bank rates

Little Movement In Top 12-Month CD Rates

AloStar Bank of Commerce ( continues its reign over 12-month CD rates on our CD Rates Leaderboard.

The online bank based in Birmingham, Ala., pays 1.11% APY and requires a $1,000 minimum deposit.

Two banks aren’t far behind, with both offering 1.10% APY.

Bank of Internet USA (, which is a San Diego, Calif.-based online bank, requires a $1,000 minimum deposit.

CIT Bank (, the online consumer bank of CIT Group Inc., which finances small businesses and middle-market companies.

Its 12-month offering is an Achiever CD, which requires a hefty $25,000 minimum deposit but allows you to raise the rate once on this CD if the rate goes up during the term as well as to add to your deposit once.

(CIT Bank also has a standard 12-month CD that pays 1.06% APY with a $1,000 minimum deposit.)

Four banks pay 1.05% APY:

Colorado Federal Savings Bank (, an online bank based in Greenwood Village, Colo., requires a $5,000 minimum deposit.

MetLife (, the insurance giant’s online bank, requires a $25,000 minimum deposit.

NexBank (, a division of NexBank Capital Inc. with two branches in Texas, requires a $10,000 minimum deposit.

Sallie Mae Bank (, an online bank owned by the student lender with a single branch in Murray, Utah, requires a $2,500 minimum deposit.

Ally Bank (, an online bank based in Charlotte, N.C., is now paying 1.04% APY and requires no minimum deposit.

The current average annual yield offered by big banks and thrifts for the 12-month term remains 0.30% for the fifth week.

These banks qualify for our rankings by imposing no restrictions on who can buy their certificates of deposit, either online or through the mail.

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

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