We are heading into Labor Day weekend, a three day holiday for most Americans. Nothing has really changed from the highest CD rates that we are tracking. The only real change was to the 24-month certificate of deposit, which has fallen below the 2.00% level, down to 1.95% APY.
If you are looking at getting into a CD, it might be best to hold off and wait for the CD rates to increase in 2011, which is only a speculative guess and should not be taken as fact. Any long term Certificate of Deposit might be a bad idea now that rates are so low.
Always consult a certified financial adviser when making any decisions.
|*Term||Bank||September 3rd||Last Week|
|3 Month CD||iGoBanking||1.35% APY||1.35% APY|
|6 Month CD||NewDominion Bank||1.25% APY||1.25% APY|
|12 Month CD||Sallie Mae Bank||1.55% APY||1.55% APY|
|24 Month CD||NewDominion Bank||1.95% APY||2.00% APY|
|36 Month CD||Danversbank||2.50% APY||2.50% APY|
|60 Month CD||Melrose Credit Union||3.03% APY||3.03% APY|
You can always view the latest CD rates from our database of banks and other financial institutions that we follow from our CD rates page.