CD Rates

GLOSSARY:

• CD rates
• Certificate of deposit
• CD calculator
• 24-month CDs

More Terms

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Whether you have $1 or $10,000 to deposit, you're eligible to purchase the top nationally available 24-month CD rates.

That's because American Express Bank has an unusual policy regarding its certificates of deposit: It makes no minimum deposit requirement.

So, no matter how much you can invest, you can take advantage of the best CD rates available to savers nationwide from this online bank owned by the credit card company.

It pays 1.30% APY on 24-month CDs.

That's more than three-quarters of a percentage point better than the national average for 24-month CD rates -- 0.51% APY, according to our most recent survey of banks and thrifts.

As of Feb. 03, 2012, eight other banks offer CD rates of at least 1.18% APY:

CIT Bank, the online consumer bank of CIT Group, Inc., which offers financing to small businesses and middle market companies, pays 1.26% APY with a $25,000 minimum deposit.

CIT gives you the option of increasing your rate and adding additional funds once during the CD term.

Broadway Federal Bank, which has three branches in Los Angeles and Inglewood, Calif., pays 1.26% APY with a $500 minimum deposit.

KeySource Commercial Bank, which has a single branch in Durham, N.C., pays 1.25% APY. If you open a CD in person over the phone or through the mail, the minimum deposit is $100; CDs purchased online require a $5,000 minimum deposit.

Virtual Bank, the online division of Sabadell United Bank, based in Miami, pays 1.21% APY with a $10,000 minimum.

USAA, a diversified financial company based in San Antonio, pays 1.20% APY with a $1,000 minimum.

Nationwide Bank, an online bank owned by Nationwide Mutual Insurance Company and its affiliates, pays 1.20% APY and has a $500 minimum.

AloStar Bank of Commerce, an online bank based in Birmingham, Ala., pays 1.19% APY with a $1,000 minimum.

Pacific Mercantile Bank, which has seven branches in southern California, pays 1.18% APY with a $10,000 minimum.

To qualify for this list, a bank must allow savers from all 50 states to buy its certificates of deposit online or through the mail.

Click here to compare these returns with the top CD rates from dozens of banks in your area.

Our CD calculator will help you figure out the interest you'll earn, for any term, amount and interest rate.

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