Banking 101: How to Cash in Savings Bonds From Your Childhood
The Best Money Market Account Rates in February 2019
Banking 101: Second Chance Banking - Savings and Checking Accounts That Won't Turn You Down
Remitly Money Transfer ReviewCD Rates Summary February 12, 2019
POSTED ON BY Ken Tumin
Brokered CD rates continue to fall. The largest declines have been on 5-year brokered CDs. On January 2nd, the top 5-year brokered CD rate (new-issue and non-callable) from Fidelity and Vanguard was 3.40%. Today at around 10:00am, the top 5-year rate was 3.05% at both Fidelity and Vanguard.
We are also seeing rate declines on shorter-term brokered CDs. On January 2nd, the top 1-year brokered CD rate (new-issue and non-callable) was 2.65% from Fidelity and 2.60% from Vanguard. Today, the top 1-year rate was 2.45% at both Fidelity and Vanguard.
As I mentioned in my Fed review, rate trends are often seen first in brokered CDs before they’re seen in direct CDs.
For direct CDs in the last two weeks, we have been seeing more rate cuts than rate gains for the top CDs listed in these tables, but there have been a few bright spots.
Long-Term CD Rates
A few banks and credit union that had been offering top 5-year CD rates cut their rates in February. These include Connexus Credit Union (3.63% APY to 3.50% APY), PenFed (3.35% APY to 3.15% APY), United States Senate FCU (3.53% APY to 3.11% APY) and KS StateBank (3.40% A PY to 3.00% APY).
The best 5-year CD rate that’s nationally available is at State Bank of India which is offering 3.55% APY on its Senior Citizens CDs. This has a $25k minimum deposit.
Mountain America Credit Union is now second with its Term Deposit and Term Deposit Plus accounts (3.51% APY). The Term Deposit has a minimum of only $500. The Term Deposit Plus allows add-on deposits, but the balance is capped at $100k.
Connexus Credit Union has fallen from its top spot, but its 5-year CD (3.50% APY) remains near the top.
Mid-Term CD Rates
NASA Federal Credit Union is one of the few bright spots for February. It introduced CD specials with terms of 15 months (3.20% APY), 25 months (3.25% APY) and 49 months (3.35% APY). Minimum deposit is $10k.
For terms around 18 months, the only institution offering a higher CD rate than NASA FCU’s 15-month CD is Navy Federal Credit Union which continues to offer an add-on CD special (non-IRA). It has a 17-month term with a 3.25% APY. Minimum initial deposit is only $50. Maximum balance is $50k with a limit of one certificate per member. Navy Federal does require a military connection for membership.
Navy Federal is still offering its special 40-month IRA CD with a 3.75% APY for a maximum of $150k deposit. It’s only available in an IRA.
A new internet bank has launched, and it’s offering some competitive CDs. It’s called Rising Bank, and its most noteworthy CD offering is its Rising CDs which have both an add-on option and a bump-up option. The rates aren’t the highest (3.00% APY for the 3-year and 2.85% APY for the 18-month), but the add-on feature could be very useful if rates do fall. Please see my Rising Bank account review for more details.
Short-Term CD Rates
We no longer have a nationally available 3% CD with a term around one year. INOVA Federal Credit Union had been offering a 3% APY 14-month CD, but that ended on January 18th. INOVA FCU is still offering a 14-month IRA CD with a 3% APY.
For non-IRA CDs, two institutions are offering 2.95% APY for 1-year terms. One is State Bank of India (IL) which is offering 2.95% APY on their Senior Citizens CDs. Minimum deposit is $2.5k. The other is Advancial Credit Union which is offering 2.95% APY on its Jumbo 1-year CD. Minimum deposit is $50k.
We have several internet banks offering 2.85% APY on terms around one year. Most notably is Ally Bank which is offering a 14-month Select CD with a 2.85% APY. This is scheduled to last through February. Please refer to this Ally CD review for more details.
For terms under one year, Navy Federal Credit Union is now the nationwide rate leader with its 6-month Certificate which earns 3.00% APY with a minimum deposit of only $1k. Note, this 6-month Certificate does not have an add-on option.
If you don’t have the military connection to qualify for Navy Federal membership, Interior Federal Credit Union is offering a 6-month CD that earns 2.78% APY. Minimum deposit is only $500.
Andrews Federal Credit Union continues to offer its 8-month CD special (2.86% APY) that was first introduced on Black Friday. Andrews FCU also continues to offer its 9-month CD special (2.75% APY) which it has been offering since July.
Savings & Checking Account Rates
I have just two quick notes about the top savings account rate.
North American Savings Bank’s High Rate Savings account continues to be the rate leader. The account earns 2.53% APY on balances between $50k and $5 million. Balances less than $50k and greater than $5 million earn 0.10% APY. In addition to offering a top rate, the High Rate Savings APY is guaranteed for six months following account opening, as long as the daily balance remains between $50k and $5 million.
Two banks are now tied for second place. CIT Bank has been offering 2.45% APY on its Savings Builder account since early January. The new internet bank, Rising Bank, has just launched with a savings account that earns 2.45% APY on balances between $1k and $500k.
My next update on all of the top savings and money market accounts will be next week. 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.
This is my new weekly summary with the Fed review 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.
