Great CD Rates in America

Certificates of Deposit are almost as American as Apple Pie. Although, in this economy, I would almost take the pie. I hate to be bummer, but there isn't much exiting about these rates. It is quite depressing when we jump for joy over 1.50% CD Rates.

Our first bank is one of the internet bank granddaddy's; check-out Discover Bank. I actually have personal experience with this bank. I "discovered" them to be easy and pleasant. However, I welcome discovering other's experiences. They do have good yields and a neat graph to show your earnings over national averages. Certificate Rates are as follows: One year CD is 1.50%, 18-mos at 1.70%, a two year at 2.00% , and a 5Y at 3.00%. They have a 4-star rating from Bauer.

I apologize for next one, but I have to keep the name "secret". I actually tried looking for them in Bing and they weren't anywhere to be found. These days competitive edges help. They do have a 4-star rating from Bauer and numerous clients have placed deposits without complaint. The big bonus feature is a 90-Day early withdrawal penalty for their 5-year CD. The rate is a 2.70%. When you do the math, you'll see their 2-Year equivalent is 2.22% and the 3-year is 2.28%, both outperform most other fixed term CDs. In additionally, as long as the low rates remain entrenched, you're earning 2.70%.

The next stop brings us to Agricultural Federal Credit Union in VA. Some other good rates can be found in Virgina, but I need that advantage. Current CD Yields: 3Y at 2.45% and a 5Y at 3.05%. You do need to join an association prior to membership at the CU (unless you happen to be in their service area), but anyone in can join. They have Bauer's highest rating of 5-stars.

Okay, I'm feeling bad, here is a goodie. Keep track of Melrose Credit Union out of New York. They are not always the easiest to deal with, but when they have a top rate that makes the effort worth it. Two to three weeks ago they had 2.07% for a One year CD. The rate has since dropped to 1.50%. They allow for nationwide membership, but you can't fund the CD until they receive your application with original signatures. It is probably worth the effort of becoming a member and then checking them. When that next special comes around, you can jump on it. They also have a 5-star rating.

My mom taught me to share, so I really gave you some good ones today. Send some friends our way, will ya.

Mistakes can happen. Please verify federal insurance, rates, and ratings with any institution you are looking to make deposits with.

Here are some other rate resources:
-- Michigan CD Rates

-- FL CD Rates