Survey of the Best CD Rates – December 2013

During mid-December, we found that CD rates across several terms have dipped slightly since last year. Although credit unions continue to take the lead in terms of offering the best average CD rates, banks follow closely behind.

CD Rate Averages as of 12/11/13

Average CD Rates – Dec. 2013 Vs. 2012

ProductNational AverageNational – 2012BanksBanks – 2012Credit UnionsCUs – 2012
Six-Month CD0.19%0.23%0.17%0.21%0.28%0.31%
12-Month CD0.29%0.33%0.27%0.31%0.42%0.47%
24-Month CD0.46%0.52%0.42%0.48%0.63%0.69%

average cd rates 12-16

10 Best CD Rates in the United States

In reviewing the best CD rates offered by U.S. banks and credit unions for the three terms listed above, the highest yields are predominantly offered on 24-month accounts. Additionally, credit unions provide a majority of the best certificate of deposit rates ranked in the following list, with only three banks making the top 10.

Westmark Credit UnionID24-Month CD1.51% APY
America’s Credit UnionWA12-Month CD1.51% APY
Doral BankNY24-Month CD1.45% APY
Pentagon Federal Credit UnionVA24-Month CD1.41% APY
Kauai Community Federal Credit UnionHI24-Month CD1.40% APY
Members Cooperative Credit UnionMN24-Month CD1.40% APY
Regal BankNJ24-Month CD1.36% APY
Idaho Central Federal Credit UnionID24-Month CD1.31% APY
Doral Bank, FSBFL24-Month CD1.30% APY
Optima Bank and TrustNH24-Month CD1.30% APY

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

All interest rates are accurate as of December 11, 2013. Rates are subject to change at any time at the discretion of individual financial institutions. Additional terms and restrictions could apply. Verifying rates with bank/credit union before opening an account is strongly encouraged.

  • Patty O.

    Might consider moving to Idaho next time I want to open a CD account.

    • Duncan Mroody

      Uprooting your entire family and life for a 1.51% return?? Not my cup of tea, thanks.