Best 60-month CD rates show positive movement

Yield sign with dollar signs

The best nationally available 60-month CD rates are paying a bit better this month.

The top rate is up a tenth of a percentage point since last month.

You can now take home 1.91% APY from two banks:

The National Republic Bank of Chicago (, which has two branches in Chicago.

State Bank of India (, India's largest bank, which has FDIC-insured branches in California, Chicago and New York. This deal is available through the website of the New York branch.

The main difference between these two deals is the minimum deposit amount. State Bank of India requires $5,000 to open an account. National Republic Bank of Chicago requires $1,000.

Each institution just recently started paying that rate on 5-year CDs.

Both banks pay four-fifths of a percentage point higher than the national average of 60-month CD rates, which is 1.11% APY, according to our most recent survey of banks and thrifts.

As of June 22, 2012, six other banks pay at least 1.73% APY:

Barclays (, the online American operation of the big British bank, pays 1.80% APY with no minimum deposit.

AmTrust Direct (, the online division of AmTrust Bank, a division of New York Community Bank in Cleveland, Ohio, pays 1.75% APY with a $1,000 minimum deposit.

Discover Bank (, an online bank owned by the credit card company, pays 1.75% APY with a $2,500 minimum deposit.

EverBank (, a predominantly online bank based in Jacksonville, Fla., pays 1.75% APY with a $1,500 minimum deposit.

Intervest National Bank (, which has a single branch in New York City and six branches in Florida, pays 1.75% APY with a $2,500 minimum deposit.

Ally Bank (, an online bank based in Charlotte, N.C., pays 1.73% APY with no minimum deposit.

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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