Best CD Rates (Certificate of Deposit Rates), January 2010
The following is a list of the nationally available highest yields 12-month CD rates. In general, certificates of deposit (CDs) are great investments because your principal is protected by FDIC insurance and your interest rates are guaranteed. Moreover, you can use CD Ladder to make your CD savings more flexible and effective. You can open certificates of deposit at your local bank, but with a little more effort you can secure the best rates through online banks.
1-Year CD With Highest Interest Rate
As of 1/5/2010, the highest yield CDs are:
| Bank | Rate (APY) | Min Deposit | Details |
|---|---|---|---|
| Discover Bank CD | 1.85% | $2,500 | Choose terms from 3 months (0.75% APY) to 10 years (3.70% APY), 12-month Penalty-free CD (1.85%). |
| Ally Bank High-Yield CDs | 1.80% | $0 | Open with $0, No monthly fees, Daily compounded interest for maximum earnings, Automatic renewal at maturity, Ability to withdraw and receive earned interest as income — just let us know before the CD maturity date or by ten days after. Ten-Day Best Rate Guarantee to new and renewing CDs. |
| EverBank Yield Pledge Certificates of Deposit | 1.65% | $1,500 | Choose terms from 3 months (0.95% APY) to 5 years (3.04% APY), Low minimum of $1,500 to open your CD |
| Citibank CDs | 1.01% | $500 |
Bank Rates Search Tool
Additionally, you can use the following tool from MoneyRates.com to find the right banking product for your need.
If you are looking for different length CD and more banks, I recommend that you try MoneyAisle to help you find the best CD rates for your desired term.
Alternative Savings And Investment Options
In addition to high yield savings accounts, there are other alternatives that may work for you.
