bank rates

AmTrust Direct Now Offers Best 60-Month Deal On Our CD Rates Leaderboard

This is a great page to bookmark so you can always find the best nationally available deals on the most popular CD rates.Five banks we’re watching have dropped their 60-month CD rates this week.

The good news about the latest rate cut — from Kaiser Federal Bank — is the top deal on our CD Rates Leaderboard remains at 2.25% APY.

It belongs solely to AmTrust Direct (, which offers the best nationally available deal with a $1,000 minimum deposit.

An online division owned by New York Community Bank, AmTrust also offers the top money market account in the country.

With its cut to 2.05% APY, Kaiser — which has nine branches in southern California — is no longer among the top banks we’re watching for 60-month certificates of deposit.

Here’s who is offering other top deals:

First Internet Bank of Indiana (, an online bank located in Indianapolis, pays 2.24% APY with a $1,000 minimum deposit.

Discover Bank (, an online bank owned by the credit card company , pays 2.20% APY with a $2,500 minimum deposit.

Quaint Oak Bank (, with a single location in suburban Philadelphia, pays 2.20% APY with a $500 minimum deposit.

Banks qualify for our rankings by accepting deposits from all savers, regardless of where they live, either online or through the mail.

There are a number of credit union and local deals on CD rates that offer significantly better terms than what you’ll find among the best nationally available deals. Some still pay as much as 3% APY.

And before there are further rate cuts, be sure to review our strategy for buying the CD with the longest term.

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

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Comments (4)
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4 Existing Comments
  1. Kathy at Bankaholic said:
    on September 26th at 07:58 am

    You can still get AmTrust’s and Quaint Oak’s rates, but First Internet’s is now 2.20% APY and Discover Bank’s is 2.15% APY.

  2. Kathy at Bankaholic said:
    on October 3rd at 07:52 am

    Only Quaint Oak is still offering the 2.20% APY rate quoted here. All of the others have lowered their rates. AmTrust’s is now 1.75%, First Internet Bank of Indiana’s is 2.20% and Discover’s is 2.15%.

  3. Kathy at Bankaholic said:
    on October 11th at 09:03 am

    Quaint Oak is hanging in with its 2.20% rate for the 60-month CD.

  4. Kathy at Bankaholic said:
    on October 19th at 08:43 am

    Quaint Oak’s 2.20% APY deal is still available.