bank rates

CD Rates Leaderboard For October 29

Can we be encouraged by the October Leaderboards’ CD rates?


This is the best month the Leaderboard has had since it was introduced back in June.

Most of the top rates on certificates of deposit are as good as they were on Oct. 1 – or better.

The best rate on the 24-month CD jumped to 2.25% APY from 1.79% APY, thanks to iGObanking.

The yield on the 3-month CD edged up to 0.86% APY from 0.85% APY, as Nexity Bank took the top spot from Goldwater Bank.

In fact, the only top rate that fell during the entire month was the one on the 6-month certificate, which dipped to 1.15% APY from 1.16% APY.

3-Month CDs Nexity Bank 0.86% 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 iGObanking 2.25% APY $1,000
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 imposing no restrictions on who can buy their CDs. The banks take applications over the Internet.

Melrose is one of the few credit unions in 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.)

You can fill out the application online, but you must print it and mail it in with the required documentation. Once you’ve become a member you can request an application to purchase a CD by phoning or emailing the credit union.

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

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Comments (5)
1 Star2 Stars3 Stars4 Stars5 Stars (4 votes, average: 4.75 out of 5)
5 Existing Comments
  1. Bruce Donald said:
    on October 30th at 01:10 pm

    It gives good knowledge about CD rates.

    Bruce Donald

  2. DealMaven said:
    on November 1st at 09:08 am

    CD rates on the Leaderboard for October 29 held over the weekend.

    We’ll check for changes first thing tomorrow.

  3. ciro alvino said:
    on November 1st at 11:59 am

    if i wanted to open c.d. close to $56,000 for 5 yrs. what is % i can get? what is bank pays the most?

  4. DealMaven said:
    on November 2nd at 10:40 am

    Once again, there were no changes on the CD Rates Leaderboard for October 29.

    The rates listed are the best ones available for those terms.

  5. Deal Maven said:
    on November 3rd at 09:41 am

    Same story today. The best rates are still the best rates. At least none have gone down.