Best CD Interest Rates

By Andrew Otis , last updated January 10, 2012

Knowing what the best CD interest rates are can be useful when looking to improve your financial portfolio. With S&P downgrading America's credit rating and an economy that continues to languish, investors are fleeing to safe options. This includes Certificates of Deposit. If you are looking for good places to find Certificate of Deposit (CD) interest rates, your best bet is to look online at a few different helpful websites. Most of these websites will allow you to compare many different types of CD rates, from six months to five years or more. The best current CD interest rates are hovering around 1.20 percent for one year CDs.

Rates

What follows are the current highest rates and minimum deposits for bankrate's most popular CD offerings. The highest 3 month CD is from AloStar Bank of Commerce. They have a minimum deposit of $1,000 and an APY of .81 percent. The highest 6 month CD is from AloStar Bank of Commerce. They have a minimum deposit of $1,000 and an APY of 1.05 percent. The highest 1 year CD is from AloStar Bank of Commerce. They have a minimum deposit of $1,000 and an APY of 1.27 percent. The highest 2 year CD is from Aurora Bank. They have a minimum deposit of $1,000 and an APY of 1.46 percent. The highest 3 year CD is from Doral Bank. They have a minimum deposit of $1,000 and an APY of 1.80 percent. The highest 5 year CD is from First Internet Bank of Indiana. They have a minimum deposit of $1,000 and an APY of 2.40 percent. The highest 1-year jumbo CD is from AloStar Bank of Commerce. They have a minimum deposit of $100,000 and an APY of 1.27 percent. The highest 5 jumbo CD is from First Internet Bank of Indiana. They have a minimum deposit of $100,000 and an APY of 2.40 percent.

A jumbo CD simply means that the CD must have a minimum balance of at least a certain amount. This amount is usually $100,000 to qualify for special rates associated with a jumbo CD.

Bankrate.com

Possibly the best website for comparing CD interest rates online is http://www.bankrate.com/. You can find CD interest rates easily on the homepage bankrate.com. You can vary between searching for national or local CD interest rate. National rates will usually be higher, but you can opt to support your local bank. Bankrate.com will provide national average for all CDs, so make sure you look around. There are numerous other websites you can use to find CD interest rates online.

Resources and References
Related Articles
A CD or Certificate of Deposit is a financial product that has a fixed term and a fixed or variable interest rate. The principal accrues interest during its term ...
CDs (Certificates of Deposit) are very safe savings instruments that typically offer better interest rates than those offered on savings accounts and money market ...
A CD, or certificate of deposit, is a type of time deposit that earns you money through interest. CDs are typically offered by banks and credit unions, and they ...
About -  Privacy -  AskEraser  -  Careers -  Ask Blog -  Q&A -  Mobile -  Help -  Feedback © 2014 Ask.com