iGObanking boosts CD rates, offers top 36-, 60-month CDs

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iGObanking has raised its CD rates by more than a percentage point on a couple of terms -- giving it the best nationally available 36- and 60-month certificates of deposit.

With a minimum deposit of $1,000, the online division of Flushing Savings Bank in New York pays 2.25% APY on 60-month certificates and 1.70% APY on 36-month certificates.

Those rates edge out Quaint Oak Bank for the top 60-month deal and Doral Bank Direct for the top 36-month deal.

Quaint Oak Bank, a suburban Philadelphia bank with a single location, pays 2.20% APY with a $500 minimum deposit for 5-year certificates.

Doral Bank Direct, the online bank of Doral Bank, the leading community bank in Puerto Rico, pays 1.65% APY with a $1,000 minimum deposit for 3-year CDs.

iGObanking has a history of boosting its rates significantly and then just as swiftly cutting them again.

So act fast.

Just last week, iGObanking offered 60-month CDs for only 1.20% APY and 36-month CDs for 0.64% APY.

Those lows came only months after it had competitive 60-month rates. Beginning in late August, the bank repeatedly slashed its returns.

iGObanking also hiked its 24-month rates by just under a full percentage point to 1.25% APY.

That's not quite good enough to top the national leader in that term: 1.31% APY offered by Goldwater Bank.

Banks qualify for our rankings by accepting deposits from all savers, regardless of where they live, either online or through the mail.

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