bank rates

CD Rates Leaderboard For July 26, 2013

There’s a bit of a race to the top going on with 60-month CD rates.

And that’s a good thing for savers.

EverBank is the latest bank to hike its 5-year offer, taking the top spot on our CD Rates Leaderboard by the narrowest of margins.

It pays 2.06% APY with a $1,500 minimum deposit.

That beats out the 2.05% APY offer by iGObanking, the online division of Flushing Bank in New York, which claimed the best nationally available deal just last week.

With uncertainty about the Federal Reserve’s future plans to keep interest rates low and with Treasury yields on the rise, a few banks have begun boosting long-term CD rates over the last couple of weeks.

We’ll have a deeper look at this active month over the weekend in a post about the best 5-year deals.

But to give a sense of how far we’ve come in 30 days, you really need to look no further than EverBank itself. This Florida-based bank with 14 branches has changed its 60-month CD rates multiple times over the last four weeks — both a cut and several increases.

The end result is an upward swing of four-tenths of a percentage point.

Chart Showing EverBank's 30-Day CD Rate Swing

Let’s hope we see more banks take a cue from EverBank (

Banks qualify for our rankings by imposing no restrictions on who can buy their certificates of deposit, either online or through the mail.

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

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