Overview of Best CD Rates: Sept. 23, 2013

As we head into the last full week of September, CD rates across several terms remain relatively unchanged. Credit unions continue to stand out as the clear winner when it comes to average CD rates, as these financial not-for-profits offer significantly higher interest rates than traditional banks.

CD Rate Averages as of 9/23/13

ProductNationalBanksCredit Unions
6-Month CD0.19% APY0.17% APY0.28% APY
12-Month CD0.30% APY0.27% APY0.42% APY
24-Month CD0.46% APY0.43% APY0.62% APY

10 Best CD Rates in the United States

There are a number of U.S. financial institutions that manage to offer CD rates greater than 1% APY, including one short-term, six-month CD account and a couple of year-long deposit terms in the top ten. In fact, Hanscom Federal Credit Union offers a moderate-term, 12-month CD account that’s twice as high as some of the certificates of deposit that are twice as long, at 3.00% APY.

Hanscom Federal Credit UnionMA12-Month CD3.00% APY
America’s Credit UnionWA12-Month CD1.51% APY
Montauk Credit UnionNY24-Month CD1.50% APY
Kauai Community Federal Credit UnionHI24-Month CD1.40% APY
Service Credit UnionMA6-Month CD1.35% APY
AmeriCU Credit UnionNY24-Month CD1.35% APY
Idaho Central Federal Credit UnionID24-Month CD1.31% APY
Navigator Credit UnionMS24-Month CD1.30% APY
American Airlines Federal Credit UnionNC24-Month CD1.26% APY
Regal BankNJ24-Month CD1.26% APY

Sources: GoBankingRates.com and Informa Research Services, Inc. (www.informars.com). Although the information has been obtained from the various financial institutions, the accuracy cannot be guaranteed.

All interest rates are accurate as of the publish date. Rates are subject to change at any time at the discretion of individual financial institutions. Additional terms and restrictions could apply.

  • Brittany Haddad


    Thank you so much for highlighting Hanscom Federal Credit Union. We’re so happy
    to offer such a great product to our members. We just wanted to clarify that
    our CU Thrive is NOT a 12 month certificate of deposit (CD). The CU Thrive is
    an automatic savings program. In order to get the rate listed in the article, a
    member must set up automatic transfers from their Hanscom FCU checking account
    to the CU Thrive account. Members can begin with as little as $5 or as much as
    $500 per month. After a year from the time of opening the money saved and
    interest earned is rolled into the member’s savings account.

    Thank you again for spreading the

    Hanscom Federal Credit Union

    • GBR Casey

      Thanks for letting me know, Brittany. I’ll be sure the database is updated.

      Great rate regardless!

      • Brittany Haddad

        Absolutely! Thanks so much again for including us.