Simple Debt-Free Finance

A Simple Approach to Getting Out of Debt & Into Wealth

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
Bookmark and Share
Related Posts Related Websites

Comments

One Response to “CD Rate Roundup - Best Bank CD Rates in May”

  1. Fitness and Diet Programs-How To Get Best Body « Wicked Blogging
    July 30th, 2009 @ 10:48 pm

    [...] CD Rate Roundup – Best Bank CD Rates in May [...]

Leave a Reply





  • Search

  • Get Updates

  • Recent Comments

  • Contact

    If comments aren't enough, feel free to contact me at:

    Join me on FaceBook

    Technorati Profile
    Blogs That Follow
  • Recent Tweets

    What I've been up to:
      follow me on Twitter
    • Tags

    • Disclaimer

      The information and opinions provided on this site do not constitute professional advice. This blog is intended to provide general information only about the author's own personal financial journey. While all information shared here is believed to be accurate, the owner/operator of this website specifically disclaims all warranties expressed, implied or statutory, regarding the accuracy, timeliness, and/or completeness of the information contained herein. You are advised to discuss your specific requirements with an independent financial adviser. All posts are © 2008-2011, Simple Debt Free Finance.
    • Unique visits since 2008:

    • ss_blog_claim=f34d742cbb91cfd8bb6b4f0e010113be ss_blog_claim=f34d742cbb91cfd8bb6b4f0e010113be
    • Useful Links: