bank rates

Top 12-Month CD Rates Drop To 2.00%

You’ll find a bunch of banks offering the best deal on 12-month CDs this month.

Unfortunately, it’s a paltry 2.00% APY according to our latest rankings of the top 12-month CD rates.

That’s down from 2.25% APY in October and 2.10% APY in November. In fact, the best 12-month certificates of deposit are paying less than the average 12-month CD did last December.

The best 12-month certificates of deposit are paying less than the average 12-month CD did last December.

The banks currently offering 2.00% APY nationwide are:

H&R Block Bank, owned by the income tax people, with a minimum deposit of $250.

ING Direct , the online bank of the Dutch financial giant ING, with no minimum deposit required.

Colorado Federal Savings Bank, with a single location in Greenwood Village, Col., requires a minimum deposit of $5,000.

Golf Savings Bank with 37 branches in Washington, Oregon, Idaho and Montana.

The Jacksonville Bank, which has five branches in northeast Florida, with a minimum deposit of $1,000.

Frontier Bank, which has more than 50 branches in Washington and Oregon, with a minimum deposit of $500.

See exactly how much you can make at these rates with our new certificate of deposit calculator.

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  1. DealMaven said:
    on January 4th at 09:42 am

    As of Jan. 1, 2010, both ING Direct and Frontier Bank lowered the yields they paid on 12-month CDs. ING lowered its APY from 2.00% to 1.75%, and Frontier dropped its yield to 1.95%.

    Unfortunately, this is not likely to be the last time we have to report rate decreases just days after publication.