That part of the private sector was to start releasing funds for investment in business and in the form of private loans to individuals. What has occurred instead was for the officers of the many financial institutions to take the huge profits they have earned and give themselves bonuses. This has kept the funds in the hands of very few people. The results are a stalled economy with just one main sector making huge profits.

When The FED finally decides to raise interest rates, the CD rates will rise and the wealth of the nation will increase. The argument against this approach is that this will make banks tighten their belts and for them to give out fewer loans. Since this portion is already occurring, higher interest rates should happen but the administration’s reluctance to act appropriately has hurt the average American investor to the point that the economy cannot recover.

There are a few CDs with rates over 3.00% APY on 5 year terms but they are becoming rarer and rarer. There are a few local institutions that are offering 6 month CDs with an APY of around 1.00% to attract new customers, but they are very small in number.

As an example of the larger financial institutions, Wells Fargo has a one year CD that is earning an APY of 0.15%. They are making their profits in fees being charged to the American consumer instead of making loans like they promised when they received the bail out money.

The high CD rates 2011 will likely be under 4.00% APY on long term CDs. Until the federal government makes the larger financial institutions to loosen their belts, higher rates will not occur

Wachovia offers several CD options and terms, all of which can be “rolled over” to auto-renew at current rates when they expire, so they continue to build.  They have two classes of CD rates at Wachovia: Featured CD and Fixed Rate CD.

A Featured CD is one in which the customer already has a relationship with Wachovia (checking, savings, etc.) and has a $5,000 minimum deposit to open and maintain the account.  These Wachovia CD rates are available in 3 terms.

On a 37-month term, the yield is 1.01% annual percentage yield (APY), on 45 months it’s 1.25% APY, and on 58 months it’s 1.76% APY.  Again, these require a Wachovia checking account and a $5,000 minimum.

Standard Fixed Rate CDs range from 3 months to 24 months with a $1,000 minimum deposit requirement to avoid fees.

The Wachovia Bank CD rate for 3 months is 0.01% APY, for 6 months it’s 0.10% APY, for 9 months it’s also 0.10% APY, and for 12 or 18 months it’s 0.15% APY.  At 24 months, it rises to 0.40% APY.  None of these rates are nationally competitive.

Wachovia, under Wells Fargo, is still fully FDIC insured.  Certificate of deposit accounts are covered up to $250,000 until January 1, 2013 when it reverts back to $100,000.

There are three basic CD rates at PNC Bank based on term and account type.  There is a fixed rate IRA option, a Callable CD, and a promotional fixed rate CD.

The Promotional PNC Bank CD rates are for a 9 month term with a minimum balance of $1,000 required to open and maintain the account.  It pays out 0.45% annual percentage yield (APY).  If you have a Premium Plan with PNC, the rate goes up to 0.47% APY and if you have a Performance Select Checking the rate goes up to 0.50% APY.

The IRA version of this account is the 9 month fixed rate with a minimum deposit of only $250 and the same returns (0.45%, 0.47%, and 0.50% APY, same stipulations).

Two Callable CDs are also offered for PNC CD rates.  These are CDs that allow you to close or withdraw from them once during their life span (term).  They come in a 36 month and 60 month option.  They require a $10,000 minimum deposit to open and maintain without fees and have a payout of 1.10% APY (36 months) and 1.75% APY (60 months), regardless of your relationship with the bank.

Other, standard CD rates at PNC Bank are also available in terms ranging from 1 month to 84 months.  These have rates that are generally in line with national averages, starting at 0.10% APY.  All but the one month require a $1,000 minimum deposit to open and maintain.  The 84 month offer gives 1.75% APY.

PNC Bank is fully FDIC insured.

TD offers a basic certificate of deposit package with a 9 month term at a 0.75% annual percentage yield (APY).  This account requires a $250 minimum deposit to open and maintain, has no fees, and is also available as an IRA.  Some local TD branches also have specific terms and CD rates at TD Bank.

An interesting No Catch offer is made in two terms with a $250 minimum deposit.  This CD allows one penalty-free withdrawal during the term, though minimum maintenance deposits do apply.  For this, a six month term gives a 0.45% APY while a 12 month term gives a 0.40% APY.

