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CD Rates Summary October 11, 2016


CD Rates Summary October 11, 2016

Friday’s solid job report improves the chance of a Fed rate hike in December. This MarketWatch article has more details on the report:

The economy created 156,000 new jobs in September, another solid gain in employment that’s likely to prod the Federal Reserve to raise interest rates in the next few months.

However, I’m afraid a December Fed rate hike is far from a sure thing. Economist Tim Duy described why that’s the case in his Fed Watch blog post, Jobs Data Keeps Hawks Sidelined. In the post, Duy described recent speeches by the second most powerful Fed official, Fed Vice Chair Stanley Fischer. As Duy described, Fischer is “now fully under the sway of Fed doves.” Duy sums up the chances of a Fed rate hike at the next two meetings:

Bottom Line: A November rate hike remains dead. We have two labor reports until the December meeting. A continuation of recent trends would leave a rate hike at that meeting in doubt.

We may get a few hints about what to expect at the next two Fed meetings when the Fed releases on Wednesday the minutes of the September Fed meeting. As mentioned in this USA Today article:

The minutes on Wednesday are expected to reveal the kind of evidence the Fed needs and “how wide this gap is” between those favoring and those opposing a hike

The Fed funds future contracts indicate a 75% chance of Fed rate hike by December. That’s up quite a bit from last week when they showed only a 59% chance. Most Treasury yields are also up from last week. Most of the yield gains were in the longer-dated maturities. The following numbers are based on Daily Treasury Yield Curve Rates and the CME Group FedWatch.

Treasury Yields:

  • 1-month: 0.27% down from 0.28% last week
  • 6-month: 0.48% same as last week
  • 2--year: 0.87% up from 0.82% last week
  • 5--year: 1.30% up from 1.22% last week
  • 10-year: 1.77% up from 1.69% last week
  • 30-year: 2.50% up from 2.40% last week

Fed funds futures' probability of at least one additional rate hike by:

  • Dec 2016: 75% up from 59% last week
  • Mar 2017: 81% up from 67% last week
  • Jun 2017: 86% up from 74% last week

Certificate of Deposit Rates

CD rates continue to have little movement. A few of the best deals may not last much longer. In particular, the 2.28% APY 5-year CD at Garden Savings Federal Credit Union is one. DA reader jimbeau mentioned that this offer is scheduled to end on October 14th. As shown in the tables below, this CD is also competitive for shorter terms when the early withdrawal penalty (180 days of interest) is factored in. It’s easy to qualify for credit union membership, but there’s no online application. Please refer to this post for more details.

One noteworthy rate increase was at EBSB Direct which raised its 16-month internet CD rate from 1.35% to 1.41% APY. EBSB Direct now holds the top spot for nationally available bank CDs with terms around 18 months. However, there are several easy-membership credit unions with higher CD rates including Veridian Credit Union (1.60% APY 15-month Jumbo CD).

Finally, here’s my usual note about long-term CDs with mild early withdrawal penalties.

An alternative to short-term CDs is long-term CDs that have mild early withdrawal penalties. I include the effective yields of a few 5-year CDs when closed early in the tables below. All of these have competitive 5-year CD rates and an early withdrawal penalty of 6 months of interest or less. The combination of a high 5-year CD rate combined with a mild early withdrawal penalty makes these CDs pretty good deals even when closed early. If you want to compare the effective yields of other CDs after the early withdrawal penalties, please refer to our CD early withdrawal penalty calculator.

The risks of planning for early withdrawals of long-term CDs were highlighted by the deposit agreement change at Ally. The risks have also been seen at credit unions which have raised the early withdrawal penalties on existing CDs. I have more details in this blog post.

Savings & Checking Account Rates

In the past I’ve covered savings and checking account rate changes in another weekly summary post. Each week I would publish one post with a recap of savings and checking account rate changes and another post with a recap of CD rate changes. Since there aren’t a lot of rate changes, I’m now alternating these posts. This week I’ll just publish this CD summary. Next week I’ll just publish the savings/checking summary. For both summaries I’ll include the same economic overview. You can always get the latest rates for savings/checking accounts and CDs by using our rate tables. Just use the menu on top.

