Survey of the Best CD Rates – December 2013

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

Product National Average National – 2012 Banks Banks – 2012 Credit Unions CUs – 2012
Six-Month CD 0.19% 0.23% 0.17% 0.21% 0.28% 0.31%
12-Month CD 0.29% 0.33% 0.27% 0.31% 0.42% 0.47%
24-Month CD 0.46% 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.

Institution State Term APY
Westmark Credit Union ID 24-Month CD 1.51% APY
America’s Credit Union WA 12-Month CD 1.51% APY
Doral Bank NY 24-Month CD 1.45% APY
Pentagon Federal Credit Union VA 24-Month CD 1.41% APY
Kauai Community Federal Credit Union HI 24-Month CD 1.40% APY
Members Cooperative Credit Union MN 24-Month CD 1.40% APY
Regal Bank NJ 24-Month CD 1.36% APY
Idaho Central Federal Credit Union ID 24-Month CD 1.31% APY
Doral Bank, FSB FL 24-Month CD 1.30% APY
Optima Bank and Trust NH 24-Month CD 1.30% 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.

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  • 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.

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