bank rates

CD Rates Leaderboard For April 19, 2012: New 12-, 24- And 60-Month CD Leaders

This is a great page to bookmark so you can always find the best nationally available deals on the most popular CD rates.The party’s over at AloStar Bank of Commerce.

Just a week after the Birmingham, Ala.-based online bank offered anniversary specials on its 12- and 24-month CD rates, it has ended its “limited-time” offer.

AloStar now pays 1.10% APY on 12-month CDs and 1.19% APY on 24-month CDs.

The rate cuts put AloStar back in line with other banks offering the most competitive rates.

It also means we have a change at the top of our CD Rates Leaderboard.

We’re also adding a bank to our rankings today, which comes in as the new leader in the 60-month term.

Here are the new leaders, offering the top nationally available band CD rates:

Doral Bank Direct and KeySource Commercial Bank both return to the top of the 12-month term with CDs that pay 1.15% APY.

Doral Bank Direct (, the online bank of Doral Bank, the leading community bank in Puerto Rico that also has five branches in northwest Florida and two in New York City, requires a $1,000 minimum deposit.

KeySource Commercial Bank ( has a single branch in Durham, N.C., and requires a $100 minimum deposit for CDs purchased in person, over the phone or through the mail; $5,000 minimum deposit if purchased online.

KeySource now has the best nationally available 24-month CD rates as well. It pays 1.25% APY.

In the 60-month term, we’ve added the State Bank of India to our list. (Thanks for the tip, SeniorSaver).

State Bank of India ( is India’s largest bank with FDIC-insured branches in California, Chicago and New York.

This deal comes from the New York branch, which pays 1.91% APY with a $5,000 minimum deposit. That just edges out the 1.90% APY offered by former term leader Jacksonville Bank.

Now, a note on State Bank of India.

We’ve found dealing with the State Bank of India to be unbelievably confusing. In the past, we’ve had difficulty confirming whether its competitive CD rates are available nationwide.

And rates at one branch often differ from rates at another branch.

And the branches don’t share a unified website. (There doesn’t appear to be a link to the California branches’ website on the State Bank of India’s New York and Chicago page. Instead, you’ll have to go to

And you must purchase CDs through the mail if you live out of state.

In short, this bank doesn’t make it particularly easy. You have been warned.

Banks qualify for our rankings by accepting deposits from all savers, regardless of where they live, either online or through the mail.

Compare these returns with the best CD rates from scores of banks in our extensive database.

Don't miss out on the next bank deal. Get the newest deals delivered straight to your inbox!

Comments (1)
1 Star2 Stars3 Stars4 Stars5 Stars (2 votes, average: 4.50 out of 5)
One Existing Comment
  1. Kathy at Bankaholic said:
    on May 7th at 09:30 am

    AloStar is now paying 1.06% APY on 12-month CDs and 1.16% APY on 24-month CDs.

    KeySource’s rates are now 0.90% APY on 12-month CDs and 1.10% APY on 24-month CDs.