Top 9 Month CD Rates Struggle to Hit 1.0% APY

September 17, 2011 2 Comments »

The best 9 month CD rates from our database topped out at a paltry 1.0% APY this week, with the best 12 month CDs hitting just 1.20% APY (related: see top CD rates from around the country).

You may be able to find a local community bank or credit union offering a slightly higher interest rate, however, these institutions tend to be fairly exclusive, with membership based on location or place of employment. You can get a rundown of our top CD rates from credit unions in 2011 to compare their APY’s -or- skim through our list below of the top three 9 month CD rates from credit unions around the country.

Today’s top CD rates available online:

- 3 month CD yielding 0.60% APY with a minimum deposit of $1,000 required (OneWest Bank)

- 6 month CD yielding 1.00% APY with a minimum deposit of $1,000 required (Aurora Bank and Ascencia Bank)

- 9 month CD yielding 1.00% APY with a minimum deposit of $1,000 required (Discover Bank and GiantBank)

- 12 month CD yielding 1.20% APY with a minimum deposit of $1,000 required (SallieMae)

While we wouldn’t recommend locking in a bank deposit with a longer term than 12 months due to the historically low yields of these products, you can still find CD rates above 2% with longer maturities.

Best 9 Month CD Rates from Credit Unions:

- Navy Federal Credit Union has a 9 month CD yielding 0.80% APY with a minimum deposit of $10k required.

- Affinity Credit Union has a 9 month CD yielding 0.75% APY with a minimum deposit of $500 required.

- Velocity Credit Union has a 9 month CD yielding 0.60% APY with a minimum deposit of $1k required.

Have you locked in a 9 month CD with you local bank or credit union with a larger annual percentage yield? Please share by leaving a comment!

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  • Ben

    Connexus Credit Union has a 12 month CD yielding 1.50% APY, but you need an active checking account with them also

  • BankVibe

    @ Ben, yea there are a few deals out there like that.

    We try to find independent accounts though, with the highest returns and least restrictions & fees.

    If you’re looking for a checking + CD account with a noteworthy APY on the CD, you should shop around at some of the larger (and easier to join) credit unions. For example, Navy Fed Credit Union has a 3.0% APY 12 month CD but you’ll need a checking account with them as well, plus it only allows up to $3k in deposits.

    We’ll be covering this deal in depth later this week.