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Highest CD Rates August 17, 2012
 

Highest CD Rates August 17, 2012

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There haven't been any big moves in average CD rates at banks or the highest CD rates available for any certificate of deposit term. The FDIC's current national average bank CD rate for 12 month certificates of deposit is at 0.27 percent. Jumbo CD rates aren't averaging much higher at 0.29 percent.

Right now 1 year CD rates table there are banks offering rates much higher than the FDIC's national averages. CIT Bank CD rates on 1 year certificates of deposit are at 1.09 percent with an APY of 1.10 percent. Bank of Internet is also offering 1 year bank CD rates at 1.09% with an APY of 1.10 percent.

The second best CD rates on our list are from MetLife Bank and Colorado Federal Savings Bank. MetlLife Bank CD rates and Colorado FSB CD rates are both at 1.04 percent with an APY of 1.05 percent.

MetLife Bank was started by the insurance company MetLife but the insurance company is in the process of selling the division to G.E. Capital. It will be interesting to see if G.E. Capital lowers the CD rates once it takes over the bank. Even if G.E. does lower the rates it probably will hon0r any existing rates that are locked in by investors.

Highest 1 Year CD Rates



  • CIT Bank CD Rates 1.09% APY 1.10%

  • Bank of Internet Bank Rates 1.09% APY 1.10%

  • MetLife Bank CD Rates 1.04% APY 1.10%

  • Colorado Federal Savings Bank CD Rate 1.04% APY 1.05%

  • EH National Bank CD Internet Rates 1.02% APY 1.02%

  • Doral Bank CD rates 1.01% APY 1.02%


Moving onto the best CD rates on 2 year certificates of deposit we find CIT Bank has the sole spot for the best 2 year rate. Current CIT Bank CD rates on 2 year certificates of deposit are at 1.24 percent with an APY of 1.25 percent.

AbleBanking has the second highest 2 year CD rate on our list. The bank's current 24 month CD rate is at 1.19 percent with an APY of 1.20 percent. Here is a list of the top CD rates on 2 year certificates of deposit.

Best 2 Year CD Rates



  • CIT Bank CD Interest Rates 1.24% APY 1.25%

  • ableBanking CD rates 1.19% APY 1.20%

  • Doral Bank CD Interest Rates 1.18% APY 1.19%

  • Discover Bank CD Rates 1.14% APY 1.15%

  • Barclays Bank CD Rates 1.14% APY 1.15%

  • Ally Bank CD Rates 1.13% APY 1.14%


All these 2 year CD interest rates are well above the FDIC's national average 2 year rate of 0.44 percent. These rates also top the FDIC's average 2 year jumbo CD rate of 0.46 percent.

You can find the highest bank CD rates for many different certificate of deposit terms by searching our rate lists.

Author: Monica Harris
August 17th, 2012