Best CD Rate Update - 4.00% APY at PenFed CU

The top rates for CDs this week are at Pentagon Federal Credit Union (fondly known as PenFed CU) for 5 and 7-year certificates of deposit that currently pay 4.00% APY.

For shorter term, Flagstar Bank, has a 1-year CD with a 3.25% annual percentage rate.

For online savings, Tennessee Commerce Bank is paying 2.30%.

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. If that table is hard to read, then try Very Best CD Rates.

"Highest CD Rate Survey + Current US Treasury Rates"

Term	Date	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Daily Savings	6/4/09	0.42%	Vanguard Prime Money Market Fund
Tax Exempt	6/4/09	0.45%	Vanguard Tax Exempt Money Market Fund
High Yield MM	6/4/09	2.30%	Tennessee Commerce Bank in Franklin, TN
3-Month Treasury	6/4/09	0.14%	US Treasury Rates at a glance
6 Months	6/4/09	2.10%	Ally Bank
6-Month Treasury	6/4/09	0.26%	US Treasury Rates at a glance
1 Year	6/4/09	2.80%	Ally Bank
1 Year Treasury	6/4/09	0.46%	US Treasury Rates at a glance
18 - Months	6/4/09	2.72%	newDominionDIRECT.com
2 Years	6/4/09	2.75%	Ally Bank
2 Year Treasury	6/4/09	0.91%	US Treasury Rates at a glance
3 Years	6/4/09	3.50%	Pentagon Federal CU
3-Yr Treasury	6/4/09	1.49%	US Treasury Rates at a glance
4 Years	6/4/09	3.75%	PenFed Credit Union
5 Years	6/4/09	4.00%	Pentagon Federal CU
5 Yr Treasury	6/4/09	2.55%	US Treasury Rates at a glance
7 Years	6/4/09	4.00%	Pentagon Federal CU
5 Yr Treasury	6/4/09	3.30%	US Treasury Rates at a glance
10 Yr Treasury	6/4/09	3.70%	US Treasury Rates at a glance
10 Years	6/4/09	4.00%	Discover Bank
30 Yr Treasury	6/4/09	4.58%	US Treasury Rates at a glance

• Easy to Read Best CD Rate Survey
  
  
• US Treasury Rates at a Glance
  
  
• World Stock Markets 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.