bank rates

The CD Rates Leaderboard For July 14

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, which now stands alone with the top rate.

Since April 27 Hudson City and Earthstar Bank shared the lead, but today Earthstar slashed its rates, eliminating it from the rankings.

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.

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 (2)
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2 Existing Comments
  1. Jen Stryker said:
    on July 14th at 02:00 pm

    Banks are now promoting reward programs for their debit cards in an effort to get customers to use them more often. But these programs aren’t always free. Many charge an annual fee of $25 or more. And you often have to hunt through the fine print to find those charges.

  2. DealMaven said:
    on July 15th at 10:06 am

    Once again, there are no changes on the Leaderboard. The top rates have held steady since July 1. Since the national averages on these CDs have fallen during the first two weeks of the month, we’ll settle for “no change.”