Here’s the link to last week’s savings/checking recap.

Yields Accurate as of October 11, 2016

Under 1-Year CD Rates

The Palladian PrivateBank1.30% Savings Account promo 6-month rate ($10K min/$500K max)See review
Dime Savings Bank1.10% Dime Direct Money Market (1 year rate guarantee) See review
Northeast Bank1.10% Pearl Money Market Promo (6-month rate guarantee) See review
Salem Five Direct1.10% eOne Savings (guaranteed through 1/1/2017) See review

Noteworthy Local Deals - Under 1-Year CDs

Village Credit Union2.00% ($25k) Special Rate 9-month CD8 central Iowa counties See review
Bankers Trust Company1.30% 7-27 month Pick-A-Term CDIowa and Arizona See review
Pacific Alliance Bank1.28% ($25k) Super Savings 2-year rate guaranteeSouthern California See review
Maine Highlands Credit Union1.26% 6-month IRA CertificatePiscataquis County and 12 central Maine communities See review
Popular Community Bank1.26% Optimum Money Market Special (6-month rate guarantee)New York, possibly Northern New Jersey See review
Sterling Bank & Trust1.25% MMA Promo (6-month rate guarantee)Southern California See review
Florida Community Bank, N.A.1.20% ($10k min) Personal High Yield Money Market Promo (90-day rate guarantee) Central and South Florida See review
Mercantil Commercebank, N.A.1.20% ($10k min) 10-month Smart CD South Florida, NYC, and Houston, Texas area See review
Synergy Bank, SSB1.20% 10-month CD Special ($10k min)Dallas/Fort Worth area
University of Iowa Community Credit Union1.20% ($250k), 1.20% ($100k), 1.00% ($1k) 9-month CD Special48 Iowa counties, 4 Illinois counties See review
Capital One Bank1.10% Essential Savings 6-month guaranteeCT, DC, DE, LA, MD, NJ, NY, TX, and VA See review
LOMTO Federal Credit Union1.10% 6-month CDParts of New York City
EastBank, N.A.1.10% 9-month CDNYC metro area See review

1-Year CD Rates

SafeAmerica Credit Union1.40% 14-month CD Special Easy membership See review
State Bank of Texas1.35% ($100k) 1.25% ($25k) 12-month CD See review
Live Oak Bank1.30% 1-year CDInternet bank See review
EverBank1.30% 1-year High Yield Pledge CD Internet bank See review
E-LOAN.com1.30% ($10k) 1-year CD
Popular Direct1.30% ($10k) 1-year Popular Direct CDInternet bank
Community Choice Credit Union (MI)1.27% 11-month CD Special Easy membership See review
Colorado Federal Savings Bank1.25% 1-year CDInternet bank
iGObanking1.25% 12-month iGOCD
Sallie Mae Bank1.25% 12-month CD
Synchrony Bank1.25% 12-month CD
TAB Bank1.22% 12-month CD See review

Noteworthy Local Deals - 1-Year CDs

AmeriCU1.55% ($100k) 12-month Jumbo Partner Certificate9 Upstate New York Counties See review
General Electric Credit Union1.55% ($100k) 1-year Jumbo CDSouthwest Ohio
Freedom Federal Credit Union1.50% 52-week Jumbo Certificate ($25k)Harford County, Maryland See review
Idaho Central Credit Union1.50% 12-month Promo CDIdaho
Village Credit Union1.50% ($10k) Special Rate 13-month CD8 central Iowa counties See review
Essex Bank1.50% 13-month CD Promo w/checkingVirginia and Maryland See review
American Eagle Financial Credit Union1.50% 14-month CD SpecialHartford, Middlesex, New Haven, and Tolland Counties, CT See review
We Florida Financial1.46% ($10k) 1-year Jumbo IRA Certificate46 Florida counties See review
The Summit Federal Credit Union1.40% ($75k) 1-year Jumbo CertificatePortions of western NY State See review
South Shore Bank1.40% 14-month Rewards CDMassachusetts
Security Savings Bank1.40% 14-month Special CDSD, IA, and MN See review
American Eagle Bank of Chicago1.35% SUPER Saver 13-month Add-On CD SpecialChicago metro area
Bank 211.35% 14-month CDCarroll, Jackson, Pettis, and Saline Counties, Missouri See review

