bank rates

CD Rates Leaderboard For May 29, 2012: Ascencia pops back to top of 6-month CDs

This is a great page to bookmark so you can always find the best nationally available deals on the most popular CD rates.The special on 6-month CDs at Acacia Federal Savings Bank lasted a week.

The online bank owned by Acacia Life Insurance Co., based in Falls Church, Va., grabbed the top spot in our rankings of the best nationally available returns by offering 1.00% APY.

Today it cut the rate on its 6-month CDs to a miserly 0.25% APY, which is right at the average return of 0.21% for those certificates of deposit.

That returns Ascencia to the top of our CD Rates Leaderboard for 6-month CDs.

The online division of PBI Bank in Louisville, Ky., continues to pay 0.81% APY, as it has done all month.

Two other banks are close behind Ascencia and well worth considering.

EH National Bank, which has a single branch in Beverly Hills, Calif., and Colorado Federal Savings Bank, an online bank based in Greenwood Village, Colo., are paying 0.80% APY.

But there is a significant difference in minimum deposits required to obtain those top interest rates.

Ascencia ( requires savers to invest just $500, Colorado Federal ( $5,000 and EH National ( a more substantial $10,000.

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

Have you ever purchased a CD from Ascencia, EH National or Colorado Federal? Tell us about your experience — good or bad — by adding a comment to this post. You don’t have to login or sign up. Just start writing.

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One Existing Comment
  1. Kathy at Bankaholic said:
    on June 22nd at 12:16 pm

    Ascencia has raised its 6-month CD rate to 0.90% APY.