bank rates

Shake-Up In 1-, 3-Year CD Rates

 Shake-Up In 1-, 3-Year CD RatesRate boosts from two banks – including one that hasn’t led a term in more than a year – means we have new additions to the top of our CD Rates Leaderboard.

Sallie Mae Bank (www.saliemae.com), the online bank of the student lender, last offered a top nationally available deal in February 2013. But today it boosted its 36-month rate by a quarter percentage point to 1.45% APY with a $2,500 minimum deposit.

That’s good enough to share the top spot for this term with Intervest National Bank (www.intervestnatbank.com), which also requires a $2,500 minimum deposit. Intervest is a community bank headquartered in New York City; it has one branch there and six branches in Clearwater and Pinellas counties in Florida.

There’s also a new co-leader on 12-month CDs after (who else?) EverBank nudged its offer from 1.06% APY to 1.07% APY. EverBank (www.everbank.com) is a primarily online bank that also has 14 Florida branches. It requires a $1,500 minimum deposit.

VirtualBank (www.virtualbank.com), the online division of Sabadell United Bank, which has 23 Florida branches, also pays 1.07% APY with a $10,000 minimum deposit. Sabadell United is owned by Banco Sabadell, Spain’s fourth-largest bank.

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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  1. Casey said:
    on May 23rd at 06:30 am

    I think it would be very beneficial if you could just post cd specials that were available to everyone instead of a small amount of please who live in the state they are offered.