18-month CD Rates

Credit Union of New Jersey2.00% ($25k max) 20-month Certificate Special w/checking Easy membership See review
Veridian Credit Union1.60% 15-month Jumbo CD ($100k)Easy membership See review
State Bank of India (IL)1.52% (2.27% 5-year CD closed after 18 months)
USALLIANCE Financial1.51% 15-month CD Special ($100k max)Easy membership
Garden Savings Federal Credit Union1.51% 18-month Share Certificate Easy membership See review
Veridian Credit Union1.50% 15-month CD SpecialEasy membership See review
NASA Federal Credit Union1.45% 15-month CD Special
EBSB Direct1.41% 16-month EBSB CDInternet bank See review
Lake Michigan Credit Union1.40% 18-month CD SpecialEasy membership
EverBank1.36% 1.5-year High Yield Pledge CD Internet bank See review
Live Oak Bank1.35% 18-month CDInternet bank See review
E-LOAN.com1.35% ($10K) 18-month CD
Popular Direct1.35% ($10k) 18-month Popular Direct CDInternet bank
Elements Financial1.35% (2.01% 5-year CD closed after 18 months)Easy membership

Noteworthy Local Deals - 18-Month CDs

Collins Community Credit Union2.01% ($250k), 1.96% ($100k), 1.91% APY ($50k) 19-month CD Special 38 eastern Iowa counties See review
Cedar Falls Community Credit Union1.70% 15-month Jumbo Certificate7 Iowa counties See review
University of Iowa Community Credit Union1.70% ($250k), 1.60% ($100k), 1.50% ($1k) 19-month CD Special48 Iowa counties, 4 Illinois counties See review
Farmers State Bank1.57% 15-month CD3 NE Iowa counties
Cedar Falls Community Credit Union1.55% 15-month Special Share Certificate7 Iowa counties See review
Warsaw Federal1.52% 18-month CDCincinnnati, Ohio See review
New Dimensions Federal Credit Union1.51% 15-month Share CertificateKennebec and Somerset Counties, Maine See review
Walpole Co-operative Bank1.50% 15-month CD SpecialWalpole, Massachusetts area See review
Del-One Credit Union1.50% 15-month CD SpecialDelaware See review
Lincoln 1st Bank1.50% 18-month Variable Rate CDNorthern New Jersey See review
Sunmark Federal Credit Union1.50% 18-month CDCapital Region, Upstate New York

2-Year CD Rates

State Bank of India (IL)1.71% (2.27% 5-year CD closed after 2 years)
Hughes Federal Credit Union1.71% ($99k) 29-month CD Easy membership See review
Veridian Credit Union1.65% 25-month Jumbo CD ($100k min)Easy membership
Hughes Federal Credit Union1.61% ($50k) 29-month CD Easy membership See review
Achieva Credit Union1.55% ($75k) 24-month IRA Easy membership See review
Veridian Credit Union1.55% 25-month Special CDEasy membership
XCEL Federal Credit Union1.51% (2.00% 60-month CD closed after 2 years)Easy membership
Elements Financial1.51% (2.01% 5-year CD closed after 2 years)Easy membership
Popular Direct1.50% ($10k) 2-year Popular Direct CDInternet bank
Service Credit Union1.50% 27-month Certificate SpecialSee review - Limited membership
Live Oak Bank1.45% 2-year CDInternet bank See review

