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Top CD Rates Currently Available

admin — Thu, 10 Jun 2010 15:38:24 +0000

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.

Top CD Rates

author — Tue, 21 Apr 2009 19:28:27 +0000

Finding the top CD rates available nationally, right now, is one of the things we take seriously here at Top CD Rates. So let’s have a look at today’s top certificate of deposit rates nationally for 1-5 year terms.

1 Year CD Rates
The top CD rates for one year terms are from GMAC Bank, which has a $500 minimum deposit and a 2.75% annual percentage yield (APY). Corus Bank in Chicago is not far behind at 2.74% APY, but has a $10,000 minimum deposit. Third in lie for top certificate of deposit rates is UmbrellaBank.com at 2.60% and a $1,000 minimum deposit.

2 Year CD Rates
For certificates of deposits with two year terms, GMAC is offering 2.90% APYwith a $500 deposit minimum. NewDominionDIRECT.com has 2.76% APY and a $3,000 deposit minimum. The third top CD rates are from UmbrellaBank.com again, with 2.75% APY and a $1,000 minimum deposit.

3 Year CD Rates
Top CD rates for 3-year terms are found at Goldwater Bank in Arizona with a $50,000 minimum deposit and a 3.34% APY. GMAC once again is on the list with a 3.20% APY and a $500 minimum. Finally, certificates of deposits for this term at Discover Bank yield 3.10% APY with a $2,500 minimum deposit.

4 Year CD Rates
For top certificate of deposit rates in this term, we look at Intervest National Bank in New York with a $2,500 minimum deposit and a 3.55% APY. Then GMAC Bank again with 3.25% APY and that $500 minimum. Dicscover Bank matches that with 3.25%, but has a $2,500 minimum deposit.

5 Year CD Rates
Our longest-term look at top CD rates are again at Intervest National at 3.66% APY with the same $2,500 minimum deposit. The State Bank of India is still running their long-term special at 3.65% with a $5,000 minimum deposit. The final top certificate of deposit rates for this term are from iGoBanking.com in New York, which yields 3.61% with a $1,000 minimum deposit.

That’s the roundup for top CD rates right now. For the short-term investors, for the record, the top certificate of deposit rates for a 3-month term are from Imperial Capital Bank in California, giving a 1.85% APY with a $2,000 minimum deposit.

Of course, these rates will change quickly, so if you’re interested in the top CD rates right now, make sure to get in on them quickly.

Top CD Rates Overview

admin — Mon, 23 Feb 2009 19:34:00 +0000

With all of the uncertainty these days in both the stock market and real estate, many people have started thinking about certificates of deposit as a more stable option for placing a portion of their investment money. With so many bank CD rates to research, we here at Top CD Rates believed that it would be helpful to create this site to help you in learning about the best CD rates currently available.

Some of the issues to consider when looking for the top CD rates are:

Is the CD FDIC Insured? One of the biggest selling points for the stability of Certificates of Deposits in the U.S.A. is that most of them under $100,000 (and in some cases more than that) are insured by the Federal Deposit Insurance Corporation. You should be sure to confirm that with the financial institution before investing in a CD with them.

How Much Do You Want to Deposit? The minimum investment, or minimum deposit, is the smallest amount of money that you must have to open the CD account. Typically, these can run from $500 to $100,000. Sometimes, but not always, CDs that have high minimum deposits will also earn the best CD interest rates.

How Long Do You Want to Invest? The “term” of the CD is the length of time that your funds are required to remain with the bank for the certificate of deposit. This is especially important, because most bank CDs will charge an early withdrawal penalty if money is withdrawn from your certificate of deposit prior to the end of the term.

What is the CD Interest Rate? Most people concentrate on the CD interest rate when comparing CD rates, and rightfully so — CD rates are very important. The CD interest rate is the amount of money that the financial institution will pay for having your money deposited in the CD account.

Our site will review CD rates in across the United States to help our readers find the top CD interest rates. Be sure to visit the site frequently, as CD rates change often and therefore we will be updating our site often.