Top CD Rates Currently Available

June 10, 2010

Today we are reviewing the current top CD rates offered nationally  so that you can more easily find the best CD rates available.  Certificates of deposit are a good investment right now given the fact that they offer steady returns. They are also the best investment option because they have fixed maturity dates and people can earn significant profits over extended periods of time.  The following is a list of the top CD rates for one, three and five year CDs.

The best CD rates for a one year CD are offered by Sallie Mae. They are offering an APY of 1.55% with no minimum deposit requirement. Bank of Internet USA is offering an APY of 1.54% with a minimum deposit requirement of $1,000. Harris Bank and Discover Bank are currently offering an APY of 1.50% with a minimum deposit requirement of $1,000 and $2,500, respectively.

If you are interested in a  three year CD, Bank of Internet USA is offering an APY of 2.42% with a minimum deposit requirement of $1,000. Sallie Mae is currently offering an APY of 2.40% with no minimum deposit requirement. TriState Capital Direct currently offers an APY of 2.35% with minimum deposit requirement of $100,000.

If you are searching for high CD rates then do consider investing in the five year CDs. Nationwide Bank is currently offering an APY of 3.05% with a minimum deposit requirement of $500. Astoria Federal Savings offer the second best rate with an APY of 3.05% and the same deposit requirement of $500. EverBank is currently offering an APY of 3.04% and a minimum deposit requirement of $1,500. Customers can opt for these institutions because of the lucrative rates that are way above market average.

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