CD Rates Leaderboard For Jan. 24, 2012: North Carolina Bank At The Top In 3 Terms

KeySource Commercial Bank has bounded onto the CD Rates Leaderboard.

The single-office bank in Durham, N.C., ties for the best nationally available 6-, 12- and 60-month CD rates, and we’re tracking its solid rates in the other standard terms.

It also has a 7-month CD special that pays 1.00% APY.

Since Intervest National Bank dropped its 60-month CD rates slightly today, KeySource Commercial Bank co-leads that term with Tennessee Commerce Bank.

Both pay 1.95% APY.

Tennessee Commerce Bank (www.tncommercebank.com), with one location in Franklin, Tenn., requires a $2,500 minimum deposit.

At KeySource, the minimum deposit is $100 for CDs purchased in person, over the phone or through the mail, but $5,000 if you buy them online.

In the 12-month term, KeySource and Doral Bank Direct offer the best nationally available deal at 1.15% APY.

Doral Bank Direct (www.doralbankdirect.com), the online bank of Doral Bank, with eight U.S. branches, requires a $1,000 minimum deposit.

In the 6-month term, KeySource shares the lead with AloStar Bank of Commerce. Both pay 0.85% APY.

AloStar Bank of Commerce (www.alostarbank.com), an online bank based in Birmingham, Ala., requires a $1,000 deposit.

KeySource Commercial Bank sells certificates of deposit to anyone in the United States over the phone, by mail and online.

(The online service has had some issues, so call the bank if you have troubles.)

Of course, local savers can also buy CDs in person at KeySource Commercial Bank’s single location, which is in downtown Durham on South Magnum Street.

Learn more about KeySource Commercial Bank at www.keysourcebank.com or call 919-383-4200.

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.