2011 Rising-rate CD survey: Liquid CDs

2011 rising-rate CD survey

cds

By Bankrate.com

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 name	Market	Maturity	Initial annual percentage yield (%)	Conditions
Astoria Federal Savings & Loan	New York Metro	3-month	0.25	Astoria 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 America	New York Metro	9-month	0.35	Bank 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 America	Los Angeles	9-month	0.35	Bank 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 Savings	Los Angeles	12-month	1.15	Luther 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 Bank	Los Angeles	3-month	0.40	Malaga Bank, Los Angeles, 3-month Liquid CD: $5,000 minimum to open. You may make one withdrawal within the term without penalty.
Malaga Bank	Los Angeles	5-month	0.50	Malaga Bank, Los Angeles, 5-month Liquid CD: $5,000 minimum to open. You may make two withdrawals within the term without penalty.
Bank of America	Chicago	9-month	0.35	Bank 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 Bank	Chicago	3-month	0.15	PNC 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 Bank	Chicago	12-month	0.25	PNC 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 America	San Francisco	9-month	0.35	Bank 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 Savings	San Francisco	12-month	1.15	Luther 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 America	Philadelphia	9-month	0.35	Bank 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 Bank	Philadelphia	3-month	0.15	PNC 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 Bank	Philadelphia	6-month	0.35	TD Bank, Philadelphia, 6-month TD Bank No-Catch CD: $250 minimum to open. One penalty-free withdrawal per term.
TD Bank	Philadelphia	12-month	0.30	TD Bank, Philadelphia, 12-month TD Bank No-Catch CD: $250 minimum to open. One penalty-free withdrawal per term.
Citizens Bank of Pennsylvania	Philadelphia	15-month	0.25	Citizens 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 Society	Philadelphia	3-month	0.25	Wilmington 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 Society	Philadelphia	4-month	0.25	Wilmington 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 Society	Philadelphia	5-month	0.25	Wilmington 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 name	Market	Maturity	Initial annual percentage yield (%)	Conditions
Bank of America	Detroit	9-month	0.35	Bank 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 Bank	Detroit	12-month	0.10	Comerica 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 Bank	Detroit	3-month	0.15	PNC 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 America	Boston	9-month	0.35	Bank 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 Massachusetts	Boston	15-month	0.25	Citizens 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 Bank	Boston	6-month	0.35	TD Bank, Boston, 6-month TD Bank No-Catch CD: $250 minimum to open. One penalty-free withdrawal per term.
TD Bank	Boston	12-month	0.30	TD Bank, Boston, 12-month TD Bank No-Catch CD: $250 minimum to open. One penalty-free withdrawal per term.
Salem Five	Boston	9-month	0.40	Salem 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 America	Houston	9-month	0.35	Bank 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 Compass	Houston	12-month	0.65	BBVA 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 America	Dallas	9-month	0.35	Bank 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 Compass	Dallas	12-month	0.65	BBVA 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 Bank	Dallas	12-month	0.10	Comerica 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, FA	Dallas	36-month	1.67	Colonial 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 America	DC Metro	9-month	0.30	Bank 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&T	DC Metro	36-month	0.75	BB&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&T	DC Metro	36-month, 48-month or 60-month	0.75	BB&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&T	DC Metro	30-month	1.20	BB&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 Bank	DC Metro	10-month	0.35	SunTrust 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 name	Market	Maturity	Initial annual percentage yield (%)	Conditions
American Airlines FCU	Credit Union	60-month	2.78	American 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 Union	Credit Union	60-month	2.10	OnPoint 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 FCU	Credit Union	12-month	0.65	San 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 FCU	Credit Union	12-month	0.75	Security 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 FCU	Credit Union	6-month	0.30	Suncoast 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 FCU	Credit Union	12-month	0.50	Suncoast 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 FCU	Credit Union	18-month	0.70	Suncoast 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 FCU	Credit Union	24-month	0.90	Suncoast 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 FCU	Credit Union	36-month	1.30	Suncoast 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 FCU	Credit Union	48-month	1.50	Suncoast 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 FCU	Credit Union	60-month	1.75	Suncoast 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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Posted: April 11, 2011

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Product	Yield	+/-	Last week
6 month CD	0.41%		0.43%
1 yr CD	0.62%		0.63%
5 yr CD	1.22%		1.24%
1 yr jumbo CD	0.65%		0.65%