For shorter terms, Tennessee Commerce Bank has a 1-year CD with a 1.70% annual percentage rate.
The one year US Treasury rate is currently 0.34%.
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 Rates Survey as of March 8, 2010
|Term ||Highest |
(Click link for Full Rate Sheets)
|Vanguard Daily ||0.01% || Vanguard Prime Money Market Fund |
|Vanguard Tax Exempt ||0.09% ||Vanguard Tax Exempt Money Market Fund|
|FDIC Daily Savings ||1.45% ||Capital One Direct Bank|
|High Yield MM $10K+ ||1.44% ||Bank of Internet USA|
|6 Month CD ||1.36% ||State Bank of India|
|1 Year CD ||1.70% ||Tennessee Commerce Bank|
|18 - Month CD ||1.83% ||Aurora Bank|
|2 Year CD ||2.17% ||State Bank of India|
|3 Year CD ||3.00% ||PenFed CU & 2.60% @ iGObanking|
|4 Year CD ||3.25% ||PenFed CU & 2.98% @ National Bank of KC|
|5 Year CD ||3.50% ||PenFed CU & 3.29%@ EverBank|
|7 Year CD ||3.75% ||Pentagon Federal CU aka PenFed|
|10 Year CD ||3.63% ||Discover Bank |
- Easy to Read Best CD Rate Survey