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CD Deals Summary

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Update 4/10/2024: For an up-to-date CD Summary, please refer to this scaled-down version in the DA Forum: CD rate leaderboard for April 10, 2024. For the latest CD rates, please refer to DA's main CD rate table.

The February CPI report that was released on Tuesday showed that inflation remains elevated. In February, inflation increased more than had been forecasted. Core CPI, which excludes energy and food prices, increased 0.4% on a monthly basis and 3.8% on an annual basis. The forecasted increases were 0.3% and 3.7%, respectively. This is the second straight month with inflation being slightly hotter than expected. This gives the Fed more reason to delay rate cuts.

The Fed’s March meeting is only one week away, and all signs point to the Fed keeping its policy rate unchanged. This meeting will also include an update to the Fed’s Summary of Economic Projections (SEP). In the last SEP in December, the Fed’s dot plot suggested three 25-bp rate cuts in 2024. The hotter-than-expected inflation that we’ve seen in the last two months may result in a dot plot that shows fewer rate cuts in 2024. If that happens, the odds of a rate cut before the second half of 2024 should fall substantially.

The odds that there’ll be a rate cut at or before the Fed’s June meeting are now 64.9%, down from 69.4% last week. However, the odds rise substantially in the second half. The odds of a rate cut by the Fed’s July meeting are 83.1%.These odds are based on the Fed Funds futures market via the CME FedWatch Tool..

Early this year, it appeared that inflation might fall enough to allow the Fed to cut in March. Banks were quick to jump on the “rate cuts are coming” bandwagon. They saw the potential of falling interest rates as an opportunity to lower CD rates to improve their profitability. Since January, several online banks have lowered their CD rates, and that has continued into March.

Major online banks that lowered their 1-year CD rates in the last two weeks include Ally Bank (4.65% → 4.50% APY), Barclays (5.15% → 5.00% APY), Capital One (5.00% → 4.90% APY), and Sallie Mae Bank (5.25% → 5.10% APY).

Several of the smaller online banks joined the major ones with their own CD rate cuts. Noteworthy small online banks that lowered their 1-year CD rates include My eBanc (5.45% → 5.41% APY), TotalDirectBank (5.50% → 5.35% APY), Credit One Bank, NA (5.40% → 5.20% APY), and Bask Bank (5.40% → 5.20% APY).

There were a few banks that increased their CD rates in March. These include CFG Bank (5.35% → 5.40% APY), Forbright Bank (5.10% → 5.25% APY), and LendingClub Bank (5.10% → 5.15% APY). This might be a sign that the recent trend of CD rate cuts will weaken.

The widespread CD rate cuts in January and February can be seen in the Online CD Indexes. Both the Online 1-year CD Index and the Online 5-year CD Index fell in January and February. From January 1st to March 1st, the Online 1-year CD Index fell from 5.35% to 5.02%, and the Online 5-year CD Index fell from 3.95% to 3.84%. The Indexes are the average yields of ten online CDs from well-established online banks.

Noteworthy CD rate changes from the last two weeks are included below (All percentages are APYs).

I’ve separated them into three groups: 1) the major online banks, 2) the less well known banks, and 3) the credit unions with easy membership requirements.

Major online banks:

  • Barclays (1y 5.15% → 5.00%, 6m 0.10% → 5.30%)
  • BMO Alto (6m 5.50% → 5.25%)
  • Capital One (18m 4.70% → 4.50%, 1y 5.00% → 4.90%, 10m 4.30% → 5.10%)
  • Sallie Mae Bank (1y 5.25% → 5.10%, 6m 5.10% → 4.95%)
  • Marcus by Goldman Sachs (14m 5.15% → 5.05%)
  • Synchrony Bank (14m 4.90% → 5.00%, 11m NP 3.65% → 0.25%)
  • Ally Bank (1y 4.65% → 4.50%, 11m NP 4.15% → 4.00%)

Less well known banks:

  • My eBanc (Jumbos: 1y 5.45% → 5.41%, 6m 5.51% → 5.49%)
  • CFG Bank (1y 5.35% → 5.40%)
  • TotalDirectBank (1y 5.50% → 5.35%, 6m 5.50% → 5.45%)/li>
  • Popular Direct (5y 4.45% → 4.35%, 1y 5.30% → 5.25%)
  • First Internet Bank (5y 4.61% → 4.55%, 3y 4.76% → 4.66%, 1y 5.36% → 5.31%)
  • T Bank (13m Spc 5.50% → 5.25%)
  • Forbright Bank (1y 5.10% → 5.25%)
  • Credit One Bank, NA (3y 4.30% → 4.15%, 18m 5.00% → 4.75%, 1y 5.40% → 5.20%)
  • Bask Bank (1y 5.40% → 5.20%, 6m 5.35% → 5.15%)
  • ConnectOne Bank (11m 5.40% → 5.15%)
  • LendingClub (1y 5.00% → 5.15%)
  • Luana Savings Bank (Jumbos: 30m 5.01% → 4.96%, 2y 5.11% → 5.06%, 18m 5.17% → 5.11%)
  • TAB Bank (2y 5.00% → 4.80%, 18m 5.13% → 5.00%)

Credit unions that have easy membership requirements:

