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
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