Yields Accurate as of February 12, 2019
Under 1-Year CD Rates
| Institution | Rates | Notes |
|---|---|---|
| Navy Federal Credit Union | 3.00% ($1k) Celebration Special Rate 6-month Certificate Special | Military relationship See review |
| Andrews Federal Credit Union | 2.86% ($1k) 8-month Certificate Special | Easy membership See review |
| Advancial | 2.83% ($50k) 6-month Jumbo Certificate | Easy membership See review |
| Interior Federal Credit Union | 2.78% ($500) 6-month Share Certificate | Easy membership See review |
| Andrews Federal Credit Union | 2.75% ($250k max) 9-month Certificate Special | Easy membership See review |
| Advancial | 2.73% ($50k) 3-month Jumbo Certificate | Easy membership See review |
| MutualOne Bank | 2.53% ($500) 7-month Online CD | See review |
| Service Credit Union | 2.50% ($1k) 9-month Certificate | Military relationship See review |
| United Bank | 2.50% Advantage Money Market, 180-day rate guarantee | 25 states See review |
| Live Oak Bank | 2.45% ($2.5k) 6-month CD | Internet bank Account review |
| CD Bank | 2.45% ($10k) 9-month CD | Internet bank See review |
| DollarSavingsDirect | 2.40% ($1k) 6-month CD | Internet bank See review |
| EmigrantDirect | 2.40% ($1k) 6-month CD | Internet bank See review |
| MySavingsDirect | 2.40% ($1k) 6-month CD | Internet bank See review |
| The Vanguard Group Brokered CD | 2.40% (APR) 9-month non-callable CD | Issued by BMNA, UBMU* |
| Fidelity Brokered CD | 2.40% (APR) 9-month non-callable CD | Issued by BMNA, CNTR, IBLA, UBMU* |
| Limelight Bank | 2.35% ($1k) 6-month CD | Internet bank See review |
| Citizens Access | 2.35% ($5k min)6-month Online CD | Internet Bank Account review |
| CD Bank | 2.35% ($10k) 6-month CD | Internet bank See review |
| Marcus by Goldman Sachs | 2.35% ($500) 13-month No-Penalty CD | Internet bank See review |
| The Vanguard Group Brokered CD | 2.35% (APR) 6-month non-callable CD | Issued by BHAP* |
| Fidelity Brokered CD | 2.35% (APR) 6-month non-callable CD | Issued by BHAP, EWB* |
| Communitywide FCU | 2.30% ($2k) 6-month Share Certificate | Easy membership Account review |
| Ally Bank | 2.30% ($25k), 2.15% ($5k) No-Penalty 11-month CD | Internet bank See review |
| Customers Bank | 2.25% ($25k) | Ascent Money Market Savings (rate guarantee through 6/30/2019 - Account review |
| Fidelity Brokered CD | 2.25% (APR) 3-month non-callable CD | Issued by BMNA, CBRI, MRB, MZTB, SANT* |
| The Vanguard Group Brokered CD | 2.25% (APR) 3-month non-callable CD | Issued by BMNA, CBRI, MRBI, SAFB, SANT, WCB* |
| Chartway Federal Credit Union | 2.15% ($100) 12-month CD No Penalty | Easy membership See review |
Noteworthy Local Deals - Under 1-Year CDs
| America First Credit Union | 3.00% ($500) 6-11 month Regular Certificate | 11 Utah, 11 Nevada, 16 Idaho, 2 Arizona, and 1 Oregon counties See review |
| Bankers Trust Company | 2.75% ($1k, base rate) 7-23 month Pick-a-Term CD | Iowa and Arizona See review |
| Westbury Bank | 2.60% ($500) 9-month CD | Eastern Wisconsin See review |
| First Peoples Community Federal Credit Union | 2.60% ($500) 9-month CD Promo | 3 Maryland, 3 Pennsylvania, and 3 West Virginia counties See review |
| Evergreen Bank Group | 2.55% ($10k) 9-month CD Special | Chicago metropolitan area See review |
| Advantage Federal Credit Union | 2.50% ($500) 5-month Share Certificate Special | Rochester, NY area See review |
| Kellogg Community Credit Union | 2.50% ($500) 9-month CD Special | 15 west Michigan counties See review |
| Providence Bank | 2.50% ($2.5k) 9-month CD Special | 7 Missouri and 1 Illinois counties See review |
| Ocean Bank | 2.35% ($2.5k) 9-month CD | 2 South Florida counties See review |
| Evergreen Bank Group | 2.25% ($10k) 7-month CD Special | Chicago metropolitan area See review |
| Bogota Savings Bank | 2.20% ($1k) 8-month CD | Northern New Jersey See review |
| Members Choice Credit Union | 2.20% ($50k) 9-month Jumbo CD | Houston area See review |
1-Year CD Rates
| INOVA Federal Credit Union | 3.00% ($200) 14-month IRA | Easy membership See review |
| State Bank of India (IL) | 2.95% ($2.5k) 1-year Senior Citizen CD | |
| Advancial | 2.95% ($50k) 1-year Jumbo Certificate | Easy membership See review |
| State Bank of India | 2.94% ($25k) 12-month Senior Citizen CD | See review |
| Ally Bank | 2.85% (no minimum) 14-month Select CD | Internet bank See review |
| Rising Bank | 2.85% ($1k) 1-year Term CD | Internet bank Account review |
| Limelight Bank | 2.85% ($1k) 12-month CD | Internet bank See review |
| Banesco USA | 2.85% ($1.5k) 12-month CD | Internet bank See review |
| Live Oak Bank | 2.85% ($2.5k) 1-year CD | Internet bank Account review |
| Citizens Access | 2.85% ($5k min)12-month Online CD | Internet Bank Account review |
| NASB | 2.84% ($1k) 12-month Online CD Special | See review |
| First Internet Bank | 2.83% ($1k) 12-month CD | Internet bank See review |
| TIAA Bank | 2.81% ($5k) 1-year Yield Pledge CD | Internet bank See review |
| USALLIANCE Financial | 2.80% ($500) 12-month CD | Account review |
| M.Y. Safra Bank | 2.80% ($5k) 12-month Online Promo CD | See review |
| CD Bank | 2.80% ($10k) 12-month CD | Internet bank See review |
| PurePoint Financial | 2.80% ($10k) 12-month CD | Internet bank See review |
| State Bank of India (IL) | 2.78% ($2.5k) 1-year Senior Citizen CD | |
| AgFed Credit Union | 2.75% ($1k) 12-month CD | Easy membership See review |
| SallieMae Bank | 2.75% ($2.5k) 12-month CD | Account review |
| Virtual Bank | 2.75% ($10k) 12-month eCD | See review |
| Ally Bank | 2.75% ($25k) High-Yield 12-month CD | Internet bank See review |
| INOVA Federal Credit Union | 2.75% ($200) 14-month CD | Easy membership See review |
| CapitalOne Bank | 2.70% 12-month 360 CD | Account review |
| Connexus Credit Union | 2.70% ($5k) 12-month Share Certificate | Easy membership See review |
| Alliant Credit Union | 2.70% ($25k) 12-17 month Jumbo Share Certificate | Internet bank See review |
| MutualOne Bank | 2.68% ($500) 13-month Online CD | See review |
