bank rates

The CD Rates Leaderboard For July 16

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 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 (5)
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5 Existing Comments
  1. Jen Stryker said:
    on July 16th at 11:21 am

    We’ve noticed that banks are heavily promoting debit card reward programs right now. The problem is that these programs aren’t always free. Enrolling in a reward program to earn points or cash rebates often means you’re signing up for something most debit cards don’t have – an annual fee. Check out our post about this on the Personal Finance blog – which you can always reach by clicking on the “Finance” tab at the top of every page.

  2. RateRunner said:
    on July 16th at 02:58 pm

    Habib American Bank is offering 2.25% APY on 24-month CDs at its four New York area offices.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.

  3. CrankySaver said:
    on July 16th at 03:37 pm

    Bad day on Wall Street. The Dow fell 260 points after Bank of America and Citigroup reported weaker quarterly revenue and a plunge in consumer sentiment revived concerns about the economy.

  4. coolkraft said:
    on July 19th at 01:06 pm

    Habib bank requires walk in customers for their rates.

  5. RateRunner said:
    on July 19th at 03:05 pm

    Yes, that’s the difference between a local deal and a national deal. Local deals are only available to customers who live within a limited geographic area. They often require accounts to be opened in person. A national deal is available to all savers, regardless of where they live and accounts can usually be opened online.