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CD Rates Index – Week of February 4, 2013

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With the Super Bowl behind us, many football fans have already set their sights on the coming fall. Why not take advantage of a high yield short-term CD in the meantime to help save up for tailgating next season? If you choose the right bank or credit union, you could get access to a 3 to 6 month CD yielding 8 to 10 times more than a typical savings account. We’ve listed some examples below (mostly credit unions, which tend to have the best rates at this time), but there may be a great account near you. Try NerdWallet’s tool to find the best CD rates in your zip code.

Reference Table:

Length of Term (months) Average Promo APY Average Reg. APY
3 0.23% 0.17%
6 0.88% 0.26%
12 0.55% 0.40%
18 0.51% 0.46%
24 0.65% 0.61%
30 0.84% 0.63%
36 0.80% 0.80%
48 0.89% 0.97%
60 1.23% 1.19%

CD rates that beat the average

Short-term CDs

Institution State Term APY Notes
Navy Army Community Credit Union TX 6 months 1.10% Min $1,000
Fort Dodge Family CU IA 6 months 1.00% Min $500
Settlers FCU MI 6 months 0.81% Min $500

1-2 year CDs

Institution State Term APY Notes
Domino FCU TX 2 years 1.76% Min $500
Ed-Med FCU NY 2 years 1.51% Min $1,000
AB&W Credit Union VA 2 years 1.50% Min $1,000

3+ year CDs

Institution State Term APY Notes
Delta County CU MI 5 years 2.17% Min $1,000
United Police FCU FL 5 years 2.12% Min $1,000
Crescent Bank & Trust LA 5 years 2.05% Min $5,000

Banking image via shutterstock