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We track the rates of more than 8,000 banks and credit unions. We also track health statistics, user reviews, promotions and editorials for many banks and credit unions. Just enter the name of the bank or credit union you wish to view rates for below and you will be taken to a page containing all the data we track for that institution.

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Recent Bank Interest Rate News

Barclays CD Rate Changes: 5-Year Falls But Shorter Terms Rise
Availability: Nationwide

Barclays made several CD rate changes late last week. The 5-year CD rate had a large decline falling 30 basis points to 1.75% APY. However, the shorter terms had rate increases. Barclays’ 1-year CD rate is now quite competitive at 1.25% APY. The full list of rate changes are shown below:

  • 1.25% APY 12-month CD (was 0.80%)
  • 1.30% APY 18-month CD (was 0.85%)
  • 1.45% APY 24-month CD (was 1.20%)
  • 1.55% APY 36-month CD (was 1.45%)
  • 1.65% APY 48-month CD (no change)
  • 1.75% APY 60-month CD (was 2.05%)

Thanks to DA reader, MidAtlantic, for the Forum...

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Discover Bank Has $100 Bonus On New Online Savings
Availability: Nationwide (internet bank)

Discover Bank is offering a $100 bonus when opening a new Online Savings account, with a minimum of $15k. This promotion is for customers who have never had a Discover Bank Online Savings or Money Market account.

$100 Bonus Requirements

  • Open an Online Savings account by July 29, 2016.
  • Use offer code SAVE616B when opening.
  • Fund with at least $15k by August 12, 2016.
  • $100 bonus will be credited by September 12, 2016.
  • Account must be opened when bonus is credited.

Thanks to DA reader, RJM, for the Forum post about...

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SallieMae Bank Adds New Upromise GoalSaver Account
Availability: Nationwide (internet bank)

SallieMae Bank recently discontinued its High Yield Savings account. The only savings account now offered by SallieMae Bank is their Upromise GoalSaver Account (0.85% APY), which is part of the new Upromise Rewards program.

(Note: I had heard that SallieMae Bank was making a shift in its marketing strategy, re-focusing on student financial matters. The advertisements for the Upromise Rewards program - including a mortar board hat above the “U” in Upromise - seems to indicate that rumor may have been true.)

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EverBank Expands Its Yield Pledge MMA/Checking Rate Guarantee
Availability: Nationwide

DA readers are probably quite familiar with EverBank’s Yield Pledge Money Market Account and Yield Pledge Checking introductory rate guarantee. This promotion had been available to new clients for several years, with the original offering including a three month rate guarantee. In March 2012, the rate guarantee term was increased to six months, while the APY dropped to 1.05%.

In the past two years, there were two intro rate increases (1.40% and 1.60%), with the term guarantee remaining at six months. The balance cap on the...

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CD Rates Summary May 24, 2016
CD Rates Summary May 24, 2016

Last week’s release of the minutes of the Fed’s April meeting indicates a decent chance of a rate hike at the next Fed meeting on June 14-15. This is how economist Tim Duy summed up the minutes in his Fed Watch blog:

In addition to the minutes, comments from Fed officials have been suggesting that a rate hike is definitely on the table in June. However, Tim Duy still thinks there’s a better chance of the Fed postponing the rate hike until July or September.

Changes in both Treasury yields and Fed...

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Best Bank Account Interest Rates - Summary for May 17, 2016
Best Bank Account Interest Rates - Summary for May 17, 2016

Today’s inflation report increases the chance that we’ll see a Fed rate hike in June. The Labor Department reported that the CPI increased 0.4% in April, above expectations of 0.3%. The core CPI, which excludes energy and food, increased 0.2% which was inline with expectations. The increased chance of a June Fed rate hike doesn’t mean that it’s a good chance. It’s still low. According to this Wall Street Journal article:

On Wednesday the Fed will be releasing the minutes of last month’s FOMC meeting. That may provide hints of what...

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