This could be the first signs that CD rates will start increasing. One day after Sovereign Bank took the top spot for the 60 month CD term, a California based bank- Kaiser Federal Bank matched the same 3.0% APY. Kaiser Federal Bank raised its rates from 2.75% to 3.0% APY, making it a two way tie for the best available 5 year CD.
Kaiser requires a minimum of $10,000, which is much higher than Sovereigns’ minimum of just $500.
Here is a list of the top CD rates available nationally:
|*Term||Bank||February 17||December 1|
|3 Month CD||California First||0.80% APY||0.95% APY|
|6 Month CD||Metropolitan National||1.15% APY||1.15% APY|
|12 Month CD||Incrediblebank||1.45% APY||1.51% APY|
|24 Month CD||Salem 5 Bank||1.75% APY||1.76% APY|
|36 Month CD||Melrose Credit Union||2.17% APY||2.27% APY|
|60 Month CD||Sovereign Bank||3.00% APY||3.03% APY|
Be sure to get the best CD rate available by checking out our CD Rates board.