bank rates

Best 1-Year CD Rates Now 1.9% to 1.7%

It’s been more than a month since the best 12-month CD rates fell below 2%.

Now there’s only one bank still paying 1.90% APY — Doral Bank Direct with a $1,000 minimum deposit.

That's still more than twice the average return on 1-year certficates of deposit. That’s the online operation of Doral Financial Corp., which is headquartered in San Juan, Puerto Rico, and has 40 branches across the island.

The other top rates for nationally available 12-month certificates of deposit are:

1.80% APY with a $10,000 minimum deposit from Golf Savings Bank, which has 38 branches in Washington, Oregon and Idaho.

1.70% APY with a $1,000 minimum deposit from Fortune Bank, which has a single location in Arnold, Mo., southwest of St. Louis.

1.70% APY with a $2,500 minimum deposit from Tennessee Commerce Bank which has one branch in Franklin, Tenn.

The average return on these popular CDs has been slashed in half over the past year — from 1.49% at the end of February 2009 to 0.74% at the beginning of March.

Use our database of CD rates to find and compare the best deals from scores of banks.

Click here to see how much you can earn with these rates using our CD calculator.

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