bank rates

CD Rates Leaderboard For March 13, 2013

Five-year CD rates are back above 2% for the second time this year but for the first time in more than a month.

The National Republic Bank of Chicago today boosted yields on two terms by two-fifths of percentage point.

That rate hike moves the commercial bank’s 36- and 60-month offers to the top of the CD Rates Leaderboard.

With a $1,000 minimum deposit, it pays 1.51% APY on 36-month CDs and 2.02% APY on 60-month certificates of deposit.

Earlier this week, the Illinois bank with two branches paid just 1.61% APY, good enough to be in our rankings of top 60-month CDs, but about a quarter percentage point off the lead.

The rate boost pushes Barclays (www.banking.barclaysus.com), the online American operation of the big British bank, and Green Bank (www.greenbank.com), an eco-friendly bank with 12 Texas locations, into a tie for the second-best nationally available deal at 1.85% APY.

National Republic Bank unseats Texas-based NexBank (www.nexbank.com), which pays 1.40% APY, from the lead on 3-year CDs.

Anyone can purchase CDs from The National Republic Bank of Chicago (www.nrbchicago.com) online.

This bank last topped the Leaderboard in July 2012 with a 60-month deal about a tenth of a percentage point worse than today’s offer.

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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