The most popular CD rates at TD Bank are probably their Step Rate CDs.  These also have a $250 minimum deposit requirement, but the CD rates at TD Bank for these certificates rise over time.  A 3 year term gives an average of 1.08% APY, starting at 0.90% APY for year 1, rising to 1.09% APY in year 2 and then again to 1.24% APY in year 3.

A 5 year term gives average CD rates of 1.80% APY starting at 0.75% APY for the first year, going to 1.00% APY in year 2, 1.74% APY in year 3, 2.23% APY for year four and then 3.20% APY for the final year.

Many of these offers are competitive nationally.  All TD Bank accounts are fully insured with the FDIC as required by law.

We will start with a 6 month term and move on to a 1 year, 3 year and a 5 year term.  We’ll rank results by annual percentage yield (APY) and give deposit requirements as well.

6 Month Term Ohio CD Rates

Flagstar has the Ohio high CD rates for this term at 1.25% APY with a $500 minimum deposit.  Ally comes in with a 1.14% APY and no minimum deposit requirement.  Huntington Bank has a 0.21% APY and Chase and PNC Bank have 0.20% APY offers with a $1,000 minimum deposit requirement for all three banks.

1 Year Term Ohio High CD Rates

Flagstar is still on top at 1.55% APY with a $500 minimum deposit.  Ally is again next at 1.48% APY and no minimum deposit.  PNC Bank has a 0.55% APY offer with a $1,000 minimum deposit required.

3 Year Term Highest CD Rates in Ohio

Ally moves ahead with a 2.24% APY and no minimum deposit requirement.  PNC Bank steps up with a 1.05% APY and a $1,000 minimum deposit requirement followed by Fifth Third Bank with a 0.90% APY and a $500 minimum deposit required to open and maintain.

5 Year Term Ohio CD Rates

Ally is still ahead here with a 2.94% APY and no minimum deposit required.  PNC Bank has a 1.50% APY with a $1,000 minimum and Chase has a 1.25% APY with the same $1,000 minimum.  Huntington Bank has a 1.23% APY that’s worth mentioning as well.

All banks listed are FDIC insured.

Bank of Oklahoma is a major financial institution in American Midwest region. Their financial position remains relatively stronger and the bank offers a number of account options and saving schemes. Bank of Oklahoma CD rates are of particular interest to people as they offer the highest rate of return and ensure the long-term security of deposit with uniform rates.

CD rates at Bank of OK are the lowest for one month of investment. The bank is offering an APY of 0.05% for this CD. A 3-month CD will return an APY of 0.10%. A 6-month CD at OK Bank yields 0.20% and a 9-month CD returns an APY of 0.30%.

OK Bank CD rates for the standard one year investment are currently estimated at 0.45%. An 18-month CD returns an APY of 0.85%. A 2-year investment at OK Bank returns an APY of 1.20% and a 3-year investment will yield 1.75%. A 4-year CD at OK Bank offers an APY of 2.15%. A 5-year CD at the bank will return an APY of 2.55%. Highest return is available on the seven year certificate where investors can earn as high as 3.20% in APY.

OK Bank holds the right to deduct money from CDs in case of early withdrawals or other violations of user agreement. Each CD account is granted full online access and transactions along with free transfers. Investors can find further information about these certificates by visiting the company website or calling its contact center.

Golf Savings Bank is a small financial institution that is serving its community in an excellent manner. The bank offers many savings and checking accounts and also has an active CD program. It has also made strides towards other avenues of banking and finance and has made some progress in recent years.

Golf Savings Bank CD rates for a 6-month investment are currently estimated at 1.15% APY. A 3-month CD at the bank returns an APY of 0.94% whereas a 9-month CD offers an APY of 1.30%.

CD rates at Golf Savings for a standard investment of one year are 1.60%. A 2-year CD at the bank will return an APY of 2.00% whereas a 3-year CD will yield 2.30%. A 4-year CD at Golf Savings Bank offers an APY of 2.45% and a 5-year CD returns an APY of 2.80%. These rates are valid for amount s

Golf Savings CD rates for investments greater than $90,000 have relatively lower rates. A one year CD under this investment will yield 1.50% instead of 1.60%. A 5-year CD for investments greater than $90,000 will return an APY of 2.70% against the 2.80% available on investments lower than this threshold. The bank also offers a 15-month BUMP CD that offers an APY of 1.70% for investments lower than $90,000 and 1.60% APY for investments greater than $90,000. Standard rules and regulations apply on these investments and the bank reserves the right to deduce payments in case of violation of user agreements and early withdrawals.

