Bank CD Rates

If you are looking for the best bank CD rates then you are limiting yourself and your earning potential. Because credit unions pay all of their profits to their share holders, which are their members, in terms of better interest rate, they are the best in the nation. A good example is the 7 month Youth CD offered by Saginaw Medical Federal Credit Union which has an interest rate of 6.785% and an APY of 7.00%. The interest is compounded monthly and is only available for deposits between $500 and $700. This rate is real and was posted on April 1, 2010 and is still current as of April 30, 2010.

When it comes to banks and their rates, the best ones are offered by national banks or internet only banks. They will remain relatively low as long as the Obama administration keeps the monetary policy as is with the prime rate at 0 to ¼ points. This is to encourage investing in the stock markets, but has back fired. It just hurts the common American consumer and all of the pensioners.

The best one year CD rate that could be found from a bank was form the Bank of Prescott. It has a 1 year CD with an interest rate of 1.85% and an APY of 1.87%. Their 6 month CD has an interest rate of 1.35% and an APY of 1.35%. These require a minimum deposit of $1000 and were posted on February 8, 2010.

The Peoples State Bank of Michigan offers a 6 month CD with an APY of 1.25%. This is with a minimum deposit of $1000 and was posted on February 23, 2010.

If you really want the best bank CD rates then elect a new president that cares about the people and does not play Chicago Democratic politics that hurt America.

All bank CD rates listed were still active as of April 30, 2010.

For additional resources about CD’s on this website, please view TD Bank Certificates of Deposit Rates

For another source of financial information please view Investing in Bank ETFs is available on our sister website of onlinebanksblog.com. For another set of rates please view North American Savings Bank CD Rates on bestcdratestoday.com.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name.