CD Rates At or Above 3% APY

CD Rates continue their inexorable match downward. It was only a few months ago that a top five year CD rate could get as much as 3.30% APY. Now, according to the BestCashCow database there are only a few banks in the U.S. offering 60 month CDs at 3% APY or above. Below are a few of them:

• North Shore Bank, a Co-operative Bank located in Peabody, MA is offering a 60 month CD that pays 3.00% APY. The bank has 8 branches and $450 million in assets.

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  Citizens Progressive Bank located in Columbia, LA is offering a 60 month CD that pays 3.03% APY. The bank has 4 branches and $75 million in assets.

• Adrian State Bank located in Adrian, MN is offering a 60 month CD paying 3.02% APY. The bank has 1 branch and $34 million in assets.

There are still plenty of banks offering five year cd rates between 2.75% - 2.85% APY. You can use BestCashCow to find the best cd rates in your local area by clicking through on the CDs tab above.

Research has also shown that on average, banks that offer high deposit rates are a slightly healthier than their peers that offer average or below average rates.