Local CD Rates
When searching for local CD rates, most Americans find that their local community bank can only offer a special rate on just one or two CDs at most. The financial institutions that have been the most consistent are the credit unions.
For the overall best CD rates, they can only be found on a regular basis at the national bank level. The following list is what the best rates at the different term levels are currently. Compare these to your local bank offers. Show the local bank what you can receive from them and just maybe they may give you a better rate. This is the advantage of dealing with a local bank; they do not have the unknown heads of conglomerates running the show from thousands of miles away.
Today, May 21, 2010 the best national CD rate on a 5 year term is from EverBank. They have an interest rate of 3.09% and an APY of 3.14%, with a minimum deposit of $1500. The interest is compounded daily and this rate was posted on May 21, 2010.
The best 4 year term CD is from the Bank of Internet with an interest rate of 2.88% and an APY of 2.92%. The interest is compounded daily and the minimum deposit is $1000.
The best 3 year CD is also from the Bank of Internet. This interest rate is 2.39% and the APY is 2.42%. The interest is compounded daily and the minimum deposit is $1000.
The best 2 year CD rate is from New Dominion Direct. They offer an interest rate of 2.01% and an APY of 2.03%. This has interest compounded daily with a minimum deposit of $3000, and were posted on April 14, 2010
The best 1 year CD is from Sallie May, at an interest rate of 1.54% and an APY of 1.55%. This interest is compounded daily with no minimum deposit required. This rate was posted on May 10, 2010.
All of these CD rates are subject to change without notice. Compare these rates to your local CD rates and you can negotiate with your local bank for the best possible rate on your investment.
For additional resources about CDs on this website about another state, please view World Bank CD Rates.
The Armed Forces Bank Online is available on our sister website of onlinebanksblog.com. Also available on the sister site of bankcdratesonline.com is St. Louis 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:
- CD Rates Florida
- Best 36 Month CD Rates Florida
- Best 12 Month CD Rates Florida
- Best CD Rates – Best 36 Month CD Rates
- Best CD Rates in Cincinnati OH
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Prairie National Bank CD Rates | Best CD Rates Says:
[...] For additional resources about CD’s on this website about another state please view Local CD Rates. [...]
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