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CD Rates Summary - June 8, 2021

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CD rate changes continue to be on the slow side. Not all are rate cuts. In fact, there are quite a few rate hikes. However, none of the rate hikes are anything to be excited about. Nevertheless, it’s a hopeful sign that the worst of the low rates may actually be behind us.

For the major banks, only two had rate changes.

Marcus by Goldman Sachs did a change of its promotional offering. It had been offering a competitive rate on its 9-month CD, but that rate fell in June (0.65% → 0.25%) as the 18-month CD became the competitive offering (0.55% → 070%).

TIAA Bank had two small rate increases on its 1-year and 18-month CDs.

Most of the CD rate changes in the last two weeks were at credit unions. More than half were rate increases. Most were small increases of only 5 bps, but there were a couple of larger increases.

The most noteworthy of the credit union CD rate hikes were the rate increases at Interior FCU. Its 5-year CD yield gained 20 bps to 1.00% APY, and its 2-year yield gained 15 bps to 0.65% APY.

The most noteworthy rate gain for short-term CDs was at Communitywide FCU. Its 1-year CD rate increased 5 bps to 0.75%, and its 6-month CD rate increased 5 bps to 0.70%.

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

I’ve separated them into three groups: 1) the popular banks, 2) the less well-known banks that have been rate leaders, and 3) the credit unions with easy membership requirements.

Popular Online Banks:

  • Marcus by Goldman Sachs (18m 0.55% → 0.70%, 9m Spc 0.65% → 0.25%)
  • TIAA Bank (18m 0.55% → 0.60%, 1yr 0.50% → 0.55%)

Less well-known banks that have been rate leaders in the past:

  • IncredibleBank (5yr 0.80% → 0.75%, 1yr 0.25% → 0.20%)

Credit unions that have easy membership requirements:

  • Advancial CU (5yr Jbo 1.91% → 1.84%, 1yr Jbo 0.94% → 0.93%)
  • Blue FCU (5yr 1.05% → 1.10%, 1yr 0.55% → 0.40%)
  • Kinecta FCU (5yr Jbo 1.00% → 1.05%, 1yr Jbo 0.50% → 0.55%)
  • Interior FCU (5yr 0.80% → 1.00%, 2yr 0.50% → 0.65%)
  • Premier America CU (5yr 0.80% → 0.85%, 18m 0.60% → 0.65%)
  • Pen Air FCU (5yr 0.99% → 0.80%, 3yr 0.80% → 0.70%)
  • USALLIANCE Financial CU (2y Spc 0.80% → 0.75%, 1y Spc 0.65% → 0.55%)
  • Communitywide FCU (1yr 0.70% → 0.75%, 6m 0.65% → 0.70%)

Brokered CD Rates

This year there have been substantial rate gains on long-term brokered CDs. The gains have slowed since the middle of March. The short-term brokered CD rates have remained near zero.

The top non-callable long-term CDs have been primarily driven by one issuer. State Bank of India has been offering rates well above other issuers. These long-term CD rates have fluctuated a bit in the last month, and sometimes, they’re not being offered. Today, both Fidelity and Vanguard were listing State Bank of India non-callable 7-year CD with a 1.50% rate. Only Vanguard was listing a non-callable 10-year CD issued from State Bank of India (1.80%). At Fidelity, the top non-callable 10-year CD was issued by Celtic Bank with a 1.50% rate. Neither Fidelity nor Vanguard were listing any shorter-term CDs from State Bank of India. Consequently, the top 5-year non-callable CD rates were much lower this week (0.65% at Fidelity and 0.60% at Vanguard).

For mid-term CDs, the 4-year CD rates have been the most volatile. At Fidelity, the top rate increased from 0.35% to 0.50%, while at Vanguard, the top rate decreased from 0.55% to 0.45%.

As the maturity length falls below four years, the rates diminish considerably.

This week, the top non-callable 2-year and 3-year CD rates were the same at both brokerage firms (0.25% for the 3-year and 0.15% for the 2-year)

For short-term brokered CDs with terms of 18 months and under, rates remain very low. The top rate is only 0.08% (18-month term at both brokerage firms.) For terms of one year and under, the top rates are between 0.03% and 0.05%.

