With rates dropping all over the board, it has become harder and harder to find good rates on certificate of deposits. Here’s a current listing of the best short term CD rates available today:

IndyMac Bank holds the top rate for 3 month CDs , with 4.25% APY on their 3 month CD. Minimum deposit is $5,000.

Countrywide Bank has the best rate for the 6 month CDs, with 4.30% APY on their 6 month CD. Minimum deposit is $10,000.

With rates dropping so quickly, it might be a better idea to maintain liquidity by investing in short term CDs or even high yield savings accounts such as Washington Mutual’s Free Checking/Savings Account, or E*Trade Financials Complete Savings.