Best CD Rates - Survey Of Largest US Banks
This table, updated today, shows the best CD rates for the five 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.
To see the table in full size with the current rates, click the
Notes:
- Bank of America or BofA (BAC) 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) bought Washington Mutual, fondly known as "WaMu"
- Citibank (C ) is also known as Citigroup & Citicorp
- Wells Fargo Bank (WFC ) 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.
One way to get four of the top five banks in a single investment is with the exchange traded fund XLF (
XLF charts).
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