Noteworthy Local Deals - 2-Year CDs

Community First Bank2.00% 29-month CD Special21 western Pennsylvania counties
Farmers State Bank1.80% 29-month CD3 NE Iowa counties
Manatee Community Federal Credit Union1.75% ($10k) 24-month CD Manatee County, Florida See review
Idaho Central Credit Union1.75% 24-month Promo CDIdaho
Cedar Falls Community Credit Union1.60% 25-month Special Share Certificate7 Iowa counties See review
IH Mississippi Valley Credit Union1.56% 24-month CD Quad Cities area, IL and IA
FivePoint Credit Union1.51% 24-month Share Certificate Special5 Texas counties See review
F & A Credit Union1.51% 24-35 month Term Share Certificate City and County employees in Southern California
Golden State Bank1.50% ($25k min) 25-month Special Gold CDLos Angeles County, Orange County, and the Inland Empire See review
First Federal Credit Union1.50% 25-month CD SpecialLinn County, Iowa See review

3-Year CD Rates

State Bank of India (IL)1.91% (2.27% 5-year CD closed after 3 years)
Hughes Federal Credit Union1.87% ($99k), 1.76% ($50k), 1.66% ($1k) 36-month CDEasy membership
Achieva Credit Union1.85% ($75k) 36-month IRA Plus Easy membership See review
RTN Federal Credit Union1.85% 37-month CD SpecialEasy membership See review
Connexus Credit Union1.75% 3-year CD w/active chk
SafeAmerica Credit Union1.71% 30-month CD Special Easy membership See review
USALLIANCE Financial1.71% 35-month CD SpecialEasy membership
Veridian Credit Union1.70% 39-month Jumbo CD ($100k)Easy membership See review
Elements Financial1.69% (2.01% 5-year CD closed after 3 years)Easy membership
XCEL Federal Credit Union1.68% (2.00% 60-month CD closed after 3 years)Easy membership
Popular Direct1.60% ($10k) 3-year Popular Direct CDInternet bank
Veridian Credit Union1.60% 39-month Special CDEasy membership See review

Noteworthy Local Deals - 3-Year CDs

Bent River Community Credit Union2.20% ($200k) 38-month CD Special See review
CFCU Community Credit Union2.10% ($100k), 1.75% ($25k), 1.50% ($10k) 33-month Celebration Certificate Special Tompkins and Cortland Counties, NY See review
Collins Community Credit Union2.06% ($250k), 2.01% ($100k), 1.96% APY ($50k), 1.91% ($10k) 30-month CD Special38 eastern Iowa counties
1st Gateway Credit Union2.05% 40-month CD SpecialEastern Iowa, Western Illinois
Community Financial Services Bank2.02% 33-month CD Special KY, IN, IL, MO, and TN See review
VITAL Federal Credit Union2.01% 36-month CDSpartanburg County, South Carolina See review
Ardent Credit Union2.00% 30-month Flex CD5 SE Pennsylvania counties See review
Vibrant Credit Union2.00% 33-month CD SpecialIowa, Illinois Quad Cities area
Gulf Coast Credit Union1.95% 36-month Share CertificateJim, Nueces, and San Patricio Counties, TX

4-Year CD Rates

Achieva Credit Union2.10% ($75k) 48-month IRA Plus Easy membership See review
Bay State Savings Bank2.00% 48-month CD
NASA Federal Credit Union2.00% 49-month CD Special
State Bank of India (IL)2.00% (2.27% 5-year CD closed after 4 years)
Melrose Credit Union1.81% 4-year CD
SelfHelp Credit Union1.81% 48-month CD
EverBank1.80% 4-year High Yield Pledge CDInternet bank See review
Virtual Bank1.78% 4-year eCD Internet bank
Elements Financial1.77% (2.01% 5-year CD closed after 4 years)Easy membership
XCEL Federal Credit Union1.76% (2.00% 60-month CD closed after 4 years)Easy membership
Popular Direct1.75% ($10k) 4-year Popular Direct CDInternet bank
American Heritage Federal Credit Union1.72% 47-month Bump-Up CDEasy membership See review
Alliant Credit Union1.70% ($25k), 1.65% ($1k) 48-month CD

