2011 rising-rate CD survey
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2011 Rising-rate CD survey: Liquid CDs

Rising-rate CDs » Liquid CDs

Today's rates on certificates of deposit are among the lowest they've been since Bankrate began archiving rates in 1983. But a liquid CD allows an investor to withdraw some or all of the funds in a CD without penalty, allowing him or her some flexibility to chase yield if rates rise.

That's good because high-yield savings accounts came out ahead of short-maturity liquid CDs by a wide margin in Bankrate's CD survey. The best savings accounts had yields of up to 1.2 percent versus nine-month liquid CDs that topped out at 0.4 percent yield-to-maturity.

Included in Bankrate's CD survey results are a listing of the banks, their locations, and their CD's maturity and annual percentage yield. You also can find the best CD rates at Bankrate.com.

Institution nameMarketMaturityInitial
annual
percentage
yield (%)
Conditions
Astoria Federal Savings & LoanNew York Metro3-month0.25Astoria Federal Savings & Loan, New York Metro, 3-month
Liquid CD: $5,000 minimum to open. You may make withdrawals ($500 minimum) without penalty if you maintain a balance of at least $5,000 and have not made a deposit or withdrawal within the last seven days. Otherwise, early-withdrawal penalties apply.
Bank of AmericaNew York Metro9-month0.35Bank of America, New York Metro, 3-month
Risk-Free CD: online only; $5,000 minimum to open/$1,000,000 maximum. The early-withdrawal penalty is waived after the first six days of the account term (or the first six days following any partial withdrawal).
Bank of AmericaLos Angeles9-month0.35Bank of America, Los Angeles, 9-month
Risk-Free CD: online only; $5,000 minimum to open/$1,000,000 maximum. The early-withdrawal penalty is waived after the first six days of the account term (or the first six days following any partial withdrawal).
Luther Burbank SavingsLos Angeles12-month1.15Luther Burbank Savings, Los Angeles, 12-month
Liquid CD: $10,000 minimum to open. You may make one withdrawal per calendar month without penalty. The balance on the CD cannot go below $10,000. Unlimited deposits.
Malaga BankLos Angeles3-month0.40Malaga Bank, Los Angeles, 3-month
Liquid CD: $5,000 minimum to open. You may make one withdrawal within the term without penalty.
Malaga BankLos Angeles5-month0.50Malaga Bank, Los Angeles, 5-month
Liquid CD: $5,000 minimum to open. You may make two withdrawals within the term without penalty.
Bank of AmericaChicago9-month0.35Bank of America, Chicago, 9-month
Risk-Free CD: online only; $5,000 minimum to open/$1,000,000 maximum. The early-withdrawal penalty is waived after the first six days of the account term (or the first six days following any partial withdrawal).
PNC BankChicago3-month0.15PNC Bank, Chicago, 3-month
Ready-Access CD: $1,000 minimum to open. No early-withdrawal penalties after the first seven days. Partial withdrawals are not permitted.
PNC BankChicago12-month0.25PNC Bank, Chicago, 12-month
Ready-Access CD: $1,000 minimum to open. No early-withdrawal penalties after the first seven days. Partial withdrawals are not permitted.
Bank of AmericaSan Francisco9-month0.35Bank of America, San Francisco, 9-month
Risk-Free CD: online only; $5,000 minimum to open/$1,000,000 maximum. The early-withdrawal penalty is waived after the first six days of the account term (or the first six days following any partial withdrawal).
Luther Burbank SavingsSan Francisco12-month1.15Luther Burbank Savings, San Francisco, 12-month
Liquid CD: $10,000 minimum to open. You may make one withdrawal per calendar month without penalty. The balance on the CD cannot go below $10,000. Unlimited deposits.
Bank of AmericaPhiladelphia9-month0.35Bank of America, Philadelphia, 9-month
Risk-Free CD: online only; $5,000 minimum to open/$1,000,000 maximum. The early-withdrawal penalty is waived after the first six days of the account term (or the first six days following any partial withdrawal).
PNC BankPhiladelphia3-month0.15PNC Bank, Philadelphia, 3-month
Ready-Access CD: $1,000 minimum to open. No early-withdrawal penalties after the first seven days. Partial withdrawals are not permitted.
TD BankPhiladelphia6-month0.35TD Bank, Philadelphia, 6-month
TD Bank No-Catch CD: $250 minimum to open. One penalty-free withdrawal per term.
TD BankPhiladelphia12-month0.30TD Bank, Philadelphia, 12-month
TD Bank No-Catch CD: $250 minimum to open. One penalty-free withdrawal per term.
Citizens Bank of PennsylvaniaPhiladelphia15-month0.25Citizens Bank of Pennsylvania, Philadelphia, 15-month
Breakable CD: $10,000 minimum to open. One-time, full or partial withdrawal without penalty of funds during the term. APY 0.60% for Circle Gold customers (Circle Gold Checking and Circle Gold MMA).
Wilmington Savings Fund SocietyPhiladelphia3-month0.25Wilmington Savings Fund Society, Philadelphia, 3-month
No-Penalty CD: $5,000 minimum to open. You may withdraw funds ($500 minimum) after the first seven days. The three-month CD can be opened online or in a WSFS banking office. Four- or five-month no-penalty CDs must be opened in a WSFS banking office.
Wilmington Savings Fund SocietyPhiladelphia4-month0.25Wilmington Savings Fund Society, Philadelphia, 4-month
No-Penalty CD: $5,000 minimum to open. You may withdraw funds ($500 minimum) after the first seven days. Four- or five-month No-Penalty CDs must be opened in a WSFS banking office.
Wilmington Savings Fund SocietyPhiladelphia5-month0.25Wilmington Savings Fund Society, Philadelphia, 5-month
No-Penalty CD: $5,000 minimum to open. You may withdraw funds ($500 minimum) after the first seven days. Four- or five-month no-penalty CDs must be opened in a WSFS banking office.
     
