fred presents Best Bank CD Rates. [...]
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