Noteworthy Local Deals - 4-Year CDs

Institution for Savings2.50% ($250k) 4-year Money Market CD (also requires $250K in MMA)Parts of Massachusetts
Deere Employees Credit Union2.30% 48-month Share CertificateEmployees and retirees of Deere & Company See review
Pelican State Credit Union2.19% 48-month CDRapides Parish, Louisiana
Jefferson Financial Credit Union2.17% ($10k) 48-month Share CertificateJefferson Parish, LA
Beaumont Community Credit Union2.12% 48-month Share CertificateJefferson County, TX
Security Savings Bank2.06% 48-month CDTri-state area of SD, IA, and MN
Member One Credit Union2.05% 48-month CDVirginia
Founders Federal Credit Union2.02% 48-month Share CertificateSouth Carolina
Red Rocks Credit Union2.02% 48-month Share CertificateColorado
Perpetual Savings Bank2.01% 48-month CDOhio See review
Alliance Credit Union2.00% 48-month Share Certificate3 California and 3 North Carolina counties
Federal Employees Credit Union2.00% ($100k) 48-month CDFederal employees and retirees See review for limitations

5-Year CD Rates

Achieva Credit Union2.55% ($75k) 60-month IRA Plus Easy membership See review
Northwest Federal Credit Union2.47% ($250k) 5-year Share Certificate (w/bonus points)Easy membership requirements See review
Mountain America Credit Union2.30% 60-month CD
State Bank of India (IL)2.27% 5-year CD
Signal Financial Credit Union2.16% 60-month Share CertificateEasy membership requirements See review
Melrose Credit Union2.12% 5-year CD
RiverLand Federal Credit Union2.10% 60-month CertificateEasy membership requirements See review
Wings Financial Credit Union2.07% ($90k) 2.02% ($10k) 5-year Share CertificateSee review
AgFed Credit Union2.05% 60-month Share CertificateSee review
Andrews Federal Credit Union2.02% ($10k) 60-month Jumbo CD
Elements Financial2.01% 5-year CDEasy membership
Fort Knox Federal Credit Union2.00% 59-month CD SpecialEasy membership
XCEL Federal Credit Union2.00% 60-month CDEasy membership
eloan2.00% ($10k) 5-Year CDInternet bank
Popular Direct2.00% ($10k) 5-Year Popular Direct CDInternet bank
The Vanguard Group Brokered CD1.75% 5-year non-callable CDIssued by Wells Fargo Bank
Fidelty New Issue CD1.50% 5-year New Issue CD

Noteworthy Local Deals - 5-Year CDs

General Electric Credit Union2.75% 5-year CDSouthwest Ohio
Deere Employees Credit Union2.50% 60-month Share CertificateEmployees and retirees of Deere & Company See review
Bank of Utica2.50% 5-year CDUtica, NY area
Northwoods Credit Union2.42% ($100k+) 60-month Certificate Carlton, Pine, and St. Louis Counties, MN See review
American United Federal Credit Union2.40% 60-month CD (includes 0.10% rate increase)Salt Lake and Tooele Counties, Utah See review
IH Mississippi Valley Credit Union2.32% 60-month CD Quad Cities area, IL and IA
Granite Credit Union2.32% 60-month CertificateSalt Lake County, Utah See review
Cyprus Credit Union2.30% 60-month CD and Dream CD Utah See review
University Federal Credit Union2.30% 60-month CDSalt Lake County, Utah See review
Founders Federal Credit Union2.27% 60-month Share CertificateSouth Carolina
Community Financial Services Bank2.27% 66-month CD Special KY, IN, IL, MO, and TN See review
Burbank City Federal Credit Union2.25% ($100k+) 60-month Fixed Rate Share Certificate SEGs in Southern CA; Easy Membership in 8 Southern CA counties See review
Collins Community Credit Union2.22% ($250k), 2.17% ($100k), 2.12% APY ($50k) 62-month CD Special38 eastern Iowa counties
Educational Systems Federal Credit Union2.10% 60-month Jumbo Star Member CDMaryland