  • USALLIANCE Financial (1y Spc 5.20% → 5.40%)
  • NASA FCU (49m 4.45% → 4.35%, 9m 5.40% → 5.30%)
  • Elements Financial (13m Spc 5.25% → 5.35%)
  • Connexus CU (Jumbos: 2y 4.56% → 4.68%, 1y 4.81% → 5.06%, New 10m 5.30%)
  • Farmers Insurance FCU (2y 5.00% → 4.25%, 18m 5.00% → 5.25%, 1y 5.00% → 5.25%)
  • Mountain America CU (1y Spc 5.15% → 5.25%)
  • Affinity FCU (New Money Spc: 14m 5.50% → 5.00%, 8m 5.50% → 5.25%)
  • Lafayette FCU (Jumbos: 3y 5.20% → 4.68%, 2y 5.20% → 4.84%, 1y 5.61% → 5.20%)
  • Alliant CU (Jumbo 18m 5.20% → 5.05%)
  • Advancial CU (Jumbos: 5y 5.40% → 5.01%, 4y 5.20% → 4.81%, 3y 5.06% → 4.65%)
  • Latino CU (Jumbos: 2y 5.10% → 4.80%)
  • Notre Dame FCU (3y Spc 5.25% expired, 18m Spc 5.55% → 4.75%)
  • Pelican State CU (5y 3.82% → 4.70%, 4y 3.71% → 4.59%, 3y 4.23% → 4.49%)
  • PenFed CU (5y 4.00% → 3.80%, 15m 4.55% → 4.40%)

Brokered CD Rates

All of the following rates are based on non-callable, new-issue brokered CDs that were observed this morning at Fidelity and Vanguard.

After eight consecutive weeks of rate gains on brokered CDs, the streak has ended. The top rates of long-term CDs with terms from three to five years fell 5 bps from two weeks ago, while the top shorter-term CD rates mostly held steady from two weeks ago.

Morgan Stanley Bank and its sister bank, Morgan Stanley Private Bank were the primary banks to issue the top long-term CD rates at both brokerage firms. Their 5-, 4-, and 3-year rates were 4.30%, 4.35%, and 4.60%, respectively.

For the 2-year term, the top rate was 4.80%, the same top rate from two weeks ago. Among the banks issuing this rate was Bank of America. Wells Fargo was just behind Bank of America with a rate of 4.70%. This was down 5 bps from two weeks ago.

Just like two weeks ago, the longest term with rates of at least 5% is 18 months. Two small banks issued 18-month CDs today with a rate of 5.05%.

For the 1-year term, the top rate was 5.20% at Vanguard and 5.15% at Fidelity. Bank of America was one of three banks that had issued 1-year CDs with a 5.20% rate at Vanguard. At Fidelity, the top 1-year rate was 5.15%. Charles Schwab Bank was the only bank that had issued a 1-year CD with this rate.

The highest brokered CD rate was 5.35% at Vanguard. These were CDs with 3- and 6-month terms, and they were also the top rates at Vanguard two weeks ago.

One noteworthy change from two weeks ago was the appearance of non-callable long-term CDs (7- and 10-year terms). At both brokerage firms, there were 7-year and 10-year non-callable CDs with rates that ranged from 4.00% to 4.15%. This suggests that some banks may be seeing higher odds that relatively high rates may actually last for several years.

Direct CD Rates and Deals

A few of the credit unions that had market-leading CD rates did cut their rates in March. However, four credit unions held their rates steady through March, and they’re now the rate leaders for the four categories with terms under three years.

For the under 1-year category, Andrews FCU continues to be the rate leader with its 6-month Share Certificate Special (5.75% APY). Newtek Bank is in second place with its 6-month CD (5.55% APY, $2.5k minimum).

T Bank had been the rate leader for the 1-year category, but its 13-month CD Special just had a rate cut that lowered the rate to 5.25% APY. The new leader in the 1-year category is Alliant Credit Union. Its 1-year Jumbo CD is on top with a 5.45% APY. This requires a $75k minimum deposit. Its non-Jumbo version, which has a minimum deposit of only $1k, is close behind with a 5.40% APY. It’s nice to see Alliant Credit Union back as a rate leader. However, it's disappointing that their online savings account remains uncompetitive.

Hughes Federal Credit Union held its very competitive 17-month CD rates steady in March, and it appears these will hold through March. These remain the rate leaders for the 18-month category. In fact, with the recent rate cuts at Notre Dame FCU, these 17-month CD rates now have a large lead. There are two rates: 5.65% APY for a $99k minimum deposit and 5.60% APY for a $50k minimum deposit. Please refer to this Hughes FCU CD review for details.

In the 2-year category, Pelican State Credit Union is now the rate leader with a 5.27% APY for a 24-month Share Certificate ($500 minimum). This 2-year rate has held steady since August 2023. Please see my review of Pelican State Credit Union and its 24-month CD for more details.

For the 3-year category, DollarSavingsDirect (DSD) appears to be the only institution offering a yield of at least 5%. A couple of credit unions that had been offering 5%+ have recently lowered their rates. DSD has been offering 5.00% APY on its 3-year CD since last August. Before you open a DSD CD, you first must have a DSD online savings account, which also has a 5.00% APY. DSD is an online division of Emigrant Bank, which has three different online divisions. The other two are MySavingsDirect and EmigrantDirect. All three online divisions have the same products, but they typically have different rates. MySavingsDirect was also offering 5.00% APY on its 3-year CD, but this rate fell to 3.00% APY in February. For more details about this 3-year CD, please refer to my review of MySavingsDirect CDs. All three online divisions share the same online account platform and CD features. Please refer to my report on the recent changes at Emigrant Bank.

The best long-term CD deal in January and February had been at Advancial Credit Union. For a $50k minimum deposit, its 5-year and 4-year CD rates were 5.40% APY and 5.20% APY, respectively. Advancial’s rates went down in March, but amazingly, they remain rate leaders in the 5- and 4-year categories. Its 5-year CD now has APYs of 5.01% ($50k minimum), 4.91% ($25k minimum), and 4.80% ($1k minimum), and its 4-year CD now has APYs of 4.81% ($50k minimum), 4.71% ($25k minimum), and 4.60% ($1k minimum). Note, Advancial has a history of being erratic in providing an easy path to membership for people in any state. Due to this, Advancial products haven’t been included in DA’s rate tables when the “Nationwide Only” filter option is selected. For more details about these Certificates and how to join Advancial, please refer to this review of Advancial Certificates. Thanks to the DA readers who have shared their experiences joining Advancial and opening these CDs in the comments of the review and in this DA Forum thread.

