bank rates

Update: Top Local CD Rates On The Rise

Two CD rates deals we recently wrote about are now even better.We keep on top of local CD rates deals long after we publish them by posting comments letting you know whether the rates are still good.

But this news calls for its own post.

We’ve found some local rates that — gasp — have increased since we recently wrote about them.

Here are two good deals that now look even better:

Massachusetts-based NUVO Bank and Trust Co. has increased its 24-month CD rates by two-tenths of a percentage point since we first wrote about its rates in April.

It’s paying 1.86% APY with a $1,000 minimum deposit.

That’s more than a tenth of a percentage point better than the best nationally available deal, offered by fellow Bay State bank Salem Five Savings Bank. (See our latest CD Rates Leaderboard.)

The other better deal comes from New York-based Atlas Bank, which actually dropped rates on its special 12- and 24-month certificates of deposit we wrote about earlier this month.

In place of that deal, the bank is offering a new special.

It’s paying 2.33% APY on 36-month CDs with a $2,500 minimum deposit.

That’s 16 basis points better than the top nationally available deal on our Leaderboard, offered by fellow Big Apple institution Melrose Credit Union.

As always, compare these returns with the best CD rates from scores of other banks in our database.

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Comments (1)
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One Existing Comment
  1. Mike at Bankaholic said:
    on June 14th at 09:17 am

    The Atlas Bank deal is still valid as of June 14, 2011, but NUVO Bank and Trust Co. has dropped its 24-month CD rates. It now has a new 9-month CD rates special paying 1.26% APY.