bank rates

CD Rates Leaderboard For September 21

There’s a new leader, offering just a slightly lower return, in 24-month CD rates.

Discover Bank, which held the top spot for only one week, cut its top rate of 1.80% APY to 1.75% APY today.

Although that isn’t much of reduction, it still allows Bank of Internet, an online bank based in San Diego, to move past it in our rankings by offering a return of 1.79% APY.

The best nationally available CD rates are now:

TERM BANK RATE MIN. DEPOSIT
3-Month CDs VirtualBank 0.90% APY $10,000
6-Month CDs Aurora Bank 1.17% 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 Danversbank 2.50% APY $500
60-Month CDs 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.

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

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Comments (2)
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  1. DaveT said:
    on September 21st at 02:52 pm

    Bank of Internet used to offer the best rates a few years ago. Then everyone else jumped online. Maybe they’re making a comeback.

  2. RateRunner said:
    on September 21st at 05:15 pm

    Don’t miss any of the new posts on everything from the economy to the banking industry’s latest tricks over on our Personal Finance Blog. You can always reach it by clicking on the “Finance” tab at the top of every page.