Yep, that time has come. And the time is? Well, time for the best Certificate Interest Rate Round-up.

To begin, if you are hoping for something short-term, DanversBank maybe a excellent place to look. A little interesting tidbit here. They were established in 1850, but didn’t become FDIC insured until 1985. Numerous people had a lot of faith in this bank. They have a 4-month CD Rate at 2.00%. I’m guessing they have a short-term deposit problem. Typically banks offering high short-term CD rates are trying to lure you. After the initial period, the renewal rates are bound to be low. So keep an eye in the mail and be ready to move on. DanversBank’s FDIC number is 90185. They have about $1.7BB in assets, had a 1st quarter profit, they are considered well capitalized, and earned a 3-star rating.

Next, we have Discover Bank who has a 1-year at 1.98%. They were created in 1911 and became FDIC insured in 1934. Discover Bank can be found in the state of Delaware. The bank is quite big ,but has not yet attained MegaBank status with $37.5 Billion in assets. However, being a credit card bank during an economic down turn is not easy. They have first quarter lossess of about $69 Million Dollars. They are considered well capitalized however. Discover Bank’s FDIC # is 5649. Discover Bank has obtained a 3-star rating. As you’ll see below, they have some strong competition. Maybe they will take notice of my round-up and bump their CDs.

Wilshire State Bank (FDIC 23301) is based in California. They were established in 1980 and have a great 6-month certificate yield of 1.96%. They also have one of the greatest deposit rates for 1-year at 2.15% APY. They have a great 4-star rating.

I found a pretty good 2y certificate of Deposit rate with Citizens First Savings Bank, Port Huron, Michigan (FDIC 30005). For MI CD Rates this is an especially high CD at 2.50%. But, the bank is in questionable health. Even more depressing, they have been insured since 1938. With a 1-star rating they are not well capitalized and have very low capital ratios.

Good 2Y deposits with low quality banks must be all of the rage. Frontier Bank, WA (FDIC 22710), also has a 2y rate at 2.50%. This certificate also has a 1-times bump option. Despite being well capitalized, large losses have earned them 1-star.

Bank quality is still a problem for the next two banks. We finish our round-up with Acacia Federal SB (FDIC 32266) and Northpointe Bank (FDIC 34953). Acacia has a 5-year at 3.60% APY with a 2-star rating and Northpointe has a 3Y at 3.00%, but only 1-stars.

Now, as long as you stay under the FDIC insurance limits, which is $250,000 through 12/31/13, if a bank fails you won’t lose a dime. And the FDIC has been very quick about returning funds. Although, most bank closures this year have not been complete shut-downs. The FDIC has had arranged for acquisitions by other healthier banks. Do watch the terms on your CD though. I wouldn’t invest above $100,000 for CDs that will mature beyond 12/31/13.

For just some plain ‘ol fashioned rate busting, stop by Florida CD rates.

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