Institution nameMarketMaturityInitial
annual
percentage
yield (%)
Conditions
Bank of AmericaDetroit9-month0.35Bank of America, Detroit, 9-month
Risk-Free CD: online only; $5,000 minimum to open/$1,000,000 maximum. The early-withdrawal penalty is waived after the first six days of the account term (or the first six days following any partial withdrawal).
Comerica BankDetroit12-month0.10Comerica Bank, Detroit, 12-month
Flexible-Rate: $1,000 minimum to open and balance requirement. Interest automatically transferred into your Comerica checking, savings or money market account, or paid directly by check. Additional deposits of $100 minimum may be made at any time. One-time withdrawal of up to 50% of the balance may be made without a penalty, any time after seven days of the account opening. Tiered APY: $1-$9,999 yields 0.10%; $10,000-$99,999 yields 0.15%; $100,000+ yields 0.20%.
PNC BankDetroit3-month0.15PNC Bank, Detroit, 3-month
Ready-Access CD: $1,000 minimum to open. No early-withdrawal penalties after the first seven days. Partial withdrawals are not permitted.
Bank of AmericaBoston9-month0.35Bank of America, Boston, 9-month
Risk-Free CD: online only; $5,000 minimum to open/$1,000,000 maximum. The early-withdrawal penalty is waived after the first six days of the account term (or the first six days following any partial withdrawal).
Citizens Bank of MassachusettsBoston15-month0.25Citizens Bank of Massachusetts, Boston, 15-month
Breakable CD: $10,000 minimum to open. One-time, full or partial withdrawal without penalty of funds during the term. APY 0.60% for Circle Gold customers (Circle Gold Checking & Circle Gold MMA).
TD BankBoston6-month0.35TD Bank, Boston, 6-month
TD Bank No-Catch CD: $250 minimum to open. One penalty-free withdrawal per term.
TD BankBoston12-month0.30TD Bank, Boston, 12-month
TD Bank No-Catch CD: $250 minimum to open. One penalty-free withdrawal per term.
Salem FiveBoston9-month0.40Salem Five, Boston, 9-month
No-Penalty CD: $10,000 minimum to open. After the first six days, you may make a full withdrawal without penalty.
Bank of AmericaHouston9-month0.35Bank of America, Houston, 9-month
Risk-Free CD: online only; $5,000 minimum to open/$1,000,000 maximum. The early-withdrawal penalty is waived after the first six days of the account term (or the first six days following any partial withdrawal).
BBVA CompassHouston12-month0.65BBVA Compass, Houston, 12-month
Option CD: $5,000 minimum to open. After the first seven days, you may make one penalty-free withdrawal. You may also make one additional deposit.
Bank of AmericaDallas9-month0.35Bank of America, Dallas, 9-month
Risk-Free CD: online only; $5,000 minimum to open/$1,000,000 maximum. The early-withdrawal penalty is waived after the first six days of the account term (or the first six days following any partial withdrawal).
BBVA CompassDallas12-month0.65BBVA Compass, Dallas, 12-month
Option CD: $5,000 minimum to open. After the first seven days, you may make one penalty-free withdrawal. You may also make one additional deposit.
Comerica BankDallas12-month0.10Comerica Bank, Dallas, 12-month
Flexible-Rate: $1,000 minimum to open and balance requirement. Interest automatically transferred into your Comerica checking, savings or money market account, or paid directly by check. Additional deposits of $100 minimum may be made at any time. One-time withdrawal of up to 50% of the balance may be made without a penalty, any time after seven days of the account opening. Tiered APY: $1-$9,999 yields 0.10%; $10,000-$99,999 yields 0.15%; $100,000 or more yields 0.20%.
Colonial Savings, FADallas36-month1.67Colonial Savings, FA, Dallas, 36-month
Triple-Option CD: $10,000 minimum to open. Within the term you may do one of the following: penalty-free withdrawal of up to 50% of balance, add funds, bump up.
Bank of AmericaDC Metro9-month0.30Bank of America, DC Metro, 9-month
Risk-Free CD: online only; $5,000 minimum to open/$1,000,000 maximum. The early-withdrawal penalty is waived after the first six days of the account term (or the first six days following any partial withdrawal).
BB&TDC Metro36-month0.75BB&T, DC Metro, 36-month
Home-Saver CD: $100 minimum to open. Withdraw the entire principal amount at any time, after the first seven days, without penalty if the funds are used to buy a new home. Requirements: automatic deposit of $50 or more per month from a BB&T checking or savings account. An additional deposit of $50 or more may be made at the branch, online, or phone once a month. Can only be opened in the branch.
BB&TDC Metro36-month, 48-month or 60-month0.75BB&T, DC Metro, 36-month, 48-month or 60-month
College-Saver CD: $100 minimum to open/$100,000 maximum. Make up to four withdrawals per year without penalty if the funds are used for college-related expenses. Withdrawn funds must have been on deposit for at least seven days and no other withdrawals may have been made in the preceding six days. Requirements: automatic deposit of $50 or more per month from a BB&T checking or savings account. An additional deposit of $50 or more may be made at the branch, online, or phone once a month.
BB&TDC Metro30-month1.20BB&T, DC Metro, 30-month
Can't Lose CD: $1,000 minimum to open. Make one additional deposit, up to $10,000, any time after the first 12 months of each term (interest will accrue on all additional deposits at the same rate and APY as the original deposit). Make one withdrawal any time after 12 months. Any withdrawn funds must have been on deposit for at least seven days and no other withdrawals may have been made in the preceding six days.
SunTrust BankDC Metro10-month0.35SunTrust Bank, DC Metro, 10-month
No-Penalty CD: $2,000 minimum to open/$1,000,000 maximum. After the first seven days, you may make a one-time withdrawal of all or a portion of your funds without a penalty.
     
