bank rates

ableBanking Returns With Top 1-Year CD

After a brief run at the top this spring, ableBanking cut its 12-month CD rate nearly in half to 0.65% APY.

But today, the online division of Northeast Bank in Maine put itself back in a tie for the best nationally available 1-year CD. ableBanking boosted its rate to 1.10% APY.

In all, three banks share the top spot on our CD Rates Leaderboard:

  • ableBanking (, whose parent bank operates 10 branches in Maine, requires a $1,000 minimum deposit.
  • Colorado Federal Savings Bank (, an online bank based in Greenwood Village, Colorado, requires a $5,000 minimum deposit.
  • Synchrony Bank (, an online bank formerly named GE Capital Retail Bank, requires a $25,000 minimum deposit.

ableBanking joins a crowded, competitive field. Sixteen banks pay at least 1.00% APY on 12-month CDs.

This rate increase wasn’t the only news out of this term today.

BAC Florida Bank (, which is a community bank with one location in Coral Gables that sells its products nationally through My e-BAnC, cut its rate to 1.05% APY from 1.06% APY. It requires a $500 minimum deposit.

And VirtualBank (, the online division of Sabadell United Bank, which has 23 branches in Florida and is owned by Banco Sabadell, Spain’s fourth-largest bank, nudged its rate down to 1.00% APY from 1.01% APY.

We currently track nationally available rates from 19 banks. Follow the daily changes to the best 12-month CD rates on our list.

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

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