Certificate of deposit terms for both types of CD accounts range between 3 months and 120 months. At this point in the ecomic cycle we do not recommend investing in certificates of deposit with terms longer than 12 months let alone a certificate of deposit term of 10 years.

Lock into a 10 year certificate of deposit when CD interest rates are high, just like rates were in the late 70’s and early 80’s. CD interest rates were in the double digits back in those days.

Discover Bank’s CD rates are the same for both regular CD rates and IRA CD rates as to August 4, 2010. Discover Bank’s current regular 12 month CD rates are at 1.49 percent with an annual percentage yield of 1.50 percent. 12 month IRA CD rates are also 1.49 percent with an APY of 1.50 percent.

Discover Bank CD Rates

• 3 Month CD Rates 0.65% APY 0.65%
• 6 Month CD Rates 1.14% APY 1.15%
• 9 Month CD Rates 1.14% APY 1.15%
• 12 Month CD Rates 1.49% APY 1.50%
• 18 Month CD Rates 1.59% APY 1.60%
• 24 Month CD Rates 1.88% APY 1.90%
• 30 Month CD Rates 2.03% APY 2.05%
• 3 Year Bank CD Rates 2.23% APY 2.25%
• 4 Year Bank CD Rates 2.42% APY 2.45%
• 5 Year Bank CD Rates 2.96% APY 3.00%
• 7 Year Bank CD Rates 3.20% APY 3.25%
• 10 Year Bank CD Rates 3.44% APY 3.50%

Bank CD interest rates might change at anytime. For a current list of CD interest rates at Discover Bank to to discoverbank.com.

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• Take advantage of promotional offers.  Many banks are offering cash for opening a new checking or savings account and fulfilling other requirements (such as debit card transactions or receiving online statements).  Don’t be afraid to take advantage of these offers.  However, be sure to fully understand the requirements to qualify for the promotional benefits.  Who said there’s no such thing as free money?
• Make saving a habit.  It may be tempting to spend those paychecks when they start rolling in, but resist the urge and start saving a portion of each check immediately.  The least painful way to achieve this is to schedule an automatic transfer from your paycheck to a savings account.  Furthermore, enroll in your employer’s retirement program if one is offered.
• Find a low-rate credit card.  If you’re going to use a credit card, might as well make sure it carries with it a low rate and minimal fees.  The easiest way to compare offers is to look online.

Learn how to control debt before it starts accumulating.  Manage debt early so that you already know how to borrow responsibly.  The skills you build now will benefit you when you need to figure out how to juggle your credit card, an auto loan, and a mortgage.  Just like your education, the skills acquired and mastered now will benefit you later in life.

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The credit union’s CD rates vary based on the deposit amount. Of course larger deposit amounts earn a higher CD interest rate and CD yield. The minimum opening deposit is $500 and jumbo CD accounts have the standard minimum of $100,000.

Credit Union’s CD Rates

CD rates – account balance of $500

• 90 Day 0.20% Rate 0.20% APY
• 6 Month 0.35% Rate 0.35% APY
• 90 Day Add-on CD 0.20% Rate 0.20% APY
• 6 Month Add-on CD 0.35% Rate 0.35% APY
• 1 Year .60% Rate .60% APY
• 18 Month .65% Rate .65% APY
• 2 Year 1.10% Rate 1.10% APY
• 3 Year 1.84% Rate 1.85% APY
• 4 Year 2.08% Rate 2.10% APY
• 5 Year 2.33% Rate 2.35% APY

CD rates - account balance of $10,000

• 90 Day .35% Rate .35% APY
• 6 Month .60% Rate .60% APY
• 1 Year 0.85% Rate 0.85% APY
• 18 Month 0.90% Rate 0.90% APY
• 2 Year 1.34% Rate 1.35% APY
• 3 Year 2.08% Rate 2.10% APY
• 4 Year 2.33% Rate 2.35% APY
• 5 Year 2.58% Rate 2.61% APY

