The following lists of the current national CD rates include the weekly data produced by the FDIC and the weekly survey data produced by SelectCDrates.com. The FDIC CD rates are the simple average of rates paid by U.S. depository institutions as calculated by the FDIC. The data on the best CD rates available nationally produced by SelectCDrates.com includes the top ten highest CD rates per maturity promoted by banks that make their certificates available to consumers in all 50 states.
The national CD rates published by the FDIC are used to determine rate caps for various deposit maturities and sizes for banks that are classified as less than well capitalized institutions. The FDIC then makes the data available to the general public.
The current national CD rates based on the SelectCDrates.com survey of the highest CD rates available nationally for the week of April 22, 2013 include the following terms and CD interest rates:
The three month CD rate is 0.447%.
The six month CD rate is 0.709%.
The nine month CD rate is 0.729%
The one year CD rate is 0.995%
The eighteen month CD rate is 1.013%
The two CD rate is 1.157%
The three year CD rate is 1.298%
The five year CD rate is 1.651%
The national CD rates based on the FDIC published figures include:
The three month CD rate is 0.09%.
The six month CD rate is 0.13%
The one year CD rate is 0.21%
The two CD rate is 0.34%
The three year CD rate is 0.46%.
The five year CD rate is 0.75%.
Source: fdic.gov
All institutions insured by FDIC. Rates are subject to change.
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.
The best national CD rates for the week were down slightly, on average, from the previous week. The best CD rates available nationally continue to be odd term CDs. The odd term CDs are marketed frequently by banks as promotional CDs that generally have rates above the near term standard maturity CD. The odd term bank CD offers have increased in 2010 are now frequently becoming the best bank rates in the market.
The all around best national CD rate is a traditional or standard term CD. The one year CD from Doral Bank Direct which has a yield of 1.90% is one of the best overall fixed bank savings rates available. The bank CD requires a $1,000.00 minimum deposit. Doral Bank Direct also offers a nine month term CD that has a yield of 1.40%.
A runner up or perhaps even a tie for the best national CD rate is Danversbank short term, odd month CD. Danversbank markets an online four month term CD that has an interest rate of 1.25%.
Century Bank Direct also promotes a short term, odd month CD. The bank offers a competitive 5 month CD that earns a rate of 1.10% as well as a 10 month CD that has an interest rate of 1.35%. In addition, Century Bank Direct offers a 15 month CD with an interest rate of 1.55% and a 20 month CD with a rate of 1.75%, all very competitive CD rates.
Choice Financial Bank continues to offer their 13 month term CD called the Rate Builder CD, which has a 1.65% yield and requires a $5,000.00 minimum deposit.
Apple Bank’s online channel for savings accounts and CDs offers the Grand Yield Direct 13 month CD which offers an interest rate of 1.40%. There is a $5,000.00 minimum deposit and a Grand Yield Direct Savings account is required in advance.
All bank CDs listed are safe and secure FDIC insured products. For standard CD rates available nationally and CD rates offered within certain geographic regions, view the enclosed rate tables at SelectCDrates.com.
CD interest rates are subject to change and additional conditions may apply to open these bank accounts. For current CD rates call the bank directly.
Contact numbers for the banks listed:
Century Bank Direct 1-877-444-2259
Doral Bank Direct 1-877-313-6725
Grand Yield Direct 1-800-588-5871
Danversbank 1-800-771-8200
Choice Financial 1-877-380-3623