The callable feature gives the bank the right to redeem a CD early. That can save the bank money when interest rates fall. However, the CD holder loses out if rates fall and the CD is called early. When banks offer more callable long-term CDs, it’s a sign that they think rates are heading down. When the number of callable long-term CDs decline, banks may think rates have reached a bottom and will eventually be rising.

Brokered CD rates often follow Treasury yields. Direct CD rates will often follow brokered CD rates with some lag.

Falling brokered CD rates was a trend that began in November 2018 when the top 5-year rates reached as high as 3.60%. However, that trend may be over. In the last six months, long-term brokered CD rates have been on the rise.

Direct CD Rates and Deals

Advancial Credit Union Jumbo CDs continue to be the rate leaders for most categories. When June began, most of the CDs had small rate cuts. The Jumbo 1-year yield fell 1 bp to 0.93%, and the Jumbo 5-year yield fell 7 bps to 1.84%. Unfortunately, readers have been reporting that Advancial is once again not allowing membership through the Connex association. Last November, Advancial officials had been allowing people in any state to become members via the Connex association. If you try to join, please leave a comment about how it went.

For terms under one year, Veridian Credit Union 7-month Jumbo CD Special is just behind Advancial. For a $100k minimum, the 7-month rate is 0.85%. A 0.75% rate is available with just a $1k minimum. Veridian also has a good deal on its 21-month CD Specials (0.90% for the Jumbo and 0.80% for the regular). I have more details in this blog post.

For 1-year CDs, Bank of Whittier is just behind Advancial. The Bank is offering a 0.85% rate on its 1-year CD with a minimum deposit of only $1k. This is a small bank, and I wouldn’t be surprised if this CD rate ends soon or if the bank decides to limit availability. When I last checked, the bank was allowing people from any state to open this CD online. I have more details in this blog post.

For 18-month CDs, Marcus by Goldman Sachs isn’t on top, but its latest promotional 18-month CD rate made the summary (0.70%). Last month, Marcus had been offering a promotional rate on its 9-month CD, but that promotion ended in June, and the 9-month rate fell from 0.65% to 0.25%.

Advancial remains on top of the 18-month list with a 1.02% APY, but Consumers Credit Union is not far behind with a 1.00% APY on its Super Jumbo 20-month CD ($250k minimum). For a $100k minimum, the rate drops to 0.90%, and for a $250 minimum, the rate drops to 0.80%. I have more details in this blog post.

For 3-year CDs, Abound Credit Union (formerly known as Fort Knox FCU) continues to be in second place (just behind Advancial) with a 37-month CD special (1.15% APY). Abound’s 13-month CD Special (0.75%) is also very competitive. The credit union is infamous at DA for what it did in 2011 when it raised the early withdrawal penalty on existing CDs rather than increasing it only on new CDs or CD renewals. I decided to include Abound in the summary so you can make up your own mind on whether it’s worth joining for their CDs.

For 4-year CDs, NASA Federal Credit Union continues to be in second place (just behind Advancial) with a 49-month CD Special (1.40% APY). NASA FCU’s other two CD Specials are also still quite competitive. They’re not rate leaders for their terms, but they’re close. The 9-month CD Special rate is 0.65% and the 15-month Special rate is 0.70%. For more details, please refer to the review of NASA FCU and these CDs.

Michigan State University FCU often tweaks its CD rates, but the rates have been static for the last few months.. Its Jumbo 5-year CD yield remains at 1.35%. This yield is still the highest for a credit union that allows people from any state to easily join. You can join by making a $10 donation to the MSU Alumni Association (MSUAA). According to the credit union CSR, you can select MSUAA when submitting the online application. In the comments section just indicate that you would like to make the $10 donation. I have more details in this blog post.

Savings and Money Market Accounts

There continues to be only three institutions with liquid accounts that offer yields of at least 1.00% without any small maximum balance, activity/checking requirements or unusual withdrawal limitations. There was a short period when a new online bank (ZYNLO Bank) was offering 1.25% APY on a new online money market account. The promo ended in March, and now only the standard rate is available (0.80% APY).

The first is the fintech M1 Finance. This is a brokerage firm and robo-advisor which also offers a checking account called M1 Spend. M1 Finance has partnered with Lincoln Savings Bank which holds the deposits and allows deposits to be FDIC insured. The Spend account has two options: basic and plus. The basic account offers no interest. The plus account offers 1% APY on all balances. The downside with M1 Plus is a $125-per-year maintenance fee that can’t be waived.

