The best 36-month CD rates have fallen below 3% again and there’s no reason to think they’ll bounce back this time.

Our new rankings of the top-paying, nationally available 3-year certificates of deposit is lead by Atlantic Coast Bank, which has 11 branches in Southeast Georgia and Northeast Florida, and is paying 2.85% APY with a [...]

Flagstar Bank has been doing some really strange stuff with its 36-month CDs.
After cutting the return in half last month, the bank reversed course and announced a big increase this week to 2.35% APY.
Is there another bank in the country boosting the return on any certificate of deposit by almost a point in this lousy [...]

The New Year has begun with the best, nationally available 24-month CD rates falling below 2.50% APY.

Frontier Bank, which has 50 branches in Washington and Oregon, has reduced the return on its top-ranked “Silver CDs” from 2.50% APY to 2.45% APY.
Unfortunately you’ll still need a hefty $50,000 minimum deposit to qualify for that rate.
You [...]

TotalBank tops our rankings of the best 3-month CD rates for the sixth consecutive month.

Owned by Banco Popular Espanol SA, Spain’s third largest bank, this small Florida bank has 16 branches in the Miami area.
Although TotalBank’s current rate of 1.65% APY is substantially lower than the 2.55% APY it was offering in June, it’s four-tenths [...]

We won’t miss 2009.
The Federal Reserve’s willingness to provide commercial banks with virtually all the free money they could possibly use had devastating results on savers.
Banks didn’t need our savings and they spent the entire year slashing interest rates on certificates of deposit.
The average return on 6-month CD rates took the biggest hit, falling by [...]

You’ll find a bunch of banks offering the best deal on 12-month CDs this month.
Unfortunately, it’s a paltry 2.00% APY according to our latest rankings of the top 12-month CD rates.
That’s down from 2.25% APY in October and 2.10% APY in November. In fact, the best 12-month certificates of deposit are paying less than the [...]

The banks are pretty much the same. But the returns are worse.
That’s the sorry story of our latest rankings of the best, nationally available 24-month CD rates.
In November our top-paying banks were offering 2-year certificates of deposit for 2.60% to 2.55% APY and you only needed a $1,000 minimum deposit to qualify for the [...]

Savers struggling with record-low CD rates got no help from the Federal Reserve this week.
The Fed’s rate-setting committee renewed its pledge to keep interest rates artificially depressed for an “extended period” to ensure a strong economic recovery.
The committee acknowledged the economy has “continued to pick up” and that “deterioration in the labor market is abating” [...]

In November we agonized over the plight of 6-month CD rates.
The agony continues.
Last month’s top rate of 1.75% APY from First Century Bank was replaced by a 1.65% APY from TotalBank with a $1,000 minimum deposit.
This Miami-based bank, owned by Spain’s Banco Popular Espanol SA, has headed the 3-month CD [...]