INVESTMENT ACCOUNTS » Investing Money

GMAC Bank, relaunching itself as Ally Bank, is offering a 9 month, no risk CD rate of 2.47% with an annual yield of 2.50%. They also have a traditional CD rate of 2.57% with an annual yield of 2.60%, slightly higher than the no risk certificate of deposit. Those are some of the best CD rates available even compared to longer term CDs such as 12 month and 5 year CDs (averages 2.48% when last checked).

The no risk certificate of deposit has many great features, including:

• No money needed to open
• Withdraw funds without penalty within the first 6 days
• Really no risk!

If you are looking for the highest CD rates available, Go Banking Rates can help you there as well.

It is hard to find any kind of good savings rates these days with rates being so low. However, we were able to gather 5 of the highest CD Rates that are above 2 percent in the nation for you. Top 5 banks with great CD Rates are:

1. Midvale, UT - Ally Bank (05/27/09)

• Rate: 2.08%
• CM: D
• APY: 2.10%
• Minimum Deposit: $0

2. Chicago, IL - Corus Bank (05/27/09)

• Rate: 2.18%
• CM: M
• APY: 2.20%
• Minimum Deposit: $10,000

3. Birmingham, AL - UmbrellaBank.com (05/27/09)

• Rate: 2.14%
• CM: H
• APY: 2.15%
• Minimum Deposit: $1,000

4. Birmingham, AL - Nexity Bank (05/27/09)

• Rate: 2.10%
• CM: D
• APY: 2.12%
• Minimum Deposit: $1,000

5. Louisville, KY - Ascencia, a div. of PBI Bank (05/27/09)

• Rate: 2.01%
• CM: M
• APY: 2.03
• Minimum Deposit: $500

If you know of any CD Rates higher than these ones, please share with the Go Banking Rates community.

Illinois - locals only. CenTrust Bank is offering a CD with a 2.35% APY 6 month (180 day) CD and a 12 month 2.50% APY CD . The minimum deposit required is $500 for a personal account, and $1000 for a business account.

Looking for more? Go Banking Rates can help with the best CD rates available .

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