That depends on your term length. At a term length of 12 months the best APY I can find is Nexity at 1.31%. At 5 years Affinity gives 2.50% APY with a minimum of $500.
The best way to check on the ever changing CD rates is to call the banks in your area. When the market changes so do the rates. You would need to call the banks for the most accurate information.
GMAC Bank has the highest CD interest rate at 2.80%. GMAC Bank also has the highest rate on 12/3 at 3.75percent with a minimum of 500 deposited for a 6 month CD.
The rate of the CD depends on how many months that you have it for. For a 9 month CD, it is about 0.5%. For a 13 month CD, it is about 1.01%. A 2 year one is 1.25%.
The very first step to find the best certificate of deposit (CD) rates is to understand how they are determined and to do so that will take a little legwork. You will need to visit you local banks to...