The top rate for a certificate of deposit (CD) this week is at Pentagon Federal Credit Union (fondly known as PenFed CU) where you can get a 7-year certificate that currently pays 3.75% APY.
For shorter terms, Sallie Mae Bank has a 1-year CD with a 1.55% 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.
For Larger Text: If that table is hard to read, then try Very Best CD Rates.
Highest CD Rates Survey as of August 3, 2010
| Term | Highest Rate (APY) | Where? (Click link for Full Rate Sheets) |
| Vanguard Daily | 0.12% | Vanguard Prime Money Market Fund |
| Vanguard Tax Exempt | 0.14% | Vanguard Tax Exempt Money Market Fund |
| FDIC Daily Savings | 1.40% | Best Savings Account Rate Survey |
| 6 Month CD | 1.25% | Flagstar Bank |
| 1 Year CD | 1.55% | Sallie Mae Bank & 1.50%@ Discover Bank |
| 1 Yr US Treasury | 0.25% | US Treasury Rate Quote |
| 18 - Month CD | 1.70% | newDominionDIRECT |
| 2 Year CD | 2.00% | newDominionDIRECT & 1.94% Bank of Internet |
| 3 Year CD | 2.40% | newDominionDIRECT |
| 4 Year CD | 2.60% | newDominionDIRECT |
| 5 Year CD | 3.05% | Astoria Federal Savings Bank |
| 5 Yr US Treasury | 1.55% | US Treasury Rate Quote |
| 7 Year CD | 3.75% | Pentagon Federal CU aka PenFed |
| 10 Year CD | 3.50% | Discover Bank |
| 10 Yr US Treasury | 2.91% | US Treasury Rate Quote |
- Easy to Read Best CD Rate Survey
The one year US Treasury rate is currently 0.28%.
- Quotes: US Treasury Rate Quotes
- Graphs: US Treasury Rates at a Glance
