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.