Over 5-Year CD Rates

Andrews Federal Credit Union3.00% 84-month IRA Certificate See review
Apple Federal Credit Union2.60% 120-month CD
Andrews Federal Credit Union2.25% 72-month IRA Certificate See review
Elements Financial2.25% 10-year CDEasy membership
Apple Federal Credit Union2.25% 84-month CD
Discover Bank2.20% 10-year CD
Northrop Grumman Federal Credit Union2.16% ($40k min) 84-month Bonus Term CDEasy membership
Elements Financial2.10% 7-year CDEasy membership
Fidelty New Issue CD2.10% 10-year New Issue CD
Navy Federal Credit Union2.05% ($100k), 2.00% ($20k), 1.95% ($1k) 7-year CDLimited membership
The Vanguard Group Brokered CD2.05% 10-year non-callable CDIssued by Synchrony Bank
The Vanguard Group Brokered CD1.80% 7-year non-callable CDIssued by Discover Bank

Noteworthy Local Deals - Over 5-year CDs

Black Hills Federal Credit Union2.70% ($200k) 7-8 year Ultimate CD (w/checking)South Dakota See review
Sharefax Credit Union2.68% ($15k) 80-month Gold Share CertificateSouthwestern Ohio
Financial Center First Credit Union2.50% 84-month Share Certificate10 central Indiana Counties (greater Indianapolis)
First National Bank (PA)2.25% 10-year CD Special ($10k)PA, MD, OH, WV
Gesa Credit Union2.20% 7-year CDWashington State
San Antonio Federal Credit Union2.20% 10-year CDSan Antonio, TX
Fairfax County Federal Credit Union2.15% ($100k) 72-month Share CertificateFairfax County, VA See review
Liberty Savings Federal Credit Union2.10% 72-month CD Easy membership See review
Ent Credit Union2.10% 84-month Certificate9 Colorado counties See review
Indiana Members Credit Union2.02% 84-month CD17 central Indiana counties
PeoplesChoice Credit Union2.02% 84-month CDYork and Cumberland Counties, Maine

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide


CDs Removed, No Longer Available - Local

First Trust & Savings Bank of Albany, Illinois1.60% 16-month CD SpecialRock Island and Whiteside Counties, IL See review
BankUnited1.20% 9-month Special CDFlorida and NYC metro area See review

CDs Removed, Rate Too Low - National

SafeAmerica Credit Union0.25% 6-month CD Special Easy membership See review
Salem Five1.75% ($10k) 60-month CD SpecialInternet bank
Navy Federal Credit Union1.95% ($100k), 1.90% ($20k), 1.85% ($1k) 6-year CDLimited membership
Garden Savings Federal Credit Union0.75% 12-month Share Certificate Easy membership See review
Garden Savings Federal Credit Union1.11% 2-year Share Certificate Easy membership See review
Garden Savings Federal Credit Union1.86% 5-year Share Certificate Easy membership

CDs Removed, Rate Too Low - Local

HarborOne Bank1.30% 13-month Special CDCT, MA, ME, NH, RI, and VT See review
Bank of the Ozarks1.30% 13-month CD Special 9 Dallas-Fort Worth branches See review
First Choice Bank1.25% 15-month CDNew Jersey and metro Philadelphia See review
Suncoast Credit Union1.75% 48-month Share Certificate 21 Gulf Coast Florida counties See review
Suncoast Credit Union2.00% 60-month Share Certificate 21 Gulf Coast Florida counties See review

Post Publication Edits

10/12/16: Black Hills FCU 7-8 year Ultimate CD added.

10/13/16: First Choice Bank 15-month CD removed following rate drop.

10/14/16: EverBank 1- and 4-year High Yield Pledge CD rates increased.

10/15/16: Garden Savings Federal Credit Union 12-month, 2- and 5-year CDs removed following rate drop.

10/18/15: BankUnited 9-month Special CD no longer available.