| Vio Bank | 2.65% ($500) 12-month High Yield Online CD | Internet bank See review |
| BankPurely | 2.65% ($1k) 12-month PurelyCD | Internet bank See review |
| iGObanking | 2.65% ($1k) 12-month iGOCD | See review |
| Popular Direct | 2.65% ($10k) 1-year Popular Direct CD | Internet bank |
| PenFed Credit Union | 2.60% ($1k) 12-month Money Market Certificate | Easy membership Account review |
| The Vanguard Group Brokered CD | 2.45% (APR) 1-year non-callable CD | Issued by BMNA, CMPB, FTSB, NYCM, UBMU* |
| Fidelity Brokered CD | 2.45% (APR) 1-year non-callable CD | Issued by CATH, CMPB, CRES, FTSB, UBMU* |
Noteworthy Local Deals - 1-Year CDs
| Home Loan Investment Bank | 3.15% ($100k) 14-month in-branch CD | Connecticut, Massachusetts, Rhode Island See review |
| BankNorth | 3.01% ($1k) 14-month CD Special | SE North Dakota and NE South Dakota |
| People's Credit Union | 3.00% ($500) 10-month CD | Open membership, but must be opened in-branch See review |
| Jefferson Financial Credit Union | 2.96% ($10k) 12-month Share Certificate | 6 Louisiana parishes and 6 Alabama counties See review |
| Rhinebeck Bank | 2.95% ($2k) 14-month CD Special | Dutchess, Orange, and Ulster Counties, NYSee review |
| Pelican State Credit Union | 2.90% ($500) 12-month CD | Easy membership for AR, LA, MS, and TX See review |
| Cross River Bank | 2.90% ($500) 12-month CD | New Jersey See review |
| Texas Exchange Bank | 2.90% ($10k) 12-month New Money CD | Texas See review |
| First Florida Credit Union | 2.89% ($50k) 13-month CD Special | 29 Florida counties See review |
| 3Rivers Federal Credit Union | 2.85% ($20k) 13-month CD Special | 7 northeast Indiana counties See review |
| Community Credit Union | 2.85% ($25k), 2.65% ($1k) 13-month CD Special | 6 central Florida counties See review |
| Centris Credit Union | 2.84% ($90k) 14-month Jumbo CD | 3 Nebraska and 1 Iowa counties See review |
| Polish National Credit Union | 2.83% ($500) 13-month Term Share Certificate | 4 Massachusetts and 3 Connecticut counties See review |
| Navy Army Community Credit Union | 2.83% ($1k) 13-month CD Special | 8 South Texas counties See review |
| American Eagle Bank of Chicago | 2.75% ($1k) 14-month New Money Step Up CD | Cook and Kane Counties, Illinois See review |
18-month CD Rates
| INOVA Federal Credit Union | 3.40% ($200) 20-month IRA | Easy membership See review |
| Navy Federal Credit Union | 3.25% ($50-$50k) 17-month Share Certificate Special | Military relationship See review |
| NASA Federal Credit Union | 3.20% ($5k) 15-months Share Certificate | Easy membership See review |
| INOVA Federal Credit Union | 3.15% ($200) 20-month CD | Easy membership See review |
| Hyperion Bank | 3.10% ($500) 19-month CD | See review |
| Veridian Credit Union | 3.05% ($100k) 18-month Bump-Up Jumbo CD | Easy membership Account review |
| First Home Bank | 3.01% ($1k) 18-month CD | See review |
| Kinecta Credit Union | 3.00% ($1k) 18-month Promo Share Certificate | Easy membership See review |
| Service Credit Union | 3.00% ($1k) 18-month CD Special | Military relationship See review |
| CD Bank | 3.00% ($10k) 18-month CD | Internet bank See review |
| Hanscom Federal Credit Union | 3.00% ($1k) 19-month CD Special | Easy membership See review |
| Advancial | 2.75% ($50k) 18-month Jumbo Certificate | Easy membership See review |
| First Internet Bank | 2.90% ($1k) 18-month CD | Internet bank See review |
| Live Oak Bank | 2.90% ($2.5k) 18-month CD | Account review |
| Citizens Access | 2.90% ($5k min) 18-month Online CD | Internet Bank Account review |
| State Bank of India (IL) | 2.89% ($2.5k) 15-month CD Special | |
| Rising Bank | 2.85% ($25k) 18-month Rising CD | Add-on & Bump-up options, Internet bank Account review |
| Veridian Credit Union | 2.85% ($1k) 18-month Bump-Up CD | Easy membership Account review |
| AgFed Credit Union | 2.85% ($1k) 18-month CD | Easy membership See review |
| Limelight Bank | 2.85% ($1k) 18-month CD | Internet bank See review |
| United Bank | 2.85% ($500) 19-month Flex Up CD | 25 states See review |
| Popular Direct | 2.83% ($10k) 18-month Popular Direct CD | Internet bank |
| Pacific National Bank | 2.80% ($1k) 18-month Online Promo CD | Internet bank See review |
| Latino Credit Union | 2.80% ($200k) 18-month Jumbo CD | Easy membership See review |
| CommunityWide Federal Credit Union | 2.75% ($2k) 18-month Share Certificate | Easy membership Account review |
| PenFed Credit Union | 2.75% ($1k) 18-month Money Market Certificate | Easy membership Account review |
| PenFed Credit Union | 2.70% ($1k) 15-month Money Market Certificate | Easy membership Account review |
| Fidelity Brokered CD | 2.55% (APR) 18-month non-callable CD | Issued by WFB* |
| The Vanguard Group Brokered CD | 2.55% (APR) 18-month non-callable CD | Issued by WFB* |
| Georgia Banking Company | 2.36% (3.50% 5-year Certificate closed after 18 months) | See review |
| Michigan State University Federal Credit Union | 2.26% (3.36% 5-year Jumbo CD closed after 18 months) | Easy membership See review |
| Ally Bank | 2.26% (3.10% High Yield 5-Year CD closed after 18 months) | See review |
Noteworthy Local Deals - 18-Month CDs
| My Community Credit Union | 3.56% ($75k) 15-month Jumbo Share Certificate Special | Collin, Ector, and Midland Counties, Texas See review |
| My Community Credit Union | 3.30% ($1k) 15-month Share Certificate Special | Collin, Ector, and Midland Counties, Texas See review |
| TruWest Credit Union | 3.25% ($500) 19-month Investment CD Special | 4 Arizona and 2 Texas counties See review |
| Suncoast Credit Union | 3.20% ($100k) 18-month Jumbo Share Certificate | 39 Florida counties See review |
| Atlantic Federal Credit Union | 3.10% ($500) 19-month CD Special | Essex and Union Counties, NJ See review |
| Members First Credit Union | 3.01% ($1k) 15-month CD Special | Michigan See review |
| FORUM Credit Union | 3.00% ($500) 18-month CD | 8 Indiana counties (Indianapolis) |
