bank rates

The CD Rates Leaderboard For July 12

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

Here's where to find the best nationally available rates on 3-month to 5-year certificates of deposit:

3-month CD: 1.00% APY from Hudson City Savings Bank and Earthstar Bank.

Hudson City requires a $5,000 minimum deposit from online applicants, but only $500 for CDs bought at its 131 branches in New York, New Jersey or Connecticut.

Earthstar, with branches in the Philadelphia area, requires a $500 minimum deposit.

6-month CD: 1.25% APY from First City Bank, which has five branches in Fort Walton Beach, Fla., and requires a $1,000 minimum deposit.

12-month CD: 1.76% APY from from Melrose Credit Union, located in Queens, N.Y., requires a minimum deposit of $5,000.

Melrose has an open charter that allows all U.S. residents to join, regardless of where they live or work. As a result, its CDs are available to all online savers.

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

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.

All of these banks are FDIC-insured, and allow investors to buy CDs online.

Melrose Credit Union is insured by the NCUA, which is the credit union equivalent of the FDIC.

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

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Comments (4)
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4 Existing Comments
  1. CrankySaver said:
    on July 12th at 04:12 pm

    Stocks rose just a little as investors prepare for companies to begin announcing second quarter earnings tomorrow.

  2. CardShark said:
    on July 12th at 04:22 pm

    A new report shows that an astounding one in every four consumers has a credit score of 599 or lower. That’s definitely subprime range, making it difficult to impossible for them to qualify for credit cards, auto loans or mortgages.

  3. RateRunner said:
    on July 12th at 04:31 pm

    Here are a couple of local deals on 24-month certificates of deposit that are still available. Habib American Bank continues to offer 2.50% APY at its two, Los Angeles-area branches and 2.25% APY at its New York-area branches.That’s more than you can earn with the best nationally available 2-year CDs.

  4. DealMaven said:
    on July 13th at 09:28 am

    We’ve checked the banks this morning, and the rates on this CD Leaderboard are still good for July 13. Melrose Credit Union continues to dominate, paying well-above-average rates in four categories.