Best CD Rates August 2010

The best CD rates August 2010 are not much different than they were last month unfortunately. With no sign from the FED that they were going to raise the prime rate, investors are still out in the cold.

This month there are a variety of relatively good deals from some of the national financial institutions across the nations. Sallie Mae is offering a 1 year CD that has the highest rate at this time of 1.55% APY.
There is no minimum deposit and no fees associated with this CD.

 They also have a few more like the 36 month CD has an APY of 2.30% and the 60 month CD has an APY of 3.00%, but neither are the highest in the nation. These CD Rates were posted on August 2, 2010 and are still current as of August 9, 2010.

If a 2 year CD is more to your liking, then New Dominion Direct (NDD) has the best rate currently. Their 2 year CD has an APY of 2.00%. This does require a minimum deposit of $3000. But just like Sallie Mae the other rates are just below the best rates of the nation.

NDD also has a 12 month CD for 1.51% and a 36 month CD for 2.40% APY which are close but not the best. These rates were posted on August 3, 2010 and were still valid on August 9, 2010.

For the best 36 month or 3 year CD is from USAA Bank. They are currently offering a rate of 2.56% APY for their 3 year CD with a minimum deposit of $175,000. For a deposit under $95,000 the APY is only 2.25%. These APY’s were posted on August 6, 2010.

New Dominion Direct with their rate of 2.40% on a $3000 deposit is the best for this range but this is how fast things change. Last week Heritage Bank out of Arizona had a 36 month CD at 2.30%, but this week its rate dropped to only 1.90% with a deposit of $50,000. For a deposit of $1000 the APY is only 1.70%.

These are the best CD rates August 2010 in the second week of the month, next week they are likely to change somewhat.

For additional resources about CDs on this website, please view Best Atlanta CD Rates.  On our other sister sites, there is information on bank services at on Wells Fargo CD Rates.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name.  Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.

Related posts:

  1. Banks with the Best CD Rates
  2. Best CD Rates Today August 2011 2 year Term
  3. Best CD Rates Today August 1 year Term
  4. ING Direct CD Rates August Review 2011
  5. Best CD Rates Today August 2011 5 year Term
Posted : August 9th, 2010 by Douglas

Tags: , , , , ,

Comments (0)

Leave a Reply

CyberCoder Tag Theme by CyberCoder
WordPress Powers Best CD Rates

wordpress visitor counter