The average yield for the best one year CD rates in United States fell by eight basis points or 8/100 of a percent to 2.30% for the week ending June 19, 2009. The highest rate on a one year certificate of deposit available nationally has an interest rate of 2.38% down 15 basis points from last week’s top rate. The deviation between the highest one year CD rate and the lowest rate on the top ten list of bank rates with this term has narrowed appreciably to just 13 basis points.
The best one year CD rate comes from State Bank of India with the rate of 2.38%. State Bank of India is chartered as a U.S. branch of a Foreign Institution. The primary regulator for State Bank of India is the Federal Deposit Insurance Corporation (FDIC). The bank has been FDIC insured since December 29, 1975.
Amboy Direct offers the next best bank rate with a one year CD that earns a rate of 2.35%. Third place for a CD with a one year term is another five basis points lower at 2.30% and is available at five different US banks. Ally Bank, Wilshire State Bank, Discover Bank, NewDominion Bank and FirtsFedDirect all promote one year CDs that yield 2.30%. The people’s bank or AIG Bank has a one year CD rate four basis points lower at 2.26%. The top ten list of one year CD rates winds up with Ascencia and UmbrellaBank.com offering six month CD rates at 2.25%.
SelectCDrates.com is the leading industry tool for selecting the best CD rates. SelectCDrates.com provides bank rate data on banks locally and nationally to help consumers quickly find the best rates to fit their needs. SelectCDrates.com achieves the goal of publishing the best rate information by searching for the highest bank rates with web crawlers, telephone surveys and local market research. SelectCDrates.com staff provides current statistics on economics news that impacts the bank and credit markets as well as in depth articles on bank products and services. To view all the bank CD rates and articles visit http://www.selectcdrates.com. Sister sites include http://www.bestcreditcardrates.com and http://findlocalmortgagerates.com.
