bank rates

CD Rates Leaderboard For Jan. 31, 2014

For the first time in more than a month, we have a change at the top of the CD Rates Leaderboard.

The Florida-based EverBank trimmed its 60-month CD rate a bit this morning, meaning we now have a new top nationally available bank deal.

Two banks own the new top rate, 2.15% APY. That’s one one-hundredth of a percentage point less than EverBank had offered.

They are:

Barclays (, which is the online American operation of the worldwide British bank with more than $2 trillion in assets, has no minimum balance requirement.

iGObanking (, the online division of Flushing Savings Bank, which has 17 locations in New York, requires a $1,000 minimum deposit.

EverBank (, which is primarily an online bank with 14 branches in Florida, requires a $1,500 minimum deposit and now offers the third-highest rate at 2.12% APY.

There are now 12 banks that pay at least 2% APY on 60-month CDs.

We should highlight one of those banks in particular.

CIT Bank (, the online consumer bank of CIT Group Inc., which offers financing to small businesses and middle-market companies, pays 2.00% APY with a $1,000 minimum deposit on its standard 60-month CD.

But the big news – for savers with a lot of money to invest – is that CIT this week boosted its jumbo CD rate.

With a minimum deposit of $100,000, this CD pays 2.20% APY. That’s a higher rate than you’ll find with any other nationally available bank deal.

You won’t find this offer on our Leaderboard because we don’t consider jumbo rates for inclusion, but if you have a lot to invest, go take a look.

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

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