bank rates

Top CD Rates From Four Small Banks

All of the best CD rates are being paid by community banks and thrifts these days.

Unlike the big banks, which have received billions of dollars worth of cheap capital and loans from the federal government, the little guys need your money.

Builders Bank

A few small banks make their top-paying certificates of deposit available to savers nationwide.

But most only accept deposits from customers in the communities, or states, they serve.

The best of those local deals pay two to three times the national average and beat the best nationally-available CD rates. So they’re well worth shopping around to find.

Here are four of our favorites to give you an idea of what’s out there:

2.84% APY on a 30-month CD with a $2,500 minimum deposit from
Atlas Savings & Loan, in Brooklyn, N.Y. This offer is limited to residents of the New York City area.

2.75% APY on a 6-month CD with no minimum deposit from STC Capital Bank, which has two locations in St. Charles, Ill., a western suburb of Chicago. New accounts must be opened in person.

2.66% APY on a 12-month CD with a $1,000 minimum deposit from Quantum National Bank in Suwanee and Milton, northeast of Atlanta. Applications are accepted from Georgia residents.

2.55% APY on a 12-month CD with a $2,500 minimum deposit from Builders Bank, in Chicago. Applications are accepted from Illinois residents.

To make sure you’re getting the best deal, compare the quotes you get with the best CDs rates from scores of banks across the country.

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