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Archive for 1 Year CDs

Highest 12 Month CD Rates Stay At 1.55%

By BankAim · Comments (0)
Thursday, September 9th, 2010

With CD rates continuing their fall over the past few months, the 12 month CD rate has stayed at 1.55%. Not all financial sites are promoting the highest 12 month CD rate which is from Sallie Mae Bank. If you go to their certificate of deposit section you will see their graph of how much they are paying for 12 months, 36 months and 60 months which are some of the highest rates we have seen.

While most major banks and financial institutions are lowering their rates, the big student lender, Sallie Mae has stayed steady and now they are on top for the best 1 year CDs.

In February 2010 the average 12 month CD rate was sitting around 0.77% APY and now in September, is sitting around a record low of 0.61%.

Here is a list of the next best nationally available CD rates:

  • NewDominion Bank – Paying 1.51% APY with a minimum deposit of $3,000.
  • Ascencia – Paying 1.50% APY with a minimum deposit of $500.
  • Bank of Interest USA – Paying 1.48% APY with a minimum deposit of $1,000.
  • Giantbank.com – Paying 1.46% APY with a minimum deposit of $2,500.

These banks are open to anyone within the U.S.

Be sure to compare our latest CD rates from our database of banks and other financial institutions.

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Highest CD Rates In Minneapolis, MN – October 2009

By BankAim · Comments (0)
Monday, October 26th, 2009

These are the highest CD (certificate of deposit) rates for the residents of Minneapolis, Minnesota. These rates are in the form of 6 month CDs, 12 month CDs and 24 month CDs. After going through many rates from local banks and credit unions serving Minneapolis as well as the whole state of Minnesota, we found that you will find slightly higher rates from national institutions or online banks.

Remember that CD rates are ever changing, so the rates posted below may be out of date depending on the date of this article. Be sure to check out the most current CD rates from national banks.

As you may know, the longer the maturity date of a CD, the higher the interest rate you will find. Since we did not want to strictly list the highest yielding CDs, we have posted the best rates we have found for the specified time periods.

Highest 6 Month CD Rates In Minneapolis, MN:

  • People’s Bank of Commerce (Edina, MN) – promotional 7 month CD yields 1.90% APY with a minimum deposit of $5,000.
  • TruStone Financial – 6 month CD yields 1.86% APY with a minimum deposit of $500.
  • Union Bank and Trust – 6 month CD yields 1.76% APY with a minimum deposit of $10,000.

Highest 12 Month CD Rates In Minneapolis, MN:

  • TruStone Financial – 12 month CD yields 2.27% APY with a minimum deposit of $500.
  • HiWay Federal Credit Union (St. Paul, MN) – 12 month CD yields 2.10% APY with a minimum deposit of $10,000.
  • Vision Bank (Saint Louis Park, MN) – 12 month CD yields 2.07% APY with a minimum deposit of $1,000.

Highest 24 Month CD Rates In Minneapolis, MN:

  • Hudson City Savings Bank – 24 month CD yields 2.50% APY with a minimum deposit of $5,000. This is a national bank and can accept deposits from any state.
  • 1st Regents Bank (Blaine, MN) – 24 month CD yields 2.50% APY with a minimum deposit of $10,000.
  • HiWay Federal Credit Union – 24 month CD yields 2.50% APY with a minimum deposit of $5,000.

All of the above institutions are federally insured by the FDIC or NCUA. Be sure you make sure that the bank or credit union you deposit your month with is federally insured. If you live in or around Minneapolis, MN and know of better CD rates please let us know.

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