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Best CD Account Rates of the Week (4/2/2012 – 4/7/2012)

cit bank cd rate

With uncertainty in the stock market and commodities, it’s good to know you can still turn to a CD account to get some safe yields. For those who don’t know, CD accounts are among the safest investments. In fact, they are insured by the FDIC from all losses. Simply check to see what the yield is on a CD and how long you have to deposit your money for – early withdrawals will result in penalties so only invest money you don’t need in the short term. Here are the best CD rates for the week of 4/2/2012 – 4/7/2012:

Top 6-Month CD Rates

  1. AloStar Bank of Commerce at 0.85% APY (compounded daily)
  2. Colorado Federal Savings Bank at 0.80% APY (compounded daily)
  3. VirtualBank at 0.80% APY (compounded daily)
  4. Ascencia, a div. of PBI Bank at 0.75% APY (compounded daily)
  5. Discover Bank at 0.75% APY (compounded daily)

Top 1-Year CD Rates

  1. Doral Bank at 1.15% APY (compounded daily)
  2. CIT Bank at 1.08% APY (compounded daily)
  3. MetLife Bank at 1.05% APY (compounded daily)
  4. Colorado Federal Savings Bank at 1.05% APY (compounded daily)
  5. AloStar Bank of Commerce at 1.03% APY (compounded daily)

Top 2-Year CD Rates

  1. CIT Bank at 1.26% APY (compounded daily)
  2. VirtualBank at 1.21% APY (compounded daily)
  3. AloStar Bank of Commerce at 1.19% APY (compounded daily)
  4. USAA at 1.15% APY (compounded monthly)
  5. Discover Bank at 1.15% APY (compounded daily)

CD account rates are subject to change. Please contact the financial institution for more information about opening an CD account. Official rates and fees may be different from what is posted here. All CD interest rates are accurate at the time of posting.


Related posts:

  1. Best Savings Account Rates of the Week (2/26/2012 – 3/3/2012)