Highest 90 Day Certificate (CD) of Deposit Rates November 1, 2012: Best CD Rate at 0.65 Percent

With all the uncertainty in the economy over the next few months because of the pending financial cliff, the sovereign debt crisis in Europe and slowing growth in China now is a good time to sell stocks and mutual funds and place that money in an FDIC insured certificate of deposit.

Current CD rates on short term certificates of deposit are low so your investment return will also be low but at least your principal is 100 percent safe as long as you keep the accounts below the FDIC insured amount of $250,000. Another reason to reduce your exposure to equities is because of the low double digit year-to-date gains in equities and the gains since the lows of 2009.

Current 90 day bank CD rates are averaging just 0.10 percent in the FDIC National Rate and Rate Cap Survey for the week ending October 29, 2012. Current 3 month CD rates at banks are averaging higher at 0.29 percent in Bankrate's weekly rate survey. Thankfully the best CD rates on our 3 month certificates of deposit rate list are higher than both average rates.

The highest CD rates on our 3 month certificates of deposit rate list are from E-Loan.com at 0.65 percent with an APY of 0.65 percent. E-Loan's rate is 6.5 times the FDIC average rate and more than double Bankrate's 3 month rate. The minimum opeing deposit for a 3 month certificate of deposit at E-Loan is $10,000. Jumbo CD rates in the FDIC rate survey are also many times lower than our best CD rates. Current jumbo bank CD rates are averaging 0.11 percent in the FDIC survey this week.

Highest 3 month CD Rates November 1, 2012

• E-Loan CD Rates 0.65% APY 0.65%
• EverBank CD Rates 0.57% APY 0.57%
• Virtual Bank CD Rates 0.50% APY 0.50%
• Alostar Bank of Commerce CD Rates 0.45% APY 0.45%
• Ally Bank CD Rates 0.44% APY 0.44%
• Barclays Bank CD Rates 0.40% APY 0.40%
• First Internet Bank of Indiana CD Rates 0.35% APY 0.35%
• USAA Bank CD Rates 0.35% APY 0.35%
• EH National Bank CD Rates 0.30% APY 0.30%

As you can see the highest 3 month CD interest rates on our rate list are all above the national average rates. You can use our rate lists to find the best CD bank rates for all types of certificates of deposit terms.