Top CD Rates

In this time of low rates, I thought it would be helpful to provide a Bank CD Rate Comparison.  There are numerous Bank rates out there, but here are some of the best.  I didn’t limit this to just banks, because there are some credit unions that are Federally insured by the NCUA and have better rates than many banks. Your deposits are just as safe and just as insured as if they were in an FDIC insured bank.

Alliant Credit Union, IL — 3.40% APY, 1-year CD — $25 membership fees — $25,000 minimum

4.00% APY, 3-year CD — Click here


Capital One Bank, VA — 4.00% APY, 7-year CD — $5,000 minimum
Note: Capital One has two banks so you can get double the insurance. — Click here


GMAC Bank, PA — 3.00% APY, 1-year and 18-month CD — $500 minimum — Click here

So there are a few rates to help you with your Bank CD Rate comparison. Remember don’t be afraid of credit unions.

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[Updated: 3/26/09] I thought I would take a quick moment to update Pentagon Federal Credit Union’s CD Rates. Unlike many banks of the same size they are quite healthy. Their longer-term CDs are the most competitive at this time.

They have a 3-year CD Rate of 3.50% APY. The 4-year CD Rate is 3.75% APY and the 5-year and 7-year CD rates are 4.00% APY.

For more details on PenFed from my previous post check-out Pentagon Federal Credit Union CD Rates. They have a pretty easy membership process.

Updated: 01/15/09

Also try Bank Rates for more rates on certificates of deposit.

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