bank rates

Top 12-Month CD Rates Now 1.41%

With all the recent changes – for the worse – in the top CD rates, there’s something to be said about stability.

Melrose Credit Union once again has the top nationally available dealWhile others have come and gone as leaders among the six CD terms we track, Melrose Credit Union constantly seems to be flirting with or owning the best nationally available deal by doing, well, by doing nothing.

Melrose hasn’t altered its rates in more than three months.

So, when Incrediblebank’s 12-month CD rates turned out not to be all that incredibly long lasting, it came as no surprise that the new rates leader was a single-office credit union from New York City.

Melrose offers 1.41% APY on its 12-month CDs with a $5,000 minimum deposit.

That’s much better than the 0.48% APY average large banks and thrifts are offering.

The next best nationally available 12-month rates are:

1.30% APY at Ascencia, the online division of PBI Bank in Louisville, Ky., that requires a $500 minimum deposit.

1.26% APY at Bank of Internet USA, an online bank based in San Diego, Calif., that requires a $1,000 minimum deposit.

1.26% APY at Aurora Bank, which has branches in Wilmington, Del., and Jersey City, N.J., and requires a $1,000 minimum deposit.

These banks and credit unions qualify for our rankings by imposing no restrictions on who can buy their certificates of deposit, either online or through the mail.

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

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Comments (2)
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2 Existing Comments
  1. Kathy at Bankaholic said:
    on March 27th at 07:59 am

    Only Melrose is holding its rate as of March 27, 2011. Ascencia’s has slipped to 1.25% APY; Bank of Internet’s to 1.21% APY; and Aurora’s to 1.25% APY.

  2. Kathy at Bankaholic said:
    on May 25th at 07:34 am

    Melrose’s rate is still good as of May 25, 2011, but the other banks have dropped their rates. Ascencia’s is 1.25% APY; Bank of Internet’s, 1.21% APY; and Aurora’s, 1.23% APY.