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Compare FDIC Insured CD Rates as High as 5%

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High Interest 1 Yr CD Rates

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Institutions

Date

Rate

APY

Minimum Deposit

Advertiser Comments

Ally Bank

Midvale, UT

09/02/10

1.43

1.44

Always competitive rates. No monthly fees. Member FDIC.

Aurora Bank, FSB

Wilmington, DE

09/02/10

1.42

1.43

$1,000

Apply now! Bankrate.com TOP TIER Award winner. FDIC Insured.

VirtualBank

Palm Beach Gardens, FL

09/02/10

1.40

1.41

$10,000

Apply now to open an account at a competitive rate! Member FDIC.

newdominionDIRECT.com
Charlotte, NC

09/02/10

1.49

1.51

$3,000

Ascencia, a div. of PBI Bank
Louisville, KY

09/02/10

1.49

1.50

$500

Bank of Internet USA
San Diego, CA

09/02/10

1.47

1.48

$1,000

giantbank.com
Ft. Lauderdale, FL

09/02/10

1.45

1.46

$2,500

Nationwide Bank
Columbus, OH

09/02/10

1.44

1.45

$500

Discover Bank
New Castle, DE

09/02/10

1.44

1.45

$2,500

Goldwater Bank
Scottsdale, AZ

09/02/10

1.42

$10,000

Nexity Bank
Birmingham, AL

09/02/10

1.41

1.42

$1,000

Woodlands Commercial Bank
Salt Lake City, UT

09/02/10

1.41

1.42

$2,500

AIG Bank
Wilmington, DE

09/02/10

1.40

1.41

$2,500

Excel National Bank
Beverly Hills, CA
NR

09/02/10

1.39

1.40

$10,000

OneWest Bank, FSB
Pasadena, CA
NR

09/02/10

1.29

1.30

$5,000

National Bank of Kansas City
Overland Park, KS

09/02/10

1.24

1.25

$10,000

NBC Bank
Tulsa, OK

09/02/10

1.25

$1,000

California First National Bank
Irvine, CA

09/02/10

1.19

1.20

$5,000

Main Street Bank
Kingwood, TX

09/02/10

1.19

1.20

$10,000

American Bank
Allentown, PA

09/02/10

1.19

1.20

$500

BankDirect
Dallas, TX

09/02/10

1.10

1.11

$10,000

State Farm Bank
Bloomington, IL

09/02/10

1.10

1.11

$500

NOVA Bank
Philadelphia, PA

09/02/10

1.04

1.05

$500

First Internet Bank of Indiana
Indianapolis, IN

09/02/10

1.00

$1,000

Domestic Bank
Cranston, RI

09/02/10

0.90

$500

Allstate Bank
Northbrook, IL

09/02/10

0.85

$1,000

E-LOAN
Pleasanton, CA

09/02/10

0.85

$10,000

Heritage Bank, N.A.
Phoenix, AZ

09/02/10

0.80

$5,000

Transportation Alliance Bank
Ogden, UT

09/02/10

0.75

$1,000

Lone Star Bank
Houston, TX

09/02/10

0.75

$1,000

Colorado Federal Savings Bank
Greenwood Village, CO

08/31/10

1.44

1.45

$5,000

Intervest National Bank
New York, NY

08/31/10

1.17

1.18

$2,500

Metropolitan National Bank
New York, NY

08/31/10

0.90

$2,500

Centennial Bk
Fountain Valley, CA

08/31/10

0.75

$10,000

First NB of Baldwin County
Foley, AL

08/30/10

1.25

$500

Pacific Mercantile Bank
Costa Mesa, CA

08/30/10

0.94

$10,000

Contacting Lenders
If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the lender you choose, please click here. Many lenders have different rates on their own Websites than those posted on Bankrate.com. In order to get the Bankrate.com rate, please identify yourself as a Bankrate.com customer.

The rates above were collected by Bankrate.com on the dates specified. Rates are subject to change without notice and may vary from branch to branch. Rate/APR and terms may vary based on the creditworthiness of the individual and the extent to which the loan differs from the one used for Bankrate.com quotes. For criteria used in surveys of rates above, click here. These quotes are from banks, thrifts, and brokers, some of whom have paid for a link to their own Web site, where you can find additional information.

From Bankate.com

CD Rates, The Basics

A certificate of deposit or CD is similar to a savings accounts in that they are FDIC or NCUA insured up to $100K or $200K for a joint account, which makes them basically risk free up to $100K. CD rates are typically much higher than savings account or money market rates. Many consumers divide their money into multiple CD's with multiple banks to give them the greatest protection against bank failure. They are different from savings accounts in that the money that is saved in the CD is intended to stay in the CD for a specific period of time. Time periods typically vary from 6 months to 5 years. Longer fixed periods have higher CD rates. At the end of the maturity period the CD can be withdrawn along with the accrued interest.

In exchange for keeping the money on deposit for the agreed-on term, CD rates are typically higher than accounts from which money may be withdrawn on demand. Fixed CD rates are common, but some institutions offer CDs with various forms of variable CD rates.

Things to Know When Shopping CD Rates

A larger principal should receive a higher CD rate.

A longer term should receive a higher CD rate

Smaller banks and credit unions tend to offer higher CD rates.

Personal CD accounts generally receive higher CD rates than business CD accounts.

Closing a CD

Withdrawing money before the CD has matured is usually not a good idea, as there are substantial penalties. For example, a 5 year CD, usually has a loss of six months' interest penalty.

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