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Where to Find the Best High Interest CD Rates

by Jeremy Holcombe

The economy has really taken a hit over the last several years — since 2008, almost everything in the financial world has been affected. This includes CDs (Certificates of Deposits), which saw a huge drop in percentage rates once the market bottomed out in late 2008.

What used to be a great way to save and invest money became something of an afterthought because of how far the interest rates dropped. Before 2008 you could find great CD rates as high as 4.50%, and some even higher, depending on the situation. Now you are lucky if you can find something in the 1.50 percentage point range.

A Certificate of Deposit is still a useful way to invest and save your money. There are some good CD rates available out there (relatively speaking), you just need to know where to look.

Here are the best high interest rate CD’s available in today’s economy. Happy hunting.

*Note: All the following rates can go up or down some daily.

5-Year Jumbo CD Rates

eLoan

Minimum Deposit: $100,000

APY: 1.500% Compounded Daily

 

CIT Bank

Minimum Deposit: $100,000

APY: 2.030% Compounded Daily

 

GE Capital Retail Bank

Minimum Deposit: $100,000

APY: 2.030% Compounded Daily

 

Ally Bank

Minimum Deposit: $100,000

APY: 1.590% Compounded Daily

5-Year CD Rates

eLoan

Minimum Deposit: $10,000

APY: 1.500% Compounded Daily

 

PenFed

Minimum Deposit: $1,000

APY: 2.000% Compounded Daily

 

GE Capital Retail Bank

Minimum Deposit: $25,000

APY: 1.980% Compounded Daily

 

Ally Bank

Minimum Deposit: $0

APY: 1.590% Compounded Daily

3-Year CD Rates

eLoan

Minimum Deposit: $10,000

APY: 1.100% Compounded Daily

 

PenFed

Minimum Deposit: $1,000

APY: 2.000% Compounded Daily

 

GE Capital Retail Bank

Minimum Deposit: $0

APY: 1.290% Compounded Daily

 

Ally Bank

Minimum Deposit: $0

APY: 1.190% Compounded Daily

2-Year CD Rates

eLoan

Minimum Deposit: $10,000

APY: 1.040% Compounded Daily

 

PenFed

Minimum Deposit: $1,000

APY: 1.250% Compounded Daily

 

CIT Bank

Minimum Deposit: $25,000

APY: 1.190% Compounded Daily

 

GE Capital Retail Bank

Minimum Deposit: $25,000

APY: 1.140% Compounded Daily

 

Ally Bank

Minimum Deposit: $0

APY: 1.040% Compounded Daily

1-Year CD Rates

eLoan

Minimum Deposit: $10,000

APY: 0.940% Compounded Daily

 

GE Capital Bank

Minimum Deposit: $500

APY: 1.040% Compounded Daily

 

GE Capital Retail Bank

Minimum Deposit: $25,000

APY: 1.050% Compounded Daily

 

Ally Bank

Minimum Deposit: $0

APY: 0.980% Compounded Daily

 

PenFed

Minimum Deposit: $1,000

APY: 0.750% Compounded Daily

9-Month CD Rates

eLoan

Minimum Deposit: $10,000

APY: 0.560% Compounded Daily

 

Ally Bank

Minimum Deposit: $0

APY: 0.640% Compounded Daily

6-Month CD Rates

eLoan

Minimum Deposit: $10,000

APY: 0.470% Compounded Daily

 

Ally Bank

Minimum Deposit: $0

APY: 0.610% Compounded Daily

 

PenFed

Minimum Deposit: $1,000

APY: 0.300% Compounded Daily

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