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.
The best CD rates, week of July 19, come from credit unions, so might want to check your eligibility in their respective websites should you wish to invest.
To earn the stated APY, Melrose Credit Union from New York requires a minimum of $5000 for their Share Certificates (SC), the equivalent of a bank’s certificate of deposit (CD). The 1 Year SC has an interest rate of 1.75% with an APY of 1.76%. The 2 Year SC has an interest rate of 2.00% with an APY of 2.02%. The 3 Year SC has an interest rate of 2.50% with an APY of 2.52%. The 4 Year SC has an interest rate of 2.75% with an APY of 2.78%. The 5 Year SC has an interest rate of 3.25% with an APY of 3.29%. These rates were posted June 30, 2010 and are still current and effective as of July 22, 2010.
The Police and Fire Federal Credit Union out of Philadelphia also have very good CD rates and even better rates in some terms than Melrose. The PFFCU requires a minimum of $500 to acquire APY. The 1 year SC has an interest rate of 1.40% with an APY of 1.40%. The 2 year SC has an interest rate of 1.99% with an APY of 2.00%. The 3 year SC has an interest rate of 2.96% with an APY of 3.00%. The 4 year SC has an interest rate of 3.45% with an APY of 3.50%. The 5 year SC has an interest rate of 3.93% with an APY of 4.00%. View other monthly terms and rates in their website. These rates were posted July 15, 2010 and are still current and effective as of July 22, 2010.
Fort Knox Federal Credit Union of Kentucky requires a minimum of $500 for their CDs. They have CD Specials with the 23 Month CD which has an APY of 2.30% and the 14 Month CD Special which has an APY of 1.75%. The 5 year CD has an APY of 3.00%. View other terms and rates in their website. These CD rates were posted July 14, 2010 and are still current and effective as of July 22, 2010.
These are the current best CD rates, week of July 19.
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.
The Discover Bank CD rates update comes from one of the most recognized brands in U.S. financial services. Discover revolutionized the credit card industry which it unveiled nationally during the 1986 Super Bowl. Today, it is not only one of the leading credit card issuer and electronic payment services company but also one of the reputable banking institutions in America with a global payments network acceptance in 185 countries and territories.
Discover Bank’s CDs require a minimum balance of $2500 to earn the posted APY. Their 3 Months CD has an interest rate of 0.65% with an APY of 0.65%. Their 6 Months CD has an interest rate of 1.14% with an APY of 1.15%. Their 9 Months CD has an interest rate of 1.14% with an APY of 1.15%. Their 12 Months CD has an interest rate of 1.49% with an APY of 1.50%. Their 18 Months CD has an interest rate of 1.59% with an APY of 1.60%. Their 24 Months CD has an interest rate of 1.88% with an APY of 1.90%. Their 30 Months CD has an interest rate of 2.03% with an APY of 2.05%.
Their 3 Years CD has an interest rate of 2.23% with an APY of 2.25%. Their 4 Years CD has an interest rate of 2.42% with an APY of 2.45%. Their 5 Years CD has an interest rate of 2.96% with an APY of 3.00%. Their 7 Years CD has an interest rate of 3.20% with an APY of 3.25%. Their 10 Years CD has an interest rate of 3.44% with an APY of 3.50%. These CD rates were posted on July 20, 2010 and are still current and effective July 21, 2010.
Like in every bank, this Discover Bank CD rates update is subject to change without notice.
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.