Best CD Rate Update - 5.0%

The top rate for CDs this week is 5.00% at Washington Mutual, also known as WaMu, for a 5-year certificate of deposit.

For shorter term, Corus Bank has a 6-month CD with a 3.50% annual percentage rate .

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities

The table below shows the best CD rates for other terms.

"Highest CD Rate Survey + Current US Treasury Rates"

Term	Date	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Daily Savings	12/21/08	2.43%	Vanguard Prime Money Market Fund
Tax Exempt	12/21/08	1.03%	Vanguard Tax Exempt Money Market Fund
Online Savings	12/21/08	3.00%	High Performance Money Fund @ Wachovia Bank
3-Month Treasury	12/21/08	-0.01%	US Treasury Rates at a glance
6 Months	12/21/08	3.51%	Fultdirect.com & 3.50% @ Corus Bank
6-Month Treasury	12/21/08	0.14%	US Treasury Rates at a glance
7 Months	12/21/08	2.00%	Wachovia Bank
1 Year	12/21/08	3.90%	MetLife Bank
1 Year Treasury	12/21/08	0.37%	US Treasury Rates at a glance
18 Months	12/21/08	3.95%	MetLife Bank
2 Years	12/21/08	4.25%	MetLife Bank
2 Year Treasury	12/21/08	0.74%	US Treasury Rates at a glance
3 Years	12/21/08	4.35%	MetLife Bank
3-Yr Treasury	12/21/08	1.03%	US Treasury Rates at a glance
4 Years	12/21/08	4.51%	Flagstar Bank & 4.35% @ MetLife Bank
5 Years	12/21/08	5.00%	Washington Mutual - WaMu
5 Yr Treasury	12/21/08	1.36%	US Treasury Rates at a glance
7 Years	12/21/08	4.75%	Pentagon Federal Credit Union
10 Yr Treasury	12/21/08	2.12%	US Treasury Rates at a glance
10 Years	12/21/08	4.15%	Intervest National Bank
30 Yr Treasury	12/21/08	2.55%	US Treasury Rates at a glance

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities