bank rates

CD Rates Leaderboard For Feb. 1, 2011

An online bank making its Bankaholic debut is our new leader in 3-month CD rates.

California First National Bank is paying 0.80% APY with a $5,000 minimum deposit.

It’s based in Irvine, Calif., and is owned by the same company that runs California First Leasing Corp., which finances all sorts of high-tech business equipment.

CalFirst, as it’s often called, sells CDs online or by mail to all U.S. residents, who can make deposits by check or wire transfer.

This beats our previous leaders in 3-month CD rates – five banks that continue to pay 0.75% APY.

Here’s our updated, CD Rates Leaderboard, with all of the top nationally available returns:

TERM BANK RATE MIN. DEPOSIT
3-Month CDs California First 0.80% APY $5,000
6-Month CDs Colorado Federal 1.10% APY $5,000
12-Month CDs Melrose Credit Union 1.41% APY $5,000
24-Month CDs Salem Five Bank 1.75% APY $10,000
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.

Melrose is one of 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.)

Colorado Federal is an online bank based in Greenwood Village, Colo., while Salem Five Bank has 22 branches north of Boston.

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

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