With most 12-month CD rates dropping like a stone, who’d have thought the best returns would be higher this month?
But they are.
Two banks offering 2.25% APY lead our October rankings of the top-paying, nationally-available 1-year certificates of deposit.
That’s up from 2.05% in our September rankings.
That increase comes despite the fact that average return on 12-month [...]

H&R Block Bank has replaced its top-paying 6-month CD special with a 90-day promotional rate.
The online bank owned by the well-known tax preparer had led our rankings of the best 6-month CD rates for more than a month by offering 2.00% APY with a $10,000 minimum deposit.
But that’s over now and H&R Block Bank has [...]

As CD rates continued their long decline this week, Wall Street traders and economists are divided on how much longer the decline will last.
Bankrate’s weekly survey of large banks and thrifts taken Oct. 14 found the average annual yield for a:
3-month CD remained at 0.41% for the second week. But that’s the lowest average since [...]

The best 24-month CD rates didn’t change over the past month even though the average return on 2-year certificates of deposit plunged to record lows.
The top rates in September ranged from 2.50% APY to 2.40% APY, exactly the same as in our new, October rankings.
The best nationally available deals on 24-month CDs are:
2.50% APY with [...]

CD rates declined this week, with the average yields on 3-month, 6-month and 12-month certificates of deposit reaching new record lows.
That’s too bad because this is a logical time to be buying short-term CDs.
Since many economists expect the Federal Reserve will end its campaign to push interest rates artificially low by next summer, you [...]

A new offer from ING Direct has claimed a top spot in our rankings of the best, nationally-available 12-month CD rates.
The American online bank of the Dutch financial giant ING is paying 2.10% APY with no minimum deposit.
Although that’s not quite as good as the 2.25% APY available MetLife Bank, you have to invest at [...]

H&R Block Bank leads our latest rankings of the best, 6-month CD rates.
The tax preparation company’s online bank is paying 2.0% APY on a 6-month CD with a $10,000 minimum deposit.
This special was scheduled to end Sept. 30, but has been extended for a few days and accounts can still be opened online.
It matches the [...]

Hudson City Savings Bank is now offering two of the best CD rates in the country.
The bank, which has dozens of branches in New Jersey, New York and Connecticut, is paying 2.50% APY on 24-month certificates of deposit and a 3.00% APY on 36-month CDs.

That beats the best deals in our most recent rankings [...]

Short-term CD rates fell more quickly in September than in August, disappointing savers who hoped the relentless decline that began with last autumn’s financial crisis might be abating.
That pushed the average return for 3-month, 6-month and 12-month certificates of deposit to new record lows during the month.
The story is a little more encouraging for longer-term [...]