Best CD Rates

We have been searching for the elusive 5.00% APY for a 1 year CD from a national bank, Washington Mutual's offer is over and it appears none of the major national banks are offering 5.00%  APY for a 1 year certificate of deposit.

Most banks are now offering a 1 year CD Rate between 3.50% to 4.50%. Bankrate.com list the national overnight average of 3.67%.  Here is a list of five national banks offering 1 year CD rates higher than the national average.

Special 6 month CD Rate from a local bank.

Dime Savings Bank of Williamsburg Brooklyn (New York) is offering one of the best CD rates, a very special promotional deal on a 6 month CD, the 6 month CD rate is currently 5.00% APY, that's right, 5.00% APY for a 6 month CD! The minimum opening deposit is $500. The bank has been around for over 100 years in the New York area.

To qualify for this high cd rate you have to open a Prime Dime Checking account, use direct deposit or pay one bill online each month. You have 90 days to meet both conditions, if you fail to meet the conditions the rate you receive on the 6 month CD will be 3.00%.  After 90 days if you meet one of the conditions the CD rate will be raised to 5.00%.

Dime Savings Bank 6 Month promotional CD Application