bank rates

CD Rates Leaderboard For Jan. 25, 2011

Colorado Federal Savings Bank lowered many of its CD rates yesterday.

It cut, for example, the return on 24-month certificates of deposit from 1.55% APY to 1.50% APY, and 36-month CDs from 1.85% APY to 1.80% APY.

But the online bank based in Greenwood Village, Colo., didn’t change its rate on 6-month CDs.

As a result, Colorado Federal is now the sole leader in our rankings of the best nationally available 6-month CD rates after co-leader Aurora Bank reduced its return by the smallest possible amount – just one-hundredth of a percentage point.

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

3-Month CDs Sanibel Captiva 0.95% APY $1,000
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 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, 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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