bank rates

CD Rates Leaderboard For December 14

First Bank Richmond, with nine branches in east-central Indiana, knocked Melrose Credit Union out of the top spot in two CD rates rankings.

Today it jumped into first place in 24-month CDs, paying 1.75% APY, versus the 1.66% APY offered by Melrose.

Yesterday it assumed top spot in the 36-month CD category offering 2.25% APY, which beat the credit union’s 1.17% APY.

It’s unusual for a small bank to offer nationally available rates, and we don’t know how long they will last, but the banks do give preference to their local customers.

A $1,000 minimum deposit is required for locals, while a hefty $10,000 is the minimum for everyone else.

The Shelbyville branch sells all its certificates of deposit to locals only.

Here’s where to find the best nationally available CD rates right now:

TERM BANK RATE MIN. DEPOSIT
3-Month CDs Sanibel Captiva 0.95% APY $1,000
6-Month CDs Aurora Bank 1.11% APY $1,000
Bank of Internet 1.11% APY $1,000
Ascencia 1.11% APY $1,000
12-Month CDs Melrose Credit Union 1.41% APY $5,000
Bank of Internet 1.41% APY $1,000
24-Month CDs First Bank Richmond 1.75% APY $10,000
36-Month CDs First Bank Richmond 2.25% APY $10,000
60-Month CDs Melrose Credit Union 2.93% APY $5,000


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

Melrose Credit Union continues to be 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.)

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

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Comments (2)
1 Star2 Stars3 Stars4 Stars5 Stars (8 votes, average: 4.75 out of 5)
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2 Existing Comments
  1. DealMaven said:
    on December 15th at 09:49 am

    There were no changes in the CD Rates Leaderboard for December 14. We’ll check again first thing tomorrow morning.

  2. DealMaven said:
    on December 16th at 09:35 am

    The top CD rates held for another day. That’s good news after all the changes we’ve seen over the last week.