Two National Banks Lower CD Rates

Two large national banks just lowered the CD rates they are paying on 12 month certificates of deposit. Ally Bank and Discover Bank both lowered their rates. Discover Bank's 12 month CD rates were lowered from 1.20% APY to 1.15% and Ally Bank's 12 month CD rates were lowered from 1.19% APY to an APY of 1.16%.

Although both banks lowered their CD rates they are still higher than the current national average rate of 0.50% and are still at the top end of 1 year bank CD rates available right now. You can find the highest CD rates at banks by searching our CD rates table here: HIGHEST CD RATES.

Here is a current list of our national CD rates:

E-LOAN.com Rate 1.25% Yield 1.26% Min $10,000 

Sallie Mae Rate 1.19% Yield 1.20% Min $ 1 

Ally Bank Rate 1.15% Yield 1.16% Min $ 1 

Discover Bank Rate 1.14% Yield 1.15% Min $2500 

Giantbank.com Rate 1.10% Yield 1.11% Min $2500 

AIG Bank Rate 1.09% Yield 1.10% Min $2500 

Nationwide Bank Rate 1.09% Yield 1.10% Min $10,000 

Union National Bank Rate 1.01% Yield 1.01% Min $5000 

Pentagon Federal Credit Union Rate 1.00% Yield 1.00% Min $1000 

Bank of Internet USA Rate 1.00% Yield 1.00% Min $1000 

First Internet Bank of IN Rate 1.00% Yield 1.00% Min $1000 

Flagstar Bank Rate 0.95% Yield 0.95% Min $500 

EverBank Rate 0.90% Yield 0.90% Min $1500 

American Express Bank Rate 0.90% Yield 0.90% Min $ 0 

Ameriprise Bank FSB Rate 0.75% Yield 0.75% Min $10,000 

ING DIRECT Rate 0.75% Yield 0.75% Min $ 1 

Zions Bank Rate 0.55% Yield 0.55% Min $1000