CIT Bank is now offering an APY of 1.85% on 5-year CDs. The minimum deposit requirement is $1,000. CIT also offers the best nationally available savings account.
The New York branch of State Bank of India offers the next highest rate for 5-year CDs by paying 1.76% with a minimum deposit of $2,500. The third highest rate for a 5-year CD is being offered by the national Republic Bank of Chicago, which is an APY of 1.76% for a minimum deposit of $1,000.
