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

 

Top CD Rates

You can often get higher than advertised rates at your local branch if you do your homework. Print out the "Highest CD Rate Survey" and bring it in with you.

Current Best CD Rate Survey by Term

If you want to negotiate for better rates at your local bank, then print out some of the advertisements showing rates advertised on your bank's competing web sites so you have proof. (Make sure the date shows on your printout so they know it is current.)

Term	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
6 Month CD	1.16%	Aurora Bank
1 Year CD	1.51%	Melrose CU & 1.49%@ Bank of Internet
1 Yr US Treasury	0.23%	US Treasury Rate Quote
18 - Month CD	1.55%	Aurora Bank
2 Year CD	1.76%	Melrose CU & 1.72% @ Aurora Bank
3 Year CD	2.27%	Melrose CU
4 Year CD	2.52%	Melrose CU
5 Year CD	3.03%	Melrose CU
5 Yr US Treasury	1.22%	US Treasury Rate Quote
7 Year CD	3.49%	PenFed CU
10 Year CD	3.00%	Discover Bank
10 Yr US Treasury	2.47%	US Treasury Rate Quote

Rates and terms may change so read the fine print and make sure you get FDIC insurance!!!!

Best CD Rates Survey

The table below shows the best CD rates for other terms.

For Larger Text: If that table is hard to read, then try Very Best CD Rates.

"Highest CD Rates Survey

Term	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Vanguard Daily	0.12%	Vanguard Prime Money Market Fund
Vanguard Tax Exempt	0.13%	Vanguard Tax Exempt Money Market Fund
FDIC Daily Savings	1.40%	Best Savings Account Rate Survey
6 Month CD	1.25%	Flagstar Bank
1 Year CD	1.55%	Sallie Mae Bank
1 Yr US Treasury	0.23%	US Treasury Rate Quote
18 - Month CD	1.70%	newDominionDIRECT
2 Year CD	1.85%	newDominionDIRECT
3 Year CD	2.40%	newDominionDIRECT
4 Year CD	2.60%	newDominionDIRECT
5 Year CD	3.00%	USAA
5 Yr US Treasury	1.44%	US Treasury Rate Quote
7 Year CD	3.92%	USAA  & 3.49% @ PenFed CU
10 Year CD	3.25%	Discover Bank
10 Yr US Treasury	2.65%	US Treasury Rate Quote

Vanguard Money Market Rates shown for Reference  

==> Current US Treasury Rates <==

Quotes:  US Treasury Rate Quotes

Graphs:  US Treasury Rates at a Glance

Make sure you read the article: Beware of Annuities

Top CD Rates

The top CD annal percentage yield (APY) this week (July 9) is at Pentagon Federal Credit Union for a 7-year certificate of deposit currently paying 3.51%.   From my survey of six months ago, this same certificate was paying 4.5%! 

The table below shows the best CD rates for other terms. If that table is hard to read, then try Very Best CD Rates.


"Highest CD Rate Survey + Current US Treasury Rates"

TermJuly 9, 2010	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Vanguard Daily	0.09%	Vanguard Prime Money Market Fund
Vanguard Tax Exempt	0.11%	Vanguard Tax Exempt Money Market Fund
FDIC Daily Savings	1.40%	Best Savings Account Rate Survey
6 Month CD	1.23%	Aurora Bank
1 Year CD	1.55%	Sallie Mae Bank & 1.50%@ Discover Bank
1 Yr US Treasury	0.29%	US Treasury Rate Quote
18 - Month CD	1.71%	Aurora Bank
2 Year CD	2.00%	Stonebridge Bank & Bank of Internet USA
3 Year CD	2.50%	newDominionDIRECT
4 Year CD	2.92%	Bank of Internet USA
5 Year CD	3.06%	Astoria Federal Savings Bank
5 Yr US Treasury	1.83%	US Treasury Rate Quote
7 Year CD	3.51%	Pentagon Federal CU aka PenFed
10 Year CD	3.50%	Discover Bank
10 Yr US Treasury	3.04%	US Treasury Rate Quote

Vanguard Money Market Rates shown for Reference  

With rates so low, banks will try to sell you their annuity products. Make sure you read my article: Beware of Annuities

Historical CD Rates: 
Click charts to see full size images

1-Month CD Daily Chart

6-Month CD Daily Chart

Related information:

• US Treasury Rates at a Glance
  
• World Stock Markets at a Glance

Top CD Rates - Best 1, 2, 3, 5, 7 & 10-yr CD Rates

Best CD Rates - CD Rate Survey by Term

The top rate for a certificate of deposit (CD) this week is at Pentagon Federal Credit Union (fondly known as PenFed CU) where you can get a 7-year certificate that currently pays 3.51% APY.

For shorter terms, Sallie Mae Bank has a 1-year CD with a 1.55% annual percentage rate.

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities

The table below shows the best CD rates for other terms.

For Larger Text: If that table is hard to read, then try Very Best CD Rates.