| Homeland Credit Union | 3.00% ($75k) 18-month Jumbo CD | 9 Ohio counties See review |
| Elmira Savings Bank | 3.00% ($500) 19-month CD Special | 2 Central and 5 Southern Tier NY counties See review |
| Kellogg Community Credit Union | 3.00% ($500) 19-month CD Special | 15 west Michigan counties See review |
| Cornerstone Federal Credit Union | 3.00% ($5k) 19-month Regular Certificate Special | Easy membership for Tennessee and Kentucky See review |
| Cross River Bank | 2.95% ($500) 18-month CD | New Jersey See review |
| Atlantic Federal Credit Union | 2.90% ($500) 15-month Rate Riser CD | Essex and Union Counties, NJ See review |
| Community First Credit Union | 2.90% ($10k) 15-month CD Special | 13 northeastern Wisconsin counties See review |
| Fairwinds Credit Union | 2.89% ($10k) 18-month Loyalty Add-On CD | 12 central Florida counties See review |
| Homeland Credit Union | 2.85% ($500) 18-month CD | 9 Ohio counties See review |
2-Year CD Rates
| NASA Federal Credit Union | 3.25% ($10k) 25-months Share Certificate | Easy membership See review |
| State Bank of India (IL) | 3.20% ($2.5k) 1-year Senior Citizen CD | |
| Community Financial Services Bank | 3.19% ($1k) 29-month CD Special | See review |
| State Bank of India | 3.19% ($25k) 2-year Senior Citizen CD | See review |
| Latino Credit Union | 3.15% ($200k) 24-month Jumbo CD | Easy membership See review |
| CD Bank | 3.07% ($10k) 24-month CD | Internet bank See review |
| Georgia Banking Company | 3.00% ($500) 2-year Certificate | See review |
| USALLIANCE Financial | 3.00% ($500) 24-month CD | Easy membership Account review |
| Greenwood Credit Union | 3.00% ($1k) 24-month CD | Easy membership See review |
| Live Oak Bank | 3.00% ($2.5k) 2-year CD | Internet bank Account review |
| Connexus Credit Union | 3.00% ($5k) 24-month Share Certificate | Easy membership See review |
| Consumers Credit Union | 3.00% ($100k) 22-month Jumbo CD Special | Easy membership Account review |
| First Internet Bank | 2.98% ($1k) 24-month CD | Internet bank See review |
| Advancial | 2.98% ($50k) 2-year Jumbo Certificate | Easy membership See review |
| AgFed Credit Union | 2.95% ($1k) 24-month CD | Easy membership See review |
| Rising Bank | 2.95% ($1k) 2-year Term CD | Internet bank Account review |
| Citizens Access | 2.95% ($5k min) 2-year Online CD | Internet Bank Account review |
| NASB | 2.94% ($1k) 24-month Online CD Special | See review |
| Popular Direct | 2.93% ($10k) 2-year Popular Direct CD | Internet bank See review |
| M.Y. Safra Bank | 2.91% ($5k) 24-month Online Promo CD | See review |
| CommunityWide Federal Credit Union | 2.90% ($2k) 24-month Share Certificate | Easy membership Account review |
| SallieMae Bank | 2.90% ($2.5k) 24-month CD | Account review |
| The Vanguard Group Brokered CD | 2.65% (APR) 2-year non-callable CD | Issued by CITI, ENER, MSB* |
| Georgia Banking Company | 2.65% (3.50% 5-year Certificate closed after 2 years) | See review |
| Fidelity Brokered CD | 2.60% (APR) 2-year non-callable CD | Issued by CITI, DFSB, WFB* |
| Michigan State University Federal Credit Union | 2.54% (3.36% 5-year Jumbo CD closed after 2 years) | Easy membership See review |
| Ally Bank | 2.47% (3.10% High Yield 5-Year CD closed after 2 years) | See review |
Noteworthy Local Deals - 2-Year CDs
| Ocean State Credit Union | 3.30% ($1k) 2-year CD Special | Easy membership, but requires in-branch visit See review |
| Jefferson Financial Credit Union | 3.26% ($10k) 24-month Share Certificate | 6 Louisiana parishes and 6 Alabama counties See review |
| Members First Credit Union | 3.26% ($1k) 27-month CD Special | Michigan |
| Arsenal Credit Union | 3.25% ($500) 24-month CD | St. Louis metropolitan area (MO and IL) See review |
| Pelican State Credit Union | 3.20% ($500) 24-month CD | Easy membership for AR, LA, MS, and TX See review |
| Union Bank & Trust | 3.15% ($25k), 3.04% ($1k) 27-month CD Special | CO, IA, KS, MO, NE, and SD See review |
| Kellogg Community Credit Union | 3.15% ($500) 29-month CD Special | 15 west Michigan counties See review |
| Elmira Savings Bank | 3.15% ($500) 29-month CD Special | 2 Central and 5 Southern Tier NY counties See review |
| BrightStar Credit Union | 3.10% ($500) 23-month Share CD | 23 Florida counties See review |
| Signal Financial Credit Union | 3.10% ($500) 24-month Winter Wow CD Special | Easy membership for Maryland, Virginia, and Washington, DC See review |
| Teachers Credit Union | 3.09% ($1k) 25-month CD Special | Indiana and 2 southwest Michigan counties See review |
| Evergreen Bank Group | 3.05% ($10k) 29-month CD Special | Chicago metropolitan area See review |
| First Advantage Bank | 3.03% ($10k) 24-month CD Special | Tennessee and Kentucky See review |
| Navigant Credit Union | 3.00% ($500) 23-month CD | Rhode Island, Connecticut, Massachusetts Account review |
| Franklin Mint Federal Credit Union | 3.00% ($500) 24-month CD Special | 3 SE Pennsylvania and 1 Delaware counties See review |
| F&M Bank | 3.00% ($1k) 24-month My Choice CD | 7 middle Tennessee counties See review |
| General Electric Credit Union | 3.00% ($100k) 2-year Jumbo Certificate Special | 16 Ohio, 5 Kentucky, and 5 Indiana counties See review |
| St. Jean's Credit Union | 3.00% ($500) 25-month CD Special | 3 Massachusetts counties See review |
| Blue Hills Bank | 3.00% ($500) 29-month Flexible CD | Eastern Massachusetts Account review |
3-Year CD Rates
| Navy Federal Credit Union | 3.75% ($50) 40-month IRA Certificate Special | Military relationship See review |
| INOVA Federal Credit Union | 3.50% ($50k) 30-month IRA | Easy membership See review |
| Veridian Credit Union | 3.45% ($100k) 41-month Bump Up Jumbo CD Special | Easy membership See review |
| Mountain America Credit Union | 3.35% ($500) 3-year Term Deposit | Easy membership See review |
| State Bank of India (IL) | 3.35% ($2.5k) 3-year CD | |
| State Bank of India | 3.34% ($25k) 3-year Senior Citizen CD | See review |
| INOVA Federal Credit Union | 3.25% ($50k) 30-month CD | Easy membership See review |
