bank rates

MainStreet Holds On To Top 2-Year CD

Thanks to MainStreet Bank, the top 24-month CD rates have remained unchanged since mid-July.

MainStreet, which has four branches in northern Virginia, continues to offer 1.50% APY with a $500 minimum deposit through its airbanking website (

That’s well above the 0.59% average annual yield that large banks and thrifts are paying.

And it’s a tenth of a percentage point higher than any of the other rates we’re tracking for the CD Rates Leaderboard.

The other top banks in the term are:

Aurora Bank (, with branches in Wilmington, Del., and Jersey City, N.J. It pays 1.39% APY with a $1,000 minimum deposit.

Goldwater Bank (, with a single office in Scottsdale, Ariz.. It pays 1.38% APY with a $5,000 minimum deposit.

AloStar Bank of Commerce (, the online bank based in Birmingham, Ala. It pays 1.37% APY with a $1,000 minimum deposit.

Stonebridge Bank (, with four branches in suburban Philadelphia. It pays 1.35% APY with a $500 minimum deposit.

Discover Bank (, an online bank owned by the credit card company. It pays 1.35% APY with a $2,500 minimum deposit.

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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