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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