| Latino Credit Union | 3.25% ($200k) 36-month Jumbo CD | Easy membership See review |
| Veridian Credit Union | 3.25% ($1k) 41-month Bump Up CD Special | Easy membershipSee review |
| Connexus Credit Union | 3.20% ($5k) 36-month Share Certificate | Easy membership See review |
| Popular Direct | 3.15% ($10k) 3-year Popular Direct CD | Internet bank See review |
| M.Y. Safra Bank | 3.10% ($5k) 36-month Online Promo CD | See review |
| First Internet Bank | 3.05% ($1k) 36-month CD | Internet bank See review |
| AgFed Credit Union | 3.05% ($1k) 36-month CD | Easy membership See review |
| Citizens Access | 3.05% ($5k) 36-month CD | Internet bank Account review |
| Live Oak Bank | 3.05% ($2.5k) 3-year CD | Internet bank Account review |
| Virtual Bank | 3.01% ($10k) 36-month eCD | See review |
| USALLIANCE Financial | 3.00% ($500) 36-month CD | Easy membership Account review |
| Salem Five Direct | 3.00% ($10k) 36-month eCD Special | Account review |
| Rising Bank | 3.00% ($25k) 3-year Rising CD | Add-on & Bump-up options, Internet bank Account review |
| Rising Bank | 3.00% ($1k) 3-year Term CD | Internet bank Account review |
| Georgia Banking Company | 2.95% (3.50% 5-year Certificate closed after 3 years) | See review |
| The Vanguard Group Brokered CD | 2.85% (APR) 3-year non-callable CD | Issued by MSB, MSPB, WFB* |
| Michigan State University Federal Credit Union | 2.83% (3.36% 5-year Jumbo CD closed after 3 years) | Easy membership See review |
| Fidelity Brokered CD | 2.80% (APR) 3-year non-callable CD | Issued by GSB, WFB* |
| Ally Bank | 2.69% (3.10% High Yield 5-Year CD closed after 3 years) | See review |
Noteworthy Local Deals - 3-Year CDs
| Gulf Coast Credit Union | 3.65% ($500) 36-month Share Certificate Special | Jim Wells, Nueces, and San Patricio Counties, TX See review |
| Money One Federal Credit Union | 3.60% ($25) 3-year IRA | Prince George's County, Maryland See review |
| Columbia Credit Union | 3.60% ($100k), 3.55% ($50k), 3.50% ($10k), 3.45% ($500) 30-month CD | Washington State and 4 Oregon counties See review |
| Credit Union One of Oklahoma | 3.56% ($2.5k-$100k) 35-month Promotional Share Certificate | 6 Oklahoma counties See review |
| Northeast Credit Union | 3.50 ($1k) 35-month Share Certificate | New Hampshire and south York County, Maine See review |
| Pelican State Credit Union | 3.50% ($500) 36-month CD | Easy membership for AR, LA, MS, and TX See review |
| Unitus Credit Union | 3.50% ($500) 36-month CD | Washington State and 15 Oregon counties See review |
| Solvay Bank | 3.50% ($500) 36-month CD Special w/checking | 6 central New York counties See review |
| Frontwave Credit Union | 3.50% ($1k) 3-year Share Certificate | Riverside, San Bernadino, and San Diego Counties, California See review |
| Sharon Bank | 3.50% ($5k) 39-month Promotional CD | Delaware County (PA) and greater Philadelphia metro area See review |
| Centris Credit Union | 3.41% ($90k) 40-month Jumbo CD | 3 Nebraska and 1 Iowa counties See review |
| Jefferson Financial Credit Union | 3.40% ($10k) 36-month Share Certificate | 6 Louisiana parishes and 6 Alabama counties See review |
| Neighbors Federal Credit Union | 3.37% ($1.5k) 36-month Share Certificate | 9 Louisiana parishes |
| Franklin Mint Federal Credit Union | 3.36% ($500) 36-month CD | Easy membership for Pennsylvania and Delaware See review |
| Tinker Federal Credit Union | 3.35% ($1k) 33-month Special Term Certificate | 3 Oklahoma counties See review |
| BrightStar Credit Union | 3.35% ($500) 35-month Share CD | 23 Florida counties See review |
| Atlantic Federal Credit Union | 3.35% ($500) 37-month CD Special | Essex and Union Counties, NJ See review |
| Navy Army Community Credit Union | 3.33% ($1k) 30-month CD | 8 South Texas counties See review |
| Peoples Bank | 3.22% ($2.5k) 33-month CD | Pointe Coupee and East Baton Rouge Parishes, Louisiana See review |
| Providence Bank | 3.30% ($100k) 30-month Jumbo CD | 7 Missouri and 1 Illinois counties See review |
| Bankers Trust Company | 3.20% ($1k, base rate) 36-month Anniversary CD Promotion | Iowa and Arizona See review |
| TruMark Financial Credit Union | 3.20% ($75k) 36-month Jumbo CD | 5 SE Pennsylvania counties See review |
4-Year CD Rates
| State Bank of India | 3.44% ($25k) 4-year Senior Citizen CD | See review |
| Community Financial Services Bank | 3.39% ($1k) 49-month CD Special | See review |
| Georgia Banking Company | 3.35% ($500) 4-year Certificate | See review |
| NASA Federal Credit Union | 3.35% ($10k) 49-months Share Certificate | Easy membership See review |
| Latino Credit Union | 3.30% ($200k) 48-month Jumbo CD | Easy membership See review |
| Home Savings Bank | 3.25% ($5k) 48-month Internet Only CD | Account review |
| Connexus Credit Union | 3.20% ($5k) 42-month Share Certificate | Easy membership See review |
| First Internet Bank | 3.20% ($1k) 48-month CD | Internet bank See review |
| Popular Direct | 3.20% ($10k) 4-year Popular Direct CD | Internet bank See review |
| Main Street Bank (MI) | 3.15% ($500) 48-month CD | See review |
| AgFed Credit Union | 3.15% ($1k) 48-month CD | Easy membership See review |
| Georgia Banking Company | 3.10% (3.50% 5-year Certificate closed after 4 years) | See review |
| Michigan State University Federal Credit Union | 2.98% (3.36% 5-year Jumbo CD closed after 4 years) | Easy membership See review |
| The Vanguard Group Brokered CD | 2.90 (APR) 4-year non-callable CD | Issued by GSB* |
| Fidelity Brokered CD | 2.90% (APR) 4-year non-callable CD | Issued by GSB* |
| Ally Bank | 2.80% (3.10% High Yield 5-Year CD closed after 4 years) | See review |
Noteworthy Local Deals - 4-Year CDs
| Pelican State Credit Union | 3.61% ($500) 48-month CD | Easy membership for AR, LA, MS, and TX See review |
| Bank of Utica | 3.50% ($500) 4-year to 5-year CD | 3 upstate New York counties See review |
| The Fahey Banking Company | 3.50% ($500) 48-month CD w/qualifying Kasasa checking | Ohio See review |
