Best Rates on CDs June 24, 2011

June 26, 2011 - PRLog -- SelectCDrates.com just released their most recent survey on the best interest rates available on bank CDs for the week ending June 24, 2011.  The current list of the best rates on CDs covers certificates of deposit with terms as short as three months to those as long as four years.

The list compiled by SelectCDrates.com covers a wide variety of bank CDs, terms and interest rates.  The highest CD interest rates available can be found ranging from short term three month CDs, at Nexity Bank, as well as long term CDs such as the 48 month term CD at MetLife Bank.  In addition to standard term bank CDs listed, the list of the top ten best rates on CDs covers odd term CDs.

To find the best CD rates it is crucial that investors and savers shop and compare CD rates from a number of different banks and include a number of different of terms among the banks.  Odd term CDs often have higher interest rates over comparable traditional term CDs.  Banks frequently use the odd term CDs to promote a higher yields on new CDs without impacting the marketing of their standard term products.  

In this week’s survey of the top CD rates, Selectcdrates.com has listed two odd term CDs.  One odd term CD comes from Century Bank Direct which offers a five month CD rates that is three times the national average rate for a six month term CD as listed by the FDIC.  The second odd term CD is for a 19 month CD that has a yield of 1.50 percent or more than twice the national average rate for a two year CD.

All of the bank CDs listed are fixed rate bank certificates of deposit that are covered by the safety of FDIC insurance.  The CD account types and maturities published in the Selectcdrates.com CD rate tables include the bank name, web site, contact information as well as the term, minimum opening deposit and current interest rate.

SelectCDrates.com is a leading source of bank certificate of deposit rates, checking account rates, savings account rates, mortgage rates and credit card rates for consumers.  SelectCDrates.com publishes both local and national CD rates as well as free news and features about banks and bank rates.  SelectCDrates.com was designed to make shopping and comparing bank CD rates easy and straight forward.

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SelectCDrates.com is part of the SelectRates Media, Inc. family of personal finance websites. SelectRates Media, Inc. is the recognized leader in personal finance and consumer rate web sites. Other sites published by SelectRates Media, Inc. include http://www.bestcreditcardrates.com, http://www.selectautorates.com, http://www.selectcalaculators.com and http://www.freecreditscorehelp.com.