bank rates

Leading 12-Month CD Rates Dip To 1.80%

First City Bank now leads our rankings of the best 12-month CD rates.

First City Bank now leads our rankings of the best 12-month CD rates

The small Florida bank with five branches in Fort Walton Beach is paying 1.80% APY with a $1,000 minimum deposit.

It replaces Doral Bank Direct, which had held the top spot since the first week of February, before cutting its return from 1.90% to 1.20%.

The other top rates on nationally available 12-month certificates of deposit are:

1.60% APY with a $10,000 minimum deposit from Golf Savings Bank, which has a single branch bank in Mountlake Terrace, Wash.

1.55% APY with a $1,500 minimum deposit from Tennessee Commerce Bank, which has one office in Franklin, Tenn.

1.55% APY with no minimum deposit from Sallie Mae Bank, the online bank owned by the big student loan lender.

1.54% APY with a minimum deposit of $1,000 from Aurora Bank, which has offices in Wilmington, Del., and Jersey City, N.J.

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

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Comments (2)
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2 Existing Comments
  1. DealMaven said:
    on May 10th at 01:45 pm

    Golf Savings dropped its rate on the 12-month CD to 1.49% APY today, dropping it out of the rankings. The other rates are still valid.

  2. josephira said:
    on May 11th at 04:19 am

    Nice Info, keep post and update.