bank rates

CD Rates Leaderboard For Feb. 21, 2012

This is a great page to bookmark so you can always find the best nationally available deals on the most popular CD rates. We’re seeing fewer rate cuts at the top of our CD Rates Leaderboard this month than we did in January.

There were 10 Leaderboard changes last month, and some of the shifts occurred as the Federal Reserve pushed back the date it expects to increase short-term interest rates to late 2014 at the earliest.

To date in February, there have been two changes.

Of course, we’ve seen lots of little rate cuts from banks that aren’t at the top of the Leaderboard.

The latest cuts come from:

  • Ascencia (, the online division of PBI Bank in Louisville, Ky., which trimmed its 12-month CD rate from 1.02% to 1.00% APY. (The top deal on our CD Rates Leaderboard pays 1.15% APY.)
  • Ally Bank (, an online bank based in Charlotte, N.C., which cut its 36-month CD rate from 1.35% to 1.34% APY. (The top deal on our CD Rates Leaderboard pays 1.55% APY.)
  • Nationwide Bank (, an online bank owned by Nationwide Mutual Insurance Company and its affiliates, which sliced its 60-month CD rate from 1.80% to 1.75% APY. (The top deal on our CD Rates Leaderboard pays 1.95% APY.)

In all, we’ve seen 30 rate changes this month among the banks we track across the 3-, 6-, 12-, 24-, 36- and 60-month CD terms. There were 55 rate changes in January.

The most stable of the terms — at least at the top — has been the 1-year CD. The best nationally available deal has paid 1.15% APY since Sept. 30, 2011.

Today, you can get that deal from two banks:

  • Doral Bank Direct (, 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, with a $1,000 minimum deposit.
  • KeySource Commercial Bank (, with a single branch in Durham, N.C. It requires a $100 minimum deposit for CDs purchased in person, over the phone or through the mail and a $5,000 minimum to purchase CDs online.

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

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

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Comments (1)
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One Existing Comment
  1. Kathy at Bankaholic said:
    on April 3rd at 08:42 am

    Ally’s 3-year rate is now 1.30% APY, and Nationwide’s 60-month rate is 1.65% APY. The other rates are still available.