Institution nameMarketMaturityInitial
annual
percentage
yield (%)
Conditions
American Airlines FCUCredit Union60-month2.78American Airlines FCU, 6-month
Dream Plan Share Certificate: $25 minimum to open. Minimum $25 monthly recurring automatic deposit required in order to keep account open. Recurring deposit must continue until maturity date. No penalty for early withdrawal if the funds are used as a down payment on a home financed with AAFCU.
OnPoint Community Credit UnionCredit Union60-month2.10OnPoint Community Credit Union, 60-month
Annual Withdrawal Certificate of Deposit: $5,000 minimum to open. Every year, after the first year, you may withdraw up to 20% of the opening balance without a penalty.
San Antonio FCUCredit Union12-month0.65San Antonio FCU, 12-month
Liquid: $5,000 minimum to open. After the first seven days, you may make up to two withdrawals within the term. The balance can never go below $5,000. Funds can be added twice during the term.
Security Service FCUCredit Union12-month0.75Security Service FCU, 12-month
Future Builder: $250 minimum to open. You may make additional deposits of any amount at any time after opening. Penalty-free withdrawals of up to 50% of CD's balance per day are allowed at any time, provided the $250 minimum is maintained. APY for $25,000-$49,999 yields 0.80%. APY for $50,000-$99,999 yields 0.85%. APY for $100,000 or more yields 0.90%.
Suncoast Schools FCUCredit Union6-month0.30Suncoast Schools FCU, 6-month
Penalty-Free Certificates: $500 minimum to open. All Suncoast Schools FCU CDs are penalty-free. You can withdraw part or close the CD any time after the first 7 days without penalty.
Suncoast Schools FCUCredit Union12-month0.50Suncoast Schools FCU, 12-month
Penalty-Free Certificates: $500 minimum to open. All Suncoast Schools FCU CDs are penalty-free. You can withdraw part or close the CD any time after the first seven days without penalty.
Suncoast Schools FCUCredit Union18-month0.70Suncoast Schools FCU, 18-month
Penalty-Free Certificates: $500 minimum to open. All Suncoast Schools FCU CDs are penalty-free. You can withdraw part or close the CD any time after the first seven days without penalty.
Suncoast Schools FCUCredit Union24-month0.90Suncoast Schools FCU, 24-month
Penalty-Free Certificates: $500 minimum to open. All Suncoast Schools FCU CDs are penalty-free. You can withdraw part or close the CD any time after the first seven days without penalty.
Suncoast Schools FCUCredit Union36-month1.30Suncoast Schools FCU, 36-month
Penalty-Free Certificates: $500 minimum to open. All Suncoast Schools FCU CDs are penalty-free. You can withdraw part or close the CD any time after the first seven days without penalty.
Suncoast Schools FCUCredit Union48-month1.50Suncoast Schools FCU, 48-month
Penalty-Free Certificates: $500 minimum to open. All Suncoast Schools FCU CDs are penalty-free. You can withdraw part or close the CD any time after the first seven days without penalty.
Suncoast Schools FCUCredit Union60-month1.75Suncoast Schools FCU, 60-month
Penalty-Free Certificates: $500 minimum to open. All Suncoast Schools FCU CDs are penalty-free. You can withdraw part or close the CD any time after the first seven days without penalty.

Bankrate.com surveyed the five largest banks and the five largest thrifts based on deposits in 10 large metropolitan markets across the country as well as the nation's 50 largest credit unions. The surveys were conducted from March 8 to March 18, 2011.

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