Anonymous   |     |   Comment #1
The globalists pull all of the strings now, the central banks are just the puppets and obey the orders.
There is a background conversion in the works to transform America and the democrats are facilitating this and we will turn into managed society where the individual opinion will be punished as an enemy of the state. Most are blinded to this transformation and think we will always be free, without realizing we no longer count as persons and are irrelevant as such to the elitists.
muniman   |     |   Comment #2
Wow--that certainly is an upbeat commentary.....
With that attiitude finding good c/d rates is not
of any real import...
Pls get a good nights sleep..
Anonymous   |     |   Comment #3
"Pls get a good nights sleep"

I'm not a doctor, but I'm pretty sure a good night's sleep can't cure paranoia.
Anonymous   |     |   Comment #49
#19 should have 100 votes! It's all true...live there.
Anonymous   |     |   Comment #4
The rest is obviously right, but I disagree with your singling out Democrats for criticism.  How much more obvious could it be that the Republican leadership is operating right there alongside the Democrats and in lock step with them.  We are moving rapidly toward a single-party country, like they have in Iran, Red China, North Korea, Cuba . . and as they effectively have in Russia and Venezuela . . among many other countries.  The Democrat and Republican (at least at the top) parties have merged.  Single party control leads to reductions in liberty, and to an assault on quality of life, wherever tried.  But the elitists have very nearly completed their takeover of America, as you suggest.  It is disheartening to say the least, but it is FAR from being alone the fault of Democrats.  Candidly, I blame the despicable Republican Congressional leadership above all.  They have failed America big time.
Anonymous   |     |   Comment #6
#4, You forgot to mention the media, they are protecting, broadcasting, congratulate, advertise, glorify, praise and hide all of the bad things the democrats do,
but they are lynching the GOP for a tiny scratch or irrelevant thing of the past, amplify the bad news and pound with it over and over until the dead people start to understand their vicious agenda and to make GOP look really bad in every day news.
And that is how the lambs got brain washed to vote like Zombies for the DEMs, without knowing that they are voting for their own demise.
Anonymous   |     |   Comment #11
Not all of us are blind or brainwashed to what is going on. Many people choose not to see the freedoms that are being taken away or the slow march of Socialism. They choose to remain blissfully ignorant. For me personally the media bias towards Democrats/liberals/Socialism is painful to watch yet impossible to ignore. My vote doesn't seem to count anymore and I'm starting to wonder if everything is rigged anyway.
Anonymous   |     |   Comment #13
The Wikileaks leaks happening in real time will answer that for you.  The news is there, but you will have to do your own research if you want it now.  American "mainstream media" will not go into depth on those leaks until after the election.  They are just too damaging, both to the corrupt media as an institution and to those politicians they so vigorously support.
Anonymous   |     |   Comment #26
The democrats want open borders to flood the nations with a billion of illegals, what else do you need to know:
Anonymous   |     |   Comment #27
And, cheap labor which the other party likes...both parties "like" immigrants!
Anonymous   |     |   Comment #14
So, it's all the Dems fault, right?

Take off your blinders.

Who passed and signed the Medicare Part D law that prevents the largest buyer of pharma on the planet from negotiating better prices?  The Republicans.

That one little part of that bill costs the American people more than 100 Billion Dollars per year.  It is nothing more than a massive subsidy to big pharam, coutesy of the Republican Party.

Why are Republicans so quick to publicly embrace competition and so quick to privately undermine it?  (Hint: M O N E Y)
Anonymous   |     |   Comment #5
Typical conspiratorial DA BS.  No attempts to even make an argument. 
NYCDoug   |     |   Comment #7
Atop my quarterly statement from Dover Federal Credit Union (received today) is the announcement of a an offer starting next Monday: "International Credit Union Week Special . . . 5 Year Share Certificate 2.50% APY."  Not sure if this offer is only for for existing members. Also of concern, in the fine print: "APY may change at any time, as determined by the Board of Directors" . . . Maybe the implication is just poorly positioned boilerplate? It is cognitively dissonant with text that follows: "Offer only valid October 17 - 22, 2016" . . . Planning to call Dover tomorrow to clarify, and find out how best to fund this account -- if, indeed, the rate is fixed.

