bank rates

CD Rates Leaderboard For Oct. 23, 2013

The best nationally available 3-year CD rates have taken a bit of a beating in the last month, with several of the top banks cutting yields.

The latest, Salem Five Direct, trimmed its 36-month CD rates by a full two-tenths of a percentage point today.

That means we have a new bank at the top of our CD Rates Leaderboard.

Intervest National Bank (, which has a single branch in New York City and six branches in Florida, pays 1.45% APY and requires a $2,500 minimum deposit.

That’s five-one-hundredths of a percentage point less than Salem Five offered before its rate cut, but still more than the top nationally available deal it paid for much of the year.

Still, we’ve also seen rate cuts in the last month at iGObanking and the Chicago branch of the State Bank of India.

One month ago, there were three banks that paid at least 1.40% APY. Now there is just one.

Speaking of Intervest, it last held a spot on the top of our Leaderboard in early 2012.

So, welcome back.

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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