Survey of Highest Rate CDs

On Saturday Bob Brinker recommended a caller look at CDs rather than US Treasury Bonds or notes because CDs are paying better rates.

From the Highest CD Rates Survey at forbestadvice.com, the best CD rate is 5.45% at Countrywide Bank for 3 months.

The 3-month treasury bill currently pays 3.07%, the 5-yr treasury note pays 3.50%, the 10-year treasury bond pays 4.11% and the 30-year T-Bond pays 4.57%.

CDs are also paying better rates than iBonds which currently pay 4.28% (I-Bond Details)

Below are some more rates and terms.

6 Months
5.35% at Countrywide Bank

1 and 2 years
5.21% at Apple Bank for Savings (Scarsdale NY)

3 years
5.00% at Capital One Bank, Eastern Savings & Flagstar Bank

5 years
5.26% at Apple Bank for Savings

7 and 10 years
5.10% at Capital One Bank