bank rates

CD Rates Leaderboard For August 8, 2011:
How long can the last bank paying 2% on 3-year CDs hold out?

This is a great page to bookmark so you can always find the best nationally available deals on the most popular CD rates.We’ve seen a few banks reduce their interest rates this morning.

But so far there are no changes to report in the CD Rates Leaderboard.

If we had to predict the next change, it would be at the top of 36-month CD rates.

MainStreet Bank continues to offer the best nationally available rates on 3-year CDs through its new website – 2.00% APY.

(Remember that you have to click through the process to apply for an airsavings account to find the CD rates on Very annoying.)

But the next best rate is 1.80% APY from:

  • Doral Bank Direct (, the online operation of the leading community bank in Puerto Rico, with a $1,000 minimum deposit.
  • Quaint Oak Bank (, a suburban Philadelphia bank with a single location, with a $500 minimum deposit.

We rarely see that big a spread between the top rate and second best rate. And when we do, we rarely see it for very long.

So we would not be surprised to see MainStreet Bank, which has four branches in northern Virginia, adjust its return downward over the next few days.

Don’t miss yesterday’s rundown of the 10 best nationally available 24-month CD rates.

And wait until you see the great rates on certificates of deposit and money market accounts that one Nebraska bank is offering its local customers. We should have that post ready to roll this afternoon.

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: 5.00 out of 5)
One Existing Comment
  1. SeniorSaver said:
    on August 8th at 09:54 am

    You know what they say about silver linings and clouds. Maybe the downward trend will lead a bank or two to get creative and offer a great promotional deal on 2- or 3- year rates. I’ve got a slew of big bank CDs maturing next week and the week after, so I keep hoping. But then, Bernanke’s probably getting ready to deliver the knockout punch to savers. You can always count on Ben to do something really stupid.