Bank CD Yields of 5.50% and over

Banks are expected to continue to reset CD rates lower this week after U.S. Treasury yields fell last week and indications that the Federal Reserve will lower rates are very strong. Annual percantage yields (APY) of 5.50% and higher are still available from the following FDIC-insured banks:

Countrywide Bank, 1-year CD, 5.50% APY, $10,000 minimum

Salem Five Bank, 3-year CD, 5.60% APY, $50,000 minimum, callable by Salem Five Bank anytime after six months

Fireside Bank, 5-year CD, 5.50% APY, $50,000 minimum

Third Federal Savings and Loan, 5-year CD and 6-year CD, 5.50% APY, $500 minimum

Allied First Bank, 5-year CD, 5.50% APY, $500 minimum

Intervest National Bank, 5-year CD, 5.50% APY, $2,500 minimum

Lehman Brothers Bank, 5-year CD, 5.50% APY, $1,000 minimum

KeyDirect, 7-year CD, 5.55% APY, $50,000 minimum

KeyDirect, 10-year CD, 5.80% APY, $50,000 minimum