best bank cd rates
Getting the Best Bank CD Rates
The best bank CD rates you can find right now is usually online even though the “best CD rates” are that high at all. Most CD rates at banks are around 1.00% right now and the highest CD rates at smaller banks and credit unions can be found at high at 1.75%. Mortgage rates today are around 4.00% and will move higher when interest rates in general move higher.
A small bank in Little York, Illinois, Reynolds State Bank, has current 12 month CD rates that are some of the highest CD rates available right now. Current 12 month CD interest rates at this bank are 1.99 percent with a yield of 2.01 percent.
Another small bank in Illinois, Buffalo Prairie State Bank, has 1 year bank CD rates at 1.85 percent with an APY of 1.86 percent. That rate is another excellent CD bank rates available right now.
One national bank that has good CD rates but not as high as the banks mentioned above is Discover Bank. The bank is advertising 12 month rates at 1.19 percent with an APY of 1.20 percent.