| Jefferson Financial Credit Union | 3.45% ($10k) 48-month Share Certificate | 6 Louisiana parishes and 6 Alabama counties See review |
| Altura Credit Union | 3.50% ($1k) 50-month Share Certificate | Riverside and San Diego Counties, portions of Orange and San Bernardino Counties |
| Tech Credit Union | 3.45% ($100k) 50-month Jumbo Compound CD | 4 NW Indiana and 2 NE Illinois counties See review |
| Neighbors Federal Credit Union | 3.41% ($1.5k) 48-month Share Certificate | 9 Louisiana parishes |
| Cross River Bank | 3.35% ($500) 48-month CD | New Jersey See review |
| First Service Credit Union | 3.35% ($50k), 3.25% ($1k) 48-month Certificate | Fort Bank, Harris, and Waller Counties, Texas See review |
| Fairwinds Credit Union | 3.30% ($10k) 44-month Loyalty Add-On CD | 12 central Florida counties See review |
| Lewis Clark Union | 3.26% 48-month Share Certificate | 4 Idaho and 3 Washington counties See review |
| America First Credit Union | 3.25% ($500) 48-59 month Regular Certificate | 11 Utah, 11 Nevada, 16 Idaho, 2 Arizona, and 1 Oregon counties See review |
| P1FCU | 3.25% ($500) 48-month Share Certificate | 12 Idaho and 2 Washington counties See review |
| Rocky Mountain Credit Union | 3.25% ($1k) 48-month Share Certificate | 8 southwest Montana counties See review |
| TruMark Financial Credit Union | 3.25% ($75k) 48-month Jumbo CD | 5 SE Pennsylvania counties See review |
| Tech Credit Union | 3.22% 50-month Premium Compound CD | 4 NW Indiana and 2 NE Illinois counties See review |
5-Year CD Rates
| State Bank of India | 3.55% ($25k) 5-year Senior Citizen CD | See review |
| Mountain America Credit Union | 3.51% ($500) 5-year Term Deposit | Easy membership See review |
| State Bank of India (IL) | 3.51% ($2.5k) 5-year CD | |
| Mountain America Credit Union | 3.51% ($100k max) 5-year Term Deposit Plus (unlimited additional deposit) | Easy membership See review |
| Georgia Banking Company | 3.50% ($500) 5-year Certificate | See review |
| Utah First Credit Union | 3.50% ($500) 60-month CD | Easy membership |
| Connexus Credit Union | 3.40% ($5k) 60-month Share Certificate | Easy membership See review |
| Michigan State University Federal Credit Union | 3.36% ($100k) 5-year Jumbo CD | Easy membership See review |
| Popular Direct | 3.35% ($10k) 5-year Popular Direct CD | Internet bank See review |
| Latino Credit Union | 3.35% ($200k) 60-month Jumbo CD | Easy membership See review |
| First Internet Bank | 3.30% ($1k) 60-month CD | Internet bank See review |
| INOVA Federal Credit Union | 3.25% ($200) 5-year IRA | Easy membership See review |
| Fidelity Brokered CD | 3.05% (APR) 5-year non-callable CD | Issued by GSB* |
| The Vanguard Group Brokered CD | 3.05% (APR) 5-year non-callable CD | Issued by GSB* |
| INOVA Federal Credit Union | 3.00% ($200) 5-year CD | Easy membership See review |
Noteworthy Local Deals - 5-Year CDs
| Bank of Utica | 4.00% ($500) 5-year CD | 3 upstate New York counties See review |
| The Fahey Banking Company | 4.00% ($500) 60-month CD w/qualifying Kasasa checking | Ohio See review |
| First Guaranty Bank | 3.75% ($500) 5-year CD Special | 9 Louisiana parishes and 5 Texas counties See review |
| The Harbor Bank of Maryland | 3.71% ($1k) 60-month IRA Special | DE, MD, NJ, PA, VA, WV, and DC See review |
| Pelican State Credit Union | 3.71% ($500) 60-month CD | Easy membership for AR, LA, MS, and TX See review |
| Alaska USA Federal Credit Union | 3.70% ($250k), 3.55% ($100k), 3.45% ($50k), 3.35% ($25k), 3.30% ($10k) 60-month CD | Alaska, Washington, San Bernardino County (CA), Maricopa County (AZ) See review |
| Jefferson Financial Credit Union | 3.61% ($10k) 60-month Share Certificate | 6 Louisiana parishes and 6 Alabama counties See review |
| Shell Federal Credit Union | 3.60% ($50k), 3.55% ($500), 3.45% ($50k) 60-month Share Certificate | Harris County, Texas See review |
| Neighbors Federal Credit Union | 3.57% ($1.5k) 60-month Share Certificate | 9 Louisiana parishes |
| The Harbor Bank of Maryland | 3.56% ($1k) 60-month CD Special | DE, MD, NJ, PA, VA, WV, and DC See review |
| Texas Bay Credit Union | 3.56% ($50k) 60-month Jumbo Certificate | Greater Houston metro area See review |
| Enrichment Federal Credit Union | 3.56% ($2.5k) 59-month Share Certificate Special | 8 Tennessee counties See review |
| Mercantil Bank | 3.50% ($500) 60-month Online CD | Florida and Texas See review |
| America First Credit Union | 3.50% ($500) 60-month Regular Certificate | 11 Utah, 11 Nevada, 16 Idaho, 2 Arizona, and 1 Oregon counties See review |
| Rocky Mountain Credit Union | 3.50% ($1k) 60-month Share Certificate | 8 Montana counties See review |
| Knoxville TVA Employees Credit Union | 3.50% ($2.5k) 60-month Certificate Special (new money) | 8 east Tennessee counties See review |
| Knoxville TVA Employees Credit Union | 3.40% ($2.5k) 60-month Certificate Special (not new money) | 8 east Tennessee counties See review |
| Texas Bay Credit Union | 3.35% ($1k) 60-month Certificate | Greater Houston metro area See review |
| Lewis Clark Union | 3.35% 60-month Share Certificate | 4 Idaho and 3 Washington counties See review |
| P1FCU | 3.35% ($500) 60-month Share Certificate | 12 Idaho and 2 Washington counties See review |
Over 5-Year CD Rates
| First National Bank of America | 3.55% ($1k) 84-month Time CD | |
| INOVA Federal Credit Union | 3.50% ($200) 6-year IRA | Easy membership See review |
| Andrews Federal Credit Union | 3.45% ($1k) 84-month Share Certificate | Easy membership See review |
| Northrop Grumman Federal Credit Union | 3.38% ($40k) 84-month Bonus Term CD | Easy membership See review |
| Signal Financial Credit Union | 3.35% ($500) 72-month Share Certificate | Easy membership See review |
| M.Y. Safra Bank | 3.35% ($5k) 72-month Online Promo CD | See review |
| Navy Federal Credit Union | 3.35% ($100k), 3.25% ($50k) 3.10% ($1k) 7-year CD | Military relationship See review |
| Navy Federal Credit Union | 3.30% ($100k), 3.20% ($50k) 3.05% ($1k) 6-year CD | Military relationship See review |
