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Slightly Higher CD Rates this Week on 1 Year Bank Certificates of Deposit
 

Slightly Higher CD Rates this Week on 1 Year Bank Certificates of Deposit

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We are happy to report on slightly higher CD rates this week as we have a new best CD rate and a major online bank increasing 12 month bank CD rates. The best CD rates on our 12 month certificate of deposit rate list moved up 1 basis point. The bank offering the highest CD rates right now on 1 year CD accounts is able Banking at 1.10 percent with an APY of 1.12 percent.

The old highest rate was from Alostar Bank of Commerce at 1.10 percent with an APY of 1.11 percent. Alostar Bank only held the top spot for about 2 months which means a few banks are increasing rates. The increases are not much but at least the top CD rates at banks are moving higher and not lower.

The best CD interest rates on our list are also more than 4 times the FDIC national average rate of 0.25 percent. In fact, the best rates on our list are also more than 4 times the FDIC average jumbo 12 month CD rate of 0.26 percent. Our top 12 month rates are also higher than the FDIC average 60 month CD rate of 0.88 percent and jumbo CD rate of 0.89 percent. Here is a quick list of the top CD rates this week:

Best CD Bank Rates



  1. AbleBanking Rate 1.10% APY 1.12%

  2. Alostar Bank of Commerce Rate 1.10% APY 1.11%

  3. CIT Bank Rate 1.09% APY 1.10%

  4. Bank of Internet Rate 1.09% APY 1.10%

  5. California First National Bank Rate 1.05% APY 1.06%

  6. NexBank Rate 1.05% APY 1.05%

  7. Ally Bank Rate 1.04% APY 1.05%

  8. Sallie Mae Bank Rate 1.04% APY 1.05%

  9. Colorado Federal Savings Bank Rate 1.04% APY 1.05%

  10. MetLife Bank Rate 1.04% APY 1.05%


All the banks listed above have certificate of deposit accounts insured by the FDIC max of $250,000. In fact, all the banks listed on our rate table have deposits insured by the FDIC.

 

Author: Stacy Everest
November 12th, 2012