6 cities with the highest 1-year CD rates

Savers have had a rough go of it since the Great Recession began more than five years ago. A one-year certificate of deposit has paid an average of only 0.24 percent so far this year nationally, but that doesn't mean savers in all cities have suffered equally. Some markets have higher rates than others, and thanks to the ubiquity of online banking, there's no need to accept lackluster rates in your area.

Here are the six cities with the highest CD rates. The cities selected had the highest one-year CD rates based on Bankrate's weekly survey of the largest banks in the top 25 U.S. markets over the time period Jan. 1, 2013, to Oct. 2, 2013.


Average one-year CD rate: 0.28 percent

Annual return on a $10,000 deposit: $28


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Product Rate Change Last week
1 Year CD 0.89%  0.01 0.88%
2 Year CD 1.01%  0.02 1.03%
5 Year CD 1.59%  0.01 1.60%
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