bank rates

CD Rates Leaderboard For March 7, 2012

This is a great page to bookmark so you can always find the best nationally available deals on the most popular CD rates.Right now, we’re tracking 29 banks whose yields on nationally available certificates of deposit are vying for our CD Rates Leaderboard.

As we mentioned a couple of weeks ago, the rate movement from those banks has significantly slowed in 2012.

Here’s a look at the number of rate changes we’ve seen from these banks over the last couple of months in the terms we track:

  • January 2012: 55 rate changes, including four changes at the top of the Leaderboard.
  • February: 34 rate changes, including one at the top of the Leaderboard.
  • March (to date): 5 rate changes, none at the top of the Leaderboard.

Of those CD rate changes this month, four have been increases:

EverBank (www.everbank.com), a predominantly online bank based in Jacksonville, Fla., raised its 3-month CD rates from 0.50% APY to 0.55% APY. It requires a $1,000 minimum deposit.

Jacksonville Bank (www.jaxbank.com), which has five locations in northeast Florida, raised three CD rates by a tenth of a percentage point — to 1.25% APY on 24-month CDs, 1.35% APY on 36-month CDs and 1.90% APY on 60-month CDs. It requires a $1,000 minimum deposit.

It’s now been nearly a month since we’ve had a change at the top of the Leaderboard. Our last change came Feb. 9, when American Express Bank cut its CD rates, making them uncompetitive.

Banks qualify for our rankings by accepting deposits from all savers, regardless of where they live, either online or through the mail.

There are, of course, credit unions that offer better nationally available deals, which we highlight. And we regularly feature top CD rates from banks and credit unions that offer deals locally.

Here are some recent examples:

60-month CDs
Department of Commerce Federal Credit Union — 2.80% APY (available in Washington, D.C.)

Merrimack Valley Federal Credit Union — 2.50% APY (available in Massachusetts and New Hampshire.

Melrose Credit Union — 2.27% APY (available nationally)

Pacific Marine Credit Union — 2.15% APY (available in California)

Atlas Bank — 2.02% APY (available in New York)

Connexus Credit Union — 2.00% APY (available nationally)

U.S. Bank — 2.00% APY (59-month deal, available nationally)

36-month CDs
NavyArmy Community Credit Union — 2.25% APY (30-month deal, available in Texas)

Department of Commerce Federal Credit Union — 2.05% APY

Merrimack Valley Federal Credit Union — 2.00% APY

Melrose Credit Union — 1.86% APY

West Point Bank — 1.76% APY (30-month deal, available in Kentucky)

Atlas Bank — 1.56% APY

Merrimack Valley Federal Credit Union — 1.50% APY (30-month deal)

24-month CDs
Start Community Bank — 1.90% APY (27-month deal, available in Connecticut)

NavyArmy Community Credit Union — 1.75% APY

Department of Commerce Federal Credit Union — 1.65% APY

Merrimack Valley Federal Credit Union — 1.50% APY

Melrose Credit Union — 1.36% APY

Atlas Bank — 1.31% APY

12-month CDs
Start Community Bank — 1.70% APY (17-month deal)

NavyArmy Community Credit Union — 1.35% APY

Melrose Credit Union — 1.10% APY

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

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Comments (2)
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2 Existing Comments
  1. Kathy at Bankaholic said:
    on March 19th at 08:02 am

    EverBank’s 3-month rate has dropped to 0.53%, but you can still get Jacksonville Bank’s rates.

  2. Kathy at Bankaholic said:
    on April 2nd at 08:13 am

    EverBank’s rate has slipped again, to 0.51% APY.