bank rates

CD Rates Leaderboard For November 18

iGObanking slashed its CD rates today, dropping what had been our top-ranked return on 2-year certificates of deposit from 2.00% APY to just 1.00% APY.

That means Melrose Credit Union is now offering four of the six best nationally available deals, including on 24-month CDs, by paying savers 1.76% APY with a $5,000 minimum deposit.

iGObanking also lowered the return on what had been the second-best 3-year CD rate from 2.25% APY to 1.30% APY, and what had been the third-best 5-year CD rate, from 2.70% APY to 2.00% APY.

So the online division of Flushing Savings Bank, which has 15 New York area branches, has dropped out of our rankings — at least for now.

The best nationally available CD rates as of today are:

TERM BANK RATE MIN. DEPOSIT
3-Month CDs Sanibel Captiva 0.95% APY $1,000
6-Month CDs Bank of Internet 1.15% APY $1,000
12-Month CDs Melrose Credit Union 1.51% APY $5,000
24-Month CDs Melrose Credit Union 1.76% APY $5,000
36-Month CDs Melrose Credit Union 2.27% APY $5,000
60-Month CDs Melrose Credit Union 3.03% APY $5,000

The links in the Leaderboard are to our most recent, complete rankings for those terms. While all rates are valid on the day the rankings were posted some may have changed since then.

These banks and credit unions qualify for our rankings by imposing no restrictions on who can buy their CDs either online or through the mail.

Melrose is one of the few credit unions in our rankings because its unique charter allows anyone to join for only $1, regardless of where they live or work. (You will also be required to hold at least $25 in a savings account.)

Compare these returns with the best CD rates from scores of other banks in our databas

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Comments (3)
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3 Existing Comments
  1. CandyCane said:
    on November 18th at 11:45 am

    AVOID THIS BANK LIKE THE PLAGUE!!! They dragged their feet in processing online CD applications so that they could lock savers into these lower rates posted on November 18.

  2. Sherri said:
    on November 18th at 12:01 pm

    iGO–bye-bye! Those are huge drops too.

  3. Deal Maven said:
    on November 19th at 10:51 am

    Fortunately, none of the top rates on the CD Leaderboard for Nov. 18 changed today. And they’ll likely hold over the weekend.

    We’ll check first Monday morning and let you know if any changes were made.