Higher Short Term CD Rates at VirtualBank

VirtualBank increased the rates on its CDs with terms of 1-year and under. The largest rate hike was on the 9-month CD in which the rate increased from 5.30% to 5.60% APY. The best deal continues to be the 6-month CD which had been a good deal at 5.55% APY. It only slightly improved to 5.60% APY. The last major change in CD rates at VirtualBank was in late June.

Term       Old APY   New APY   Change
3 Months    5.02%    5.13%     +0.11
6 Months    5.55%    5.60%     +0.05
9 Months    5.30%    5.60%     +0.30
12 Months   5.45%    5.60%     +0.15
18 Months   5.45%    5.45%    
2 Years     5.45%    5.45%    
3 Years     5.45%    5.45%    
4 Years     5.45%    5.45%    
5 Years     5.70%    5.70%

Refer to this post for more details on VirtualBank's certificates of deposit.