Barclays Bank has increased the CD rates on its 36-, 48- and 60-month certificates of deposit (CDs). Currently, Barclays holds the top 60-month CD rate (available nationwide) at 1.85% APY.
AIG Bank slashed rates on its entire line of CDs. CD terms of 12 months to 60 months now pay out 0.80% APY — apparently, there’s no real incentive to invest for a longer period of time.
Remember to compare other CD rates before opening an account.