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CD Rates Leaderboard For March 26, 2013

This is not an old post, but it is a rerun.

The National Republic Bank of Chicago once again holds the best nationally available 60-month deal on our CD Rates Leaderboard.

For the third week in a row, this commercial bank with two Chicago locations has shaken up the Leaderboard with its rate changes.

This time, the bank boosted its yield on 5-year CDs by more than a tenth of a percentage point to 1.87% APY with a $1,000 minimum deposit.

That’s a bit better offer than you’ll get from the term’s former leaders, which pay 1.85% APY.

Barclays (www.banking.barclaysus.com), which is the online American operation of the big British bank, has no minimum balance requirement.

Green Bank (www.greenbank.com), which is an eco-friendly bank with 12 locations in Texas, requires a $1,000 minimum deposit.

National Republic Bank (www.nrbchicago.com) has had quite the interesting month from a rate-setting perspective. See the chart below, which shows just how up-and-down things have been for its top two certificate of deposit terms.

chart showing change in CD rates during March 2013.

The bank also boosted its 36-month CD to 1.36% APY. That isn’t quite good enough to top the Leaderboard, but it is a competitive offer.

Your smart move here: If you plan to buy a CD from this bank, know the recent track record is that rates change on Tuesday.

Meanwhile, we saw a rate cut this morning from a leader on a different term.

Doral Bank Direct cut its 6-month CD rate from 0.89% APY to 0.88% APY with a $1,000 minimum deposit. It remains the best nationally available deal in that term.

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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