bank rates

CD Rates Leaderboard For April 12, 2013

We published a post on Sunday under the headline “1 Bank Pays Above 0.50% On 3-Month CDs.”

That’s still accurate, but a couple of things under that headline have changed.

E-Loan (, which has held or tied for the lead 3-month deal on our CD Rates Leaderboard since Sept. 14, 2012, today cut its offer to 0.50% APY from 0.55% APY. Before the cut, this subsidiary of Banco Popular North America, had offered the same deal for more than a year.

The cut came on the same day one-time term leader EverBank increased its offer by a tenth of a percentage point to 0.56% APY. The Florida-based bank with 14 branches requires a $1,500 minimum deposit.

Chart showing the average and top 3-month CD rates over time.

E-Loan is tied with Texas-based NexBank ( for the second-best nationally available deal at 0.50% APY. It requires a $10,000 minimum deposit.

Three banks pay 0.45% APY:

AloStar Bank of Commerce (, which is an online bank based in Birmingham, Ala., requires a $1,000 minimum deposit.

GE Capital Retail Bank (, an online bank that is a subsidiary of GE Capital Corp., the financial services unit of the manufacturing giant, requires a $25,000 minimum deposit.

OneWest Bank (, which has 73 branches in southern California, requires a $1,000 minimum deposit.

Banks qualify for our rankings by imposing no restrictions on who can buy their certificates of deposit, either online or through the mail.

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

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