Best CD Rates 12 Month CD Rates from E-Loan APY 1.26%
E-Loan.com which recently lowered some of their
bank CD rates is still offering one of the
best CD rates available right now for a 12 month certificate of deposit. E-Loan's current 12 month CD rate is 1.25% with a CD yield of 1.26%. That CD interest rate is more than double the current national average 12 month rate of 0.51% as reported by MonitorBankRates.com.
E-Loan's other CD rates are as competitive as the bank's 12 month rate. For example, current 6 month CD rates are at 0.30% with a CD yield of 0.30%. Discover Bank is offering 6 month CD rates three times that amount at 0.90% with a yield of 0.90%.
As for 5 year rates E-loan's rate isn't that great either. The banks current 5 year CD rate is at 1.59% with a yield of 1.60%. Ally Bank's 5 year APY is 2.19% and Discover Bank's 5 year APY is 2.35%.
1 Month Rate 0.15% Yield 0.15%
2 Month Rate 0.20% Yield 0.20%
3 Month Rate 0.25% Yield 0.25%
6 Month Rate 0.30% Yield 0.30%
9 Month Rate 0.60% Yield 0.60%
1 Year Rate 1.25% Yield 1.26%
18 Month Rate 0.85% Yield 0.85%
2 Year Rate 0.90% Yield 0.90%
3 Year Rate 1.04% Yield 1.05%
4 Year Rate 1.19% Yield 1.20%
5 Year Rate 1.59% Yield 1.60%
6 Year Rate 1.69% Yield 1.70%
For a list of current CD interest rates and to open a certificate of deposit account go to e-loan.com.
Author: Jason P. Jones
August 27th, 2011