The second one is the fintech T-Mobile Money. It has partnered with a bank (Customers Bank) to hold the deposits in an FDIC-insured account. Its checking account offers 1.00% APY on all balances without any activity requirements.

The third institution with a 1% account is Advancial Credit Union. Its Premium Money Market account continues to have a 1.01% APY for a minimum balance of $100k. For those interested in Advancial CDs, this is another reason to join.

For more details about these three accounts, please refer to my latest liquid account summary.

Federal Reserve and Interest Rate Summary

The Fed and economy review is now split off on a separate blog post. My weekly summaries will now be focused entirely on deposit rates and deals. Please keep all discussion about the Fed, the economy and politics to my Fed/Economy review blog post.

Here's the link to last week's savings/checking account summary. You can always get the latest rates for savings/checking accounts and CDs by using our rate tables, available via the navigational menu on top.

Yields Accurate as of June 8, 2021

Under 1-Year CD Rates

InstitutionRatesNotes
Advancial0.90% ($50k) 6-month Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past
Veridian Credit Union0.85% ($100k) 7-month Jumbo CD SpecialEasy membership See review
LaFayette Federal Credit Union0.70% ($500) 7-month Fixed CDEasy membership Account review
CommunityWide Federal Credit Union0.70% ($1k) 6-month Share CertificateEasy membership Account review
NASA Federal Credit Union0.65% ($10k) 9-month Share Certificate SpecialEasy membership Account review
CFG Bank0.62% ($500) 13-month Penalty Free CDAccount review
Quontic Bank0.60% ($500) 6-month CDAccount review
USALLIANCE Financial0.55% ($500) 11-month No-Penalty CD Easy membership Account review
Marcus by Goldman Sachs0.55% ($500) 8-month No-Penalty CD Available to active AAPR members only Account review
Gateway First Bank0.55% ($25k) 7-month Promo Share CertificateAvailable in 38 states Account review
Limelight Bank0.50% ($1k) 6-month CD Account review
Ally Bank0.50% ($25k) 11-month No-Penalty CD Account review
Marcus by Goldman Sachs0.45% ($500) 7-month No-Penalty CD Account review
Marcus by Goldman Sachs0.35% ($500) 11-month No-Penalty CD Account review
Fidelity Brokered CD0.04% (APR) 3-month non-callable CDIssued by KRNB*
The Vanguard Group Brokered CD0.05% (APR) 7-9 month non-callable CDIssued by WTCRI*
Fidelity Brokered CD0.05% (APR) 9-month non-callable CDIssued by WTCRI*
The Vanguard Group Brokered CD0.04% (APR) 4-6 month non-callable CDIssued by KRNB*
The Vanguard Group Brokered CD0.03% (APR) 1-3 month non-callable CDIssued by BSNB, TWNB*
Fidelity Brokered CD0.03% (APR) 6-month non-callable CDIssued by HDSB, HGIS*

Noteworthy Local Deals - Under 1-Year CDs

TEXAR Federal Credit Union0.85% ($1k) 6-month Share Certificate 4 Texas and 2 Arkansas counties See review
EFCU Financial0.85% ($100k) 6-month Jumbo CD9 Louisiana parishes See review
True Sky Credit Union0.80% ($1k) 7-12 month CD8 central Oklahoma counties See review
Weokie Credit Union0.80% ($100k), 0.70% ($1k) 6-month Certificate8 central Oklahoma counties See review
Mobility Credit Union0.75% ($500) 9-month CD (**NTS)Easy membership in Texas See review

