Below is a table that gives you best cd investments comparison. These data were taken on 03/07/2006 and is subject to change without notice. However, it will give you a general idea what different banks are offering in terms of CD's. 

One thing to look out for when shopping for interest rate is to know the difference between APY (Annual Percentage Yield) and Rate. 

The bank may advertise 4.98% interest rate, however, when compounded daily, becomes 5.11% APY. So compounding method is a very important factor in determining the true interest rate that is being advertised. To be safe, always ask for the APY. 

BANK	APY	MIN.DEPOSIT
State Bank of India New York, NY	5.15	1,000
Corus Bank Chicago, IL	5.15	10,000
Bank of Internet USA San Diego, CA	5.11	1,000
Ascencia Louisville, KY	5.10	500
UmbrellaBank.com Birmingham, AL	5.10	1,000
VirtualBank Palm Beach Gardens, FL	5.10	10,000
Nexity Bank Birmingham, AL	5.09	1,000
KeyDirect Cleveland, OH	5.08	5,000
giantbank.com Ft. Lauderdale, FL	5.06	2,500

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