Whose offering 2.0% APY CD Rates?

September 10, 2011 1 Comment »

Despite the fact that CD rates are at these ridiculous low levels, consumers – who are tired of wadding into the stock market and are just looking for guaranteed returns – are still turning to these financial instruments to store their savings. Yes their yields are pathetic and yes the rate of inflation may be trumping any real positive gains from them, but it still beats stacking cash under the mattress.

Taking into consideration that the current national average for 1 year CD rates and 3 year CD rates sits at roughly 0.80% and 1.20% APY respectively, we thought we’d scrounge up the most noteworthy CD rates we could find that were providing yields above 2.0% APY and publish them in this post. And unfortunately, after compiling this list, we found that in order to yield 2.0% returns or above on your bank CD you’ll need to invest in at least 4 year terms.

CD Rates with yields above 2.0% APY:

(Rates accurate as of September 2011.)

1) El Paso Teachers Federal Credit Union offering a 48 month CD yielding 2.72% APY with a minimum deposit of $10,000 required. *Not available nationwide.

2) American Airlines Federal Credit Union offering a 48 month CD yielding 2.42% APY with a minimum deposit of $10,000 required. *Not available nationwide.

3) Alliant Credit Union offering a 48 month CD yielding 2.35% APY with a minimum deposit of $1,000 required. Available in several states. Visit AlliantCreditUnion.org for further information.

4) SeaComm Federal Credit Union offering a 48 month CD yielding 2.25% APY with a minimum deposit of $1,000 required. Available in many states in the Southeast.

5) Tarboro Savings Bank offering a 48 month CD yielding 2.28% APY with a minimum deposit of $500 required. This is a community Bank based out of North Carolina.

Know of a community bank or credit union with CD rates above 2.0% APY? Let us know by leaving a comment!

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  • Alison

    All of these CD rates aren’t available to most poeple.