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Best CD Rates – Week of September 24, 2012

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Low interest rates are making it tough for savers to earn a respectable yield on their deposits. Certificates of deposit may provide some relief. This week, we take a look at the current national rate averages, top credit union rates, and the highest rate you’ll find in each state.  Try NerdWallet’s tool to compare CD rates in your area and find the highest possible yield.

Standout rates:

National Averages

Length of Term (months) % of Available Accounts Average APY
3 10% 0.17%
6 13% 0.28%
12 13% 0.42%
18 10% 0.48%
24 13% 0.63%
30 6% 0.64%
36 12% 0.84%
48 11% 1.01%
60+ 11% 1.26%

Top 50 credit union rates

The top 50 rates we identified came from just 19 different credit unions (membership eligibility restrictions may apply), each of which offered a rate at least 79% higher than the average for a comparable term.

Credit Union Location Length of Term (months) APY
Navy Army Community Credit Union Corpus Christi, TX
  • 30
  • 3.00%
Charles Street Community Federal Credit Union Marion, IN
  • 48
  • 60
  • 2.43%
  • 2.84%
Security Service Federal Credit Union San Antonio, TX
  • 84
  • 2.70%
Encompass Credit Union Tipton, IN
  • 48
  • 60
  • 2.27%
  • 2.53%
SeaComm Federal Credit Union Massena, NY
  • 48
  • 60
  • 2.25%
  • 2.49%
Birmingham Police Credit Union Birmingham, AL
  • 60
  • 2.38%
Security 1st Credit Union Edinburg, TX
  • 60
  • 2.33%
General Electric Credit Union Cincinnati, OH
  • 60
  • 2.33%
Menominee County Federal Credit Union Menominee, MI
  • 60
  • 2.29%
American Airlines Federal Credit Union Fort Worth, TX
  • 60
  • 2.27%
Mid Missouri Credit Union Fort Leonard Wood, MO
  • 60
  • 2.27%
One Source Federal Credit Union El Paso, TX
  • 60
  • 2.27%
Wymar Federal Credit Union Geismar, LA
  • 24
  • 36
  • 48
  • 60
  • 2.27%
  • 2.27%
  • 2.27%
  • 2.27%
Northwoods Credit Union Cloquet, MN
  • 60
  • 2.26%
Chemcel Federal Credit Union Bishop, TX
  • 60
  • 2.25%
Dover Federal Credit Union Dover, DE
  • 60
  • 2.25%
Jefferson Financial Credit Union Metairie, LA
  • 60
  • 2.25%
Toledo Metro Federal Credit Union Toledo, OH
  • 60
  • 2.25%
Veritas Federal Credit Union Franklin, TN
  • 60
  • 2.25%

Top online CD rates

Online banks are another great option for savers seeking higher yields. Anyone can open an account, but there’s not likely to be a branch nearby – all transactions and customer service takes place over the internet or phone.

Bank Length of Term (months) APY
Discover Bank 60 1.75%
iGOBanking 60 1.75%
Doral Bank 60 1.69%
Ally Bank 60 1.69%

 

Top CD rates by state

State Institution Length of Term (months) APY
AK Alaska USA Federal Credit Union 60 1.75%
AL Birmingham Police Credit Union 60 2.38%
AR Telcoe Federal Credit Union 60 2.17%
AZ American Airlines Federal Credit Union 60 2.27%
CA American Airlines Federal Credit Union 60 2.27%
CO Denver Community Credit Union 60 2.10%
CT American Airlines Federal Credit Union 60 2.27%
DE Dover Federal Credit Union 60 2.25%
FL American Airlines Federal Credit Union 60 2.27%
GA Wings Financial Credit Union 60 2.12%
HI American Airlines Federal Credit Union 60 2.27%
IA First Federal Credit Union 60 2.16%
ID Mountain America Federal Credit Union 60 2.00%
IL American Airlines Federal Credit Union 60 2.27%
IN Charles Street Community Credit Union 60 2.84%
KS Mid American Credit Union 60 2.10%
KY General Electric Credit Union 60 2.33%
LA Wymar Federal Credit Union 24 2.27%
MA American Airlines Federal Credit Union 60 2.27%
MD HEW Federal Credit Union 60 2.02%
ME Winthrop Area Federal Credit Union 60 2.12%
MI Menominee County Federal Credit Union 60 2.29%
MN Northwoods Credit Union 60 2.26%
MO Mid Missouri Credit Union 60 2.27%
MS RiverLand Credit Union 60 2.00%
MT Glendive BN Federal Credit Union 60 2.00%
NC American Airlines Federal Credit Union 60 2.27%
ND Starion Financial 60 1.75%
NE Pinnacle Bank 60 2.02%
NH Service Credit Union 60 1.95%
NJ American Airlines Federal Credit Union 60 2.27%
NM One Source Federal Credit Union 60 2.27%
NV Credit Union 1 60 2.05%
NY SeaComm Federal Credit Union 60 2.49%
OH General Electric Credit Union 60 2.33%
OK American Airlines Federal Credit Union 60 2.27%
OR Food Industries Credit Union 60 1.85%
PA HEW Federal Credit Union 60 2.02%
RI Greenwood Credit Union 60 2.00%
SC Eastman Credit Union 60 1.90%
SD First Financial Bank USA 48 2.02%
TN American Airlines Federal Credit Union 60 2.27%
TX Navy Army Community Credit Union 30 3.00%
UT State Bank of Southern Utah 60 2.02%
VA American Airlines Federal Credit Union 60 2.27%
VT NorthCountry Federal Credit Union 60 2.00%
WA HAPO Community Credit Union 60 2.20%
WI Dupaco Community Credit Union 60 2.01%
WV One Community Federal Credit Union 60 2.00%
WY Wyo Central Federal Credit Union 60 2.15%

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