Savings and Money Market Accounts

I publish my survey of the best liquid bank account rates in a separate post. This recap focuses on CDs, but I’ll include a short note on the best liquid bank account deal.

Popply Bank is now alone as the rate leader after Milli Bank slashed its savings account rate from 5.50% to 4.75% APY. Poppy Bank continues to offer 5.50% APY on its Premier Savings account, and this rate is still guaranteed to last for three months after account opening.

Money Market Funds, Treasurys and TIPS

Another option for your liquid savings is a money market fund. The Vanguard Federal Money Market Fund (VMFXX) now has a 7-day SEC yield of 5.26% and a compound yield of 5.39%.

Treasury bills are a strong competitor to short-term CDs. With the recent rise of Treasury yields and the decline of short-term direct CD rates, Treasury bills are now comparing more favorably to CDs. For a 1-year term, top CD rates continue to have a sizable lead over the 1-year T-bill (5.01% at today’s market close). However, shorter-term T-bill yields are close to the top CD rates. The short-term T-bill yields range from 5.52% for a 1-month T-bill to 5.37% for a 6-month T-bill.

The recent rise of Treasury note yields and the decline of long-term direct CD rates have also helped make Treasury notes more competitive. At today’s market close, the 2-, 3-, 5-, 7-, and 10-year yields were 4.61%, 4.37%, 4.19%, 4.20% and 4.19%. These yields are down between 3 and 8 bps from two weeks ago. If you live in a state with state income tax, these yields may be close to the tax equivalent yields that you can get from top CDs.

To compare after-tax equivalent yields, this Fidelity calculator is useful.

For an estimate of Treasury yields, please refer to this Treasury page.

Lastly, another option to consider is TIPS. You can see estimates of the current real yields of TIPS at this Treasury page. They now range from 1.82% to 2.08%. These are down from 1.88% to 2.12% two weeks ago.

Even though these real yields have fallen from their recent peaks, they’re still high relative to the last decade, and it remains a good time to build a TIPS ladder. This Tipswatch article has a great review of this strategy.

There’s now a simpler way to create a TIPS ladder. In September, BlackRock introduced defined-maturity TIPS ETFs. There are ten of these ETFs with ten different maturity dates, from 2025 to 2034. Their expense ratio is fairly low at 0.10%. Allan Roth has a useful review of these ETFs that describes the pros and cons of buying these instead of individual TIPS.

Comments:

Please keep discussions of the Fed and the economy to a minimum in the comments of this post. The focus of the comments should be deposit accounts and rates. Comments in this post that include politics may be removed. Political discussion that relates to the economy should be kept in my Fed meeting review post.

Yields Accurate as of March 13, 2024

Under 1-Year CD Rates

InstitutionRatesNotes
Andrews Federal Credit Union5.75% ($1k) 6-month New Member Share Certificate Special Easy membership Account review
Newtek Bank5.55% ($2.5k) 6-month CD Internet bank Account review
CAFCU5.50% ($1k) 7-month CD Special Easy membership Account review
Elements Financial5.50% ($1k) 8-month CD Special Easy membership Account review
Gateway First Bank5.50% ($500) 7-month CD Special Account review
Superior Choice Credit Union5.50% ($500) 6-month Share Certificate Easy membership Account review
My Banking Direct5.50% ($2.5k) 5-month CD Special (**NTS)Internet bank Account review
My eBanc5.49% ($50k) 6-month Jumbo Online Time Deposit Internet bank Account review
TotalDirectBank5.45% ($25k) 6-month CD (**NTS) Account review
Genisys Credit Union5.41% ($500) 9-month Share Certificate Special (**NTS)Easy membership Account review
The Vanguard Group Brokered CD5.35% (APR) 4-6 month non-callable CDIssued by MRBI*
The Vanguard Group Brokered CD5.35% (APR) 1-3 month non-callable CDIssued by DART*
Climate First Bank5.34% ($500) 6-month No Penalty CD Special Account review
OptimumBank5.30% ($1) 5-month No Penalty CD via Raisin Account review
The Vanguard Group Brokered CD5.30% (APR) 7-9 month non-callable CDIssued by TMNB*
Fidelity Brokered CD5.30% (APR) 6-month non-callable CDIssued by BoC, LIBB, PFB, SBoI*
Fidelity Brokered CD5.30% (APR) 3-month non-callable CDIssued by BBUSA, BoC, BoCA, CALP, KEY*
Technology Credit Union5.25% ($1) 5-month No Penalty CD via Raisin Account review
Fidelity Brokered CD5.20% (APR) 9-month non-callable CDIssued by BoA, BoC, BoCA , PREB, WFB*
All In Credit Union5.17% ($100k) 9-Month Jumbo CD (one penalty-free withdrawal)Easy membership Account review
All In Credit Union5.12% ($1k) 9-Month CD (one penalty-free withdrawal)Easy membership Account review

Noteworthy Local Deals - Under 1-Year CDs

Vast Bank5.75% ($2.5k) 6-month CD SpecialOklahoma See review
Robins Financial Credit Union5.70% ($500) 7-month Share Certificate Special (**NTS)Easy membership in Georgia See review
Legacy Bank & Trust5.65% ($1k) 6-month High Yield CD Missouri, Oklahoma, Texas Account review
Peoples Savings Bank of Rhineland5.64% ($1k) 8-month CD (**NTS)Missouri Account review
Resource One Credit Union5.64% ($500) 5-month CD (**NTS)Dallas and Harris Counties, Texas Account review

