CD Rate Roundup - Best Bank CD Rates in May
Posted on | May 19, 2009 |
Emergency savings accounts are all the rage these days, and while many people keep theirs in a high yield saving account, others use CDs. It all depends on when you might need the cash.
You may want to consider splitting up your savings, depending on your situation. For example, you may only keep a months expenses in a high yield savings account, and put the bulk of the remainder in a CD. This is especially attractive given the low interest rates these days, since CDs usually offer a higher rate of return.
Well, it’s something I’ve been thinking of doing, and I since I’ve been doing the research I thought I’d compile the list and share it with you.
These are the best cd rates for deposits of $10,000 and under, as rated by BankRate.com. I filtered out the worst and here’s the 2 and 3 star (out of 3 stars) ratings that remain.
| Term | Institution | Rate | APR | Min Deposit |
| 1 month | ||||
| Univest National Bank & Trust Co. Souderton, PA | 0.75 | 0.75 | $2,500 | |
| E-LOAN Pleasanton, CA | 0.55 | 0.55 | $10,000 | |
| Citizens Trust Bank Atlanta, GA | 0.20 | 0.20 | $500 | |
| 3 month | ||||
| Ally Bank Midvale, UT | 1.73 | 1.75 | $0 | |
| Excel National Bank Beverly Hills, CA | 1.73 | 1.74 | $10,000 | |
| NOVA Bank Philadelphia, PA | 1.29 | 1.30 | $500 | |
| Discover Bank New Castle, DE | 1.25 | 1.25 | $2,500 | |
| 6 month | ||||
| Ally Bank Midvale, UT | 2.13 | 2.15 | $0 | |
| Excel National Bank Beverly Hills, CA | 1.98 | 2.00 | $10,000 | |
| giantbank.com Ft. Lauderdale, FL | 1.89 | 1.91 | $2,500 | |
| 1 year | ||||
| Ally Bank Midvale, UT | 2.76 | 2.80 | $0 | |
| Pacific Mercantile Bank Costa Mesa, CA | 2.35 | 2.38 | $10,000 | |
| Discover Bank New Castle, DE | 2.33 | 2.35 | $2,500 | |
| Advanta Bank Corp. Salt Lake City, UT | 2.27 | 2.30 | $10,000 | |
| 3 year | ||||
| Ally Bank Midvale, UT | 3.15 | 3.20 | $0 | |
| Frontier State Bank Oklahoma City, OK | 2.73 | 2.75 | $10,000 | |
| Discover Bank New Castle, DE | 3.16 | 3.20 | $2,500 | |
| Intervest National Bank New York, NY | 3.05 | 3.10 | $2,500 | |
| 5 year | ||||
| Ally Bank Midvale, UT | 3.44 | 3.50 | $0 | |
| Frontier State Bank Oklahoma City, OK | 3.21 | 3.25 | $10,000 | |
| Advanta Bank Corp. Salt Lake City, UT | 3.25 | 3.30 | $10,000 | |
| Nationwide Bank Columbus, OH | 3.25 | 3.30 | $500 |
- The Best Credit Cards For....
- Mortgage Refinance Trends: New Wave Spurs 6-Week High Demand.
- FDIC Failed Bank List: 16 and counting.
- How to Save on Mortgage Costs, Including Refinances.
- Give Whole Life Insurance a Fair Comparison – Get Illustrations and Compare!
- Poplar Creek Golf Course
- Forget the Federal Estate Tax, You May Need to Worry About State Estate Taxes!
- Dublin Ranch Golf Course
Comments
One Response to “CD Rate Roundup - Best Bank CD Rates in May”
Leave a Reply
Popular Posts
Featured Links
Need Help With your Debt?
Incredible DealsRecent Posts
Categories
- 10 Investment Tips for Beginners
- Budgeting
- Building Wealth
- Career
- Credit
- Debt
- Economy
- Education
- Employment
- Frugal Lifestyle
- Home Buying
- Home Selling
- Income
- Insurance
- Investing
- Opinion
- Personal
- Rant
- Real Estate
- Retirement
- Reviews
- Saving
- Scam
- Small Business
- spending
- Sponsored
- Student Loans
- Taxes
- Tips
- Uncategorized
Blog Catalog
Archives
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
Sponsors
Scan2Contacts
Search
Get Updates
by Email
Recent Comments
- Debt Settlement Company on Nationwide Asset Services - Debt Settlement You Should Avoid!
- Local Services Expert - Melba Denosta on Avoid These 5 Credit Card Rookie Mistakes!
- credit blog on How Does Debt Settlement Affect Your Credit Score (And More!)
- Texas A&M on Avoid These 5 Credit Card Rookie Mistakes!
- Peter on Income at Home 55 is a Scam!
Contact
Recent Tweets
Blogroll
Tags
401(k) 529 savings plan Auto Insurance bailout Banking blogging Building Wealth college savings Cramer Credit Credit Cards Credit score Debt debt settlement Economy Employment FDIC foreclosure getting out of debt Gift Cards Housing Income Insurance Investing money Mortgage Rates Mortgages news Opinion Rant Real Estate Recession Retirement Review Reviews Saving Saving Money Savings Scam spending Sponsored Stock Market Stocks Taxes TipsDisclaimer
Unique visits since 2008:
July 30th, 2009 @ 10:48 pm
[...] CD Rate Roundup – Best Bank CD Rates in May [...]