Top 25 One Year Bank CD Rates

//cdrates.monitorbankrates.com The average one year certificate of deposit rate is only 1.01 percent right now but CD rates will start heading higher sometime in 2010. The FOMC meets tomorrow and Thursday to decide the direction of interest rates.

The Fed is expected to keep the Fed fund rate in the targeted range of zero percent to one quarter percent for now but will raise rates later this year. When the Fed funds rate heads higher banks will finally start raising CD rates and savings account rates.

Looking for CD Rates? Find the best CD rates here. Highest CD Rates.

Here is a list of the top 25 bank CD rates in New York City.

UFB Direct  1.86% APY Min $8000     

Eastbank  1.75% APY Min $2500   

Discover Bank  1.75% APY Min $2500    

Giantbank.com  1.71% APY Min $2500      

Ally Bank  1.70% APY Min $ 1    

Nationwide Bank  1.70% APY Min $10000    

Maspeth Federal S&L  1.70% APY Min $1500     

Broadway National Bank  1.67% APY Min $500    

Bank of Internet USA  1.65% APY Min $1000     

First Central Savings Bank  1.65% APY Min $500   

ING DIRECT  1.60% APY Min $ 1    

AIG Bank  1.60% APY Min $2500

Tennessee Commerce Bank  1.60% APY Min $2500     

EverBank 1.56% APY Min $1500

American Express Bank FSB  1.50% APY Min $ 1

Bay Ridge Federal Credit Union  1.50% APY Min $500      

Marathon National Bank  1.50% APY Min $1000 

Bridgehampton National Bank  1.50% APY Min $1000    

Brooklyn FSB  1.50% APY Min $1000 1.50%

Ridgewood Savings Bank  1.35% APY Min $500  

Cross County Federal Savings  1.35% APY Min $500      

Great Eastern Bank  1.31% APY Min $2500  

Intervest National Bank  1.30% APY Min $2500    

Allstate Bank  1.30% APY Min $1000

Community Fed Svngs Bank  1.30% APY Min $500     

Find the highest bank CD rates here: Highest Bank CD Rates.