1-Year CD Rates

Alliant Credit Union5.45% ($75k), 5.40% ($1k) 12-month Jumbo CD/CD Easy membership Account review
My eBanc5.41% ($50k) 12-month Jumbo Online Time Deposit) Internet bank Account review
CFG Bank5.40% ($500) 12-month CD (**NTS) Account review
USALLIANCE Financial5.40% ($500) 12-month Certificate Special (**NTS) Easy membership Account review
Expedition Credit Union5.40% ($2.5k) 12-month CD Special Easy membership Account review
NexBank5.40% ($100k) 12-month Promotional Online Jumbo CD Account review
First Flight Federal Credit Union5.38% ($10k), 5.27% ($500) 12-month Share Certificate (**NTS)Easy membership Account review
CIBC Bank USA5.36% ($1k) 13-month Agility CD Account review
BrioDirect5.35% ($500) 12-month Promo High-Yield CD (**NTS)Internet bank Account review
Elements Financial5.35% ($1k) 13-month CD Special (**NTS)Easy membership Account review
The Vanguard Group Brokered CD5.20% (APR) 10-12 month non-callable CDIssued by BoA, EVNB, HADSB *
Fidelity Brokered CD5.15% (APR) 1-year non-callable CDIssued by SCHW*

Noteworthy Local Deals - 1-Year CDs

Bank of South Texas5.88% ($1k) 12-month CD Texas, possible nationwide availability See review
Del Norte Credit Union5.65% ($1k) 13-month Share Certificate Special Possible easy membership, 14 New Mexico counties Account review
Citizens National Bank of Texas5.64% ($10k) 12-month CD Special 5 North Texas counties and Placer County, California See review
Colonial Savings5.64% ($10k) 11-month CD Special (**NTS)Dallas-Fort Worth metro area See review
Space Coast Credit Union5.61% ($500) 12-month CD (**NTS)34 Florida counties Account review

18-month CD Rates

Hughes Federal Credit Union5.65% ($99k) 17-Month Jumbo CD Easy membership Account review
Hughes Federal Credit Union5.60% ($50k) 17-Month Mini Jumbo CD Easy membership Account review
State Department Federal Credit Union5.41% ($100k) 15-month Jumbo Certificate Special Easy membership Account review
Fortera Credit Union5.35% ($1k) 18-month Share Certificate Easy membership Account review
Life Credit Union5.35% ($1k) 18-month Share Certificate (**NTS)Easy membership Account review
Climate First Bank5.34% ($500) 15-month Flex CD Special Account review
Technology Credit Union5.25% ($1k) 17-month Flextime Certificate Special Easy membership Account review
First National Bank of America5.15% ($1k) 12-23 month CD Account review
Luana Savings Bank5.11% ($100k) 18-month CD Special Account review
M.Y. Safra Bank5.08% ($500) 18-month MYSB Direct Online CD (**NTS) Account review
Fidelity Brokered CD5.05% (APR) 18-month non-callable CDIssued by FNB*
The Vanguard Group Brokered CD5.05% (APR) 13-18 month non-callable CDIssued by TXHNB*
First Internet Bank5.04% ($1k) 18-month CD (**NTS)Internet bank Account review

Noteworthy Local Deals - 18-Month CDs

Local Government Federal Credit Union5.75% ($250) 18-month CD North Carolina local government employees/volunteers See review
Chicago Municipal Employees Credit Union5.60% ($5k) 18-month Share Certificate Special Chicagoland See review
R Bank5.60% ($1k) 15-month R Option CD Special Texas See review
MembersFirst Credit Union5.50% ($1k) 18-month MembersFirst 55 Plus CD Easy membership in Georgia See review
FinWise Bank5.50% ($500) 15-month CD Special (**NTS)Salt Lake City metro area See review

2-Year CD Rates

Pelican State Credit Union5.27% ($500) 24-month CDEasy membership Account review
Credit Human5.20% ($500) 18-23 month CD Easy membership Account review
First National Bank of America5.15% ($1k) 12-23 month CD Account review
Department of Commerce Federal Credit Union5.12% ($25k), 5.02% ($500) 12-23 month CD (*NTS)Easy membership Account review
Luana Savings Bank5.06% ($100k), 4.92% ($2k) 24-month CD Special Account review
Alliant Credit Union5.05% ($75k), 5.00% ($1k) 18-23 month Jumbo CD/CD Easy membership Account review
Lafayette Federal Credit Union4.94% ($100k), 4.84% ($500) 2-year Jumbo CDEasy membership Account review
My eBanc4.85% ($50k) 24-month Jumbo Online Time Deposit (**NTS)Internet bank Account review
First Internet Bank4.82% ($1k) 24-month CD Internet bank Account review
TAB Bank4.80% ($1k) 24-month CD Account review
Fidelity Brokered CD4.80% (APR) 2-year non-callable CDIssued by BoA, BHAP, MCBTN, MVB*
The Vanguard Group Brokered CD4.80% (APR) 2-year non-callable CDIssued by BHAP, BoA, MVB, USB*

Noteworthy Local Deals - 2-Year CDs

Security First Credit Union5.64% ($500) 24-month CD Special Rio Grande Valley, Texas See review
MembersFirst Credit Union5.50% ($1k) 24-month MembersFirst 55 Plus CD Easy membership in Georgia See review
Eastman Credit Union5.40% ($100k) 1-2 year Jumbo Investment Certificate (**NTS)7 Tennessee, 7 Virginia, and 2 Texas counties Account review
Freedom Federal Credit Union5.35% ($300) 25-month CD Special (**NTS)Baltimore and Harford Counties, Maryland Account review
EFCU Financial5.35% ($100k), 5.25% ($500) 24-month Jumbo CD (**NTS)9 Louisiana Capital Area parishes See review

