Bank CD Rates

Here at Bank CD Rates Online, we often look at the best rates available from a single bank.  Today, we’re looking at teh best CD APY offers from all of them.

The best CD rates for 2010 are not offered by a single bank but are actually a combination of the best rates offered by a range of financial institutions. It often happens that a bank offers the best CD APY in one investment option but does not have the same high rates for investments with higher term durations.

For a 1-year term, 2010 CD rates are as follows. Colorado Federal Savings Bank is currently offering the highest APY. It asks for a minimum investment of $5,000. The bank is offering an APY of 2.00% for this investment. The second best rates are offered by newdominionDIRECT.com with an APY of 1.92%. The bank requires a minimum investment of $3,000. Ascencia, a division of PBI Bank offers CD rates at an APY of 1.91% with a minimum investment of $500.

For 3-year term, Discover Bank offers the best APY of 2.50% with a minimum deposit of $2,500. Ally Bank offers an APY of 2.49% and does not have any minimum deposit requirements. Aurora Bank, FSB offers an APY of 2.42% with a minimum deposit requirement of $1,000.

The highest 2010 CD rates are available on 5-year terms of investment. Capital One Direct Banking is currently the highest APY of 3.25% for a minimum deposit of $5,000. Discover Bank offers the same APY at 3.25% but has a lower requirement of minimum deposit at $2,500.  Ally Bank offers an APY of 3.10% and does not have any minimum deposit requirements.