| Fidelity Brokered CD | 3.30% (APR) 10-year non-callable CD | Issued by GSB* |
| The Vanguard Group Brokered CD | 3.30% (APR) 10-year non-callable CD | Issued by GSB* |
| INOVA Federal Credit Union | 3.25% ($200) 6-year CD | Easy membership See review |
| Fidelity Brokered CD | 3.25% (APR) 7-year non-callable CD | Issued by GSB* |
| The Vanguard Group Brokered CD | 3.25% (APR) 7-year non-callable CD | Issued by GSB* |
| AFFCU (formerly Air Force Federal Credit Union) | 3.20% ($2.5k) 7-year CD | Easy membership See review |
| Marcus by Goldman Sachs | 3.15% ($500) 6-year High Yield CD | |
| KS StateBank | 3.15% ($500) 7-year CD | See review |
| PenFed Credit Union | 3.15% ($1k) 7-year Money Market Certificate | Easy membership See review |
| Vio Bank | 3.15% ($500) 120-month High Yield Online CD | Internet bank See review |
| Apple Federal Credit Union | 3.15% ($500) 120-month CD | |
| Vio Bank | 3.10% ($500) 84-month High Yield Online CD | Internet bank See review |
Noteworthy Local Deals - Over 5-year CDs
| First Community Credit Union | 3.75% ($500) 72-month CD | 5 Missouri and 3 Illinois counties Account review |
| Lebanon Federal Credit Union | 3.60% ($500) 66-month CD Special | Lebanon County, Pennsylvania |
| Eaton Federal Savings Bank | 3.39% ($500) 7-year CD | 5 Central Michigan counties |
| Credit Human (formerly San Antonio Federal Credit Union) | 3.35% ($1k) 120-month Share Certificate | San Antonio, TX |
| Randolph-Brooks Credit Union | 3.30% ($1k) 84-month CD | San Antonio and Austin, TX, relationship to Randolph Air Force Base |
| Gesa Credit Union | 3.25% ($500) 84-month Certificate | Washington State Account review |
| Fairfax County Credit Union | 3.25% ($2.75) 72-month Share Certificate | Fairfax County, Virginia Account review |
| Roselle Savings Bank | 3.25% ($1k) 84-month CD | 7 Northern New Jersey counties |
| Security Service Federal Credit Union | 3.25% ($50k), 3.20% ($25k), 3.15% ($500) 7-year CD | Select areas in Texas, Colorado, and Utah |
* BHAP (Bank Hapoalim), BMNA (Bank NY Mellon NA), CATH (Cathay Bank), CBBV (Community Bankers Bank VA), CBRI (Citizens Bank RI), CITI (Citibank), CMPB (Compass Bank), CNTR (Centier Bank), DBFS (Dollar Bank Federal Savings), ENER (Enerbank USA), EWB (East-West Bank), FTSB (Firstrust Savings Bank PA), GSB (GS Bank), IBLA (Iberiabank Louisiana), MRB (Merchants Bank), MRBI (Merchants Bank of Indiana), MSB (Morgan Stanley Bank), MSPB (Morgan Stanley Private Bank), MZTB (Mizrahi Tefahot Bank), NYCM (New York Community Bank), SAFB (Safra Bank), SANT (Santander Bank), UBMU (MUFG Union Bank), WCB (Westchester Bank), WFB (Wells Fargo Bank)
CDs Removed Due To Low Rates Or Expired Specials
CDs Removed, No Longer Available - Nationwide
| Premier America Credit Union | 3.20% ($1k) 17-month CD Special | Easy membership See review |
CDs Removed, No Longer Available - Local
| Belmont Savings Bank | 2.75% ($500) 7-month Holiday CD Special | MA, NH, and RI online See review |
| Wayne Westland Federal Credit Union | 3.03% ($5k) 15-month CD Special | Wayne County, Michigan See review |
| Gesa Credit Union | 3.00% ($500) 17-month Certificate Special | Washington State Account review |
| Patelco Credit Union | 3.50% ($250) 3-year Flexible Rising Rate CD | 16 northern California counties Account review |
| Cross River Bank | 3.25% ($500) 36-month CD | New Jersey See review |
| Afena Credit Union | 3.20% ($100k) 84-months Share Certificate | Grant and Wabash Counties, IN |
CDs Removed, Rate Too Low - National
| Fort Knox Federal Credit Union | 2.55% ($500) 14-month CD Special | Easy membership |
| KS StateBank | 2.55% ($500) 1-year CD | See review |
| KS StateBank | 2.55% ($100k) 1-year Jumbo CD Internet Only Special | See review |
| KS StateBank | 2.61% ($100k) 18-month Jumbo CD Internet Only Special | See review |
| MutualOne Bank | 2.63% ($1k) 19-month CD | See review |
| KS StateBank | 2.72% ($500) 2-year CD | See review |
| KS StateBank | 2.72% ($100k) 2-year Jumbo CD Internet Only Special | See review |
| Advancial | 2.98% ($50k) 3-year Jumbo Certificate | Easy membership See review |
| KS StateBank | 2.85% ($500) 3-year CD | See review |
| KS StateBank | 2.85% ($100k) 3-year Jumbo CD Internet Only Special | See review |
| KS StateBank | 2.92% ($500) 4-year CD | See review |
| KS StateBank | 2.92% ($100k) 4-year Jumbo CD Internet Only Special | See review |
| M.Y. Safra Bank | 3.25% ($5k) 60-month Online Promo CD | See review |
| PenFed Credit Union | 3.15% ($1k) 5-year Money Market Certificate | Easy membership See review |
| United States Senate Federal Credit Union | 3.11% ($60k), 3.05% ($20k), 2.98% ($1k) 60-month CD | Easy membership |
| MutualOne Bank | 3.09% ($5k) 61-month CD | See review |
| KS StateBank | 3.00% ($500) 5-year CD | See review |
CDs Removed, Rate Too Low - Local
| UniBank | 0.75% ($2.5k) 8-month CD Special | Massachusetts |
| UniBank | 2.25% ($500) 14-month CD | Connecticut, Massachusetts, Rhode Island See review |
| Genisys Credit Union | 2.65% ($500) 13-month Share Certificate Special | Michigan, and 1 Pennsylvania and 6 Minnesota counties See review |
| Liberty Bell Bank | 2.75% ($2.5k) 15-month CD Special | South New Jersey and Philadelphia metro area Account review |
| Rhode Island Credit Union | 2.40% ($500) 18-month CD | Rhode Island |
| University of Iowa Community Credit Union | 2.65% ($100k), 2.55% ($10k), 2.45% ($1k) 15-month CD Special | All of Iowa and 4 Illinois counties, University of Iowa relationship See review |
| HRCU | 3.00% ($500) 30-month CD Special | New Hampshire See review |
| Gesa Credit Union | 2.55% ($500) 36-month Certificate Special | Washington State and 9 Idaho counties Account review |
| Gesa Credit Union | 2.30% ($500) 36-month Bump Certificate | Washington State and 9 Idaho counties Account review |
| National Bank of New York City | 3.10% ($2.5k) 54-59 month CD | NYC, Long Island, Westchester See review |
Post Publication Edits
2/13/2019: Popular Direct 1-, 4-, and 5-year CD rates lowered.
