bank rates

Earn Up To 2.8% With June’s Top CD Rates

You'll find all of the top nationally available deals on certificates of deposit.Sovereign Bank tops our latest rankings of the best 5-year CD rates.

There’s a three-way tie for the best nationally available 3-year certificate of deposit.

And MetLife Bank has the best 2-year return if you can come up with the hefty $25,000 minimum deposit.

You’ll find all of the top deals on our new CD Rates Leaderboard.

You’ll also find a new rule that went into effect today.

From now on, our rankings will only include banks.

That doesn’t mean we’re forgetting about credit unions.

Far from it.

We’ll continue to publish posts alerting you to the best CD rates at credit unions across the country.

But when you use the Leaderboard, you’ll know that these are the best nationally available CD rates with no strings attached.

No hoops to jump through in order to join. No membership fees. No requirements to open and maintain other accounts.

In practical terms, this means you’ll no longer find one of our favorite credit unions in our rankings.

Melrose Credit Union’s unique charter allows anyone to join, regardless of where they live or work and the $1 membership fee is minimal.

But even Melrose required customers to open and maintain at least $25 in a savings account to be eligible to buy some of its top-paying CDs — and that rankled some of our readers.

So here are the banks offering the best nationally available CD rates right now.

3-Month CDs Nexity Bank 0.81% APY $1,000
6-Month CDs Nexity Bank 1.12% APY $1,000
12-Month CDs Doral Bank Direct 1.40% APY $1,000
24-Month CDs MetLife Bank 1.55% APY $25,000
36-Month CDs Country Bank 2.00% APY $500
Danversbank 2.00% APY $500
NOVA Bank 2.00% APY $500
60-Month CDs Sovereign Bank 2.80% APY $500

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

To qualify for our rankings banks must sell their certificates of deposit online or through the mail to savers nationwide, and be FDIC insured.

The banks on today’s Leaderboard are:

  • Nexity Bank (, an online bank based in Birmingham, Ala.
  • Doral Bank Direct (, the online operation of the leading community bank in Puerto Rico.
  • Country Bank (, which has 14 branches in central Massachusetts.
  • Danversbank (, which has more than 30 branches in the Boston area.
  • NOVA Bank (, which has a dozen branches in the Philadelphia area.
  • Sovereign Bank (, which is owned by Spanish financial giant Santander and has 700 branches in the northeast.

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Comments (5)
1 Star2 Stars3 Stars4 Stars5 Stars (3 votes, average: 5.00 out of 5)
5 Existing Comments
  1. Jim S. said:
    on June 9th at 09:09 am

    Sorry to see you drop Melrose. Heck, $25 loaned out for a few years to get current top rates was a no brainer.

  2. Geoff Scott said:
    on June 9th at 12:38 pm

    I agree with Jim. Why drop Melrose, yet you recommend banks that Bankrate designate as * (ie “significantly below average condition”)? I know which I will choose.

  3. randall martin said:
    on June 9th at 04:25 pm

    I am going to look for another web site — dropping Melrose makes absolutely no sense. Are you in effect saying that users are too stupid to figure out what that 25.00 costs them in the long run?

  4. Bob S. said:
    on June 9th at 05:33 pm

    The value of your site just took a big hit!

  5. Peter Leinau said:
    on June 27th at 12:40 pm

    Looks like you caved to the big bank guns! Please put up an all-credit-union section so we can compare. Please? If not, why not? Not enough payola from the CU’s? Sad.