Top 12 Month CD Rates
When searching for the top 12 month CD rates, many people get confused as to what institution to go to if they wish to invest in a CD for a 1 year term. The best rates are actually available mostly with long-term CDs. 12 month or 1 year CDs will not have the same yield as the long term CDs but with a little patience, we can find some institutions that have decent rates for a 12 month CD term. It is natural that we would prefer to invest on a CD that will have maximum earnings for our money.
Currently, Melrose Credit Union from Bronx, NY holds the top spot on the 12 month or 1 year CD. If you are opening a new account, the rate of your certificate will be the rate that is in effect the day your completed paperwork and funds are received. The minimum opening deposit for a Melrose 12 month CD is $5000. It has a dividend rate of 2.05% with an APY of 2.07%. Melrose Share Certificate dividends are compounded quarterly. These rates were posted 12/31/2009 and are still current and effective 3/31/2010.
Southeast Financial Credit Union from Tennessee holds the #2 spot with its 1 year CD. The minimum opening deposit to earn interest for a share certificate is $500. Their 1 year CD has an APY of 2.00%. This rate was posted 12/31/2009 and is still accurate and effective 3/31/2010.
These CD rates may change without prior notice. Visit their respective websites for more details on the top 12 month CD rates.
For additional resources about CD’s on this website, please view Best CD Rates by Term. For other financial institutions rates please check out Florida Certificate of Deposit Rates.
The Best CD Rates March 2010 is available on our sister website of onlinebanksblog.com. Also available on the sister site of bankcdratesonline.com is Best High Yield CD Rates 2010
We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name.
Related posts:
- Best 5 Year CD – Melrose Credit Union
- Best CD Rates – Melrose Credit Union
- Best CD Rates June 2010
- Best 36 Month CD Rates Florida
- Best CD Rates – Best 1 Year CD Rates 2010
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