bank rates

CD Rates Leaderboard For January 3, 2011

Only two of the top six CD rates on our first Leaderboard of the month are lower than they were at the start of December.

The best nationally available 6-month CD rate dropped from 1.15% APY to 1.11% APY over the past month, and the leading 24-month rate fell from 1.72% APY to 1.66% APY.

That makes December a pretty good month given how dreadful the past year was for savers.

The average return on CDs declined by 25% to 40% during 2010.

Click here to read our post on the Personal Finance blog about how CDs performed last year and where rates may be headed in 2011.

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

TERM BANK RATE MIN. DEPOSIT
3-Month CDs Sanibel Captiva 0.95% APY $1,000
6-Month CDs Bank of Internet 1.11% APY $1,000
Ascencia 1.11% APY $1,000
12-Month CDs Melrose Credit Union 1.41% APY $5,000
Bank of Internet 1.41% APY $1,000
24-Month CDs Melrose Credit Union 1.66% APY $1,000
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.

Ascencia is an online division of PBI Bank based in Louisville, Ky., while Bank of Internet is an online bank based in San Diego.

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

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Comments (2)
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2 Existing Comments
  1. CrankySaver said:
    on January 4th at 12:05 pm

    No changes to the Leaderboard for Tuesday, Jan. 4. These rates are still good.

  2. CrankySaver said:
    on January 5th at 11:20 am

    No changes to the Leaderboard for Wednesday, Jan. 5. These rates are still good.