As 2012 comes to a close and we head into a new year, many people are setting new year’s resolutions to make smart choices in 2013 and improve their lives. Many of these resolutions will center around saving more money, and what better way to meet this goal than open an account with one of the highest interest rates today?
Go Banking Rates performed a study of the deposit interest rates offered by the more than 4,000 banks and credit unions in it’s interest rate database to determine where the top rates on savings accounts and certificates of deposit in the U.S. can be found. Below are the national averages for interest rates on savings accounts, 6-month CDs, 1-year CDs and 2-year CDs, as well as the top ten financial institutions currently offering the best interest rates in each category.
Interest Rates Today: National Averages
| Account Type | APY |
| 6-Month CD | 0.32 |
| 1-Year CD | 0.47 |
| 2-Year CD | 0.70 |
| Savings Account | 0.21 |
Best Savings Account Rates in U.S.
| Institution Name | Savings Rate | City | State |
| Biscayne Bank | 1.00 | Miami | FL |
| Puerto Rico Credit Union | 1.01 | San Juan | PR |
| State Farm Federal Credit Union | 1.01 | Bakersfield | CA |
| Telhio Credit Union | 1.01 | Hilliard | OH |
| Delaware Alliance Credit Union | 1.05 | New Caste | DE |
| People’s First Federal Credit Union | 1.25 | Tarrant | AL |
| Salem Five Direct | 1.25 | Salem | MA |
| Corps Of Engineers Credit Union | 1.26 | Fort Worth | TX |
| Houston Police Credit Union | 1.51 | Houston | TX |
| Twinstar Credit Union | 1.60 | Renton | WA |
Today’s Best CD Rates
| Institution Name | 6-Mo CD Rate | City | State |
| Houston Police Credit Union | 1.06 | Houston | TX |
| Suma Yonkers Credit Union | 1.06 | New Haven | CT |
| Nexity Bank | 1.07 | Birmingham | AL |
| Mile High Banks | 1.08 | Denver | CO |
| Navy Army Credit Union | 1.10 | Beeville | TX |
| CoastalStates Bank | 1.15 | Bluffton | SC |
| Fraternal Order Of Police Credit Union | 1.16 | Tulsa | OK |
| Puerto Rico Credit Union | 1.25 | San Juan | PR |
| Riverfork Federal Credit Union | 1.40 | Grand Forks | ND |
| Metropolitan Service Credit Union | 1.47 | Philadelphia | PA |
| Institution Name | 1-Yr CD Rate | City | State |
| Georgia Primary Bank | 1.30 | Atlanta | GA |
| CoastalStates Bank | 1.35 | Bluffton | SC |
| Navy Army Credit Union | 1.35 | Beeville | TX |
| Kauai Teachers Credit Union | 1.50 | Lihue | HI |
| Puerto Rico Credit Union | 1.50 | San Juan | PR |
| Riverdale Credit Union | 1.50 | Selma | AL |
| Kauai Government Employees Credit Union | 1.56 | Lihue | HI |
| Riverfork Federal Credit Union | 1.60 | Grand Forks | ND |
| Goodyear-Danville Family Credit Union | 1.76 | Danville | VA |
| Metropolitan Service Credit Union | 1.86 | Philadelphia | PA |
| Institution Name | 2-Yr CD Rate | City | State |
| City-County Credit Union | 1.66 | Brooklyn Center | MN |
| Georgia Primary Bank | 1.75 | Atlanta | GA |
| Navy Army Credit Union | 1.75 | Beeville | TX |
| Puerto Rico Credit Union | 1.75 | San Juan | PR |
| Telco Credit Union | 1.75 | Elmira | NY |
| Encompass Credit Union | 1.76 | Frankfort | IN |
| Kauai Government Employees Credit Union | 1.76 | Lihue | HI |
| Preferred Credit Union | 1.76 | Greenville | MI |
| Riverfork Federal Credit Union | 1.90 | Grand Forks | ND |
| Metropolitan Service Credit Union | 2.32 | Philadelphia | PA |
If your goal is to save more money in 2013, make sure you’re maximizing your deposits by earning competitive interest rates. You can view more local interest rates by visiting the Go Banking Rates Interest Rates Table and sort by the type of account you’re interested in opening.
Note that the savings and CD rates used in this study are as of November 30, 2012, based on institutions’ online published rates, and may have changed since this date. Before opening an account, please verify rates with individual financial institutions and be sure to review all terms and conditions.
