This blog is dedicated to top 10 lists of CD Rates. Available interest rates for 2-year CDs will be featured first.
CD Rate Table*
|Airbanking, div. of MainStreet Bank||1.50%||57742|
|Ascencia, div. of PBI Bank||1.31%||9413|
|Velocity Credit Union||1.31%||68359|
|Landmark Bank, NA dba giantbank.com||1.14%||34832|
CD Rates continue to drop like rocks. I suspect if the Fed keeps their promise of keeping rates low into 2013, that 5-year CD rates will drop below 1.00% and 2-year rates will get to around 0.50%. So I wouldn’t hold off and hope for a better deal at this point.
The above sites provide access to rates that they find. I would suggest checking them out. I don’t believe the economy is going anywhere. If you can, now would be a great time to refinance mortgages, cars, trailers, etc. 15-year mortgage rates are in the mid-3.00%. We tried but our home value had dropped to far. Still we have decent rate at 5.87%. We bought our house about 9-years ago.
Anyway with rates as low as they are, paying off high interest debt gives you a much better return. Just some thoughts.
*Disclaimer: Banks and Credit Unions reserve the right to change their rates at anytime. Please let us know if listed rates have changed since being posted.