CD Rates: Best CD Rates December 28, 2013

Average bank CD rates continue to drift down slowly as we head into 2014, current average 1 year CD rates are at 0.20 percent in the FDIC's weekly survey this week. Average 1 year CD interest rates reported by MonitorBankRates.com are much higher this week at 0.73 percent.

The highest CD rates available for 12 month certificates of deposit are also higher than the averages. The highest rate this week in our database of rates is at 1.09 percent with an APY of 1.10 percent. List below are the top CD rates for certificate of deposit terms of 3 months to 2 years.

Highest CD Rates 12/28/13

3 Month Rates

1. AloStar Bank of Commerce 0.45%
2. Pacific Mercantile Bank 0.42%
3. Barclays Bank 0.35%
4. Discover Bank 0.35%
5. EverBank 0.35%

6 Month Rates

1. Zions Direct 1.00%
2. Pacific Mercantile Bank 0.90%
3. Doral Direct 0.87%
4. AloStar Bank of Commerce 0.75%
5. Colorado Federal Savings Bank 0.79%

9 Month Rates

1. Doral Direct 0.91%
2. AloStar Bank of Commerce 0.85%
3. GiantBank.com 0.80%
4. Discover Bank 0.70%
5. USAA 0.66%

1 Year Rates

1. AloStar Bank of Commerce 1.09% APY 1.10%
2. GE Capital Retail Bank Optimizer Plus 1.04% APY 1.05%
3. Pacific Mercantile Bank 1.01% APY 1.02%
4. My e-BAnC by BAC Florida Bank 1.00% APY 1.01%
5. The Palladian PrivateBank 1.00% APY 1.00%

18 month Rates

1. AloStar Bank of Commerce 1.14% APY 1.15%
2. My e-BAnC by BAC Florida Bank 1.05% APY 1.06%
3. Pacific Mercantile Bank 1.05% APY 1.06%
4. Colorado Federal Savings Bank 1.04% APY 1.05%
5. Doral Bank 1.02% APY 1.02%

2 Year Rates

1. Pentagon Federal Credit Union 1.40% APY 1.41%
2. AloStar Bank of Commerce 1.24% APY 1.25%
3. CIT Bank 1.19% APY 1.20%
4. Pacific Mercantile Bank 1.15% APY 1.16%
5. GE Capital Retail Bank Optimizer Plus 1.14% APY 1.15%