Fortune Bank, with a single branch in suburban St. Louis, held onto the top spot in our 3-month CD rankings for the second straight month.

It continues to pay 1.25% on this certificate of deposit with a $1,000 minimum deposit.
Only six months ago TotalBank was paying a top rate of 1.85% on 3-month CDs and [...]

A couple of months ago we advised against buying long-term CDs at the bottom of a rate cycle.

The common wisdom is to go long at the top of a rate cycle and short at the bottom.
Some of our readers disagreed with that strategy, arguing that it’s possible to make more money with long-term CDs [...]

The best rates for three of the five CDs we regularly track fell over the past 10 days.
Hudson City Bank, which had the best 24- and 36-month CD rates for almost five weeks, reduced its returns and fell out of our rankings.
The Palladian Private Bank also lowered its rates and no longer offers the top-paying [...]

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 the online operation of Doral Financial Corp., which is headquartered in San Juan, Puerto Rico, and has 40 branches across the island.
The [...]

We’d have thought this scheme to sell annuities to desperate savers would have run its course by now.
But insurance agents are still advertising extraordinary CD rates to lure customers through the door.
The come-on continues to work much like it did when we first wrote about “CD Rates Too Good To Be True” in June.
We can’t [...]

The highest available CD rates on 24-month certificates of deposit have fallen for the fourth straight month.

Today’s top rate of 2.30% APY is the result of steady declines beginning with 2.60% in November to 2.50% in December to 2.40% in January — and now this.
And Hudson City Bank is the only one ranked [...]

The best CD rates slipped lower this month, with returns on most of the top-paying certificates of deposit losing about a tenth-of-a-point since the end of January.

Although Hudson City Bank continues to offer 2.80% on its industry-leading 36-month certificate of deposit, you’ll earn less on the 3-, 6-, 12- and 24-month CDs that lead our [...]

Most CD rates declined for the 16th straight month as the Federal Reserve stood by its policy to hold interest rates at record lows for the foreseeable future.
Four of the five certificates of deposit we track finished February lower than they were at the end of January.
The only exception was 5-year CDs, whose average [...]

Country Bank leapt to the top of our rankings of the best 6-month CD rates last month — and it’s still there.

The small bank with 14 branches in central Massachusetts, continues to pay 1.60% APY, with a very reasonable minimum deposit of just $500.
The downside is that you can’t open an account online. You have [...]