GMAC Bank has top CD rates at 3.00% APY for many of their term CD’s: 12 month CD, 18 month CD, 2 year CD, and 3 year CD. 3% interest rates are very high at the moment and hard to come by. Some investment banks are offering certificate of deposit interest rates as low as .25%
online banking at http://www.citibank.com is offering 12 mo CDs with 2.40% apy interest rate. citibank cd’s are great because the rate is the same no matter if it’s a jumbo cd ($100k+ deposit) or a small cd with the minimum ($500). citibank offers a wide array of online banking services such as online savings accounts, online certificates of deposit, online ira accounts, online checking accounts, and even health care accounts. citibank is also well known for their creative credit card commercials. talk about history: citibank was founded all the way back in 1812, the same year that president james madison asked the congress to declare war on the united kingdom.
taken from the citigroup corporate website:
Citi’s diverse portfolio include Citi Cards, CitiFinancial, CitiMortgage, CitiInsurance, Primerica, Diners Club, Citi Private Bank, and CitiCapital.
dollarsavingsdirect has top 16 month cd rates with 3.500 percent apy. This is a very high yield for only 16 months. Open a new CD account at dollarsavingsdirect bank with a thousand dollars minimum initial deposit.
gmacbank.com has 12 month certificates of deposit at 3.500% APY interest. They have other certificates of deposit at terms of 60 months, 48 months, 36 months, 24 months, 18 months, 9 months, 6 months, and 3 months.
Ing Direct Bank has a high cd rate for a 6 month certificate of deposit at 2.75% APY.
ingdirect is an online bank that does business on the internet, by mail, and over the phone. They have the normal investment products (certificates of deposit, savings, IRAs, business CDs, ira CDs, interest bearing checking accounts, business savings accounts) as well as regular bank lending products (home mortgages, home loans.) There are IngDirect cafes in Chicago, Honolulu, Los Angeles, Philadelphia, New York City, Wilmington, and St, Cloud.
Taken from the ING DIRECT website:
Our unique approach to banking is backed by ING (NYSE:ING), a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in more than 50 countries. ING employs over 112,000 people in 50 countries, including more than 10,000 in the US, and has been operating in America for over 100 years. ING DIRECT is a member of the FDIC (Federal Deposit Insurance Corporation) which insures bank deposits up to $250,000.