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MetLife Bank is offering a 12-Month Certificate of Deposit (CD) at 4.15% APY.

Both WaMu and Chase have started offering a competitive 60 month CD paying 5% APY. It's no surprise they are offering the same rate, since Chase purchased WaMu.

Dime Savings Bank if offering a competitive 9-month CD at 4.25% APY.

Irwin Union Bank of offering some competitive rates on non-traditional term CDs, including 40 month, 25 months, and 15 months.

Sovereign Bank is offering a competitive 4.25% APY 12-Month CD.

iGObanking.com is offering a competitive 9 month CD paying 4.15% APY.

In September, the FDIC raised the limit on deposit insurance from $100,000 per person to $250,000 per person. But the increase is not permanent. And after December 31, 2009, FDIC is set to roll back. That's important information for anyone interested in investing in longer-term CDs.

We noticed today that Crestmark Bank is not taking new CD money which we thought was a little strange. So we called them and spoke with their Controller who says this is just normal business and all is fine.

Citibank is offering a competitive 6 month CD paying 4% APY.

Bank of America is offering a promo for some of the professional organizations listed on the site - i.e. The Society of Mechanical Engineers - but they are open to everyone. When I contacted Bank of America about the CD rates they said no special validation was needed to open an account. That means everyone is eligible.

Today, the Fed cut rates by 50 basis points or 1/2 percent. Savings, CD, and Money Market rates will drop as a result.

I've seen a lot of ads on tv recently for Bank of America's "risk free CD" so I decided to give it a look. Here's what I found.

Everbank raised the rates on its 3 month CD and 6 month CD and now has the top rates for each term according to the BestCashCow rate tables.