bank rates

Best 1-Year CD Rate Back To 4-Year High

Colorado Federal Savings Bank has delivered a repeat performance, lifting the top nationally available return on 1-year CDs back to a 4-year high.

The online bank raised its 12-month yield from 1.20% to 1.35% APY today, snatching the top spot on our CD Rates Leaderboard from the previous co-leaders paying 1.30% APY.

One of those leaders was E-Loan, which dramatically raised rates in July to grab five of the Leaderboard’s top spots.

This is the first one it’s had to surrender over the past three months.

Colorado Federal requires a $5,000 minimum deposit and initially raised its 1-year rate to 1.35% APY back in late April.

Although the yield was cut to 1.20% APY by early summer, it was the first (and only) time any bank had paid that much on a 12-month certificate of deposit since June 2011.

Today’s boost also moves the top national yield three-tenths of a point higher than the post-recession low of 1.05% APY, which we endured in both 2012 and 2013.

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