Leading CD Rates This Week: Best 12 Month Certificate of Deposit Rates at 1.12 Percent

As we head into the final month of 2012 and the coming fiscal cliff, now is probably a really good time to sell some of your equity holdings and place the sale proceeds into a certificate of deposit. Unfortunately, these days what you receive in interest for placing your money into a good certificate of deposit is dismal. What you do receive is the government's guarantee that your principal (up to the maximum allowed by law) is safe.

To find the best CD rates, a list of the highest CD rates is available for the following certificate of deposit terms: 6 month CD rates, 1 year CD rates and 2 year CD rates. The shorter term bank CD rates are better deals right now.




While 5 year bank CD rates are higher, it doesn't really pay to invest in a 5 year CD since you don't want to lock into such a low interest rate for 5 long years.  For example, the current highest CD rates on 1 year certificates of deposit are at 1.12 percent APY. The current highest CD rates on 5 year certificates of deposit are only at 1.80 percent APY, less than a one percent difference.

6 Month Certificate of Deposit Rates

• Doral Bank 0.91% APY 0.91%


• Colorado FSB 0.80% APY 0.80%


• GiantBank.com 0.80% APY 0.80%


• Ascencia 0.78% APY 0.78%


• Able Banking 0.75% APY 0.75%


• Discover Bank 0.75% APY 0.75%


• Ally Bank 0.74% APY 0.74%

12 Month Certificate of Deposit Rates

• AbleBanking 1.10% APY 1.12%


• Alostar Bank of Commerce 1.10% APY 1.11%


• CIT Bank 1.09% APY 1.10%


• Bank of Internet USA 1.09% APY 1.10%


• California First National Bank 1.05% APY 1.06%


• NexBank 1.05% APY 1.05%


• Ally Bank 1.04% APY 1.05%


• Sallie Mae Bank 1.04% APY 1.05%


• MetLife Bank 1.04% APY 1.05%

24 Month Certificate of Deposit Rates

• NexBank 1.29% APY 1.30%


• AloStar Bank of Commerce 1.25% APY 1.26%


• CIT Bank 1.24% APY 1.25%


• Barclays Bank 1.24% APY 1.25%


• Able Banking  1.18% APY 1.19%


• Doral Bank 1.14% APY 1.15%


• Discover Bank 1.14% APY 1.15%


• Ally Bank 1.13% APY 1.14%