bank rates

A Close Race For Top 5-Year CD Rates

The best nationally available bank deal pay 1.81% APY.If you haven’t been following 60-month CD rates closely, you might want to sit down for this one.

The top 5-year deal on our CD Rates Leaderboard has fallen to 1.81% APY.


Given that we haven’t seen 2% since Jan. 5, and that 60-month CD rates are still on the decline, I have a feeling it might be awhile before we hit that mark again.

At this point, the thought of 3% just seems plain ridiculous.

The National Republic Bank of Chicago (, which has two branches in Chicago, pays that 1.81% APY with a $1,000 minimum deposit.

Other 60-month CD rates we’re tracking:

Barclays (, which is the online American operation of the big British bank, pays 1.80% APY and has no minimum balance requirement.

Intervest National Bank (, which has a single branch in New York City and six branches in Florida, pays 1.77% APY and requires a $2,500 minimum deposit.

State Bank of India (, India’s largest bank, which has FDIC-insured branches in California, Chicago and New York, pays 1.76% APY at its New York branch and requires a $2,500 minimum deposit.

Three banks are offering 1.75% APY:

AmTrust Direct (, the online division of Cleveland-based AmTrust Bank, a division of New York Community Bank, which requires a $1,000 minimum deposit.

Discover Bank (, an online bank owned by the credit card company, which requires a $2,500 minimum deposit.

Hudson City Savings Bank (, with 130 branches in New Jersey, New York and Connecticut, which requires a $500 minimum deposit for anyone living in that tri-state area but a $5,000 minimum deposit for everyone else.

The average annual yield large big banks and thrifts are offering for the 60-month term this week is 1.12% APY.

These banks qualify for our rankings by imposing no restrictions on who can buy their certificates of deposit, either online or through the mail.

Remember, you can find better deals still at local banks and credit unions. Start by checking out our listing of the highest CD rates.

You can also compare these returns with the best CD rates from scores of banks in our extensive database.

Have you purchased a CD from one of these banks? Share your experience below by making a comment.

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Comments (1)
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One Existing Comment
  1. Kathy at Bankaholic said:
    on June 22nd at 12:22 pm

    National Republic Bank of Chicago and State Bank of India both have raised their 5-year CD rates to 1.91% APY. Intervest has dropped its rate to 1.75%, and Hudson City Savings has dropped its rate to 1.65%.