High CD Rates

Here at High CD Rates Info, we’re looking at the best bank rates available for 2010, right now.

Current CD rates depend on market conditions and other factors of the financial industry, including regulatory interventions. CD rates are generally following a moderate pattern although there are frequent fluctuations between these rates. For a 1-year investment, current cd rates for 2010 are as under.

For 5-year CDs, APY are always the highest as this is the standard long term investment. Although seven and 10 year investment options are also available but customers generally opt for the five year option. Capital One Direct Banking is currently the highest APY of 3.25% for a minimum deposit of $5,000. Discover Bank offers the same APY but has a lower requirement of minimum deposit at $2,500.  Ally Bank offers an APY of 3.10% and does not have any minimum deposit requirements.

For 3-year investments, Discover Bank offers the best APY of 2.50% with a minimum deposit of $2,500. Ally Bank offers an APY of 2.49% and does not have any minimum deposit requirements. Aurora Bank, FSB offers an APY of 2.42% with a minimum deposit requirement of $1,000.

For one year term of investment, Colorado Federal Savings Bank is offering the highest APY for a minimum investment of $5,000. It is offering an APY of 2.00% at this investment. Charlotte, North Carolina-based newdominionDIRECT.com is second with an APY of 1.92%. It requires a minimum investment of $3,000. Ascencia, a division of PBI Bank offers current bank CD rates at an APY of 1.91% at a minimum investment of $500.