New Corus Money Market / CD Rates: 4.84%, 5.20%, 5.35%

May 9, 2006 - 6:38 PM by Ken Tumin

This was another Tuesday rate hike at Corus Bank. The yield on their money market account increased from 4.79% to 4.84% APY today. Both of their 6-month and 12-month CD rates went up by 2 basis points to 5.20% and 5.35% APY. That was a little smaller than last week's increase.

VirtualBank's 6-month CD is still the best online bank deal at 5.25% APY. However, unlike Corus Bank, VirtualBank tends to keep their rates unchanged for a month or more. So within a week or two, Corus Bank will likely be the leader again. Although things could change if interest rates hikes start slowing down. Tomorrow's Fed meeting may provide some clues.

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