bank rates

CD Rates Leaderboard For October 9

More than a week into the new month and the best nationally available CD rates are holding their own.

That’s more than we can say about the average returns on 6-, 12-, 24, 36- and 60-month CDs, which all fell to record lows in the latest Bankrate survey taken on Wednesday.

You’ve got to look for a better deal than the 0.56% APY that the average 1-year CD is paying, and certainly can’t settle for a below-average rate.

TERM BANK RATE MIN. DEPOSIT
3-Month CDs Goldwater Bank 0.85% APY $10,000
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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Comments (1)
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  1. DealMaven said:
    on October 11th at 09:30 am

    The banks are closed in honor of Columbus Day, so there were no rate changes over the weekend.

    We’ll check back tomorrow.