Discover Bank is offering some of the highest CD interest rates available right now. Discover Bank is offering both regular CD rates and Individual Retirement Account (IRA) CD Rates.

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.

CALABASAS, CALIFORNIA – Along with optimism and a new diploma, graduates should be sure to arm themselves with top notch money skills when leaving the classroom and heading into the “real world.”  Informa Research Services, a subsidiary of Informa plc (LSE: INF), suggests a few simple ways for new graduates to manage their money more efficiently and prepare for the exciting life ahead (http://www.monitorbankrates.com/).

• 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.

Credit Union of Colorado has regular certificates of deposit (certificates), jumbo certificates of deposit, IRA certificates of deposit and two “Add-on” certificates of deposit. Regular certificates, jumbo certificates and IRA certificates are available in terms of 90 days to 5 years. The “Add-on” certificates are available in terms of 3 months and 6 months.

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

AIG Bank is advertising some of the highest CD rates available today. AIG Bank is advertising certificates of deposit with terms ranging between 6 months and 5 years. The minimum opening deposit for a certificate of deposit at AIG Bank is $2,500.

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.

Flagstar Bank is advertising several different types of certificates of deposit with some of the highest CD rates available right now. Flagstar Bank’s cetificates of deposit include regular CD rates, Smart Choice CD Rates and a 24 month Rising Rate Internet CD rate. Regular certificates of deposit are available in terms ranging between 6 months to 5 years.

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.

When you invest in a certificate of deposit you know the CD interest rate and your deposit amount. Wouldn’t it be nice to figure out before hand how much CD interest you are going to earn? Well you can by using a CD calculator. You can easily figure out how much interest you will receive when investing in a Certificate of Deposit (CD) when you use a CD Rate Calculator. 

Best of all you don’t have to purchase a CD calculator, several websites that center around finding the best CD rates also offer the use of CD calculators for free. When you find a website that has a calculator you like all you have to do is enter the CD Rate term, initial deposit, interest rate and the CD calculator automatically calculates the return.

This site, MonitorBankRates.com has a very good free CD calculator, they also offer a free CD ladder calculator which is a must of you’re laddering your certificate of deposit investment. There are also several other good CD calculators out there, all you have to do is search for them.

CD Calculators

Some CD calculators are more advanced that others. Some CD calculators also allow you to enter criteria like how interest is compounded, which usually is daily or monthly. When you enter the specific CD criteria, everything is calculated and the ending balance including interest earned is shown along with the Annual Percentage Yield (APY).

What is APY?

The APY on your investment is the Annual Percentage Yield. APY is the effective annual interest rate earned on a certificate of deposit. The certificate of deposit APY depends on the frequency of interest compounding and the interest rate.

The best way to compare the rate of return on a certificate of deposit is by using the APY since that is the actual interest you will earn on your investment. You can use the APY to compare certificates of deposit from several different banks.

Alabama Credit Union of Alabama is advertising some of the highest CD rates available at any credit union or bank.  The credit union is offering certificate of deposit accounts with terms between 6 months and 60 months.

The credit union is advertising regular certificates of deposit (certificates) and Individual Retirement Account (IRA) certificates of deposit. The minimum opening deposit for both types of CD accounts is $500 with one exception. The credit union’s 7 month certificate of deposit has a minimum opening balance of $5,000.

CD Rates and APY

• 6 months CD 1.25% rate 1.25% APY
• 7 months CD 1.50% rate 1.50% APY  $5,000 min
• 12 months CD 1.60% rate 1.61% APY
• 15 months CD 1.75% rate 1.76% APY
• 24 months CD 1.75% rate 1.76% APY
• 30 months CD 1.90% rate 1.91% APY
• 36 months CD 2.00% rate 2.02% APY
• 48 months CD 2.50% rate 2.52% APY
• 60months CD 2.75% rate 2.78% APY

As you can see both the short term certificates and long term certificates are some of the best CD rates and yields currently available. All certificates of deposit are insured by the NCUA.

For more information on joining Alabama Credit Union and the most recent CD rates visit: AlabamaCU.

Acacia Federal Savings Bank of Falls Church, VA, is advertising some of the best CD rates available today. The certificates of deposit are available in terms ranging from 3 months to 5 years. The bank is offering regular certificate of deposit rates and Individual Retirement Account (IRA) certificates of deposit.

The 12 month certificate of deposit rate is one of the better CD rates around. Currently, their 12 month CD rate is 1.64% with an annual percentage yield (APY) of 1.65%. The bank recently lowered their 12 month CD rate 5 basis points. 