3-Year CD Rates

DollarSavingsDirect5.00% ($1k) 36-month Internet bank Account review
Hughes Federal Credit Union4.97% ($99k) 36-month Jumbo CD Easy membership Account review
Luana Savings Bank4.96% ($100k), 4.81% ($2k) 30-month CD Account review
Skyla Credit Union4.95% ($50k) 3-year Jumbo Share Certificate Easy membership Account review
Dow Credit Union4.81% ($500) 36-month Simple CD Easy membership Account review
First National Bank of America4.80% ($1k) 24-35 month CD Account review
Credit Human4.75% ($500) 24-35 month CD (**NTS)Easy membership Account review
Library of Congress Federal Credit Union4.73% ($500) 36-47 month Share Certificate Easy membership Account review
Lafayette Federal Credit Union4.68% ($100k), 4.58% ($500) 3-year Jumbo CD Easy membership Account review
First Internet Bank4.66% ($1k) 36-month CD Internet bank Account review
Seattle Bank4.65% ($1k) 36-month CD Account review
The Vanguard Group Brokered CD4.60% (APR) 3-year non-callable CDIssued by 1stNBM, MSB, MSPB, NICO, USB*
Fidelity Brokered CD4.60% (APR) 3-year non-callable CDIssued by 1stNBM, MSB, MSPB, NICO*

Noteworthy Local Deals - 3-Year CDs

Chicago Municipal Employees Credit Union5.80% ($5k) 36-month Share Certificate Special Chicagoland See review
Empower Federal Credit Union5.30% ($100k), 5.25% ($500) 30-month Share Certificate 8 Western and Central New York counties See review
Education First Credit Union5.25% ($500) 30-month CD Special 7 Central Ohio counties, all Ohio school employees See review
Mountain Credit Union5.15% ($2.5k) 36-month CD Special (**NTS)12 western North Carolina counties See review
EFCU Financial5.10% ($100k), 5.00% ($500) 30-month Bump Option Jumbo CD (**NTS)9 Louisiana Capital Area parishes See review
Tennessee Valley Federal Credit Union5.09% ($1k) 30-month CD (**NTS)10 Tennessee and 7 Georgia counties See review

4-Year CD Rates

Advancial4.81% ($50k) 4-year Jumbo Certificate Easy membership See review
Library of Congress Federal Credit Union4.73% ($500) 36-47 month Share Certificate Easy membership Account review
First National Bank of America4.65% ($1k) 36-47 month CD Account review
BMO Alto4.60% (no min) 48-month Online CDInternet bank Account review
Credit Human4.60% ($500) 36-59 month CD Easy membership Account review
Pelican State Credit Union4.59% ($500) 48-month CD (**NTS)Easy membership Account review
Seattle Bank4.55% ($1k) 48-month CD Account review
Lafayette Federal Credit Union4.52% ($100k) 4-year Jumbo CD Easy membership Account review
First Internet Bank4.50% ($1k) 48-month CD Internet bank Account review
Popular Direct4.45% ($10k) 48-month Popular Direct CD Account review
The Vanguard Group Brokered CD4.35% (APR) 4-year non-callable CDIssued by MSB, MSPB, USB*
Fidelity Brokered CD4.35% (APR) 4-year non-callable CDIssued by MSB, MSPB, NICO*

Noteworthy Local Deals - 4-Year CDs

Wildfire Credit Union5.00% ($500) 49-month CD Special Easy membership in Michigan See review
Chicago Municipal Employees Credit Union4.73% ($5k) 48-month Share Certificate Special (**NTS)Chicagoland See review
Texas Bay Credit Union4.70% ($50k) 36-47 month CD 8 Houston metro area counties See review
MembersFirst Credit Union4.68% ($1k) MembersFirst 55 Plus 48-month CD (**NTS)Easy membership in Georgia See review
Eastman Credit Union4.65% ($100k) 4-5 year Jumbo Investment Certificate (**NTS)7 Tennessee, 7 Virginia, and 2 Texas counties Account review

5-Year CD Rates

Advancial5.01% ($50k) 5-year Jumbo Certificate Easy membership See review
Pelican State Credit Union4.70% ($500) 60-month CD (**NTS)Easy membership Account review
State Bank of India (IL)4.68% ($2.5k) Senior Citizens 60-month CD Account review
BMO Alto4.60% (no min) 60-month Online CDInternet bank Account review
Credit Human4.60% ($500) 36-59 month CD Easy membership Account review
Department of Commerce Federal Credit Union4.60% ($25k), 4.50% ($500) 48-59 month CD Easy membership Account review
State Bank of India4.58% ($25k) 5-year Senior Citizen CD Account review
First National Bank of America4.55% ($1k) 60-month CD Account review
First Internet Bank4.55% ($1k) 60-month CD Internet bank Account review
Pima Federal Credit Union4.50% ($250) 60-month CD Easy membership Account review
Fidelity Brokered CD4.30% (APR) 5-year non-callable CDIssued by MSB, MSPB*
The Vanguard Group Brokered CD4.30% (APR) 5-year non-callable CDIssued by MSB, MSPB, USB*

Noteworthy Local Deals - 5-Year CDs

LA Financial Credit Union4.80% ($100k) 60-month Fixed Rate Term Share Account Los Angeles County, California and Lake Havasu, Arizona See review
Eastman Credit Union4.75% ($100k) 5-year Jumbo Investment Certificate 7 Tennessee, 7 Virginia, and 2 Texas counties Account review
East Texas Professional Credit Union4.73% ($1k) 60-month Share Certificate (** NTS)16 East Texas counties Account review
MembersFirst Credit Union4.62% ($1k) MembersFirst 55 Plus 60-month CD Easy membership in Georgia See review
EFCU Financial4.60% ($100k), 4.50% ($1k) 60-month Jumbo CD 6 Louisiana parishes See review