CD rates - account balances of $25,000

• 90 Day .40% Rate .40% APY
• 6 Month 0.65% Rate 0.65% APY
• 1 Year 0.90% Rate 0.90% APY
• 18 Month 0.95% Rate 0.95% APY
• 2 Year 1.40% Rate 1.41% APY
• 3 Year 2.13% Rate 2.15% APY
• 4 Year 2.38% Rate 2.40% APY
• 5 Year 2.63% Rate 2.66% APY

Jumbo CD Rates - account balances of $100,000

• 90 Day .50% Rate .50% APY
• 6 Month 0.75% Rate 0.75% APY
• 1 Year 1.00% Rate 1.00% APY
• 18 Month 1.05% Rate 1.05% APY
• 2 Year 1.50% Rate 1.51% APY
• 3 Year 2.23% Rate 2.25% APY
• 4 Year 2.48% Rate 2.50% APY
• 5 Year 2.73% Rate 2.76% APY

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AIG Bank also is advertising other CD rates. AIG Bank also offers CD rates for financial advisors. AIG Bank’s Advisor CD interest rates are not as high as the bank’s retail CD Rates. For example, AIG Bank’s retail 6 month CD rates are 40 basis points higher than 6 month Advisor CD rates. Quite a wide spread considering the certificate of deposit term is only 6 months.

AIG Bank’s 12 month certificate of deposit has a bank CD rate of 1.48 percent with an annual percentage yield of 1.49 percent. AIG Bank’s CD interest rate is better than the current national average 12 month CD rate of 0.83 percent.

AIG Bank Retail CD Rates

• 6 Month Bank CD Rates 1.05% CD Yield 1.06%
• 12 Month CD Interest Rates 1.48% CD Yield 1.49%
• 18 Month CD Rate 1.59% CD Yield 1.60%
• 24 Month CD Rates 1.89% CD Yield 1.91%
• 36 Month CD Rates at Bank 2.27% CD Yield 2.30%
• 60 Months CD Rates 2.87% CD Yield 2.91%

CD rates change all the time. For a current list of retail bank CD interest rates and a list of current financial advisor CD rates from at AIG Bank go to aigbank.com.

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Flagstar Direct is current offering a 6 month CD rate at 1.24 percent with an APY of 1.25%. That CD rate and CD yield is one of the highest 6 month CD rates available right now.

Flagstar Direct;s 12 month certificate of deposit currently has a CD interest rate of 1.54 percent with an APY of 1.55 percent.

Flagstar Bank is also a member of the Certificate of Deposit Account Registry Service (CDARS) network. With CDARS you can deposit up to $50 million in certificates of deposit and still have Federal Deposit Insurance Corporation insurance protection. You can learn more about at CDARS.com.

Flagstar Bank’s Smart Choice CD rates are available in 12 month fixed rate CD and a 12 month variable rate CD. The current fixed CD rate is 1.49 percent with an annual percentage yield (APY) of 1.50 percent. The current variable CD rate is 1.34 percent with an APY of 1.35 percent.

Flagstar Bank CD Interest Rates and CD Interest Yields

• 12 Month CD Rates 1.54% CD Yield 1.55%
• 18 Month CD Rates 1.39% CD Yield 1.40%
• 24 Month CD Rates 1.59% CD Yield 1.60%
• 30 Month CD Rates 1.59% CD Yield 1.60%
• 36 Month CD Rates 2.32% CD Yield 2.35%
• 48 Month CD Rates 2.32$ CD Yield 2.35%
• 60 Month CD Rates 2.58% CD Yield 2.61%

Flagstar Bank 24 Month Rising Rate Internet CD APY

• First 6 Months APY 1.20%
• Second 6 Months APY 1.70%  
• Third 6 Months APY 2.20%
• Fourth 6 Months APY 2.70% 

CD interest rates might change at any time. For a current list of Flagstar Bank’s CD rates and CD deals to go flagstar.com.

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