Credit unions dominate the best CD rates by term, with a few banks taking top place in some of the rates on certain terms. Most rates are down presently with just a few managing to stay where they were.
The best rate for a 6 month CD comes from Southeast Financial Credit Union. The required minimum deposit is $500. It has an APY of 1.60%. The rate was posted 12/31/2009 but still current and effective as of 3/12/2010.
The best rates for a 1 year CD to a 5 year CD all come from and is dominated by Melrose Credit Union. The required minimum deposit on all their CDs is $5000. Their 1 year CD has an interest rate of 2.05% with an APY of 2.07%. Their 2 year CD has an interest rate 2.30% with an APY of 2.32%. Their 3 year CD has an interest rate of 2.80% and an APY of 2.83%. Their 4 year CD has an interest rate of 3.05% with an APY of 3.09%. Their 5 year CD has an interest rate of 3.60% with an APY of 3.65%. The rates were posted 12/31/2009 but are still current and effective as of 3/12/2010.
The best rate for a 6 year CD comes from Third Federal Savings and Loan. The required minimum deposit is $500. It has an APY of 3.25%. The rate is current and effective as of 3/12/2010.
The best rate for a 7 year CD and a 10 year CD both come from Apple Federal Credit Union. The required minimum deposit for their CD is $500. Their 7 year CD has an APY of 3.75%. Their 10 year CD has an APY 4.00%. The rates are current and effective as of 3/12/2010.
Each of these CD ratesmay vary per area and are subject to change without prior notice. Visit each bank’s website for more details before deciding which ones are the best CD rates by term that will suit your needs.
With Ally Bank certificate of deposit rates, you get great rates with no minimum balances. Your interest is compounded daily and you get to have 24/7 live Customer Care support. You can choose from any of Ally Bank’s CDs for maximum savings and flexibility that will suit your needs.
The Ally Raise Your Rate CD gives customers more flexibility and earning power with a 2 year CD term. Lock in a great rate now, plus have the option of a one-time rate increase if the rate goes up. The Ally Raise Your Rate 2 year CD has an interest rate of 2.02% with an APY of 2.04%.
The Ally No Penalty CD lets you get a fixed rate with the freedom of a no fee early withdrawal. This means you can withdraw your entire balance including all interests earned, without a fee. The Ally No Penalty CD has a 9 months term. It has an interest rate of 0.99% with an APY of 0.99%.
The Ally High Yield CD gives high fixed CD rates for a fixed term. The 3 months CD has an interest rate of 0.89% with an APY of 0.89%. The 6 months CD has an interest rate of 1.18% with an APY of 1.19%. The 9 months CD has an interest rate of 0.98% with an APY of 0.98%. The 12 months CD has an interest rate of 1.57% with an APY of 1.58%. The 18 months CD has an interest rate of 1.73% with an APY of 1.75%. The 3 years CD has an interest rate of 2.41% with an APY of 2.44%. The 4 years CD has an interest rate of 2.65% with an APY of 2.69%. The 5 years CD has an interest rate of 3.04% with an APY of 3.09%.
These CD ratesare current as of 3/11/2010 and were posted on 3/09/2010. They may vary per area and may change without notice. Visit the Ally Bank website for more details on the Ally Bank certificate of deposit rates.
Although better known for student loans, the Sallie Mae CD rates come from the New Online CD by Sallie Mae. These are designed to help you achieve your goals by guaranteeing a great return on your investment and maximizing your earning power. There is no minimum deposit, no monthly fees, and no hidden charges.
SLM Corporation, commonly known as Sallie Mae, is a publicly-traded U.S. corporation whose operations are originating, servicing, and collecting on student loans. The Student Loan Marketing Association was originally created in 1972 as a government-sponsored enterprise (GSE) and began privatizing its operations in 1997, a process it completed at the end of 2004 when Congress terminated its federal charter, ending its ties to the government. The company remains the country’s largest originator of federally insured student loans. Through its specialized subsidiaries and divisions, Sallie Mae also provides debt management services as well as business and technical products to a range of business clients, including colleges, universities, and loan guarantors.
Sallie Mae’s New Online CDs are designed with no minimums and no monthly fees. With this institution, banking should be simple, rewarding and hassle-free. The Sallie Mae New Online 12 month CD has an APY of 1.50%. The 36 month CD has an APY of 2.20%. The 60 month CD has an APY of 3.00%. While the certificates of deposit require no minimum balance, you must have funds in your account in order for your account to earn the APY. The interest rate on your CD will be compounded daily and will be credited to your account on a monthly basis. Your CD automatically renews at maturity. At maturity, you will also have a 10 calendar day grace period in which you can withdraw funds from your account without penalty.
These CD rateswere posted on 3/8/2010 and are still current as of 3/10/2010, and may change without notice. Visit their website for more details on the Sallie Mae CD rates.