BankShout surveys the top jumbo certificate of deposit yields, current as of Monday, May 10, 2010. Annual percentage yields are for U.S. national and Internet banks. Jumbo CDs traditionally refer to deposit amounts of at least $100,000.
Banks largely held their jumbo rates steady, with Jacksonville, Florida-based EverBank still on top with a 5-year certificate for 3.26% annual percentage yield. Nationwide held its jumbo APY at 3.10%, good for second place among national and Internet banks. USAA remained in third, at 3.05% APY, although USAA compounds interest on a monthly, as opposed to a daily basis.
State Farm Bank is offering 3.02% APY for a 5-year jumbo term. OneWest FSB and Discover Bank both have annual percentage yields of 3.00% APY for a 5-year certificate, and Third Federal Savings Bank and AIG both joined those banks at 3.00%. Ally Bank held its jumbo term, also 5 years, at 2.99% APY. Capital One Direct Banking completes this week’s BankShout list, with a 2.96% APY 5-year jumbo.
On 3-year jumbos, USAA remains the national leader at 2.40% APY (again with interest compounded monthly as opposed to daily). Ally Bank and Aurora Bank FSB are nipping at USAA’s heels, both institutions with 2.39% APYs for the 3-year, $100,000 minimum.
Kevin Fleming founded the CreditShout Network in 2008 to help people manage their credit and finances. Kevin wants to make it easy for anyone, regardless of their level of financial knowledge to understand banking and what may seem like the complex world of personal finance.
