bank rates

CD Rates Leaderboard For November 22

Let us give thanks – for Melrose Credit Union.

This unique little savings and loan from New York is back to offering the best nationally available return on four of the six CD rates we track.

The other two spots are held by two small banks – Sanibel Captiva Community Bank, which has three branches in southwest Florida, and Bank of Internet, an online bank based in San Diego.

The big banks haven’t offered competitive, much less leading rates, since the financial crisis began in the fall of 2008.

They deserve the leftovers.

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 selling their certificates of deposit online or through the mail, to savers nationwide.

Melrose is one of the few credit unions eligible for 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 databases.

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Comments (2)
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2 Existing Comments
  1. DealMaven said:
    on November 23rd at 09:39 am

    CD rates on the Leaderboard for November 22 didn’t change this morning.

    We’ll check them again tomorrow.

  2. Craig C said:
    on November 24th at 09:24 am

    http://www.giftsforbanking.com/ is at 2% for 24 month (plus a free gift) until 11/29/10