Earn 2.20% with fall's best 60-month CD rates

Glass piggy bank with coins

The top 5-year CD rates have taken a tumble this fall, dropping by more than a quarter of a percentage point since the beginning of September.

Even so, the highest paying nationally available deal pays just slightly less than it did 30 days ago.

The best you can earn is 2.20% APY from Quaint Oak Bank, a suburban Philadelphia bank with a single location. You'll need a minimum deposit of $500 to buy this CD.

Quaint Oak Bank's deal is a full percentage point better than the national average on 60-month CD rates -- 1.20% APY, according to our most recent weekly survey of major banks.

As of Oct. 28, 2011, four other banks pay more than 2.00% APY:

MainStreet Bank, a northern Virginia bank that serves customers nationally through www.airbanking.com, pays 2.15% APY with a minimum deposit of $500.

Nationwide Bank, an online bank owned by Nationwide Mutual Insurance Company, pays 2.05% APY with a minimum deposit of $500.

Kaiser Federal Bank, which has nine branches in southern California, pays 2.05% APY with a minimum deposit of $10,000.

Goldwater Bank, which has a single location in Scottsdale, Ariz., pays 2.01% APY with a minimum deposit of $5,000.

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.