bank rates

CD Rates Leaderboard For July 9, 2013

This is one of those bad news, good news kind of days.

Northern Bank & Trust Co. in suburban Boston has ended its nationally available deal on 18-month CDs that we wrote about last week. But now it offers a 36-month CD that pays 1.50% APY.

That’s good enough to tie for the top spot on our CD Rates Leaderboard.

You can score the same deal at Salem Five Direct, the online operation of Salem Five Bank, which has 23 Massachusetts branches.

The Northern Bank deal may be more attractive to more modest savers. It requires a $500 minimum deposit, compared with a $10,000 minimum deposit requirement at Salem Five Direct (

Northern Bank & Trust ( operates 11 branches in Middlesex County, but offers its certificates of deposit online to savers nationwide.

The yield offered by both banks represents the best nationally available bank deal we’ve seen since June 2012.

There are a just a handful of better deals on our list of the highest CD rates from credit unions and local banks.

For example, Connexus Credit Union pays 1.75% APY with a $10,000 minimum deposit. But you’ll need to have an active checking account with direct deposit at the credit union in order to purchase this certificate, which is available nationally.

In addition, there are eight local deals on our list that top the offers by Northern Bank & Trust and Salem Five Direct.

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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