bank rates

CD Rates Leaderboard For November 26

I’m afraid we’re beginning the holiday season with a gloomy outlook for the best nationally available CD rates.

While we haven’t seen any changes this week, a summary of economic projections released by the Federal Reserve shows how poorly the economy is performing and estimates that it could take more than six years for the unemployment rate to reach normal levels.

With an outlook like that it’s hard to imagine the Fed reversing its policy of holding interest rates at record lows anytime in 2011, and perhaps not in 2012.

Here’s where to find the top-paying certificates of deposit right now:

TERM BANK RATE MIN. DEPOSIT
3-Month CDs Sanibel Captiva 0.95% APY $1,000
6-Month CDs Bank of Internet 1.15% APY $1,000
12-Month CDs Melrose Credit Union 1.51% APY $5,000
24-Month CDs GiftsforBanking.com 2.00% APY $5,000
36-Month CDs Melrose Credit Union 2.27% APY $5,000
60-Month CDs Melrose Credit Union 3.03% APY $5,000

Banks banks and credit unions qualify for our rankings by selling their certificates of deposit online or through the mail, to savers nationwide.

The links in the Leaderboard are to our most recent, complete rankings for those terms. While all rates are valid on the day the rankings were posted some may have changed since then.

Sanibel Captiva refers to Sanibel Captiva Community Bank in Florida.

Melrose Credit Union in New York continues to be one of the few credit unions eligible for our rankings because its unique charter allows anyone to join for only $1, regardless of where they live or work. (You will also be required to hold at least $25 in a savings account.)

The deal from GiftsforBanking.com on 2-year CDs expires Monday, Nov. 29.

Compare these returns with the best CD rates from scores of other banks in our databases.

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