Best CD Rates
Best CD Rates Info has reviewed a good many CDs recently in our search for the highest CD rates. In this article we will highlight the best CD rates among those certificates of deposit that we have recently reviewed. Now, what qualifies for the best CD rates is more than just studying the CD interest rates, and also depends upon the length of the term and the minimum deposit. In the end, it all depends upon your individual investing needs. With that caveat, here are our picks for the best CD rates that we have reviewed so far:
10 Months: It is not often that you will find a CD with a term of less than one year that has an Annual Percentage Yield (APY) greater than 4 percent. However, that’s just what we found with this offering from IndyMac Bank. Please see our review of IndyMac Bank CD Rates for more details.
24 Months: For a 2 year CD, the CD specials at Chase Bank got our attention. If you do not mind the $10,000 minimum deposit, the 3.50 percent Annual Percentage Yield is worth checking out in our review of Chase Bank CD Rates.
30 Months: For a 30 Month CD, the Bank of America Opt-Up CD piqued our interest. This CD has an APY of 3.00 percent, and also give the depositor the option to increase the rate once after 6 months. For more details on this CD, please see our review of Bank of America CD Rates.
48 Months: With a minimum deposit of only $1,000, the 48 month CD at Washinton Mutual can be of interest to all investors. This WaMu CD has an APY of 4.25%. Please see our review of Washington Mutual CD Rates for more details.
60 Months: When it comes to a 60 month CD, it is hard to beat the 60 month CD from Wachovia Bank. This CD has an Annual Percentage Yield of 4.75 percent, one of the highest CD rates that we have reviewed. For more information, please see our full review at Wachovia CD Rates.
84 Months: We have recently become aware that Chase Bank is offering an 84 month CD Special in some areas (but apparently not all areas) with an APY of 5.00 percent. That is an impressive rate, if you don’t mind the $10,000 minimum deposit.
We do hope that you have found this review of the best CD rates helpful. As a reminder, CD rates and terms can change quickly and may vary with your region, so please visit the bank web sites to confirm the current offers available in your area.