bank rates

CD Rates Leaderboard For April 25, 2014

If EverBank is changing CD rates again, that must mean it’s Friday.

In fact, there’s been just one Friday in the last 14 in which EverBank, the predominately online bank based in Florida, hasn’t changed its 5-year CD rate.

Today, it boosted that rate to 2.27% APY, putting this deal back at the top of our CD Rates Leaderboard.

This CD requires a $1,500 minimum deposit.

EverBank’s current certificate of deposit offer is its best of 2014. It also offered a 2.27% APY CD in the last month of March.

EverBank slightly edges out three other 60-month certificates of deposit, all of which pay 2.25% APY:

Barclays (www.banking.barclaysus.com), which is the online American operation of the worldwide British bank with more than $2 trillion in assets, has no minimum balance requirement.

CIT Bank (www.bankoncit.com), the online consumer bank of CIT Group Inc., which offers financing to small businesses and middle-market companies, requires a $1,000 minimum deposit.

GE Capital Retail Bank (www.gecrb.com), one of two online banks, each with its own FDIC insurance, that are subsidiaries of GE Capital Corp., the financial services unit of the manufacturing giant, requires a $25,000 minimum deposit.

We’re tracking 12 banks that pay at least 2.00% APY on 60-month CDs available to all savers. There are five banks that pay at least 2.15% APY.

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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