bank rates

CD Rates Leaderboard For November 30

Sometimes we just hate being right.

As we feared, Melrose Credit Union cut the return on all of its certificates of deposit by about a tenth of a point this afternoon.

That’s caused some big changes in our rankings of the best nationally available CD rates.

Although the New York credit union lost the lead in 24-month CD rates, it remains on top in 36- and 60-month CD rates and tied for the lead in 12-month CD rates.

Sanibel Captiva Community Bank, which has three branches in southwest Florida, and Bank of Internet, an online bank based in San Diego, hold the other top spots.

Here’s where to find the top-paying CDs right now:

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 1.41% APY $5,000
Bank of Internet 1.41% APY $1,000
24-Month CDs Bank of Internet 1.72% APY $1,000
36-Month CDs Melrose Credit Union 2.17% APY $5,000
60-Month CDs Melrose Credit Union 2.93% APY $5,000

Banks and credit unions qualify for our rankings by selling their certificates of deposit online or through the mail, to savers nationwide.

Melrose Credit Union continues to be 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.)

Click here to read about our recent visit to its New York office and the secret to its great rates.

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

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  1. DealMaven said:
    on December 3rd at 01:43 pm

    Since the changes on the CD Rates Leadboard for Nov. 30 were made, there have been no further moves in either direction.

    We’ll check rates first thing Monday and see how they stand.