bank rates

Top 12-Month CD Rates Hold At 1.80% APY

For the seventh straight week First City Bank is offering the best 12-month CD rates.

For the seventh straight week First City Bank is offering the best 12-month <b>CD rates.

The small community bank, with five branches in Fort Walton Beach, Fla., continues to pay 1.80% APY with a $1,000 minimum deposit.

That’s more than twice the national average for 1-year certificates of deposit, which is a painfully low 0.70% this week.

The next best nationally available rates are:

1.55% APY with no minimum deposit from Sallie Mae Bank, the online bank owned by the big student loan lender.

1.54% APY with a minimum deposit of $1,000 from Bank of Internet, an online bank based in San Diego, Cal.

1.52% APY with a minimum deposit of $1,000 from Aurora Bank, which has offices in Wilmington, Del., and Jersey City, N.J.

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

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3 Existing Comments
  1. Dan said:
    on June 6th at 11:03 am

    Redneck Bank still has 1.98% money market with no minimum.

  2. Tony said:
    on June 9th at 11:08 am

    Please advise, where is Redneck Bank? Thank you.

  3. DealMaven said:
    on June 9th at 03:56 pm

    Redneck Bank is an online bank in Oklahoma, one of three banks owned by the Huckabay family. However, Redneck recently discontinued its Mega Money Market and High-Yield rewards checking accounts. On the Web site they are “Sold Out.”

    The other two banks, AmericaNet Bank and Evantage Bank, still pay 2.0% APY on their money market accounts and 4.0% APY on rewards checking.