Several Banks Raise CD Rates

Corus Bank and UmbrellaBank just recently increased the rates about 0.10% on their short term CDs. The new rates at Corus Bank for 6-month and 1-year CDs are 4.55% and 4.84% APY ($10K minimum). The new rates for the same terms at UmbrellaBank are 4.50% and 4.80% APY ($1K minimum). KeyDirect is also offering a 4.50% APY 6-month CD ($5K minimum). Perhaps we'll see these banks offering 1-year 5% CDs before the end of the year.