For the better part of this year, the best national CD rates have been on a downward slope. This week, even while Treasury rates continued to drop, the best national CD rates remained unaltered. The highest national CD rates across all maturities measured by Selectcdrates.com, including the 3 month term, 6 month term, 1 year term and 5 year term, all held constant from the prior week.
Typically the highest CD rates are available for those investors and savers willing to invest their money into certificates of deposit with long deposit terms. While this investment guideline still holds in today’s market, the best national CD rate with a three month term offers a very competitive rate relative to the CD rates on the six month and one year term CDs.
The best three month CD rate comes from Goldwater Bank which offers the certificate with an interest rate at 0.90%. Goldwater Bank is an Arizona based bank chartered as a national bank. The bank has just one bank location in AZ but makes their bank CD accounts available nationwide via the banks online services.
By increasing the term of the CD by three months, the best national CD rate increases by 37 basis points or 37/100 of a percent. The best six month CD rate comes from Aurora Bank CD at rate of 1.27%. Aurora Bank is based in Delaware and accepts CD accounts online, nationwide. The bank is chartered as a savings association and has been FDIC insured since 1958. For a complete list of the best six month CD rates available nationally view the following page, six month CD rates.
The best one year CD rate this week remains at 1.55%. For a one year term CD, the best national CD rate is available from three financial institutions including; Sallie Mae Bank CD, Flagstar Bank CD and Ultima Bank Minnesota CD. A complete list of all the best one year CD rates available nationally can be viewed on the following page, one year CD rates.
The best two year CD rate jumps up to 2.10%. This interest rate is available at Tennessee Commerce Bank. Tennessee Commerce Bank is a Federal Reserve non member bank headquartered in Franklin, TN. A list of the best two year CD rates available nationally can be found at the following page, two year CD rates.
The highest five year CD rate is available at two banks. Acacia Federal Savings Bank which is chartered as a savings association based in Falls Church, VA and iGOBanking, both offer five year CD rates at 3.25% to lead the highest rates for this maturity. A list of the top ten highest five year CD rates available nationally can be viewed at the following page, five year CD rates.
CD rates are subject to change and additional conditions may exist to open these accounts. Contact the bank directly for the current CD rates and terms and conditions.
Tags: Aurora Bank CD, best one year CD rate, best six month CD rate, best three month CD rate, best two year CD rate, CD rates, certificates of deposit, current CD rates, Flagstar Bank CD, Goldwater Bank, highest CD rates, National CD Rates, Sallie Mae Bank CD, treasury rates
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