According to a post on, CIT Bank closed out 2011 with 12-month CD rates of 1.15% APY, the top rate offered by only one other bank in the U.S.

CIT Bank, the online consumer bank of CIT Group, allows a customer to raise the rate once if the CD rate goes up during the term and add to your deposit at any time. The minimum deposit for this CD is $25,000.

Bankaholic said this deal is considerably better than the 0.34% current average yield offered by big banks and thrifts for the 12-month term.