Over 5-Year CD Rates

Department of Commerce Federal Credit Union4.44% ($25k), 4.34% ($500) 60-84 Month CDEasy membership Account review
First National Bank of America4.35% ($1k) 72-month CD Account review
First National Bank of America4.30% ($1k) 84-month CD Account review
Luana Savings Bank4.19% ($100k), 4.09% ($2k) 6-year CD Account review
Fidelity Brokered CD4.15% (APR) 7-year non-callable CDIssued by ASIAN*
Luana Savings Bank4.14% ($100k), 4.04% ($2k) 7-year CD Account review
Northrop Grumman Federal Credit Union4.12% ($40k) 84-month Bonus Term CD Easy membership See review
The Vanguard Group Brokered CD4.10% (APR) 7-year non-callable CDIssued by 1stNBA, CELT*
KS StateBank4.06% ($500) 7-year CDAccount review
The Vanguard Group Brokered CD4.05% (APR) 10-year non-callable CDIssued by 1stNBA, CELT*
Fidelity Brokered CD4.05% (APR) 10-year non-callable CDIssued by CELT*
INOVA Federal Credit Union4.00% ($200) 6-year CD Easy membership See review
Michigan State University Federal Credit Union3.95% ($100k) 7-year Jumbo Certificate Easy membership Account review
PenFed Credit Union3.70% ($1k) 7-year Money Market Certificate Easy membership Account review

Noteworthy Local Deals - Over 5-year CDs

Eastman Credit Union4.85% ($100k) 6-year Jumbo Investment Certificate 7 Tennessee, 7 Virginia, and 2 Texas counties Account review
OnPath Federal Credit Union4.35% ($1k) 72-month CD Greater New Orleans metro area See review
Via Credit Union4.33% ($500) 60-71 month CD 12 NE Indiana counties See review
BMI Federal Credit Union4.32% ($5k) 61-month CD Special8 central Ohio counties See review
APG FCU4.25% ($25k) 84-month Super CD Baltimore, Cecil, Harford Counties, City of Baltimore Account review

*1stNBA (First National Bank of America), 1stNBM (First National Bank of Michigan), ASIAN (Asian Bank PA), BBUSA (Beal Bank USA), BHAP (Bank Hapoalim), BoA (Bank of America), BoC (Bank of China), BoCA (Banc of California), BSB (Bankers Bank), CALP (CalPrivate Bank), CELT (Celt Bank), DART (Dart Bank MI), EVNB (Evans Bank NY), FNB (First National Bank), HADSB (Haddon Savings Bank), KEY (KeyBank), LIBB (Liberty Bank), MCBTN (Mountain Commerce Bank TN), MRBI (Merchants Bank of Indiana), MSB (Morgan Stanley Bank), MSPB (Morgan Stanley Private Bank), MVB (MVB Bank), NICO (Nicolet National Bank WI), PRB (Pathfinder Bank), PREB (Preferred Bank), SBoI (State Bank of India), SCHW (Charles Schwab Bank), TMNB (Trustmark National Bank), TSHNB (Texas Heritage National Bank), USB (USB Bank), WFB (Wells Fargo Bank)

**New To Summary, as of March 13, 2024

Nationally Available Add-On CD Rates

InstitutionRatesNotes
Navy Federal Credit Union5.30% ($50 min/$3k max) 12-month Special Easy Start CDUnlimited deposits throughout term, checking relationship, direct deposit
Mountain America Credit Union5.25% ($5 min/$100k max) 12-month Growth CD Unlimited deposits throughout term, min $10 automatic monthly deposit Account review
All In Credit Union5.12% ($25) 12-month Smart Start CD ($25)Unlimited deposits throughout term, min $25 Account review
Navy Federal Credit Union4.95% ($50) 12-month Easy Start CDUnlimited deposits throughout term
Credit Human4.75% ($5k) 12-month Liquid CDEasy membership Account review
Mountain America Credit Union4.50% ($5 min/$100k max) 24-month Growth CD Unlimited deposits throughout term, min $10 automatic monthly deposit Account review
Mountain America Credit Union4.50% ($5 min/$100k max) 18-month Growth CD Unlimited deposits throughout term, min $10 automatic monthly deposit Account review
NASA Federal Credit Union4.50% ($250) 12 month Add-On Share Certificate Maximum $2.5k additional deposits per month Account review
Michigan State University Federal Credit Union4.50% ($100k) 1-year Add-On Jumbo CDA total of $10k in additional deposits per member
Navy Federal Credit Union4.45% ($50 min) 18-month Easy Start CDUnlimited deposits throughout term
AgFed Credit Union4.30% ($25) 12-month Asset Builder CertificateUnlimited additional deposits of any amount Account review
Rising Bank4.30% ($5k min) 18-month Rising CDOne additional deposit during term
Mountain America Credit Union4.25% ($5 min/$100k max) 60-month Growth CDUnlimited deposits throughout term, min $10 automatic monthly deposit Account review
Michigan State University Federal Credit Union4.25% ($50) 1-year Add-On CDA total of $10k in additional deposits per member)
Mountain America Credit Union4.20% ($5 min/$100k max) 48-month Growth CDUnlimited deposits throughout term, min $10 automatic monthly deposit Account review
Mountain America Credit Union4.20% ($5 min/$100k max) 36-month Growth CD Unlimited deposits throughout term, min $10 automatic monthly deposit Account review
Rising Bank4.20% ($10k) 26-month Rising CD One additional deposit during term
Navy Federal Credit Union4.15% ($50 min) 24-month Easy Start CDUnlimited deposits throughout term
AgFed Credit Union4.05% ($25) 18-month Asset Builder CertificateUnlimited additional deposits of any amount Account review
AgFed Credit Union3.85% ($25) 24-month Asset Builder CertificateUnlimited additional deposits of any amount Account review
Blue Federal Credit Union3.55% ($1k) 30-month Expandable CDUnlimited deposits throughout term
Genisys Credit Union3.48% ($100) 1-Year Flex CD Special Unlimited deposits throughout term ($10-$25k per day), one penalty-free withdrawal up to 25% of principal, one rate bump See review
Bellco Credit Union3.40% ($2.5k) 30-month Smart Move CDOne-time additional deposit of $100+, one partial withdrawal allowed, $1k min must be maintained Account review
Bellco Credit Union3.40% ($2.5k) 24-month Smart Move CDOne-time additional deposit of $100+, one partial withdrawal allowed, $1k min must be maintained Account review
Bank5 Connect3.30% ($500 min) 24-month Investment CDUnlimited deposits throughout term
Bellco Credit Union3.15% ($2.5k) 36-month Smart Move CDOne-time additional deposit of $100+, one partial withdrawal allowed, $1k min must be maintained Account review
Heartland Credit Union (KS)3.03% ($500 min) 30-Month Add-On CDUnlimited deposits ($500 min) throughout term
Pen Air Federal Credit Union2.55% ($500 min) 15-month Add-On CDUnlimited deposits throughout term
Liberty Federal Credit Union (formerly Evansville Teachers Federal Credit Union)1.55% ($25) 1-year Save to Win CertificateUnlimited deposits throughout term Account review
Vibrant Credit Union0.80% ($100 min) 5-Year Add-On CDUnlimited deposits throughout term

