If you live in or around Scottsdale, then you might want to check out Goldwater Bank which is offering a 2.86% APY on 5 Year CDs right now. You can see the rates below for other rates depending on the amount of time invested.

As of March 24, 2010, these CD rates are current. Minimum deposit is $50,000.
5 Year = 2.86% APY
3 Year = 2.34% APY
24 Month = 2.01% APY
18 Month = 1.78% APY
15 Month = 1.7% APY
12 Month = 1.56% APY
180 Day = 1.16% APY
90 Day = 0.90% APY

Money Market Account with minimum opening of $5,000
Average daily balance up to $99,999.99 = 1.06% APY
Average daily balance over $100k = 1.22% APY

Goldwater Bank is located in Scottsdale, AZ and can be reached at 866-656-4653 or online at www.goldwaterbank.com. Their hours of operation are M-Th from 9am-4pm and Fri from 9am-3pm. Please be aware that Bauerfinancial rates this bank with only 1 star which would not be recommended by Bauerfinancial as of 12/31/09 financial data.