Highest CD Rates Survey as of June 14, 2010

Term	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Vanguard Daily	0.06%	Vanguard Prime Money Market Fund
Vanguard Tax Exempt	0.14%	Vanguard Tax Exempt Money Market Fund
FDIC Daily Savings	1.40%	Best Savings Account Rate Survey
6 Month CD	1.25%	Aurora Bank
1 Year CD	1.55%	Sallie Mae Bank & 1.51% Aurora Bank
1 Yr US Treasury	0.28%	US Treasury Rate Quote
18 - Month CD	1.75%	NOVA Bank
2 Year CD	2.00%	Bank of Internet USA
3 Year CD	2.50%	PenFed CU
4 Year CD	2.92%	Bank of Internet USA
5 Year CD	3.06%	EverBank
5 Yr US Treasury	2.07%	US Treasury Rate Quote
7 Year CD	3.51%	Pentagon Federal CU aka PenFed
10 Year CD	3.50%	Discover Bank
10 Yr US Treasury	3.29%	US Treasury Rate Quote

Vanguard Money Market Rates shown for Reference

• Easy to Read Best CD Rate Survey

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities.

The one year US Treasury rate is currently 0.28%.

• Quotes: US Treasury Rate Quotes
• Graphs: US Treasury Rates at a Glance

Highest or Best CD Rates

The best CD rate 1 year or less is 1.55% at Aurora Bank.

You can often get higher than advertised rates at your local branch if you do your homework. Print out the "Highest CD Rate Survey" and bring it in with you. Also print out some of the advertisements showing rates advertised on your bank's competing web sites so you have proof. (Make sure the date shows on your printout so they know it is current.) Bring in the survey and ask them to beat or at least meet the best advertised rate. They often will do this to keep your business or to keep you walking out the door.

The highest CD rate of any term is 3.60% at Discover Bank for a term of 10 years.

Here is the table with more rates and terms:

Highest CD Rates Survey
UST = US Treasury Bond

Term	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
6 Month CD	1.28%	Aurora Bank
1 Year CD	1.55%	Nova Bank & Aurora Bank
1 Yr UST	0.43%	US Treasury Rate Quote
18-Mo CD	1.79%	Aurora Bank
2 Year CD	2.05%	TriState Capital Direct
3 Year CD	2.50%	PenFed CU & TriState Capital Direct
4 Year CD	2.92%	Bank of Internet USA
5 Year CD	3.30%	EverBank
5 Yr UST	2.59%	US Treasury Rate Quote
7 Year CD	3.51%	Pentagon Federal CU
10 Yr CD	3.60%	Discover Bank
10 Yr UST	3.86%	US Treasury Rate Quote

If the above text is too small to read, then read it "HERE in a larger font."

Be careful when you go to your bank and ask for their best rate. They will often use that as an excuse to sell you an annuity that sounds good on the surface, but is far more profitable for them due to the higher fees.

Make sure you read the Article: Beware of Annuities

Best CD Rate Update - 4.00% APY Certificates at PenFed CD

The top rates for CDs this week are at Pentagon Federal Credit Union (fondly known as PenFed CU) for 5 and 7-year certificates of deposit that currently pay 4.00% APY.

For shorter term, Flagstar Bank, has a 1-year CD with a 3.25% annual percentage rate.

For online savings, Tennessee Commerce Bank is paying 2.30%.

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities

The table below shows the best CD rates for other terms. If that table is hard to read, then try Very Best CD Rates.

"Highest CD Rate Survey + Current US Treasury Rates"

Term	Date	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Daily Savings	6/4/09	0.42%	Vanguard Prime Money Market Fund
Tax Exempt	6/4/09	0.45%	Vanguard Tax Exempt Money Market Fund
High Yield MM	6/4/09	2.30%	Tennessee Commerce Bank in Franklin, TN
3-Month Treasury	6/4/09	0.14%	US Treasury Rates at a glance
6 Months	6/4/09	2.10%	Ally Bank
6-Month Treasury	6/4/09	0.26%	US Treasury Rates at a glance
1 Year	6/4/09	2.80%	Ally Bank
1 Year Treasury	6/4/09	0.46%	US Treasury Rates at a glance
18 - Months	6/4/09	2.72%	newDominionDIRECT.com
2 Years	6/4/09	2.75%	Ally Bank
2 Year Treasury	6/4/09	0.91%	US Treasury Rates at a glance
3 Years	6/4/09	3.50%	Pentagon Federal CU
3-Yr Treasury	6/4/09	1.49%	US Treasury Rates at a glance
4 Years	6/4/09	3.75%	PenFed Credit Union
5 Years	6/4/09	4.00%	Pentagon Federal CU
5 Yr Treasury	6/4/09	2.55%	US Treasury Rates at a glance
7 Years	6/4/09	4.00%	Pentagon Federal CU
5 Yr Treasury	6/4/09	3.30%	US Treasury Rates at a glance
10 Yr Treasury	6/4/09	3.70%	US Treasury Rates at a glance
10 Years	6/4/09	4.00%	Discover Bank
30 Yr Treasury	6/4/09	4.58%	US Treasury Rates at a glance

• Easy to Read Best CD Rate Survey
  
  
• US Treasury Rates at a Glance
  
  
• World Stock Markets at a Glance

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities.