I Did some research to try and find the best CD rates for those looking to invest in CD’s. As of yesterday the average rate for a 6 month cd was 4.23% and the average rate for a 1yr cd was 4.64%. After doing some digging to I found a few banks that were offering rates that were well over the average! Below you will find a list of some of the best cd rates I could find:

- Countrywide Bank offers a 5.20% APY on a 12 month CD (with a $10,000 min. balance)
- World Savings offers a 5 month internet cd that pays 5.16% (with a $10,000 min. balance)
- Millennium Bank is offering a 6.00% return for a 12 month CD (with a $100,000 min. balance)
- Millennium Bank also has a 5yr CD that pays 7.50% (with a $100,000 min. balance)

You may also want to check out some of the advertisers rates on the right hand column. Please let me know if you come across any other great rates for CD’s.

Remember, as a general rule of thumb, CD rates increase with larger principal and longer terms, however you can also expect to get better rates from smaller banks.