National CD Rates – Best 12 Month CD Yield at 1.30%

Right now on our database of national CD rates Tennessee Commerce Bank tops our list. Tennessee Commerce Bank is currently offering bank CD rates at 1.29% with a bank CD yields at 1.30%. Tennessee Commerce Bank's rate is more than double the current national average 12 month rate of 0.568% as reported by MonitorBankRates.com.

Find the best CD rates at banks and credit unions by searching our rate lists at CDRates.MonitorBankRates.com. We list both national and local CD rates.

The second highest CD rate on our list of national rates is from a bank in Elgin, Illinois. Union National Bank is offering 12 month CD interest rates at 1.21% with a CD yield of 1.22%. Union National Bank's rate is also more than double the current national average.

The third best CD rate on our list is from an online bank based in San Diego, California. Bank of Internet USA is offering 1 year CD rates at 1.20% with a yield of 1.21%.

Two banks are listed with the fourth best rate on our list. Discover Bank and Ally Bank are both offering 1 year rates at 1.19% with a yield of 1.20%.

Rounding out the top 5 national CD rates is AIG Bank and Nationwide Bank. Both banks are offering 12 month rates at 1.14% with a yield of 1.15%.

Just to give you an idea of how many banks are not really interested in collecting deposits these days at the low end of our rate list is Citizens Bank. The bank is offering 1 year CD rates at a measly 0.05%.

Right after them is Wachovia Bank with a rate of 0.15%. Several big banks are also offering really low rates. HSBC Bank, Chase Bank and Bank of America are all offering 1 year rates at 0.20%.

Why collect deposits when you can borrow from the Fed for next to nothing?