bank rates

CD Rates Leaderboard For Feb. 17, 2011

We hope this is the beginning of a trend.

Just one day after Sovereign Bank leapt to the top of our CD Rates Leaderboard with its 3.00% APY deal on 60-month CD rates, California-based Kaiser Federal Bank is joining the fun.

It has raised its 60-month CD rates from 2.75% to 3.00% APY, putting it in a tie for the best nationally available deal.

To get this rate, Kaiser requires a minimum deposit of $10,000, a much bigger investment than what Sovereign demands.

Kaiser, which has nine branches in the Los Angeles area, was organized in 1953 as a credit union for employees of Kaiser Permanente, a major health provider in California. A decade ago, it became a federally chartered bank that is FDIC-insured.

Here’s where to find all of the best nationally available CD rates:

TERM BANK RATE MIN. DEPOSIT
3-Month CDs California First 0.80% APY $5,000
6-Month CDs Metropolitan National 1.15% APY $1,000
12-Month CDs Incrediblebank 1.45% APY $10,000
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 Sovereign Bank 3.00% APY $500
Kaiser Federal Bank 3.00% APY $10,000


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 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.)

The other banks on today’s Leaderboard are:

  • California First National Bank, an online bank based in Irvine, Calif.
  • Incrediblebank, the online division of River Valley Bank, based in Wausau, Wis.
  • Metropolitan National Bank, which has three branches in Manhattan and one in Brooklyn.
  • Salem Five, which has 22 branches north of Boston.
  • Sovereign Bank, based in Wyomissing, Pa., with more than 700 branches in eight East Coast states.

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

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