Highest CD Rates for Monday April 14

The CD yield curve is still flat heading into the third week in April of 2014. The rate difference between 1 year CD rates and 5 year CD rates is just over 1.00 percent. CD rates won't be moving higher until the Federal Open Market Committee (FOMC) increases the federal funds rate. The FOMC isn't expected to increase the rate until sometime in 2015, so we expect the highest CD rates on all certificate of deposit terms to remain near current levels for at least another 12 months.

The best 5 year CD rates are at 2.23 percent with an APY of 2.25 percent. Checking on the best CD rates in our 1 year certificate of deposit rate database we see the top rates are at 1.04 percent with an APY of 1.05 percent. You can see the difference in yield between 1 year and 5 year rates is only 1.20 percent. By the way, the bank offering the highest 1 year and 5 year CD rates in our database is GE Capital Retail Bank. Listed below are the highest CD rates at banks for CD terms of 6 months to 5 years.

6 Month CD Rates

• Zions Direct 1.00% APY 1.00%
• Doral Direct 0.87% APY 0.87%
• AloStar Bank of Commerce 0.75% APY 0.75%
• GE Capital Retail Bank 0.70%

1 Year CD Interest Rates

• GE Capital Retail Bank 1.04% APY 1.05%
• GE Capital Retail Bank Optimizer Plus 1.04% APY 1.05%
• Silvergate Bank 1.01% APY 1.01%
• My e-BAnC by BAC Florida Bank 1.00% APY 1.01%

2 Year CD Rates at Banks

• Salem Five 1.24% APY 1.25%
• GE Capital Retail Bank 1.19% APY 1.20%
• GE Capital Retail Bank Optimizer Plus 1.19% APY 1.20%
• CIT Bank 1.19% APY 1.20%

3 Year Bank CD Rates

• Intervest National Bank 1.44% APY 1.45%
• GE Capital Retail Bank Optimizer Plus 1.34% APY 1.35%
• Barclays Bank 1.34% APY 1.35%
• GE Capital Retail Bank 1.29% APY 1.30%

4 Year Rates

• GE Capital Retail Bank Optimizer Plus 1.73% APY 1.75%
• EverBank 1.72% APY 1.73%
• Barclays Bank 1.69% APY 1.70%
• Nationwide Bank 1.66% APY 1.67%

5 Year CD Rates

• GE Capital Retail Bank Optimizer Plus 2.23% APY 2.25%
• Barclays Bank 2.23% APY 2.25%
• EverBank 2.22% APY 2.24%
• iGObanking.com 2.13% APY 2.15%

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