Best CD Rates Blog

Bank of America’s CD Rates aren’t necessarily the best rates available, but in light of the recent credit worries, you might feel safer putting your money in a large and reputable bank such as Bank of America or Wells Fargo.

Bank of America is currently offering a 4 month high yield CD with a 5.1% APY. They also have a risk free CD with a 4.85% APY return and a 11 month term. Both certificate of deposits require a $5,000 minimum balance.

It has taken some time, but Bank of America and other brick and mortar banks such as Wells Fargo and Washington Mutual are finally starting to raise their rates to levels that are competitive with other online banks.

Tech Credit Union of California (CA) is offering a new 6.00% APY certificate with a 6 month maturity. Minimum deposit for this CD rate is $10,000.

To open a CD, visit your local branch in Cupertino, Dublin, Fremont, Milpitas, Mountain View, San Jose, Santa Clara, Santa Teresa, or Sunnyvale. You can also call (408) 451-9111 or (800) 553-0880.

Field of Membership requirements:

• Live, work, worship, or attend school in Santa Clara County, San Mateo County, Alameda County, Contra Costa County, Santa Cruz County, or San Francisco County.
• Be an employee of a Tech CU Member Company.
• Be a relative of or reside with a current Tech CU member.

You must open a savings account and deposit $25 to become a member. Tech CU is insured by the NCUA.

Fidelity & Trust of Washington DC is offering a high promotional 5.75% APY 9-month certificate of deposit. Minimum deposit on this CD is $1,000.

It appears to be a local deal for the DC Metro area. Branches are located in Bethesda, Rockville and Silver Spring, Maryland; Vienna Virginia and in Washington DC. The bank is FDIC insured.

Wells Fargo is a well known brick and mortar bank. Unfortunately, their CD rates are a bit lower than the highest CD rates available. Currently the Wells Fargo website is offering two special CD rate promotions at 4.90% 3 month and 5.00% 6 month certificate of deposits. These rates are decent, but nowhere near the top CD rates.

Their other rates range from 2.00% APY on the low end to 4.20 on the high end. I would recommend shopping around and comparing CDs before choosing Wells Fargo. Realistically the only reason you might choose Wells Fargo CDs are for convenience or because you feel that the other banks are not safe. However, almost all online banks are FDIC insured for up to $100,000.

Agriculture FCU of Washington DC is currently offering a 10 month certificate of deposit promotion with a high yield of 6.00% APY. The minimum deposit is $5,000. You can apply online for both membership and to open this CD.

Field of membership includes members of CityDance Ensemble. CityDance has open membership to anyone that pays membership dues of $20.00. This membership can be done at the same time that you apply for credit union membership. They have an online membership application in which you can join CityDance for $20, join the credit union for a $5 initial deposit to the Primary Share account, and open the CD. Field of membership also includes those who live, work or worship in Washington DC plus other group affiliations.

Branches are located in Washington DC, Riverdale, Maryland, and Alexandria, Virginia. AFCU is also part of National Shared Branching network in which you can use local credit unions to access your account and conduct many transactions.

Agriculture Federal Credit Union is federally insured by the NCUA.