Best CD (Certificate of Deposit) Rates
Find the highest C.D. rates available.
What is a CD (Certificate of Deposit)?
A certificate of deposit or CD is a time deposit, a financial product commonly offered to consumers by banks and credit unions.
CDs are similar to savings accounts in that they are federally insured and thus almost completely risk-free; they are "money in the bank." Bank CDs are insured by the FDIC (Federal Deposit Insurance Corporation) and credit union CDs are insured by the NCUA (National Credit Union Association).
They are different from savings accounts in that the CD has a specific, fixed term to maturity and typically a fixed interest rate for the duration of that term. CDs can have lower or higher rates that savings accounts, depending on the direction the prime rate (controlled by the Federal Reserve) is headed. You must leave your money in the CD for the term to maturity or face withdrawal penalties, which can quickly cut into the interest.
Top 20 Best CD Rates - Last Updated 12/4/2009
| Bank | Term | CD Rate | Minimum | Rating |
| UFB Direct | 3 Month CD | 1.22% | 8000 | 2/5 |
| Virtual Bank | 3 Month CD | 1.21% | 10000 | 2/5 |
| Ally Bank | 3 Month CD | 0.95% | 0 | 4/5 |
| State Bank of India | 6 Month CD | 1.51% | 5000 | 2/5 |
| Ally Bank | 6 Month CD | 1.30% | 0 | 4/5 |
| eLoan | 6 Month CD | 1.40% | 10000 | 3/5 |
| Umbrella Bank | 12 Month CD | 2.00% | 1000 | 1/5 |
| Ally Bank | 12 Month CD | 1.65% | 0 | 4/5 |
| EverBank | 12 Month CD | 1.65% | 1500 | 4/5 |
| AIG Bank | 18 Month CD | 1.95% | 2500 | 2/5 |
Discover Bank
| 18 Month CD | 1.90% | 2500 | 5/5 |
| Ally Bank | 18 Month CD | 1.74% | 0 | 4/5 |
Discover Bank
| 2 Year CD | 2.25% | 2500 | 5/5 |
| Ally Bank | 2 Year CD | 2.10% | 0 | 4/5 |
| First Internet Bank | 3 Year CD | 2.65% | 1000 | 2/5 |
Discover Bank
| 3 Year CD | 2.50% | 2500 | 5/5 |
| Ally Bank | 3 Year CD | 2.49% | 0 | 4/5 |
Discover Bank
| 5 Year CD | 3.25% | 2500 | 5/5 |
| Capital One Direct | 5 Year CD | 3.25% | 5000 | 3/5 |
| Ally Bank | 5 Year CD | 3.15% | 0 | 4/5 |
Posted under [
CD Rates ] on January 15, 2010
One of my CDs at Ally was recently expiring and I called them to cash out a CD. Most of the time a bank will count on you not paying attention to when your CD matures and try to roll you into a low interest rate. I was pleasantly surprised when Ally’s representative offered me [...]
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US Bank has some competitive online certificate of deposits that are nationally available. Their CDs require a minimum deposit of $1000 and you can apply online instantly. The current CD rates (as of 12/23/2009) are as follows:
23 month CD – 1.75% APY
42 month CD – 2.00% APY
59 month CD – 3.00% APY
Interest is paid annually [...]
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Darby Direct is the online division of Darby Bank. They currently offer CDs and a Money Market account. Unfortunately it appears that Darby has recently limited their deposits to the state of Georgia, so these rates are no longer nationally available.
Darby has a money market account with a 1.25% APY. The Darby money market account [...]
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Coulee Bank is a small bank located in Wisconsin. They are currently offering some decent CD and money market rates, as well as a rewards checking account with a rate of 4.04% APY.
Coulee’s current CD rates are as follows:
11 month CD – 1.52% APY, $25,000 minimum deposit
12 month IRA CD – 1.08% APY, $500 min [...]
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Discover Bank currently has some relatively high CD rates available nationwide.
Current CD rates include:
3 month CD – 1.00% APY
6 month CD – 1.35% APY
9 month CD – 1.50% APY
12 month CD – 2.00% APY
18 month CD – 2.05% APY
24 month CD – 2.35% APY
30 month CD – 2.35% APY
3 year CD – 2.75% APY
4 year [...]
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MetLife Bank is offering a promotional 12 month CD with 2.25% APY. Minimum balance on this promotional CD is $25,000 or more.
Some details on the CD:
The CD can be opened by mail, phone, or via the internet
It can be funded by check wire or ACH
When you apply, you have 15 days to fund the [...]
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H&R Block currently has a special 6 month CD with 2.00% APY. This CD is only available online via their website.
This bank deal is only available until the end of September, so I would jump on this ASAP if you’re interested. The minimum deposit on this account is $250.
Early withdrawal penalty is 30 days of [...]
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American Express has recently begun offering savings and CD products, only available online through their website. From what I can tell, they started offering banking products to qualify for bailout money.
They used to have a savings account called the “savings accelerator” which was connected to one of their credit cards. This new savings account is [...]
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State Farm is well known for their insurance division, but they also have offer banking services through State Farm Bank, which does not have physical branches and is primarily an online bank, with direct customer interaction through state farm agents.
State Farm has various CDs with terms ranging from 3 months to 5 years. Their rates [...]
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Posted under [
CD Rates ] on August 26, 2009
GMAC Bank recently changed their name to Ally Bank, located at Ally.com. GMAC Bank is a subsidiary of GM, and it appears that this move is an attempt to distance itself from the bad press that GM has been receiving lately. GMACbank.com now points to Ally.com.
So far there hasn’t seem to be major changes in [...]
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EverBank is offering a 3 month promotional rate at 2.51%, which is one of the highest money market rates currently available. This 3 month promo rate is only good for new customers and only applies to balances up to and including $50,000 in the Yield Pledge Money Market Account, and up to $100,000 in the [...]
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Many of you may know H&R block as the tax preparation service. But H&R also has a bank that accepts online deposits, with certificate of deposits, savings accounts, and checking accounts.
The best CD rate they are offering is a 1 year CD at 2.00%. Minimum deposit is $250. The rest of their CD rates are [...]
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Third Federal Savings & Loan has several high long term CD rates available online. Their current CD rates include:
6 month CD – 1.40%
12 month CD – 1.65%
18 month CD – 1.75%
24 month CD – 2.00%
30 month CD – 2.25%
36 month CD – 2.50%
48 month CD – 3.00%
60 month CD – 3.25%
72 month CD – 3.50%
Minimum [...]
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Posted under [
CD Rates ] on July 28, 2009
Citizens First bank is offering special 22 month CD at 3.15% APY, 13 month CD at 2.25%, and a 8 month CD at 1.50%.
Minimum deposit on this certificate is $1,000. You must be a new customer to receive this promo rate.
You can apply for both CDs online. A checking account may be required to open [...]
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GiantBank is an online only division of Landmark Bank, NA. Because the bank is entirely online, they are able to offer some of the best CD rates, savings accounts, and money market rates.
They offer a wide range of products including small business CDs, business money market, and business interest checking accounts.
Their small business CD rates [...]
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2.25% Money Market Bonus Rate at EverBank
1.49% APY Savings Account at Ally (1/5/10)
1.41% APY with WTDirect Savings Account
5% Cashback Rewards with Discover More 
