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For this week's weekly rate deal, we are traveling to Rake, IA where State Savings Bank is offering a 3.82% APY fixed IRA.

With average five year CD rates down to 1.60% APY according to BestCashCow's database, we went searching for yields that smashed the average. What we found was the highest bank rate in the land. First Choice Bank, headquartered in New Jersey is offering a 60-month CD paying 2.80% APY with a $1,000 minimum balance.

The First National Bank of St. Ignace is paying 1.51% APY on a 12 month Flex-CD for balances over $10,000. Funds over $10,000 can be withdrawn at anytime after seven days, making this a CD with a great rate and flexibility.

This week, the banking deal we want to highlight is a 3% APY 12-month Special EasyStart CD offered by Navy Federal Credit Union. To understand how good a deal this is, the average 1-year CD rate according to BestCashCow data is 0.61% APY while the very best 12 month bank (not credit union) CD rate in our database is 2.01% APY.

Congratulations to Farmers and Traders Bank of Bancroft, IA for having the highest 60-month CD rate according to the BestCashCow rate tables. The bank offers a 5-year CD that pays 3.00% APY with a minimum balance of $5,000. Just a few short months ago, there were many banks paying 3% or over, but the list has whittled down to Farmers and Traders and a handful of credit unions scattered across the country.

CD Rates continue their inexorable match downward. It was only a few months ago that a top five year CD rate could get as much as 3.30% APY. Now, according to the BestCashCow database there are only a few banks in the U.S. offering 60 month CDs at 3% APY or above. Below are a few of them:

Generally, the longer the term the CD, the higher the APY it pays. If you want the higher interest rate but don't want the long-term commitment, you may want to check out low or no penalty CDs. Ally Bank has a few to offer.

To help celebrate the re-launch of the redesigned BestCashCow, we're giving away an iPad 2. Here's how you can be automatically entered to win.

Nationwide is now "on your side" by offering a 1.05% APY money market account and CDs that pay up to 2.40% APY.

If you are looking for a long-term place to safely store some of your nest egg, you can open this high APY CD account online. Although this CD is offered by Southern California's largest retail banking institution, you don't have to live in Southern California to get in on this deal.

The Mid-Western states tend to have the highest average CD rates but we've found some Northeast Banks offering relatively attractive 5-year CD rates.

Massena Savings and Loan is paying 2.56% APY on a 3-year CD. That's one of the highest rates according to BestCashCow data.

The best local 12-Month CD rates run from 1.30% to 1.80% APY. See what's available in your area.