Top CD Rates at Biggest US Banks

Interest rates are starting to go up on the long end while the short term rates are terribly low. Today's survey or CD rates at the largest US banks shows BofA advertises 2.25% for a 5-year CD with Citibank paying the lowest for 5-years at 2.0%.    Historical CD Rate Graphs

When we did our last survey of rates at the largest banks, a 5-year CD at the largest US Bank, Bank of America, was only 1.40%.  Chase and Citi paid 2.5% and 1.50%, respectively.  

Unfortunately, short term rates remain extremely low.  Thus, I've kept most of my "cash reserves" in high rate savings accounts with the top rate now 1.30% at American Express. See  Best Savings Account Rate Survey 

Top CD Rates at Biggest US Banks

Rank	Bank	CD Rates for $10,000 CD  - APY in % as of 3/7/11
		6- Mo	12 Mo	18-Mo	2-Yrs	3-Yrs	5-Yrs
1	Bank of America (BAC)	0.30	0.60 promo	0.45	0.65	1.01	2.25
2	JP Morgan Chase  (JPM)	0.25	0.60 13-mo	0.50	0.50	1.01	2.25
3	Citibank (C) aka Citigroup & Citicorp	0.25	0.50	0.60	0.75	1.01	2.00
4	Wells Fargo Bank (WFC)	0.10	0.15		0.65 25 Mo	0.93 33 Mo	2.15% 58 Mo
5a	HSBC Bank North America -	0.05	0.10	0.20 15-mo	0.35	0.35	0.80
5b	HSBC Online Rates	0.10	0.20	0.20 15-mo	0.35	NA	NA
	US Treasury Rates	0.15	0.22	NA	0.69	1.19	2.18

 

Click for full size chart

6-Month CD  Daily Chart