The average CD rate for the top 10 CD rates with a term of 6 months dropped to an average of 2.22% for the week ending April 10, 2009.  Corus Bank of Chicago, Illinois held the top spot with a 6 month CD rate of 2.28%.  GMAC bank landed in the number 2 spot with the second best CD rate of 2.25% APY.  In third place is Ascencia Bank, a division of PBI Bank in Kentucky, with a 6 month CD rate that also yields 2.25%. 

The spread between the top bank CD rates and the number 10 position widened.  The number 10 bank CD rate was offered by State Bank of India with a 6 month CD that has an interest rate of 2.02%, 26 basis points lower than the best 6 month CD rate.  For 6 month CDs, numerous banks across the nation are paying above 2.00%.

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