bank rates

CD Rates Leaderboard For June 21, 2012: Two Banks Tie For Best 5-Year CD

This is a great page to bookmark so you can always find the best nationally available deals on the most popular CD rates.For the first time in four months, The National Republic Bank of Chicago has changed its 60-month CD rates.

In a bit of good news, this bank raised its yield by a tenth of a percentage point to 1.91% APY.

That puts National Republic in a tie for the top nationally available deal on our CD Rates Leaderboard.

National Republic Bank (www.nrbchicago.com) has two branches in Chicago and requires a $1,000 minimum deposit. You can open these certificates of deposit online.

State Bank of India (www.statebank.com) is the other bank offering this top rate, but you’ll need a $2,500 minimum deposit to purchase a certificate of deposit. It has FDIC-insured branches in California, Illinois and New York, but this deal is only available through the New York branch.

National Republic also hiked rates in other terms, making its CDs more competitive with the other top banks on our Leaderboard.

It pays:

  • 0.95% APY on 12-month CDs. The top deal pays 1.15% APY.
  • 1.16% APY on 24-month CDs. The top deal pays 1.25% APY.
  • 1.41% APY on 36-month CDs. The top deal pays 1.55% APY.

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.

Have you ever purchased a CD from National Republic Bank of Chicago? Share your experience below by making a comment.

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  1. Kathy at Bankaholic said:
    on July 16th at 07:59 am

    State Bank of India’s New York branch has cut its 60-month rate to 1.86% APY.

    National Republic’s rates are all still available.