As more consumers flock to the safe harbor of bank products, more and more are asking and searching for high rates with a minimal investment. Unfortunately some consumers have even shied away from investments in bank CDs because of the perception that a large sum of money is needed to reach the higher rates.

Within these pages are some of the best national and state bank CD rates offered regardless of investment requirement. In reviewing the minimum required investment to achieve the interest rates offered on these bank CDs it becomes apparent that there are numerous firms that have very low minimum requirements that are on the top 10 best CD rates.

Minimum deposit requirements in CDs can vary widely from bank to bank. Here is a just a sampling of what interest rates are available this week and the minimum investment required to obtain these bank CD yields.

GMAC Bank requires a minimum of just $500 to obtain a 4.36% interest rate on their one year CD.

In New Jersey, Sovereign Bank unveiled its 12 month CD with a 4.25% rate. In addition to that CD rate the also offer a 9 month CD rate at 4.00. Each account has a minimum $500.00 deposit.

CapitalOne Bank offers a 14 month CD at 4.00%, a two year CD at 4.50% and a five year CD at 5.00%, each account has a minimum of $500.00 to open.

There are also promotions like Countrywide Bank which has continued its offer of 3.90% on a 7 month CD but the minimum requirement is a relatively hefty $10,000.00.

Citibank has also continued their 4.00% CD rate on the 6 month CD with a $500.00 minimum deposit.

Wachovia is continuing its high rate one year CD that returns 4.25% on a minimum $1,000.00 investment.

EverBank remains in the top 10 for CD rates, the EverBank two year CD is at 4.25% with a minimum $1,500.00 minimum opening balance.

Some banks offer a premium for opening a CD with large deposits, but they are in the minority of bank products. Customers who want to invest in certificates of deposit but don’t have $10,000.00 to invest have plenty of options to obtain some of the highest interest rates. In addition, these rates are available on wide variety of maturities to maintain a diversified financial portfolio.

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