1-Year CD Rates

Langley Federal Credit Union1.25% ($1k min/$10k max) 14-month CD Special Easy membership, but 14-month CD Special only available to new members in CD, MD, NC, and VA See review
Advancial0.93% ($50k) 1-year Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Bank of Whittier0.85% ($1k) 12-month CD (**NTS) Account review
Lafayette Federal Credit Union0.80% ($500) 1-year Fixed CDEasy membership Account review
Abound Credit Union0.75% ($500) 13-month CD SpecialEasy membership (formerly Fort Knox Federal Credit Union) Account review
CommunityWide Federal Credit Union0.75% ($1k) 12-month Share Certificate Easy membership Account review
NexBank0.75% ($10k) 12-month CDAccount review
Gateway First Bank0.75% ($25k) 13-month Promo Share CertificateAvailable in 38 states Account review
SkyOne Federal Credit Union0.72% ($1k) 13-month Share CertificateEasy membership Account review
Northrop Grumman Federal Credit Union0.70% ($40k) 12-month Bonus Term CDEasy membership See review
Comenity Direct0.70% ($1.5k) 1-year CD Account review
CFG Bank0.67% ($500) 12-month CDAccount review
Quontic Bank0.65% ($500) 1-year CDAccount review
Fidelity Brokered CD0.05% (APR) 1-year non-callable CDIssued by HDSB, SAFB, WTCRI*
The Vanguard Group Brokered CD0.05% (APR) 1-year non-callable CDIssued by BBUSA, SAFB, WTCRI*

Noteworthy Local Deals - 1-Year CDs

Cencap Federal Credit Union1.26% ($25) 12-month Save to Win Share Certificate Hartford, CT area See review
CoastLife Credit Union1.12% ($1k) 12-month CD6 Texas counties See review
Navy Army Community Credit Union1.10% ($100k) 1-year Jumbo CD8 Texas counties See review
Keesler Federal Credit Union1.05% ($25) 1-year FirstStep CDEasy membership in AL, LA, and MS See review
TEXAR Federal Credit Union1.00% ($1k) 12-month Share Certificate4 Texas and 2 Arkansas counties See review

18-month CD Rates

Advancial1.02% ($50k) 18-month Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Consumers Credit Union (IL)1.00% ($250k) 20-month Super Jumbo CDEasy membership See review
Evansville Teachers Federal Credit Union0.75% ($1k) 18-month CDEasy membership Account review
NexBank0.75% ($10k) 18-month CDAccount review
Marcus by Goldman Sachs0.70% ($500) 18-month High-Yield CD (**NTS) Account review
CFG Bank0.70% ($500) 18-month CD Account review
Hanscom Federal Credit Union0.70% ($1k) 19-month CD Special Easy membership Account review
NASA Federal Credit Union0.70% ($10k) 15-month Share Certificate SpecialEasy membership Account review
Limelight Bank0.65% ($500) 18-month CDAccount review
First Internet Bank0.65% ($1k) 18-month CD Account review
Live Oak Bank0.65% ($2.5k) 18-month CDAccount review
Fidelity Brokered CD0.08% (APR) 18-month non-callable CDIssued by 1stFB*
The Vanguard Group Brokered CD0.08% (APR) 13-18 month non-callable CDIssued by 1stFB*

Noteworthy Local Deals - 18-Month CDs

Achieva Credit Union1.50% ($50 min/$5k max) 15-month Promotional CDAvailable only in Florida See review
TEXAR Federal Credit Union1.15% ($1k) 18-month Share Certificate4 Texas and 2 Arkansas counties See review
Security First Credit Union1.06% ($100k), 1.01% ($50k) 18-month CD Rio Grande Valley, Texas See review
Chicago Municipal Employees Credit Union1.05% ($25k), 0.65% ($10k), 0.55% ($1k) 18-month Share CertificateCity of Chicago employees; portions of Cook County
First Bank Richmond1.01% ($500) 17-month CD SpecialCentral Indiana

2-Year CD Rates

Advancial1.12% ($50k) 2-year Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Lafayette Federal Credit Union0.90% ($500) 2-year Fixed CD Easy membership Account review
Veridian Credit Union0.90% ($100k) 21-month Jumbo CD Special (**NTS)Easy membership See review
Barksdale Federal Credit Union0.90% ($1k) 24-month Certificate Military relationship See review
Evansville Teachers Federal Credit Union0.85% ($1k) 2-year CDEasy membership Account review
Northrop Grumman Federal Credit Union0.81% ($40k) 24-month Bonus Term CDEasy membership See review
CommunityWide Federal Credit Union0.80% ($1k) 24-month Share Certificate (**NTS)Easy membership Account review
Comenity Direct0.75% ($1.5k) 2-year CD Account review
Merrick Bank0.71% ($25k) 24-month CD Account review
First National Bank of America0.70% ($1k) 24-35 month CD Account review
INSBANK Online0.70% ($2.5k) 2-year CD Account review
Live Oak Bank0.70% ($2.5k) 2-year CDAccount review
Fidelity Brokered CD0.15% (APR) 2-year non-callable CDIssued by HGIS, ICBC*
The Vanguard Group Brokered CD0.15% (APR) 2-year non-callable CDIssued by IBCB*

