UPDATE: 05/15/2007
The Best CD Rates are sorted by interest rate APY, bank, and minimum deposit.

To get the best bank CD rates you need to make sure that you shop around. Although this may seem like a pain in the neck, it is the only way to know for sure if you are getting a good deal. You can do this by checking with your local bank, reading the financial section of the newspaper, or going online.

Another thing that you may want to consider is getting in touch with a credit union. If you belong to one of these you may be able to get a better rate than you ever thought possible.

Also, take the two factors listed above into consideration. For instance, if you are not going to need your money for a long time you should consider a longer term bank CD. This way you can qualify for the highest possible interest rate.

As you can see, there is a lot that goes into buying a bank CD. The key to success is to know what the industry has to offer and then shop around until you get the best possible deal.