bank rates

CD Rates Leaderboard For Nov. 18, 2011: iGObanking’s Good Rates Gone Again

This is a great page to bookmark so you can always find the best nationally available deals on the most popular CD rates.We cautioned that iGObanking has a habit of yanking its great CD rates just as quickly as it launches them.

But less than a week? That’s awfully fast.

The online division of Flushing Savings Bank in New York has slashed its top-paying 36- and 60-month CD rates by as much as half a percentage point.

That not only drops iGObanking out of the top spot in those terms on our CD Rates Leaderboard, the cuts mean iGObanking’s rates aren’t even competitive anymore.

With a $1,000 minimum deposit, iGObanking (iGObanking.com) now pays 1.75% APY on 60-month CDs and 1.25% APY on 36-month CDs.

And that means our old term leaders are leaders once again.

Doral Bank Direct (www.doralbankdirect.com), the online division of Doral Bank, the leading community bank in Puerto Rico, which also has five branches in Florida and two in New York City, pays 1.65% APY with a $1,000 minimum deposit on 36-month CDs.

Quaint Oak Bank (www.quaintoak.com), a suburban Philadelphia bank with one branch, pays 2.20% APY with a $500 minimum deposit.

We’ve found nine other banks that pay at least 1.50% APY on 36-month CDs.

There are far fewer banks that offer CD rates that compete with Quaint Oak’s 60-month deal.

We found just four other banks that pay at least 2%.

They are:

MainStreet Bank (www.airbanking.com), a northern Virginia bank that sells its CDs nationally through its airbanking website. It pays 2.15% APY and requires a $500 minimum deposit.

Kaiser Federal Bank (www.kaiserfederal.biz), which has nine branches in southern California. It pays 2.05% APY and requires a $10,000 minimum deposit.

Country Bank (www.countrybank.com), which has 14 branches in central Massachusetts. It pays 2.00% APY and requires a $500 minimum deposit.

Hudson City Savings Bank (www.hcsbonline.com), which has 130 branches in New Jersey, New York and Connecticut. It pays 2.00% APY and requires a $500 minimum deposit for anyone living in that tri-state area, but a $5,000 minimum deposit for everyone else.

Banks qualify for our rankings by accepting deposits from all savers, regardless of where they live, 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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  1. pieinsky said:
    on November 18th at 01:07 pm

    This rate seesaw stuff is just ridiculous. Did the bank need some ready cash for something?