UFB Direct 2.65% APY 12-Month CD

UFB Direct, a subsidiary of Waterfield Bank, an FDIC insured bank, has one of the best set of certificate of deposit rates currently available today. The crown jewel of the bunch is a 12-month certificate of deposit (CD) at 2.65% APY with a minimum deposit of $8,000. All of their CDs have a minimum deposit of $8,000. They also offer a six month term CD for 2.30% APY, which is a pretty solid rate itself. If you’re willing to go to a 60-month CD, they are willing to give 3.50%, which is a fair value for that length.

If you want a CD for multiple years, I recommend trying Pentagon Federal Credit Union because their 3-year yields 3.50% APY and the 5-year sports a 4.00% APY rate. You can qualify to join PenFed if you join the National Military Family Association, an organization anyone can join by paying an annual fee.

The only nationally available rate that I can think of that beats the UFB Direct 2.65% on a 12-month CD is GMAC Bank, 2.85% for a 12-month term CD and their minimums are only $500.