bank rates

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.

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

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Comments (2)
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2 Existing Comments
  1. Rudy said:
    on November 4th at 10:48 pm

    Frontier Bank is not looking so good these days. Stock price in the toilet, losses piling up. I was going to take advantage of this CD rate, but am scared of what will happen if the FDIC takes it over and either the higher rate is not honored (do they do that) or my money gets in “limbo” for a while longer than I like.

  2. Monica Knott said:
    on November 6th at 11:28 am

    I had this experience with the Corus Bank which went out of business. I didn’t get all the interest money back, and the checks for my two CD’ with them came slowly.