You can often get higher than advertised rates at your local branch if you do your homework. Print out the "Highest CD Rate Survey" and bring it in with you. Also print out some of the advertisements showing rates advertised on your bank's competing web sites so you have proof. (Make sure the date shows on your printout so they know it is current.) Bring in the survey and ask them to beat or at least meet the best advertised rate. They often will do this to keep your business or to keep you walking out the door.
- The best CD rate 1 year or less is 1.55% at Aurora Bank.
- The highest CD rate of any term is 3.60% at Discover Bank for a term of 10 years.
- I Bonds: Very attractive rate: Recommended in both my newsletters at current rates.
| Term | Highest Rate (APY) | Where? (Click link for Full Rate Sheets) |
| 6 Month CD | 1.28% | Aurora Bank |
| 1 Year CD | 1.55% | Nova Bank & Aurora Bank |
| 1 Yr UST | 0.43% | US Treasury Rate Quote |
| 18-Mo CD | 1.79% | Aurora Bank |
| 2 Year CD | 2.05% | TriState Capital Direct |
| 3 Year CD | 2.50% | PenFed CU & TriState Capital Direct |
| 4 Year CD | 2.92% | Bank of Internet USA |
| 5 Year CD | 3.30% | EverBank |
| 5 Yr UST | 2.59% | US Treasury Rate Quote |
| 7 Year CD | 3.51% | Pentagon Federal CU |
| 10 Yr CD | 3.60% | Discover Bank |
| 10 Yr UST | 3.86% | US Treasury Rate Quote |
If the above text is too small to read, then read it "HERE in a larger font."
Be careful when you go to your bank and ask for their best rate. They will often use that as an excuse to sell you an annuity that sounds good on the surface, but is far more profitable for them due to the higher fees.
Make sure you read the Article: Beware of Annuities
