Best CD Rates At The Largest Banks In The US

By: Kirk Lindstrom Thursday, September 24, 2009 5:01 PM

Article Author

Bio and Articles
Author's Website

Vote for next session

The next market session will close:

This table shows the best CD rates for the largest banks operating in the United States. These banks are Bank of America, JP Morgan Chase, Citibank, Wells Fargo Bank, and HSBC Bank North America.

CD rates (APY) at the largest US banks (Current Data) for a $10,000 deposit.

Bank	CD Rates - APY in % as of 9/24/09 for $10,000
	6- Mo	1-Yr	18-Mo	2-Yrs	3-Yrs	5-Yrs
Bank of America (BAC)	0.50	0.95	1.00	2.10	2.30	3.01
JP Morgan Chase (JPM) Bought WaMu -Washington Mutual	0.75	1.25	1.50	2.15	2.25	3.00
Citibank (C) aka Citigroup & Citicorp	0.75	1.49	1.73	1.98	2.23	3.44
Wells Fargo Bank (WFC) Bought Wachovia - World Savings	0.30	0.60	0.90 15-mo	1.40 20-mo	1.90 27-mo	NA
HSBC Bank North America - Branch & Telephone Rates	0.25	0.55	0.55 15-mo	0.75	0.75	1.01
HSBC Online Rates	1.10	1.85	1.85 15-mo	1.60
US Treasury Rate	0.19	0.38	NA	0.93	1.44	2.36

To see the table in full size with the current rates, click the

Best CD Rate Survey of the Top US Banks

Notes:

Bank of America or BofA (BAC stock quotes and charts) was "Nations Bank" before it bought Bank of America and took the name. BofA also bought Merrill Lynch officially as of January 1, 2009.
JP Morgan Chase (JPM stock quote and charts) bought Washington Mutual, fondly known as "WaMu"
Citibank (C stock quote and charts) is also known as Citigroup & Citicorp
Wells Fargo Bank (WFC stock quotes and charts) bought Wachovia Bank- that bought World Savings Bank)
HSBC Bank North America is the American subsidiary of UK-based HSBC Holdings plc. The Hong Kong and Shanghai Banking Corporation, also a subsidiary of HSBC Holdings, acquired a 51% shareholding in Marine Midland Bank of New York in 1980 and extended to full ownership in 1987. The banks continued to operate under the Marine Midland name until 1998, when the branch offices were rebranded as HSBC Bank USA.

Bookmark:
Email
Print

The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.

Related Stories