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available

Notre Dame Federal Credit Union5.55% (no min) 11-18 month CD SpecialEasy membership See review
XCEL Federal Credit Union5.45% ($500) 18-month CD Special Easy membership Account review
XCEL Federal Credit Union5.25% ($500) 24-month CD Special Easy membership Account review
LAFCU5.50% ($10k) 23-month Jumbo Term Share Certificate Easy membership in Michigan See review
Notre Dame Federal Credit Union5.25% (no min) 36-month CD Special Easy membership See review
Via Credit Union5.25% ($500) 33-month Special Certificate 12 NE Indiana counties See review

CDs Removed, Rate Too Low

Northern Bank Direct5.00% ($500) 9-month CD Internet bank Account review
Affinity Federal Credit Union5.25% ($50k) 8-month CD Special Easy membership Account review
BMO Alto5.25% (no min) 6-month Online CD Internet bank Account review
Genisys Credit Union5.25% ($500) 7-month Share Certificate Special Easy membership Account review
The Summit Federal Credit Union5.60% ($75k) 7-month Jumbo Promotional CD Portions of western New York State See review
Enrichment Federal Credit Union5.39% ($500) 9-month Share Certificate Special 9 Tennessee counties (Knoxville metro area) See review
First Financial Federal Credit Union5.39% ($5k) 9-month Share Certificate Special SEGs in 4 Maryland counties Account review
First Internet Bank5.31% ($1k) 24-month CD Internet bank Account review
Bask Bank5.20% ($1k) 12-month CD Internet bank Account review
Lafayette Federal Credit Union5.20% ($100k), 5.09% ($500) 1-year Jumbo CD Easy membership Account review
Affinity Federal Credit Union5.00% ($50k) 14-month New Money CD Special Easy membership Account review
Affinity Federal Credit Union4.75% ($100k), 4.65% ($50k), 4.55% ($500) 14-month CD Special Easy membership Account review
Vibrant Credit Union5.00% ($5) 13-month CD Special Easy membership Account review
Resource One Credit Union3.82% ($500) 12-month IRA CD Dallas and Harris Counties, Texas Account review
Resource One Credit Union3.56% ($500) 12-month CD Dallas and Harris Counties, Texas Account review
Integra First Federal Credit Union2.35% ($500) 12-month Term Certificate Special 3 Michigan UP counties and 2 NE Wisconsin counties Account review
TAB Bank5.00% ($1k) 18-month CD Account review
Monesty4.75% ($500) 2-year CD Account review
Family Trust Federal Credit Union4.75% ($500) 24-month Share Certificate 12 South Carolina and 4 North Carolina counties See review
Advancial4.65% ($50k) 3-year Jumbo Certificate 8 Louisiana parishes, many petro-refining SEGs See review
Pima Federal Credit Union4.50% ($250) 48-month CD Easy membership Account review
Balboa Thrift and Loan4.40% ($10k) 48-month Jumbo CD Central and Southern California See review
North Star Community Credit Union4.06% ($500) 4-year Share Certificate 22 Iowa counties See review
R-G Federal Credit Union3.30% ($500) 48-month Premier Term CD 12 Missouri counties See review
Lafayette Federal Credit Union4.42% ($100k), 4.32% ($500) 5-year Jumbo CD Easy membership Account review
Balboa Thrift and Loan4.30% ($10k) 60-month Jumbo CD Central and Southern California See review
Related Pages: 1-year CD rates, 5-year CD rates, nationwide deals, Internet banks
Comments
racecar
  |     |   Comment #1
I just posted this in the forum, but since there's a new blog on CD rates, I'll repost it here...

EFCU usually changes their rates at the start of each month -- but not this time.

After lowering their rates back in Jan, when March started, they kept the Jan and Feb rates -- the PDF showed rates valid from 3/1/24 to 3/31/24. But that all changed after only 10 days. Suddenly, on 3/11, new rates were posted, and they lowered yet again -- in the middle of the month, which is unusual for them. Take it as a warning that you can't count on places that traditionally only change at the start of each month to always do so, especially when rates are going down. And of course, take those "good until" dates with a grain of salt (as we all know). Rates can, and sadly do, change at any time.

Example:
18mo: 5.00 -> 4.75
24mo: 5.00 -> 4.75
12mo: 5.25 -> 5.00
6 mo: 5.25 -> 5.00
(note that as with all EFCU rates, quoted rates are actually APR, so the APY will be slightly higher).

