Best CD Rates – Week of July 12

The best CD rates, week of July 12, 2010 from a bank for a 1 year or 12 month CD was at an APY of 1.55%. There were three financial institutions across the nation that made this offer. The first one is Salle Mae. They offer a 12 month CD with an APY of 1.55% with no minimum deposit, no fees, and no hidden charges. The rates were posted on July 6, 2010 and were still current as of July 19, 2010. They also offer a 36 month CD at 2.40% APY, and a 60 month CD at 3.00% APY. While not the best, they are very close to it.

Harris Bank is based in the Chicago area but serves the nation. They had a 12 month CD that was at 1.55% APY last week but effective July 16, 2010 the 12 month CD has been reduced to 0.65% with a minim deposit of $5000.

Flagstar is the third financial institution with a 12 month CD at a rate of 1.55% APY. This is with a minimum deposit of $500, and is still current as of July 19, 2010. There 36 month CD is at 2.35% APY, which is good but not the best.

When looking to Credit Unions, the best CD rates are from Melrose CU and are called Shared Certificates (SC). They have a 1 year SC at 1.76% APY. The 2 year SC is at 2.02%. The 3 year SC is at 2.52%. The 4 year SC is at 2.78% and the 5 year SC is at 3.29% APY. This is with a minimum deposit of $500. The rates were posted on June 30, 2010 and were still current as of July 19, 2010.

These are the best CD rates, week of July 12, 2010 from financial institutions that post their rates readily on the internet.

For additional resources about CDs on this website, please view M&T CD Rates. On our other sister site, there is the Socially Responsible ETF List for an additional investment resource.

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:

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  3. Best 1 year CD rates July 2011
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  5. PNC CD Rates Update July
Posted : July 19th, 2010 by Douglas

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