bank rates

The CD Rates Leaderboard For August 5

Here’s where to find the best nationally available deals on 3-month to 5-year certificates of deposit.

Here's where to find the best nationally available deals on 3-month to 5-year certificates of deposit. To check the complete rankings, just click on the term you’re interested in.

3-month CD: 1.35% APY from iGObanking with a $500 minimum deposit.

6-month CD: 1.25% APY from NewDominion Bank with a $3,000 minimum deposit.

12-month CD: 1.76% APY from Melrose Credit Union with a minimum deposit of $5,000.

24-month CD: 2.02% APY from Melrose Credit Union with a minimum deposit of $5,000.

36-month CD: 2.52% APY from Melrose Credit Union with a $5,000 minimum deposit.

60-month CD: 3.29% APY from Melrose Credit Union with a $5,000 minimum deposit.

Most credit unions have membership requirements that don’t make it possible for anyone to join — and that disqualifies them from our rankings.

But Melrose has a unique open charter that allows all U.S. residents to join, regardless of where they live or work, and it only costs $1 to sign up.

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

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Comments (3)
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3 Existing Comments
  1. CrankySaver said:
    on August 5th at 10:20 am

    Don’t miss Stephen Colbert’s hilarious rant against the recently passed financial reform bill and the possible appointment of Elizabeth Warren to run the new Bureau of Consumer Financial Protection. While Colbert concedes that Warren is a “damn fine looking regulator,” he thinks she’s “clearly prejudiced against lenders.” When he brings on Rep. Barney Frank to defend “coddling consumers,” the co-author of the bill backs Warren, calling her “an extraordinarily zealous pragmatist.” You’ll find it on our Personal Finance blog, which you can always reach it by clicking on the “Finance” tab at the top of every page.

  2. CrankySaver said:
    on August 5th at 10:27 am

    Our apologies if you had trouble getting Bankaholic to work yesterday morning. We’ve flogged several members of the IT staff and they seem to have a new appreciation for the level of reliability we expect on this blog.

  3. DealMaven said:
    on August 6th at 10:32 am

    There were no changes on The CD Rates Leaderboard For August 5 when we checked this morning. We suspect that these rates will hold throughout the weekend.

    Look for a new Leaderboard update first thing Monday morning.