bank rates

Best 12-Month CD Rates Hold Firm This Fall

You can earn from 1.40% to 1.51% APY with the best nationally available 12-month CD rates.

One of the top players dropped out of our rankings — H&R Block Bank slashed its return from 1.50% APY to 1.15% APY.
Our leaders are paying exactly what they were in late September, which is probably all savers can hope for in a tough market that has seen the top 1-year CD rates fall three-quarters of a point over the past year.
But our current leaders are paying exactly what they were in late September, which is probably all savers can hope for in a tough market that has seen the top 1-year CD rates fall three-quarters of a point over the past year.

Melrose Credit Union, which has single office in Queens, N.Y., continues to pay 1.51% APY with a $5,000 minimum deposit.

Bank of Internet, an online bank based in San Diego, is still paying 1.48% APY with a $1,000 minimum deposit.

The next best nationally available rate is 1.40% APY available from:

Ascencia, the online division of PBI Bank in Louisville, Ky., with a $500 minimum deposit.

giantbank.com, the online division of Landmark Bank in Ft. Lauderdale, Fla., with a $2,500 minimum deposit.

Sallie Mae Bank, owned by the big student loan lender, with no minimum deposit required.

NewDominion Bank, a predominantly online bank with branches Charlotte and Mooresville, N.C., with a minimum deposit of $3,000.

These banks and credit unions qualify for our rankings by imposing no restrictions on who can buy their CDs, and all take applications over the Internet.

We include Melrose in our rankings because it has a unique charter that allows anyone to join for just $1, regardless of where they live or work. (You also must open a savings account with at least a $25 balance.)

Click here to compare these deals with the best CD rates from dozens of other banks in our database.

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  1. CrankySaver said:
    on October 25th at 03:41 pm

    A new study shows the rich control a much larger portion of the nation’s wealth than we think they do – or should. It asked thousands of
    Americans how they think wealth in this country is distributed.
    Respondents estimated that the wealthiest 20% of all Americans control 59% of the nation’s wealth. In reality, they own around 84%.
    Don’t miss this or any of the other recent posts on our Personal Finance Blog, which you can reach by clicking on the “Finance” tab at the top of every page.