Third Federal Bank is a premier financial institution that offers a range of financial products. Third Federal CD rates are of particular interest to people that are looking for high Annual Percentage Yields and want to secure financial stability in the longer run.

CD rates at Third Federal for a six months investment are currently estimated at 1.00% APY with a minimum investment of $500. Standard investment of one year offers an APY of 1.20% while the minimum deposit remains the same at $500. An 18-month investment offers a return of 1.50%.

Third Federal Bank CD rates for a 2-year investment are currently priced at 1.80% whereas a 30-month investment will return an APY of 2.00%. A 3-year investment at Third Federal Bank yields 2.25% whereas a 4-year CD will return an APY of 2.75%. A 5-year investment at Third Federal returns an APY of 3.00%. The highest possible return is available on 6-year CD where the bank offers an APY of 3.25%.

Minimum deposit is $500 for all terms and durations of CD investments. The bank offers a comparison tool on its website where customers can compare the bank CD rates with their competitors to ascertain the real worth of company products. Standard rules and regulations apply on CD investment and the bank might deduct money from the certificates in case of any violations. CD rates are also subject to change but only for the new customers. Those already made investments in the company will enjoy the current premium APY of Third Federal.

Highest CD rates in the United States are not offered by a single financial institution. Although some financial agencies do offer higher APY but these rates are often matched by other companies. People looking for the highest rates need to open their accounts with banks that have a consistent record of paying higher APYs.

As of February 26, 2010, following banks and financial institutions offers the highest APYs. Highest rates are currently available at newdominionDIRECT.com with an APY of 1.67%. State Bank of India offers the second best rates at 1.66% followed by OneWest Bank FSB at 1.65% APY. Aurora Bank FSB offers an APY of 1.60% for one year investment.

CD rates highest for three year investment are offered by Lake Success, NY-based iGObanking.com at an APY of 2.60%. State Bank of India offers the second best APY of 2.52% with newdominionDIRECT.com offering an APY of 2.51%. Stonebridge Bank offers an APY of 2.50% for three years of investment; USAA bank also offers the same APY as is Discover Bank.

Jacksonville, FL-based EverBank offers the highest APY for 5-year CDs. The bank is currently offering an APY of 3.47%. OneWest Bank offers the second best APY of 3.30% followed by the State Bank of India at 3.29%. iGObanking.com offers the fourth best APY of 3.25% with National Bank of Kansas City offering the sixth best rate of 3.22%. First Internet Bank of Indiana comes at the seventh position with an APY of 3.20%.

Citibank is one of the largest banks in the United States and despite its poor performance in recent quarters; it has managed to do relatively well and stay afloat while its competitors fell pray to a massive financial crisis. Citibank CD rates reflect the company business strategy and its outlook on attracting future investments.

Citibank requires a minimum deposit of $500 for opening a CD account. A 3-month CD at the bank currently returns an APY of 0.25%. A 6-month CD returns an APY of 0.35% whereas a 9-month CD returns an APY of 0.50%.

CD rates at Citibank for the standard investment of 1-year currently accrue an APY of 0.85%. An 18-month CD returns an APY of 1.00%. A 2-year investment at Citibank returns an APY of 1.15%.

A 30-month CD will yield 1.25% whereas a three year investment returns an APY of 1.50%. A 4-year investment returns an APY of 2.00% whereas a 5-year investment will yield 2.50%. There is also an option of investing in option CD with a standard APY of 0.50%. Interest is paid monthly on all CDs that have terms greater than a year; otherwise, it is paid on the maturity of the certificates.

CDs are renewed automatically on the maturity though a grace period of seven days is given so that the customers can rethink their options. Penalties are applied in case of early withdrawals but no fees are charged otherwise. All online banking features are applicable on CD investments.