bank rates

CD Rates Leaderboard For July 17, 2012: Astoria Gives Up, Grabs Rate Lead

This is a great page to bookmark so you can always find the best nationally available deals on the most popular CD rates.New York’s Astoria Federal Savings cut one key CD rate today and boosted another.

In the end, it drops from a tie at the top of our CD Rates Leaderboard in 36-month CDs and joins the top of the board in 24-month CDs.

Astoria is tied for the best nationally available 24-month deal, with a yield of 1.25% APY.

Astoria Federal Savings (www.astoriafederal.com), which has 84 branches in Brooklyn, Queens, Nassau, Suffolk and Westchester counties, requires a $500 minimum deposit.

CIT Bank (www.bankoncit.com) also pays 1.25% APY.

CIT Bank, the online consumer bank of CIT Group Inc., which offers financing to small businesses and middle-market companies, requires a $25,000 minimum deposit.

With this certificate of deposit, you can add money to your account once as well as bump up the rate once during the term.

Astoria’s rate trim in the 36-month term (it now pays 1.25% APY for this CD as well) means Doral Bank Direct owns the top nationally available 3-year CD all by itself.

It pays 1.50% APY with a $1,000 minimum deposit.

Doral Bank (www.doralbankdirect.com) is the leading community bank in Puerto Rico. It also has five branches in northwest Florida and two in New York City.

Banks qualify for our Leaderboard rankings by accepting deposits from all savers, regardless of where they live, either online or through the mail.

We don’t include credit unions because of the restrictions they place in order to open an account.

That doesn’t necessarily make these deals any less valuable (although there are sometimes fees to join); it just means you have to jump through a few more hoops.

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

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