The average return on 24-month CDs fell to a record low of 1.34% APY this week.
In doing so, it became the last of the five CD rates we follow on a regular basis to set a new record for miserly returns since last summer.
Indeed, the average rate on 1-year certificates of deposit also fell to [...]

The best 24-month CD rates are a little higher this month than they were in October.
Last month you could earn 2.40% APY to 2.50% APY with the top-paying, 2-year certificates of deposit. Now you earn from 2.50% APY to 2.60% APY.
That increase came in spite of the fact that the average rate on 24-month CDs [...]

A small north Florida bank has shot to the top of our rankings of the best, nationally available CD rates.
The Jacksonville Bank is now paying the best rates on three different terms:
2.60% APY on a 24-month certificate of deposit. That beats the 2.55% APY from Frontier Bank.
2.25% APY on a 12-month CD. That beats the [...]

A small bank in central Kentucky has two odd-term CD rates that are well worth considering
Century Bank Direct is paying 2.25% APY on a 15-month certificate of deposit with a $1,000 minimum deposit.
This beats the 2.10% APY you can earn with the best, nationally available 12-month CDs from Amboy Direct and UmbrellaBank.
Century Direct is also [...]

Four of the five average CD rates we track remained unchanged this week, giving savers a brief reprieve from the past year’s relentless decline.
The return on 12-month certificates of deposit was the only one to change — and of course it fell to yet another record low.
Bankrate’s weekly survey of large banks and thrifts taken [...]

Finding good deals on any certificate of deposit is a chore, but 6-month CD rates have been particularly hard hit.
Just five weeks ago, our October ranking of the best 6-month CDs was led by H&R Block Bank’s 2.00% APY.
Now Block is paying 1.00% APY.
Country Bank has cut its rate from 1.80% APY to 1.60% [...]

The Federal Reserve said it will continue to hold interest rates down for an “extended period” as CD rates reached new record lows this week.
The Fed’s rate-setting committee met on Wednesday and concluded that the weak economic recovery continues to make cheap credit more important than reasonable returns for investors.
As a result, prudent savers will [...]

Frontier Bank is now alone at the top of our rankings of the best 24-month CD rates.
It did that by raising the best rate on its “Silver CDs” to 2.55% APY from 2.50% APY at a time most banks are lowering their returns.
But you’ll need an awfully lot of money to take advantage of Frontier’s [...]

First National Community Bank has an intriguing offer that combines a high-yield checking account with attractive CD rates.
It’s paying 4.01% APY on balances of up to $25,000 in its “Maximum Earnings” checking account.
Anything over that earns a paltry 1.01% APY, which is quite typical for these kinds of accounts.
But FNCB is also [...]