Frontier Alone At Top Of 2-Year CD Rates

Frontier Bank is now alone at the top of our rankings of the best 24-month CD rates.

It did that by raising the best rate on its “Silver CDs” to 2.55% APY from 2.50% APY at a time most banks are lowering their returns.

But you’ll need an awfully lot of money to take advantage of Frontier’s best offer because it requires a $50,000 minimum deposit to qualify for that rate.

Don’t have that much to invest? You can do almost as well with the next best deals:

Hudson City Savings Bank continues to offer 2.50% APY with a $5,000 minimum deposit. That drops to $500 if you live near one of its branches in New Jersey, New York or Connecticut.

Frontier, which has more than 50 offices in Washington and Oregon, is paying 2.50% (up from 2.45%) with a $25,000 minimum deposit and 2.45% (up from 2.40% APY) with very reasonable $500 minimum deposit.

We might add that Frontier and Hudson City have had some of the best certificates of deposit for a while now and we can’t recall a single comment complaining about their service.

Always a good sign.

Click here to compare the best CD rates from dozens of other banks in our extensive database.

Or see exactly how much you can make at these rates with our new certificate of deposit calculator.