Noteworthy Local Deals - 2-Year CDs

CoastLife Credit Union1.26% ($1k) 24-month CD6 Texas counties See review
La Joya Area Credit Union1.26% ($1k) 24-month CDHildago County, Texas
Gulf Coast Federal Credit Union1.25% ($500) 24-month Share Certificate3 Texas counties
TEXAR Federal Credit Union1.25% ($1k) 24-month Share Certificate4 Texas and 2 Arkansas counties See review
Chicago Municipal Employees Credit Union1.25% ($25k), 0.75% ($10k), 0.65% ($1k) 24-month Share CertificateCity of Chicago employees; portions of Cook County

3-Year CD Rates

Advancial1.29% ($50k) 3-year Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Abound Credit Union1.15% ($500) 37-month CD Special Easy membership (formerly Fort Knox Federal Credit Union) Account review
Barksdale Federal Credit Union1.10% ($1k) 36-month Certificate Military relationship See review
Lafayette Federal Credit Union1.01% ($500) 3-year Fixed CD Easy membership Account review
USALLIANCE Financial1.00% ($500) 35-month Certificate Special Easy membership Account review
Evansville Teachers Federal Credit Union0.95% ($1k) 3-year CD Easy membership Account review
CFG Bank0.85% ($500) 36-month CD Account review
iGObanking0.85% ($1k) 36-month iGOCD Account review
Comenity Direct0.85% ($1.5k) 36-month CD Account review
First Internet Bank0.81% ($1k) 36-month CD Account review
Hyperion Bank0.80% ($500) 36-month CD Account review
First National Bank of America0.80% ($1k) 36-47 month CD Account review
Fidelity Brokered CD0.25% (APR) 3-year non-callable CDIssued by 3rdFED, BMW*
The Vanguard Group Brokered CD0.25% (APR) 3-year non-callable CDIssued by BMW, FGBCA*

Noteworthy Local Deals - 3-Year CDs

La Joya Area Credit Union1.46% ($1k) 36-month CDHildago County, Texas
Chicago Municipal Employees Credit Union1.45% ($25k), 0.85% ($10k), 0.75% ($1k) 36-month Share Certificate City of Chicago employees; portions of Cook County
Complex Community Credit Union1.38% ($500) 36-month CD Midland and Odessa, Texas See review
CoastLife Credit Union1.36% ($1k) 36-month CD6 Texas counties See review
The Pioneer Savings Bank1.25% ($500) 3-year CD Cleveland metro area See review
TDECU1.25% ($1k) 36-month CD 30 Texas counties See review

4-Year CD Rates

Advancial1.54% ($50k) 4-year Jumbo Certificate Possible easy membership - membership and CD eligibility have been restricted in the past See review
NASA Federal Credit Union1.40% ($10k) 49-month Share Certificate Special Easy membership Account review
Barksdale Federal Credit Union1.20% ($1k) 48-month CertificateMilitary relationship See review
Lafayette Federal Credit Union1.16% ($500) 4-year Fixed CD Easy membership Account review
Michigan State University Federal Credit Union1.10% ($100k) 4-year Jumbo CDEasy membership See review
Affinity Plus Federal Credit Union1.05% ($500) 48-month CD Easy membership See review
Achieva Credit Union1.05% ($75k), 0.95 ($500) 42-month Promotional CD (unlimited add-ons) Easy membership See review
State Bank of India0.95% ($25k) 4-year Senior Citizen CD Account review
Primary Bank0.94% ($1k) 4-year CDAvailable in CT, ME, MA, NH, RI, and VT Account review
Hyperion Bank0.90% ($500) 48-month CD Account review
First National Bank of America0.90% ($1k) 48-59 month CD Account review
iGObanking0.90% ($1k) 48-month iGOCD Account review
First Internet Bank0.86% ($1k) 48-month CD Account review
Fidelity Brokered CD0.50 (APR) 4-year non-callable CDIssued by MDB*
The Vanguard Group Brokered CD0.45% (APR) 4-year non-callable CDIssued by SEB*

