bank rates

CD Rates Leaderboard for April 9, 2011

This week, we welcome two first-time banks to the CD Rates Leaderboard, including a new 3-month leader that hails from the Windy City.

The National Republic Bank of Chicago is offering 3-month CDs at 0.90% APY with a $1,000 minimum deposit. That beats the previous national rate leader by 0.10%.

You may purchase these CDs in person at one of National Republic’s two branches, online or through the mail.

Of course, National Republic Bank wasn’t the only bank making waves on the Leaderboard.

Tiny Quaint Oak Bank in suburban Philadelphia also broke into the Leaderboard, displacing Melrose Credit Union for the top nationally available deals on 36- and 60-Month CDs.

Here’s where to find all of the top CD rates:

3-Month CDs National Republic Bank 0.90% APY $1,000
6-Month CDs Aurora Bank 1.08% APY $1,000
12-Month CDs Melrose Credit Union 1.41% APY $5,000
24-Month CDs Melrose Credit Union 1.66% APY $5,000
36-Month CDs Quaint Oak Bank 2.20% APY $500
60-Month CDs Quaint Oak Bank 3.00% APY $500

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

Melrose is 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 banks on today’s Leaderboard are:

  • The National Republic Bank of Chicago, which has two branches in the city.
  • Aurora Bank, the former Lehman Brothers Bank, which is based in Wilmington, Del., and has a branch in Jersey City, N.J.
  • Quaint Oak Bank, which has a single office in Southampton, Pa., a suburb of Philadelphia.

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

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