Top CD Rates A Comprehensive List

By: EconomyWatch Content Team   Date: 4 March 2010

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EconomyWatch Content Team

The Economy Watch Content Team manages our thousands of reference pages on economic, industry,

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When talking about the top CD rates, you need to remember that rates change all the time.  One day you could see JP Morgan offering the highest rate but the next day it falls to the middle of the pile.  Rates can be anywhere from 2% to 4.25% and higher, depending on the issuer, the day, the type of certificate of deposit, and in some cases, the locked-in period.

Although we could write about the top CD rates and provide scenarios and a few examples, we thought it would be more helpful and beneficial to list the 25 top CD rates that are currently being offered.  As you will see from the information below, we have offered the name of the issuer, the rate, Annual Percentage Yield, and minimum deposit required, which are all for 03/03/10.

As you can see, the top CD rates are good but they are also varied.  Because of daily changes, as well as such wide ranges, it is essential to do your research before you lock your money into any certificate of deposit.  That way, you can locate the issuer that is going to benefit you most.  Remember, you want top CD rates so the hard earned money ends up yielding the most possible.  In addition, be sure you choose an issuer with the most frequent compounding schedule, which would also help boost your return on.

 







 

Issuer

Interest

Rate

Annual Percentage Yield

Minimum Deposit

Discover Bank (DE)

1.59

1.60

$2,500

Aurora Bank (DE)

1.58

1.59

$1.000

Ally Bank (UT)

1.57

1.58

$0

American Express (NY)

1.49

1.50

$0

ShoreBank (IL)

1.33

1.3

$1,000

MetLife Bank (NJ)

1.29

1.30

$25,000

Tennessee Commerce Bank (TN)

1.69

1.70

$2,500

NewdominionDirect.com (NC)

1.66

1.67

$3,000

State Bank of India (NY)

1.65

1.66

$5,000

OneWest Bank (NY)

1.64

1.65

$5,000

Nexity Bank (AL)

1.57

1.58

$1,000

Goldwater Bank (AZ)

1.58

1.58

$50,000

Excel National Bank (CA)

1.57

1.58

$10,000

AIG Bank (DE)

1.55

1.56

$2,500

Colorado Federal Savings (CO)

1.54

1.55

$5,000

Eastern Savings Bank (MD)

1.54

1.55

$1,000

Stonebridge Bank (PA)

1.49

1.50

$500

Intervest National Bank (NY)

1.49

1.50

$2,500

VirtualBank (FL)

1.45

1.46

$10,000

GiantBank.com (FL)

1.45

1.46

$2,500

Heritage Bank (AZ)

1.39

1.40

$5,000

Ascencia (PBI Bank) (KY)

1.39

1.40

$500

Bank of Internet USA (CA)

1.39

1.40

$1,000

Centennial Bank (CA)

1.30

1.31

$10,000

Issuer

Interest

Rate

Annual Percentage Yield

Minimum Deposit

American Bank (PA)

1.29

1.30

$500

California First National Bank (CA)

1.29

1.30

$5,000

Allstate Bank (IL)

1.25

1.25

$1,000

Pacific Mercantile Bank (CA)

1.24

1.25

$10,000

Transportation Alliance Bank (UT)

1.24

1.25

$1,000

National Bank of KC (KS)

1.24

1.25

$10,000

BankDirect (TX)

1.10

1.11

$10,000

Heritage Bank (MN)

1.05

1.05

$1,000

Astoria Federal Savings (NY)

1.04

1.05

$500

Domestic Bank (RI)

1.00

1.00

$500

E-LOAN (CA)

1.00

1.00

$10,000

State Farm Bank (IL)

0.94

0.94

$500

NOVA Bank (PA)

1.59

1.60

$500

Lone Star Bank (TX)

1.00

1.00

$1,000

First Internet Bank of Indiana (IN)

1.24

1.25

$1,000

 


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