The best CD rates in Washington continue to beat the best national rates for all terms with the exception of the one year CDs.  The highest six month CD rate remains unchanged with astonishingly high interest rate of 2.84% on a seven month term promotional CD presented by Raymond Federal Bank.  This rate is head and shoulders above the best national rate set by Nexity Bank at 2.26% as well as the remaining top six month CD rates available in Washington.  Summit Bank, Pacific Crest Savings and Frontier Bank all share the next best six month CD rate at 2.15%.  North Cascades National Bank rounds this list with a six month CD that has an interest rate of 2.12%.

Banner Bank remains the holder of the best one year CD rate in Washington with a rate of 2.75% that is available on an extended 15 month term.  Two banks, Summit Bank and Business Bank, follow with one ear CDs that yield 2.65%.  Two more banks, HomeStreet Bank and Mountain Pacific Bank, have one year CDs that fall five basis points back at 2.60%.  The highest CD rates in the one year category end with the certificate of Frontier Bank that earns a rate of 2.50%.

The depth of the highest CD rates in the two year CD rate group has deepened for the week.  Raymond Federal Bank still dominates the list with a longer term, 30 month CD that earns a rate of 3.15%.  The next best two year CD rate is equivalent to the best national rate of 2.90% and is being promoted by Business Bank.  HomeStreet Bank dropped to third position with a two year CD that has a rate of 2.85%.  Summit Bank is up next with their two year CD that yields 2.75%.  North County Bank offers a two year CD at 2.70% and Pacific Crest Savings concludes the list with a two year CD rate of 2.65%.

The highest rate certificate of deposit in the five year term category remains unchanged with US Bank sitting on top with a 59 month CD that earns a rate of 3.75%.  A big step down is a five year CD offered by HomeStreet Bank that has an interest rate of 3.55%.  North Cascades National Bank and Cashmere Valley Bank share the next best rate with five year CDs that yields 3.51%.  A mere one basis point lower is the five year CD of Pacific Crest Savings that has a rate of 3.50%.  Raymond Federal Bank claims the last position with a five year CD rate of 3.36%.

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