National Rate Study: Banks with the Best Interest Rates of 2012

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 TypeAPY
6-Month CD0.32
1-Year CD0.47
2-Year CD0.70
Savings Account0.21

Best Savings Account Rates in U.S.

Best Bank Interest Rates

Institution NameSavings RateCityState
Biscayne Bank1.00MiamiFL
Puerto Rico Credit Union1.01San JuanPR
State Farm Federal Credit Union1.01BakersfieldCA
Telhio Credit Union1.01HilliardOH
Delaware Alliance Credit Union1.05New CasteDE
People’s First Federal Credit Union1.25TarrantAL
Salem Five Direct1.25SalemMA
Corps Of Engineers Credit Union1.26Fort WorthTX
Houston Police Credit Union1.51HoustonTX
Twinstar Credit Union1.60RentonWA

Today’s Best CD Rates

Institution Name6-Mo CD RateCityState
Houston Police Credit Union1.06HoustonTX
Suma Yonkers Credit Union1.06New HavenCT
Nexity Bank1.07BirminghamAL
Mile High Banks1.08DenverCO
Navy Army Credit Union1.10BeevilleTX
CoastalStates Bank1.15BlufftonSC
Fraternal Order Of Police Credit Union1.16TulsaOK
Puerto Rico Credit Union1.25San JuanPR
Riverfork Federal Credit Union1.40Grand ForksND
Metropolitan Service Credit Union1.47PhiladelphiaPA

interest rates today

Institution Name1-Yr CD RateCityState
Georgia Primary Bank1.30AtlantaGA
CoastalStates Bank1.35BlufftonSC
Navy Army Credit Union1.35BeevilleTX
Kauai Teachers Credit Union1.50LihueHI
Puerto Rico Credit Union1.50San JuanPR
Riverdale Credit Union1.50SelmaAL
Kauai Government Employees Credit Union1.56LihueHI
Riverfork Federal Credit Union1.60Grand ForksND
Goodyear-Danville Family Credit Union1.76DanvilleVA
Metropolitan Service Credit Union1.86PhiladelphiaPA

cd rates

Institution Name2-Yr CD RateCityState
City-County Credit Union1.66Brooklyn CenterMN
Georgia Primary Bank1.75AtlantaGA
Navy Army Credit Union1.75BeevilleTX
Puerto Rico Credit Union1.75San JuanPR
Telco Credit Union1.75ElmiraNY
Encompass Credit Union1.76FrankfortIN
Kauai Government Employees Credit Union1.76LihueHI
Preferred Credit Union1.76GreenvilleMI
Riverfork Federal Credit Union1.90Grand ForksND
Metropolitan Service Credit Union2.32PhiladelphiaPA

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.