bank rates

CD Rates Leaderboard For October 14

Only one of the best nationally available CD rates we track is different from when the month began – and it’s slightly higher.

Nexity Bank, the new leader in 3-month CD rates is paying 0.86% APY. Goldwater Bank, the leader entering October, continues to pay 0.85% APY.

That’s pretty amazing since the average return on certificates of deposit has continued to plummet this month.

The average returns for 3-, 12-, 24-, 36- and 60-month CDs all fell to new record lows this week. The average rate for 6-month CDs remained at the record low set the first week in October.

TERM BANK RATE MIN. DEPOSIT
3-Month CDs Nexity Bank 0.86% APY $1,000
6-Month CDs Aurora Bank 1.16% APY $1,000
12-Month CDs Melrose Credit Union 1.51% APY $5,000
24-Month CDs Bank of Internet 1.79% APY $1,000
36-Month CDs Melrose Credit Union 2.27% APY $5,000
60-Month CD Melrose Credit Union 3.03% APY $5,000


All of these banks accept online applications for certificates of deposit from customers in all 50 states.

We include Melrose in our rankings because it has a unique charter that 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 database.

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  1. DealMaven said:
    on October 15th at 02:37 pm

    No changes again today, so it will likely be good throughout the weekend.

    We’ll see what happens Monday.