High Yield CD Rates - Forgetaboutit

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That's right, there's just one word if you are hoping to score higher CD rates -- forgetaboutit.


The best one year (12 month) CD you can lock into today is only at 1.27% APY.  They get worse if you are trying to discover a 3 month or 6 month option.

Let's hope at some point certificates of deposit become a better option that can possibly yield 2% or more.  Gone are the 12 month 4% APY rates days prior to 2009, we pray they come back at some point. 

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The best bang for your buck comes from ALOSTAR, unless you want to lock up your money for 5 years.

AloStar Bank of CommerceToday ALOSTAR Bank of Commerce is offering a 1.27% APY for 12 months.  You have to pony up at least $1,000 to get in on this - click for details.

If you are willing to not touch your cash for 3 years then go ahead and sign up for NOVA Bank's offer.  

NOVA BankNOVA is offering a CD at 2.00% APY for 3 years.  They require at least $500 minimum to open - click for details.

Both CD offers are covered by FDIC insurance up to $250,000.

Happy safe investing.