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Saturday, October 24, 2009

Best CD Rates - Top CD Rates by Term

The top rate for a certificate of deposit (CD) this week is at Pentagon Federal Credit Union (fondly known as PenFed CU) where you can get a 7-year certificate that currently pays 4.00% APY.

For shorter terms, UmbrellaBank.com has a 1-year CD with a 2.06% annual percentage rate.

The one year US Treasury rate is currently 0.39%.

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities

The table below shows the best CD rates for other terms. If that table is hard to read, then try Very Best CD Rates.

Term
Date
Highest
Rate (APY)
Where?
(Click link for Full Rate Sheets)
Daily Savings
10/24/09 0.17%
Vanguard Prime Money Market Fund
Tax Exempt
10/24/09 0.15%
Vanguard Tax Exempt Money Market Fund
High Yield MM
10/24/09 1.81%
Flagstar Bank Direct
6 Months 10/24/09 1.50%
Ally Bank
1 Year
10/24/09 2.06%
UmbrellaBank.com
18 - Months
10/24/09 2.15%
MetLife Bank
2 Years
10/24/09 2.35%
Discover Bank
3 Years 10/24/09 2.35%
Discover Bank
4 Years
10/24/09 3.05%
Intervest National Bank
5 Years
10/24/09 3.50%
iGObanking
7 Years 10/24/09 4.00%
Pentagon Federal CU
10 Years 10/24/09 3.85%
Discover Bank
With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities.

Kirk Lindstrom's Investment Letter Performance

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