Choosing the best certificate of deposit account requires taking a lot of factors into consideration, especially the interest rate. Whether you’re in search of a short-term six month CD, or are willing to commit to a longer investment period of one or two years in order to earn a higher rate, CD interest rates vary by location and financial institution. That’s why finding an account with the highest CD rate that also meets your savings needs and goals is crucial to making a wise investment. 
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
|
1.10%
As of May 14, 2012
|
 |
CIT Bank
|
CD Account |
|
1.09%
As of May 15, 2012
|
|
Ally Bank
|
CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
|
1.26%
As of April 26, 2012
|
View Rate Details | First Eagle Federal Credit Union | CD Account |
|
1.10%
As of May 11, 2012
|
View Rate Details | Mutual Federal Savings and Loan Association of Chicago | CD Account |
|
1.10%
As of April 24, 2012
|
View Rate Details | United Central Bank | CD Account |
|
1.06%
As of May 11, 2012
|
View Rate Details | The National Republic Bank of Chicago | CD Account |
|
1.05%
As of April 27, 2012
|
View Rate Details | Loyola University Employees Credit Union | CD Account |
|
1.00%
As of May 9, 2012
|
View Rate Details | Chicago Municipal Employees Credit Union | CD Account |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
| Northstar Credit Union - 12 Month CD Account | 0.50% to 0.45% | May 11, 2012 | |
| Baytree National Bank - 12 Month CD Account | 0.35% to 0.60% | May 7, 2012 | |
| Chiphone Credit Union - 12 Month CD Account | 0.15% to 0.10% | May 4, 2012 | |
| Crystal Lake Bank - 2 Year CD Account | 0.65% to 0.60% | May 3, 2012 | |
| Edgebrook Bank - 12 Month CD Account | 0.60% to 0.55% | May 2, 2012 | |
| Access Credit Union - 12 Month CD Account | 0.45% to 0.40% | May 1, 2012 | |