2/13/2019: Salem Five Direct 36-month eCD Special added.
2/13/2019: Connexus CU 12- and 60-month Share Certificate rates lowered.
2/14/2019: INOVA FCU 5- and 6-year CD/IRA rates lowered.
4-Year CD is currently 3.20% APY
5-Year CD is now 3.35% APPY
Regards.
UM how about using the Interweb for applying???
figure it out
I'm not optimistic.
"With the term deposit plus accounts. Yes you can open 2 term deposit plus CD'S the MAX amount for each CD is indeed the $100,000 for the term of the CD. "
I locked in 2 of the 3 yr $100k CDs.
MAN !.... i missed that. Just signed for 3y. probably fits better with a ladder. 5yr will be quite idle.
Lock up those long CDs now, folks. I think its all down slope from here.
I put my money where my mouth is, big time. I just bought the Discover 10 year CD 3.10%.
And the Great Lakes CU 7mo 7% on $7k max was in December 2018.
You keep looking for the magical 4% but my recent 3.65% are all up in market value. For example, I have an 80K purchased in late December at 3.6% that is up 1.01% to $81,024.
Generally banks want you in long-term so they can plan accordingly. If they keep reducing long-term rates and the FED does increase a 1/4 point why would you expect 4% when a jump from 3% to 3.5% will look fantastic for a long-term CD. We're not quite there yet so we'll have to wait and see.
The real question no one can/will answer is why the long-term rates of 3.6/3.65 didn't hold fast for a few months. The FED rate didn't change so what's the driving force? I believe the obvious answer is rates, like stocks, look to the future when they set prices. The past is history...it's the future that matters.
I predict the current 3.3% 10-yr brokered will be 3.25% by Monday.
All of my CD's with short terms are aged. All were purchased as 10-yr new issues.
Checked and CD balance is now GREEN...plus $510.32
Yesterday I was underwater $904
https://www.sbinewyork.com/pdf/Customer_Manual.pdf
https://www.sbinewyork.com/certificate-of-deposit-account.aspx
Also, their website states:
"The principal amount of CD cannot usually be withdrawn before the maturity date, unless the Bank consents to the withdrawal as a special case."
10-yr down again to 3.25% (steady decline from 3.65% in mid December)
7-yr GS has two issues: one at 3.25% the other at 3.20%
5-yr headed down to 3.0%
Brokered 2/18/2019
10-yr down to 3.25%
5-yr down to 3.0%
Years ago I remember buying brokered 10-yr at 3.3% and later some PenFed 5/7 year at 3%. It seems like a repeat of that trend.
One third already locked into a 5 year at 3.7.
A few questions...
1. Are these CD's brokered or from local bank(s)?
2. Can you give us some idea of your stable retirement income and cash savings (taxable and tax free)?
- These aren't brokered, they're local banks/CU's.
- I have no other income, only CD and savings account interest.
(I had less than 10k income last year. This year with new CDs I should have over 30k after tax.) I've considered minis but don't haven't seen any good offerings. So everything is taxable.
However I have a house to be sold which I am considering renting for over two times my current rent. The house is currently worth 200 to 270 (depending on repairs to be done).
You can get a lot of fragmented advice on a forum but no one can really advise without a set of baseline information.
Age, Marital Status
Net worth breakdown (property, cash, investments, etc.)
Present and future income streams
Investment income
Outstanding debt (secured and unsecured)
and last but not least annual expenses.
A million dollars in CD's can earn $35K/year pre-tax or it can earn nothing sitting in a bank. It could also make/lose a lot in the stock market! A 50-year old may not want to touch principal where a 70-year old might start a draw down.
CD's are FDIC insured but you must know the limits, which is another subject altogether. The bank where you purchase CD's is not obligated to inform you..understanding FDIC/NCUA insurance is your responsibility.
There's nothing wrong with 10-yr 3.25% CD's if you want steady income. I recently put $380K in 10-yr. 3.65% CD's.
Good luck!
What did you consider that caused you to decide $380k was the amount you should put in this 10 year CD?
It was simple. I had some PenFed CD's mature along with two local CD's and a bit of cash on hand looking for a home. I put $380K into the CD's and another $40K in a few stocks. In a little under two years I'll have more PenFed CD's mature and that cash will go to brokered CD's or stocks. We want one local bank, one brokerage and one credit card (we have two but only one is used).
Our 10-yr CD's were purchased over time so they've become naturally "laddered". It's nice to see most of them (brokered) on one screen which is why I prefer using a brokerage.
I've already locked up one third, all in one 5 year CD. Should have broken it up into 5, 6, 7 and 10 year CD's. A ten year CD is now in the low three's. Maybe I'll add more. Or maybe look at other options outside of CD's. Someone suggested dividend stocks, 5 to 6%. Someone else suggested 3 to 4% dividend stocks with more growth potential. Another person suggested an annuity ..... another municipal bonds. By the time I pay fees and taxes there would be little left especially with inflation.
All those options are...options. It all depends on how much work you want to do, fees you're willing to pay and your general risk level. Over the years I've had many investments and still have hard assets in addition to CD's and stocks. I pay no annual fees. A few lessons learned...
Stocks can go down.
Dividends can be cut, sometimes dramatically.
I run from annuities unless they are in the form of a pension.
Munis often require a knowledge base many don't have.
If you want stocks follow Warren Buffet's advice
https://www.cnbc.com/2018/01/03/why-warren-buffett-says-index-funds-are-the-best-investment.html
We do not need cash flow from investments. I bought CD's because my wife wanted safety and simplicity. I also have a few utility stocks earning great dividends BUT I closely follow and buy these stocks when the time is right. I have sold certain issues when the stock appreciated significantly for a combined annual return of 12-20% but that is never guaranteed. I go for the dividend first and appreciation second. At present that's about 15% of my brokerage account but, again, we do not need income from investments. Barring a calamity or a nursing home stint, we should not have to touch savings until our 90's...when I probably won't care what happens!
Every situation is different so I wish you well. If you can do this yourself and avoid management fees do so.
I dislike investment percentages even when it's just cash we're talking about. Ten year CD's are not for everyone because they carry a long-term downside risk. It also depends on where you're at in the savings cycle...beginning, middle or near the end! We may never touch our savings so we can be be conservative with CD's and a few stable utility stocks paying 5-6% dividends.
The answer also depends on the total amount you're considering. If you think rates will rise in the near future perhaps 3.25% is unattractive for 10 years.
Sorry, there's just no easy answer.
They've caved.
https://www.reuters.com/article/us-usa-fed-mester/feds-mester-sees-limited-inflation-risk-from-rising-wages-idUSKCN1Q21Z2
The last paragraph may be of special interest.