bank rates

CD Rates Leaderboard For December 20

I just read a story that says major banks are revamping their branches in an effort to “put the spark back in service.”

Of course they could win back many disaffected customers by just paying us more for our savings.

But that isn’t what the banks in this story are really up to – and why you won’t find any of them on our new Leaderboard.

The Associated Press says these banks are simply making a big new push to get us to buy “a wider range of services, including mortgages and wealth management.”

They’re out “to squeeze more from each customer” to make up for the credit and debit card fees the federal government no longer allows them to charge.

Oh. Ok. Now we know.

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 OneWest 1.70% APY $1,000
36-Month CDs Melrose Credit Union 2.17% APY $5,000
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.

Sanibel Captiva refers to Sanibel Captiva Community Bank, which has three branches in southwest Florida.

New York-based 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)
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2 Existing Comments
  1. DealMaven said:
    on December 21st at 10:28 am

    We checked CD rates this morning and there were no changes. We’ll do it again tomorrow.

  2. DealMaven said:
    on December 22nd at 09:49 am

    As promised, we checked the rates early today and there were no changes.

    Those top rates are still available.