bank rates

2% Returns Are History For 12-Month CDs

The last bank offering 2.00% APY on a 12-month CD, Franklin Synergy Bank, dropped its yield to 1.90% APY today.

This is the first time we can recall that savers can’t earn a measly 2% on a nationally available 12-month certificate of deposit.

Two other banks offering 1.90% APY are:

The Palladian Private Bank, based in Chicago with 34 locations in 10 states. A minimum deposit of $10,000 is required.

Doral Bank Direct an online bank based in New York City. A $1,000 minimum deposit is required.

Compare these returns with the best CD rates from scores of other banks in our extensive database.

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