Noteworthy Local Deals - 4-Year CDs

Chicago Municipal Employees Credit Union1.65% ($25k), 0.90% ($10k), 0.80% ($1k) 48-month Share CertificateCity of Chicago employees; portions of Cook County
La Joya Area Credit Union1.61% ($1k) 48-month CDHildago County, Texas
EL TFCU1.61% ($50k) 48-month Jumbo Share CertificateEl Paso County, Texas See review
Navigator Credit Union1.50% ($100k) 48-month Jumbo Share CD2 AL and 1 MS counties See review
Security First Credit Union1.46% ($100k) 48-month CDRio Grande Valley See review

5-Year CD Rates

Advancial1.84% ($50k) 5-year Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Barksdale Federal Credit Union1.45% ($1k) 60-month CertificateMilitary relationship See review
Michigan State University Federal Credit Union1.35% ($100k) 5-year Jumbo CD Easy membership See review
Abound Credit Union1.30% ($500) 59-month CD Easy membership (formerly Fort Knox Federal Credit Union) Account review
Lafayette Federal Credit Union1.26% ($500) 5-year Fixed CD Easy membership Account review
Affinity Plus Federal Credit Union1.25% ($500) 60-month CD (**NTS)Easy membership Account review
State Bank of India (IL)1.11% ($2.5k) 5-year Senior Citizens CD Account review
Third Federal Savings and Loan1.05% ($500) 55-month CD Special Account review
First National Bank of America1.05% ($1k) 60-month CD
Primary Bank1.04% ($1k) 5-year CDAvailable in CT, ME, MA, NH, RI, and VT Account review
CFG Bank1.00% ($500) 60-month CD Account review
Hyperion Bank1.00% ($500) 60-month CD Account review
Fidelity Brokered CD0.65% (APR) 5-year non-callable CDIssued by MDB*
The Vanguard Group Brokered CD0.60% (APR) 5-year non-callable CDIssued by SEB*

Noteworthy Local Deals - 5-Year CDs

Complex Community Credit Union2.10% ($500) 60-month CD Midland and Odessa, Texas See review
EL TFCU1.87% ($50k) 60-month Jumbo Share Certificate El Paso County, Texas See review
La Joya Area Credit Union1.81% ($1k) 60-month CDHildago County, Texas
Navigator Credit Union1.80% ($100k) 60-month Jumbo Share CD2 AL and 1 MS counties See review
Luso-American Credit Union1.61% ($500) 5-year CD (**NTS)Essex County, Massachusetts See review

Over 5-Year CD Rates

The Vanguard Group Brokered CD1.80% (APR) 10-year non-callable CDIssued by SBoI*
The Vanguard Group Brokered CD1.50% (APR) 7-year non-callable CDIssued by SBoI*
Fidelity Brokered CD1.50% (APR) 7-year non-callable CDIssued by SBoI*
Fidelity Brokered CD1.50% (APR) 10-year non-callable CDIssued by CELT*
SRP Federal Credit Union1.26% ($5k) 7-year Flex CDEasy membership See review
Northrop Grumman Federal Credit Union1.18% ($40k) 84-month Bonus Term CDEasy membership See review
Evansville Teachers Federal Credit Union1.15% ($1k) 6-year CDEasy membership See review
First National Bank of America1.15% ($1k) 84-month Time CD
AFFCU0.90% ($2.5k) 84-month Share CertificateEasy membership See review
Chartway Federal Credit Union0.85% (no min) 60-71 month Share Certificate Easy membership See review
Vio Bank0.70% ($500) 120-month High Yield Online CD Account review
Third Federal Savings and Loan0.70% ($500) 72-month CD Account review
Marcus by Goldman Sachs0.60% ($500) High-Yield 6 Year CD Account review
Discover Bank0.60% ($2.5k) 10-year CD Account review

