Featured Savings Rates
Featured Accounts

Credit Union and Bank Rates

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.

Search Rates at Branches in Your Area

bank rates map

Recent Bank Interest Rate News

Ally Bank Increases Rates on 1-Year, 5-Year and Raise Your Rate CDs

Deal Summary: 1-year CD, 1.30% APY (increase of 25 bps); Also, rate increases on 5-year CD, 2-year Raise Your Rate CD and 4-year Raise Your Rate CD.

Availability: Internet Bank

Ally Bank increased the rate of its 1-year CD by 25 basis points. The new rate is now 1.30% APY for all balances. In addition, Ally increased the rates by 10 basis points of its two Raise Your Rate (RYR) CDs. The 2-year RYR CD has a 1.40% APY, and the 4-year RYR CD has a 1.50% APY. The...

Continue Reading
Synchrony Bank Increases CD Rates to Very Competitive Levels

Deal Summary: Rate Increases on CDs with terms from 1 to 5 years with APYs ranging from 1.35% for 1-year CD to 2.30% for 5-year CD.

Availability: Nationwide (internet bank)

Synchrony Bank has just raised its CD rates on terms from 1 to 5 years. This move comes less than a week after the Fed increased the fed funds rate, and it’s a positive sign that interest rates are finally moving up for savers.

The size of the rate increases ranged from 10 basis points on the 12-month CD, to 30...

Continue Reading
Big CD Rate Hikes at Capital One, 5-Year CD Now 2.30% APY

Deal Summary: 5yr CD, 2.30% APY; 2yr CD, 1.60% APY; 18mo CD, 1.45% APY; no minimum deposit

Availability: Nationally available

Capital One increased the rates on four of its 360 CDs this morning. The 5-year CD rate had the largest increase. The APY is now 2.30%, up by 30 basis points. The 2-year CD rate also had a sizeable increase, up 15 basis points to 1.60% APY. The 18-month CD rate increased 10 basis points to 1.45% APY, and the 9-month CD rate increased 20 basis points to 0.60% APY.

Continue Reading
Ally Bank Raises Its 5-Year High Yield CD Rates

Deal Summary: 60-month CD, 2.00% APY, $25k minimum deposit

Availability: Internet Bank

Last Friday, Ally Bank increased the rates of its 5-year High Yield CD by 25 basis points. The top tier now has a 2.00% APY, with a minimum deposit of $25k. Slightly lower rates are available for smaller deposits (1.95% APY for a $5k minimum and 1.90% APY with no minimum). These rates and tiers also apply to Ally Bank’s IRA 5-year CD. Note, Ally Bank began rate tiers in 2015.

These new rates aren’t exceptional, but...

Continue Reading
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...

Continue Reading
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...

Continue Reading