I like EFCU, but there's now nothing to encourage deposits there.
w00d00w
  |     |   Comment #2
not sure how prevalent this practice currently is, but one small credit union where i've had certificates mature in the last 6 months has offered me renewal terms that are better than what's published on that CU's rate webpage. not a major difference, but at a slightly higher yield and longer duration than its best published CD offering. despite that, the yield is still not competitive with the best rates listed here.
racecar
  |     |   Comment #3
From my own experience it's not common, but I have had it happen once. Like with you, there was one small CU that informed me that at maturity they will sometimes be willing to offer rates higher than those advertised, and told me to ask at maturity if I was thinking of moving the funds out (but like with your case, other than a CD special, their offered rates are usually below what others pay). I suppose it never hurts to ask... years ago I wanted to open up a CD at a certain CU, but couldn't get through to them on Friday before they closed. I called the next day (they were open half-day on Sat) but the CD deal had expired the end of the day on Fri. There was no proof that I had tried to call them, but I asked if they could ask their manager to still honor the rate, as I had actually tried to reach them on Friday... and they honored the rate. So as long as you don't expect anything, I guess it never hurts to ask.
milty
  |     |   Comment #7
I would say this is not a common practice at all, and especially when it comes to matching rates, at least not in the last decade or so. There was indeed a time one could go to their bank and get a rate match, but that very rarely happens today. It's almost as if the FIs have conspired to not compete. :-)
Oldtimer1
  |     |   Comment #4
Under "Noteworthy CD rate changes" for "Less well known banks" the fourth bullet point reads "Popular Direct (5y 4.45% ? 5.35%". Presumably a typo, as their website shows 4.35% for 60 months?
Ken Tumin
  |     |   Comment #6
Good catch! Thanks for the comment. It's now corrected.
LovinSomeCDs
  |     |   Comment #5
"Inflation remains elevated"
Music to my ears!
Thanks B.C.I. we all appreciate ya!

Side note, I am still sticking to my prediction that not only will there be no rate cuts this year, but we will have one .25% INCREASE!  I made sure to document it in a comment at the very beginning of 2024.
davidinNY
  |     |   Comment #8
happy Thursday all! just joined advancial w/ 5 year cd at 5.01...could not have been easier and the nicest people (Alex and brandy)! I signed up for the dog agility membership and sailed right through. they answered every question with a smile...I wish they were closer to ny, but all in all a superb experience!
melsher14
  |     |   Comment #12
Finally opened 4 5 yr Ira CD’s at the 5.01 apy. Missed the 5.40 apy by a few days??

Below is from Hughes FCU website today.
4.97% APY*
36 Mo. IRA Certificate • $1,000 Min. Balance
5.02% APY*
36 Mo. IRA Certificate (Mini-Jumbo) • $50,000 Min. Deposit
5.07% APY*
36 Mo. IRA Certificate (Jumbo) • $99,000 Min. Balance
gregk
  |     |   Comment #15
Badly want to place more funds in Advancial’s 5 year Jumbo, but no way for me to keep everything insured if I do that, and Advancial’s not a healthy enough Institution for me to be anything but wary of going over my limits in that regard, given that it’s always been taboo with me. 

Still, I’m considering it with a lot of trepidation, - especially because of the long-term exposure that would entail, with unpredictable events potentially putting my funds in danger.

Anyone here have a similar personal policy as my own they’ve been willing to break under certain conditions, and if so how did the decision process unfold?
JeffinEasternFL
  |     |   Comment #16
Not worth it! Stay within FDIC/NCUA limits; that ".xx APY" difference from this or another FI won't change your life but a financial failure 3 ,4, 5` ish years down the road when your $$ are locked up just might!
Nysavr
  |     |   Comment #17
You can add 2 beneficiaries to increase insurance coverage to $500,000.
niniss
  |     |   Comment #11
I'm inclined to agree with you. I don't understand why people need others to tell them the inflation is still hot. Are they not living like normal people who have to see and deal with day to day living? Whenever I go I see inflated prices, and not by a little.
w00d00w
  |     |   Comment #13
we will have one .25% INCREASE

wonder what it would take for this to happen? my guess would be something in the vicinity of inflation surging back to levels of 6+%.
LovinSomeCDs
  |     |   Comment #14
Real inflation is already above 6%. We shoppering see it everyday. The "3%" that they are claiming right now is nothing but a cooked book!
Robb
  |     |   Comment #18
I don’t know anyone who thinks inflation is 3% other than those whose bias is for political purposes. Just look at the jobs numbers the past year. They typically come in hot…they are trumpeted by the POTUS on social media…then often have massive downside revisions.  Yet nothing but crickets about that.  

I put little into the government figures especially in an election year.

https://twitter.com/KobeissiLetter/status/1766096550885827059

https://twitter.com/DavidAsmanfox/status/1766102510303879543
racecar
  |     |   Comment #9
Ken: There's something of an error in your listing for First National Bank of America.

DA shows that the terms are flexible (ex: in the 2yr CD catagory, DA shows "12-23 month CD") but this is not the case unless you're local and can walk into a branch. Otherwise, they are unable to process anything but the standard terms (12mo, 24mo, etc) for CDs opened online or over the phone. I was told this by a very friendly CSR when I called. I asked again if there was any way something such as, say, 20 months, could be done without going into a branch, but again she said the only way they're able to do that is if one goes into a branch, otherwise no.

I don't know how to list that on DA, as it isn't an error for those who are local in Lansing MI, but to everyone else on DA, the CDs are only available in full years, not the flexible months that DA shows.
Thanks.
melsher14
  |     |   Comment #10
On today’s Hughes FCU WEBSITE

4.97% APY*
36 Mo. IRA Certificate • $1,000 Min. Balance
5.02% APY*
36 Mo. IRA Certificate (Mini-Jumbo) • $50,000 Min. Deposit
5.07% APY*
36 Mo. IRA Certificate (Jumbo) • $99,000 Min. Balance
#19 - This comment has been removed for violating our comment policy.
Vernazza
  |     |   Comment #21
Federal Reserve Governor Michelle Bowman said Friday that it's possible interest rates may have to move higher to control inflation.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.