For shorter terms, ING Direct has a 1-year CD with a 2.00% annual percentage rate. I bought one yesterday.
The one year US Treasury rate is currently 0.35%.
With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities
The table below shows the best CD rates for other terms. If that table is hard to read, then try Very Best CD Rates.
|Term ||Date ||Highest |
(Click link for Full Rate Sheets)
|Vanguard Daily ||12/15/09||0.08% || Vanguard Prime Money Market Fund |
|Vanguard Tax Exempt ||12/15/09||0.13% ||Vanguard Tax Exempt Money Market Fund|
|FDIC Daily Savings ||12/15/09||1.70% ||Colorado Federal Savings Bank => Full Rate Survey |
|High Yield MM ||12/15/09||1.60% ||Bank of Internet USA|
|6 Month CD ||12/15/09||1.55% ||UFB Direct|
|1 Year CD ||12/15/09 ||2.00% ||ING Direct|
|18 Month CD ||12/15/09||2.05% ||Colorado Federal Savings Bank|
|2 Year CD ||12/15/09||2.25% ||Discover Bank|
|3 Year CD ||12/15/09||2.99% ||Goldwater Bank|
|4 Year CD ||12/15/09||3.00% ||Capital One Direct Bank |
|5 Year CD ||12/15/09||3.35% ||Goldwater Bank|
|7 Year CD ||12/15/09||4.00% ||Pentagon Federal CU|
|10 Year CD ||12/15/09||3.70% ||Discover Bank |
- Easy to Read Best CD Rate Survey
|TERM||MATURITY DATE||YIELD % |