Acacia Federal Bank is also advertising a special promotional 60 month IRA certificate of deposit. The current IRA CD rate is 3.44% with an annual percentage yield (APY) of 3.50%. The minimum opening deposit is $100.

Acacia Federal Savings Bank CD Rates

• 3 Month CD 0.90% Rate 0.90% APY
• 6 Month CD 1.05% Rate 1.05% APY
• 9 Month CD 1.29% Rate 1.30% APY
• 12 Month CD 1.64% Rate 1.65% APY
• 18 Month CD 1.78% Rate 1.80% APY
• 24 Month CD 2.03% Rate 2.05% APY
• 30 Month CD 2.18% Rate 2.20% APY
• 36 Month CD 2.62% Rate 2.65% APY
• 48 Month CD 2.96% Rate 3.00% APY
• 60 Month CD 3.25% Rate 3.30% APY

Acacia Federal has been in business in the Washington DC Metro area since 1985. Acacia Federal is a subsidiary of the Acacia Life Insurance Company. For more information and current CD rates and yields visit: afsbonline2.com

EverBank based in Jacksonville, Florida, is advertising several different types of certificate of deposit accounts.  Two of the types of CD accounts are not traditional but offer the chance to earn a higher rate of return but there is also a chance of losing some of your principal investment. 

EverBank’s Yield Pledge certificates of deposit are regular CDs without any risk. Your investment is protected by the Federal Deposit Insurance Corporation (FDIC) for up to $250,00 per deposit, per account, until December 31, 2013. After that date FDIC insurance protection reverts back to a $100,000 maximum.

The bank’s Yield Pledge Certificates of Deposit are available with terms between 3 months and 60 months. The minimum opening deposit is $1,500.

Current Yield Pledge CD Rates Yields:

• 3 month CD 0.85% Rate 0.85% APY
• 6 month CD 0.90% Rate 0.90% APY
• 9 month CD 0.90% Rate 0.90% APY
• 1 year CD 1.48% Rate 1.49% APY
• 1.5 year CD 1.48% Rate 1.49% APY
• 2 year CD 1.93% Rate 1.95% APY
• 2.5 year CD 1.98% Rate 2.00% APY
• 3 year CD 1.98% Rate 2.00% APY
• 4 year CD 2.64% Rate 2.68% APY
• 5 year CD 3.28% Rate 3.33% APY

EverBank’s CDARS certificates of deposit are insured for up to $50 million in FDIC protection because EverBank is a member bank of the The Certificate of Deposit Account Registry Service (CDARS). The minimum opening deposit for a CDARS certificate of deposit at EverBank is $10,000. For more information on how CDARS works visit: CDARS.com

Current CDARS CD Rates and Yields

• 3 month CD 0.24% Rate 0.24% APY
• 6 month CD 0.44% Rate 0.44% APY
• 1 year CD 0.75% Rate 0.75% APY
• 2 year CD 1.21% Rate 1.22% APY
• 3 year CD 1.59% Rate 1.60% APY

EverBank’s MarketSafe certificates of deposit are designed to keep your principal safe but you still have an opportunity to earn a higher return on your investment because it is based on the performance of a specific reference index. More information here: MarketSafe CD.

EverBank’s WorldCurrency certificates of deposit also give you the opportunity to earn a higher return on your investment but your principal investment is at risk. 

When you invest in a WorldCurrency CD you can benefit from the appreciation of currencies against the U.S. dollar because your investment is in deposits in other countries. The reverse can also happen, the dollar can appreciateagainst the currency your investment is in and could cause you to lose some of your principal. You can read more about WorldCurrency CDs here: WorldCurrency CD

Citibank is offering some very competitive CD rates for a national bank. The bank is offering a special promotional 24 month certificate of deposit. The current annual rate is 1.73 percent and the current annual percentage yield (APY) is 1.75 percent.

Citibank’s 12 month certificate of deposit rate and yield are higher than the national average CD rate and CD yield. Citibank is currently offering a 12 month CD rate at 1.19 percent with an APY of 1.20 percent.

Other CD rates include a three month CD rate of .25 percent with an APY of .25 percent. Five month CD rate and yield of .50 percent. An eight month CD rate and yield of .60 percent. Five year certificate of deposit rates are currently at 2.71 percent.

As you probably are aware the government has come to the rescue of Citibank last year during the height of the credit crisis. The bank has participated in the government’s Trouble Asset Relief Program (TARP).

Despite the fact the Citibank was in trouble last year there is little risk that the government will let Citibank fail because “its to big to fail”. That being said even if the bank did fail deposit accounts are still insured by the Federal Deposit Insurance Corporation (FDIC).

Citibank also offers credit cards, mortgages and auto loans.

Citibank CD Rates