bank rates

CD Rates Leaderboard For Oct. 15, 2013

Nationwide Bank has increased yields on a couple of its CD terms, including a boost that’s enough to land this bank owned by the insurance company in a tie for the best nationally available 24-month CD rate.

With a $500 minimum deposit, this Ohio-based online bank pays 1.20% APY on 2-year CDs. The offer ties CIT Bank for the best deal on our CD Rates Leaderboard.

If you have the extra cash to invest, we still like CIT’s offer a bit better (www.bankoncit.com). With a $25,000 minimum deposit, this online consumer bank of CIT Group Inc., which finances small businesses and middle-market companies, allows you to add money to your account once and bump the rate once during the term.

Nationwide Bank (www.nationwide.com) has long offered competitive yields on its certificates of deposit. But rarely does it rise to the top of our rankings.

We’re keeping tabs on its 12-, 36- and 60-month CD rates as well. These offers are all good, but not great, when compared to the top nationally available deals.

Finally, keep in mind these offers from Nationwide and CIT still pay less than the best deal paid at the start of the month, when Salem Five Direct offered 1.25% APY. Two-year CDs have paid as much as 1.30% APY in 2013.

Banks qualify for our rankings by imposing no restrictions on who can buy their certificates of deposit, 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. gershon investments llc said:
    on October 16th at 10:22 am

    which banks will accept funding from llc with higher interest for 12 months cd or money market