bank rates

CD Rates Leaderboard For Dec. 12

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 had two rate changes at the top of the CD Rates Leaderboard in the last two days, although neither has resulted in a new bank taking over the top spot.

Unfortunately, both changes are rate cuts — to the 6- and 12-month terms.

Doral Bank Direct ( trimmed its top 6-month rate slightly this week, from 0.91% APY to 0.90% APY.

Doral Bank Direct is 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. It requires a $1,000 minimum deposit.

Even after the cut, this deal is a tenth of a percentage point better than the next-best nationally available offer.

As for the 1-year term, just two days after taking over the top spot on our Leaderboard, AloStar Bank of Commerce cut its rate from 1.11% APY to 1.06% APY.

AloStar is an online bank based in Birmingham, Ala. It requires a $1,000 minimum deposit.

The cut puts AloStar just one-one-hundredth of a percentage point ahead of six other banks we’re tracking that offer a 1.05% APY deal. For a list of those banks, see our earlier post.

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

Compare this return with the best CD rates from scores of banks in our extensive database.

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