Top CD Rates For The Week Starting August 10, 2009

CD rates in general, may be at their lowest levels right now but if you make the effort, you can always find some pretty decent rates that are way above the national average and better than what your bank is currently offering.

Here at My Bank Tracker, we try to keep you updated with the best CD rates currently offered in the market. For this week, there are few changes seen in our top CD rates list, both in the rates offered and in the banks offering them:

Ascencia Bank

Asencia Bank retains its top spot for the 6-month CD and 36-month CD, offering 1.76% and 3.00% APY respectively.

E-Loan

E-Loan’s interest rates for its 24-month CD and 60-month CD at 2.47% and 3.50% APY respectively are also still the top yields in both categories.

Some New Banks on the List

While newdominionDIRECT still offers the best CD rate for the 12-month term, it is now joined by Onewest Bank, with both banks giving 2.05% APY.

Discover Bank enters this week’s top CD rates list for its 48-month CD which currently yields 3.25% APY. Intervest National Bank held this spot last week with a 3.20% rate.

Great 17-month CD from Security Savings Bank

Here’s an odd-term CD that’s recently caught our attention. A 17-month Certificate of Deposit currently being offered by Security Savings Bank has a rate that’s higher than most 2-year CDs at 2.47% APY. In fact, this rate equals that of E-Loan’s 24-month CD which is our best rate for this term. It’s also notches higher than the national average rate of 24-month CDs which is now at 1.77% APY. You can avail of this CD with a minimum deposit of $500.

About the banks

 

Discover Bank

Since 1911, Discover Bank has been providing superior banking products with service designed to help customers achieve their financial goals.

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Ascencia

Ascencia is an Internet bank headquartered in Louisville, KY. Opened for business in February 1999 and have become one of the most successful online banks in the industry.

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E-Loan

E-LOAN is a nationwide financial services company dedicated to providing consumers with a simple, easy and open way to obtain mortgage, auto loans, home equity loans, and online savings and certificate of deposit accounts.

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newdominionDIRECT

NewDominion is a niche financial services company providing expertise and enabling growth and success for customers. Offering specialized growth-oriented products, seasoned professional staff, and advanced technology, NewDominion helps businesses and individuals achieve their financial goals. Based on a philosophy that sharing resources and ideas benefits all, NewDominion strives to insure the mutual success of customers, investors, and employees.

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