Bank of Internet is based out of San Diego, CA and is paying 1.72% APY on deposits over $1,000. This is a rate they have offered since the beginning of November.

To put things into perspective, this rate is three-quarters of a point less than what was offered for the 2 year certificate of deposit last December 2009.

Here is a list of the best available 2 Year CD rates:

• Melrose Credit Union from Queens, New York at 1.66% APY with a minimum deposit of $5,000.
• Stonebridge Bank out of Philadelphia at a rate of 1.65% APY with a minimum deposit of $500.
• Discover Bank, owned by the major credit card company at a rate of 1.60% APY with a minimum deposit of $2,500.
• Colorado Federal Savings Bank from Colorado at a rate of 1.60% APY with a minimum deposit of $5,000.

We have posted these banks and credit unions because they allow anyone nationwide to open and invest in their CDs, either online, at the local branch or through the mail.

There are no requirements that would keep the average person from opening an account with these financial institutions. Unlike other credit unions, Melrose has no restrictions on who can open an account with the union. There is a $1 fee and the requirement of having a savings account funded with $25.

Be sure to compare these rates with the most up to date CD rates from our database of banks.

Keep in mind that CD rates are constantly changing and are time sensitive in nature. Be sure to check the date of this article for accuracy. You can always get the most up to date rates from our best CD rates page.

Highest 6 Month CD Rates In Denver, Colorado:

• FirsTier Bank – 6 month CD yields 1.75% APY with a minimum deposit of $1,000.
• Community Banks of Colorado – 6 month CD yields 1.60% APY with a minimum deposit of $1,000.
• Mile High Banks – 6 month CD yields 1.49% APY with a minimum deposit of $1,000.

Highest 12 Month CD Rates In Denver, Colorado:

• FirsTier Bank – 12 month CD yields 2.15% APY with a minimum deposit of $1,000.
• Community Banks of Colorado – 12 month CD yields 2.10% APY with a minimum deposit of $1,000.
• Bank of Denver – 12 month CD yields 2.07% APY with a minimum deposit of $5,000.

Highest 24 Month CD Rates In Denver, Colorado:

• Red Rocks Credit Union (Littleton, CO) – 24 month CD yields 2.73% APY with a minimum deposit of $5,000.
• FirsTier Bank – 24 month CD yields 2.50% APY with a minimum deposit of $1,000.
• Hudson City Savings Bank – 24 month CD yields 2.50% APY with a minimum deposit of $5,000. This is a national bank and will accept deposits nationwide.

All of these banks and credit unions are federally insured with either the FDIC or the NCUA. Be sure your bank or credit union is federally insured before you deposit your funds there. If you live in Denver, Colorado or in the state of Colorado and know of better CD rates, then please let us know.

To celebrate the expansion into Colorado, KeyBank is now offering a 16 month and 32 month CD special with rates of 1.75% and 2.75%. These rates are competitive to the highest cd rates of today, but the minimum deposit is $10,000, which is high compared to what is available. An example is, Discover Bank has a 2.35% rate on a 30 month CD with a minimum deposit of $2,500 and ING Direct’s 2.10% 12 month CD has no minimum deposit. These CD specials are also only available at the new Colorado branches only.

The best deal with KeyBank opening in Colorado is that they are giving out a $200 checking bonus to anyone who opens a new account at one of the new locations. You will not find the deal on its website, but can find a print ad that has been running in the Denver Post. To earn the $200 bonus all you need to do is open the account by 12/4/09 and make one debit card transaction and a combination of two direct deposits and/or automatic payments each of $100 or more by 2/5/10.