Highest Interest CDs

Today at Best CD Rates Today, we thought that an overall look at the best-performing certificates of deposit offers nationally would be worth doing. To find a high interest CD, you often have to look at national competition rather than merely local.

So we’ll begin our hunt for the highest interest CD by looking at one year, three year, and five year terms and listing by annual percentage yield (APY) and giving any other information needed like minimum deposit requirements for the best CD rates.

On a one year term, the best rates are 1.55% APY at Sallie Mae and Harris, both compounded daily. Sallie Mae has no minimum deposit to open and maintain while Harris has a $1,000 minimum. Then come New Dominion DIRECT with a 1.51% APY and a $3,000 minimum deposit requirement followed closely by Ascencia (PBI Bank) at 1.50% APY with a $500 minimum. Discover also has a 1.50% APY and has a $2,500 minimum.

For the three year term, the best high interest CD is from New Dominion DIRECT at 2.50% APY with a $3,000 minimum deposit requirement. Next is Sallie Mae with a 2.40% APY and no minimum deposit required. Finally, we see TriState Cpital Direct with a 2.35% APY and a $100,000 minimum deposit on this Jumbo high interest CD. Close to that, in a non-jumbo, is Colorado Federal Savings at 2.30% APY with a $5,000 minimum deposit.

In the five year term, we see the highest interest CD to be at Astoria Federal Savings with a $500 minimum deposit requirement. Several more banks have best CD rates of 3.00% APY, including Sallie Mae, Stonebridge, USAA, and Discover Bank. Minimum deposits range from $0 to $2,500. Finally, First Internet Bank of Indiana has a 2.95% APY with a $1,000 minimum deposit.

All banks listed are FDIC insured.

Related posts:

  1. Best CD Interest Rates
  2. Highest CD Rates in Fort Worth, Texas
  3. Highest Yield CD Rates
  4. Highest CD Rates 2010
  5. Best Deposit Interest Rates
Posted : July 22nd, 2010 by author

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