Best Savings Account Rates

Melrose Credit Union is offering the best CD rates among the Top banks in US.

For 12 month Certificates of deposits, Melrose credit union is offering 1.75 % APY. The minimum deposit required for this CD is $ 5000.

For a 24 month CD, it offers 2.02 % APY and the minimum deposit required for this CD is $ 5000.

For a 36 month CD, it offers 2.52% APY and the minimum deposit for this CD is $ 5000.

For a 60 month CD, it offers 3.29 % APY and the minimum deposit required for this CD is $ 5000.

You have to pay a membership fee of $ 1 you have to make a minimum opening deposit amount of $ 25 to open a CD account.

Melrose credit union has a different approach in applying for Certificates of Deposit. Any US citizen can apply for a certificate of deposit wherever he lives or wherever he works in any company in America. Now Melrose has become the top rate provider because some of the banks has reduced the intake of CD applications and some banks have slashed the rates for the certificate of deposits.

Some of the other banks also offer competitive rates.

Habib American Bank offers 2.5% APY from its two branches in Los Angeles. It offers 2.25% APY from its branches in New York.

The above details are some of the latest details as on July, 2010. You can visit the bank and get the latest rates along with other terms.