bank rates

The CD Rates Leaderboard For July 27

Two unusual credit unions that allow anyone to join, regardless of where they live or work, continue to offer almost all of the best nationally available CD rates.Two unusual credit unions that allow anyone to join, regardless of where they live or work, continue to offer almost all of the best nationally  available CD rates.

To see our most recent rankings of all the top rates for 3-month to 5-year CDs, just click on the term you’re interested in.

3-month CD: 1.40% APY from Fort Knox Federal Credit Union, headquartered in Radcliff, Ky., requires a $500 minimum deposit.

6-month CD:1.40% APY from Fort Knox Federal Credit Union, with a $500 minimum deposit.

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

24-month CD: 2.05% APY from NewDominion Bank with a $3,000 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.

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

But anyone can qualify for membership in Fort Knox by joining the American Consumer Council, right on the credit union’s web site.

Just click on “Become a member” on the home page or rate page, then “Click here to get started.” When you’re asked for “Eligibility Criteria,” use the pull-down menu to click on “AMERICAN CONSUMER COUNCIL/KENTUCKY CHAPTER.”

When you complete the application, the credit union will automatically enroll you in the consumer advocacy group and you’ll be able to buy certificates of deposit as part of the application process.

Joining the American Consumer Council is free. Joining the credit union costs $15.

Melrose has a unique open charter that allows all U.S. residents to join and membership only costs $1.

Deposits at Fort Knox and Melrose are federally insured by the National Credit Union Administration, which is the credit union equivalent of the FDIC.

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

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Comments (6)
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6 Existing Comments
  1. RateRunner said:
    on July 27th at 11:20 am

    With a stiff $25,000 minimum deposit local savers can earn 2.70% APY.Settlers bank is still offering savers in the Madison, Wisc., area a 28-month CD for 2.70% APY. That’s nearly three-quarters of a percentage point higher than the best nationally available 24-month CD rates.

  2. Jen Stryker said:
    on July 27th at 11:22 am

    They are being marketed as acount advances and peddled to customers whose paychecks are directly deposited into their checking accounts.Supposedly legitimate banks such as Wells Fargo, Fifth Third and U.S. Bank are getting into the payday loan racket. A new study by the National Consumer Law Center says they’re peddling these extremely expensive loans to customers whose paychecks are automatically deposited into their checking accounts.

  3. CrankySaver said:
    on July 27th at 11:30 am

    Southern Bank is still offering a great rate on high-yield checking accounts for residents of Missouri and Arkansas. The community bank based in Poplar Bluff, Mo., with 14 branches in southeast Missouri and northeast Arkansas, offers 5.01% APY on balances up to $25,000 to residents of those two states. That’s a quarter-point more than the the best nationally available high-yield checking accounts are paying.

  4. ratewatcherwv said:
    on July 27th at 11:56 am

    Summit Community Bank, located in Charleston,WV is currently offering a 40 month CD at 3.00%APY. With a $5,000 minimum to open, contact 304-746-4600

  5. DealMaven said:
    on July 28th at 09:53 am

    There were no changes in The CD Rates Leaderboard for July 27 today. It’s obvious that rates aren’t rising, but they’re not going down, either.

  6. DealMaven said:
    on July 29th at 10:00 am

    Same story. Different day.

    Although we saw a couple of banks further down the line cut rates, the bank and credit unions with the top rates on The CD Rates Leaderboard for July 27 haven’t changed.