bank rates

CD Rates Leaderboard For Jan. 21, 2011

Bank of Internet USA lowered its CD rates late yesterday. Not a lot. Just a few hundredths of a percentage point.

But it was enough to knock the San Diego-based online bank from the top spot in our rankings of the best nationally available 6- and 12-month CD rates.

So you can still get some very good deals at Bank of the Internet USA – just not the very best deals.

Colorado Federal Savings Bank and Aurora Bank are now offering the top return on 6-month CDs, and it’s just one-hundredth of a point less than Bank of Internet USA was offering.

Melrose Credit Union, which had been tied with Bank of Internet USA for the best 12-month CD rate becomes the sole leader of those rankings and the top rate didn’t change.

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

3-Month CDs Sanibel Captiva 0.95% APY $1,000
6-Month CDs Colorado Federal 1.10% APY $5,000
Aurora Bank 1.10% APY $1,000
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 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.)

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

Colorado Federal is an online bank based in Greenwood Village, Colo., Aurora Bank has branches in Wilmington, Del., and Jersey City, N.J., and Salem Five Bank has 22 branches just north of Boston.

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

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