A brand new set of CD and IRA rates are being offered at the SunTrust Bank . They range from 60 months to 10 months, with a small minimum opening balance of $2,000. You can also deposit as much as $1,000,000 per CD if you have the capacity to do so. The special CD and IRA rates are as follows:

• 3.01% APY for 60 months
• 2.50% APY for 48 months
• 2.01% APY for 34 months
• 1.60% APY for 25 months
• 0.50% APY for 10 months (without penalty)

The 13-month CD and IRA CD’s rates are not posted online, but to find out if it’s still one of the best cd rates in the market, all you have to do is call up the bank at 800-279-4824. Unlike other Certificate of Deposit rates posted online, this one guarantees that the APY and the interest rates are fixed throughout the maturity period.

You can also visit your local SunTrust Bank branch or email them from the website to get more information. Except for the 10-month CD which doesn’t have an early withdrawal penalty, the highest CD rates in this tier do. The principle is simple: the penalty gets smaller the nearer you get to the maturity period.

• For a withdrawal made 91 days to 1 year prior to maturity, you pay 3 months’ worth of interest.
• For a withdrawal made 1 year to 3 years prior to maturity, you pay 8 months’ worth of interest.
• For a withdrawal made 3 years to 7 years prior to maturity, you pay 1 year’s worth of interest.

Despite giving the top CD rates this season, their ratings seem a little weak. They scored 2 stars on Bankrate.com and 3 stars on BauerFinancial. The SunTrust Bank has an FDIC membership which can be verified through FDIC Certificate #867.