The top rate for a certificate of deposit (CD) this week is at Pentagon Federal Credit Union (fondly known as PenFed CU) where you can get a 7-year certificate that currently pays 3.75% APY.
For shorter terms, State Bank of India has a 1-year CD with a 1.76% annual percentage rate.
The one year US Treasury rate is currently 0.30%.
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.
For shorter terms, State Bank of India has a 1-year CD with a 1.76% annual percentage rate.
The one year US Treasury rate is currently 0.30%.
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.
"Highest CD Rates Survey - Current US Treasury Rates
(All rates here current as of 2/1/10)
| Term | Highest Rate (APY) | Where? (Click link for Full Rate Sheets) |
| Vanguard Daily | 0.03% | Vanguard Prime Money Market Fund |
| Vanguard Tax Exempt | 0.10% | Vanguard Tax Exempt Money Market Fund |
| 6 Month CD | 1.36% | Ascencia Internet Bank |
| 1 Year CD | 1.76% | State Bank of India |
| 18 - Month CD | 1.86% | Aurora Bank |
| 2 Year CD | 2.20% | Discover Bank |
| 3 Year CD | 2.60% | Nationwide Bank |
| 4 Year CD | 3.03% | National Bank of Kansas City |
| 5 Year CD | 3.35% | iGObanking.com |
| 7 Year CD | 3.75% | Pentagon Federal CU |
| 10 Year CD | 3.70% | Discover Bank |
With rates so low, banks will try to sell you their annuity products. Make sure you read the article: Beware of Annuities.
