Happy New Year!

Happy New Year! I and my team at DepositAccounts wish you and your family a happy, healthy and prosperous New Year. I thank all of you for your support over the last year.

I’ll be spending today with family recovering from last night’s celebrations. My weekly summaries will return next Tuesday, January 7th. By then most credit unions should have their January rates published. I did a quick check of the major credit unions which often update rates as soon as the new month begins. I only found four credit unions with rate changes that were effective on January 1st. Here’s a summary of how their rates have changed:

• Justice Federal Credit Union (5yr Jumbo down 51 bps to 2.69%)
• Advancial (5yr Jumbo up 13 bps to 2.83%, 1yr Jumbo down 2 bps to 2.00%)
• Mountain America (5yr down 10 bps to 2.30%, 30mo down 5 bps to 2.15%)
• CommunityWide (1yr down 15 bps to 2.10%, 6mo down 15 bps to 2.05%)

NASA Federal Credit Union appears to have continued their three Certificate Specials into January. Their rate sheet now has a January 1st date, and it still lists the three Specials:

• 49-month: 2.60% APY
• 15-month: 2.50% APY
• 9-month: 2.35% APY

I was hoping for something noteworthy from PenFed, but there were no changes. They have a history of offering great CD rates around the first of the year. Their highest Certificate rate is still only 1.90% APY on their 7-year term.