Noteworthy Local Deals - Over 5-year CDs

Campus Federal1.60% ($1k) 72-month CD Louisiana Account review
Security First Credit Union1.56% ($100k), 1.46% ($50k), 1.41% ($25k), 1.36% ($1k) 84-month CD Rio Grande Valley, Texas See review
Redstone Federal Credit Union1.47% ($100k) 144-month Jumbo Share Certificate Employees/members of 1,500 Membership Partner groups; civilian/military personnel at Redstone Arsenal See review
North Shore Bank1.40% ($5k) 10-year CD Special16 eastern WI counties and McHenry County, IL See review
First Guaranty Bank1.40% ($500) 8-year CD11 LA parishes and 5 TX counties See review

*1stFB (1st Financial Bank USA), 3rdFED (Third Federal S&L), BBUSA (Beal Bank USA), BMW (BMW Bank), BSNB (Ballston Spa National Bank), CELT (Celtic Bank), FGBCA (First General Bank CA), HDSB (Henderson State Bank), HGIS (Hingham Institution for Savings), ICBC (Industrial & Commercial Bank of China), KRNB (Kearny Bank), MDB (Medallion Bank), SAFB (Safra Bank), SEB (Southeast Bank TN), SBoI (State Bank of India), TWNB (TowneBank VA), WTCRI (Washington Trust Company RI)

**New To Summary, as of June 8, 2021

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available

None

CDs Removed, Rate Too Low

Marcus by Goldman Sachs0.25% ($500) 9-month High-Yield CD Account review
Merrick Bank0.65% ($25k) 12-month CD Account review
INOVA Federal Credit Union0.45% ($200) 18-month CDNorthern Indiana See review
USALLIANCE Financial0.75% ($500) 24-month Certificate Special Easy membership Account review
Related Pages: 1-year CD rates, 5-year CD rates, nationwide deals, Internet banks
Comments
Choice
  |     |   Comment #1
Ken, earlier you all were asked why Lexington CU in ny was deleted when it rates did not justify it…the comments by posters were not “commendable “ at best…you did not reply…why solicit comments if deaf ears are/may be the norm? We still see this CU not listed while others are and have lower rates! Why? Others in a similar mode of operation? Credibility
Ken Tumin
  |     |   Comment #2
Sorry that I missed those comments. In addition to rates, the size and field of membership of credit unions are considered for the local deals. Lexington FCU is very small (4,400 members and assets of $24 million.)
Choice
  |     |   Comment #3
Read the DA February 2 explanation on why it (and others) were dropped…low rates …not a local deal. It was listed and then delisted…why was it listed in the first place? Want to try again?
P_D
  |     |   Comment #4
You can catch more flies with honey than with vinegar.

Just sayin' dude.
Rickny
  |     |   Comment #5
What's your point on this attack on Ken?
Choice
  |     |   Comment #6
The point in February as now…what entities are being listed and/or being deleted…seems simple. It is a non-starter to say 5 months later some purported rationale for deletion when it makes no sense when coupled with listing from get-go….pure guess and obviously not to be taken too seriously. As I recall several expressed concern in February on deletions, etc. If anyone does not care, that’s your call. If the tone upsets anyone, get over it and go to substance…5 months to answer the Mail is….have a nice day!
#7 - This comment has been removed for violating our comment policy.
Robb
  |     |   Comment #9
Just a little bit of tact/courtesy would no doubt help your cause.
davidinNY
  |     |   Comment #8
ken helped me, perhaps he has not helped you. remember, once you write something on the net, it will be there for all to see forever. relax people, ken does not get paid for this.
alan1
  |     |   Comment #10
I don't know whether Ken Tumin "get[s] paid for this." I have no idea about his current financial arrangement with DepositAccounts.com.

He did receive well-deserved compensation when Lending Tree acquired DepositAccounts.com in 2017:

"We couldn't be more pleased to join the LendingTree team and are excited about our future together," said Ken Tumin, co-founder of DepositAccounts.com. "We are confident that LendingTree's strong brand, deep bank and lender relationships, and world-class leadership team will help DepositAccounts.com reach more consumers and achieve its mission of being the undisputed industry-leading source of depository banking information and tools for consumers."

The acquisition purchase has a possible total consideration of $33 million, which consists of $24 million in cash at closing, and contingent consideration payments of up to $9 million.

https://www.prnewswire.com/news-releases/lendingtree-acquires-depositaccountscom-300474447.html

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