But also wondering what else might be in the wind for "International Credit Union Week" from elsewhere!
NYCDoug   |     |   Comment #8
Here's a link to a PDF on the promotion; looks like it's open to all [$500 minimum / $25K maximum]: https://www.doverfcu.com/docs/ICU_2016.pdf
Anonymous   |     |   Comment #16
Good deal.  Thanks.  Any thoughts regarding least expensive way in for those who do not qualify?  I tried Friends of Bombay Hook, but it only works for Delaware residents and I do not live in Delaware.  Looked at YMCA:  very expensive.  What is the cheapest way in?
Bozo   |     |   Comment #9
Every couple of weeks , the tin-foil hat brigade comes aboard. Folks, can we please give it a rest? Others here actually try to have discussions about interest rates, early withdrawal penalties, stuff that matters.

If you want to rant, fine, that's perfectly acceptable under the First Amendment.

Why you choose to rant here, I must say, is a bit of a head-scratcher.

Cheers, Bozo.
Anonymous   |     |   Comment #20
It is very simple Bozo, some of us have lots of money and we have lost over $100k in interest in the last 8 years and the bleeding continues. You are rich man and do not depend on the interest only to live off. We sacrificed our life style to accommodate the democrats borrowing and printing binge.
On top of that the globalists are part of the democrat party and the destruction will continue for few more year and then your CDs will become worthless like everyone else's. Your military pension will stop on the order from the globalists and we all become dependents on the Government for handouts. I'm surprised that you think you are invincible.
That is what open boarders will bring, dependency and communes. Look what happen to Santa Ana in California, the whole USA is next.
Anonymous   |     |   Comment #22
You're another one who is so anxious to place sole blame on Democrats.  That is wrong.  Believe me, there are huge numbers of globalist elites and internationalists within the Republican Party hierarchy.  You need to get that through your head and face up to reality.  Why do you think the current schism exists in the party?  Trump is with us Americans.  Ever heard of "America first"?  

But the filthy Republican Party leaders don't give a monkey's wrench about Americans.  They are for the foreigners who are loved by their big money donors, just exactly as is the case with Democrats.  The worthless (so-called) Republican Party leaders, in reality, ARE Democrats. 
Anonymous   |     |   Comment #39
Hey Bozo You are the one wearing the tin foil hat if can't see that Democrats have caused the housing crisis, the financial crisis and are directly responsible for the 0% interest rates.
Anonymous   |     |   Comment #10
So 8 years of liberal/Democrat control of the government, the media, politics and the FED and we have 0% interest rates punishing hard working and prudent savers while rewarding foolish spenders and debtors. Anyone tired of Democrats/liberals/Socialists yet?
Anonymous   |     |   Comment #12
I think everyone is tired of political opinions and debate. Wish we would stick to rates and strategies.
Anonymous   |     |   Comment #21
The interest rates are set by politicians, what strategy are you talking about, there is none, we are part of the globalist take over. If you have not noticed by now, it is to late to strategise, we have no longer control. We let bad people to run our lives and money. Money and politics they merged under the democrats as means to control the Americans.
Anonymous   |     |   Comment #23
Again, no.  It was Democrats AND Republicans.  Take off your partisan blinders and face reality.  You yourself probably voted for several of the Republicans who helped Democrats do this to us, or who stood by meekly and let this happen.  It was not the Democrats acting alone.  Got it!!  And large numbers of Republican elites and fat cats are out there right now doing everything they can to protect their power and privilege by pounding on Mr. Trump for all they are worth.  They know Hillary is a member of their establishment club.  They know Trump is a total outsider . . just like Bernie was.  Course they took care of poor Bernie.  Once they take down Trump the establishment's power is safe for another four years.  But remember, the establishment spans both political parties and includes the media establishment, as well.  It's them vs. us, the American people.
Patient Saver
Patient Saver (anonymous)   |     |   Comment #15
For the moment, my operating assumption is that the Fed will raise in December unless new data compels them to hold off.

Yield curves around the world are steepening, so bonds are becoming less unattractive.

I expect some banks to view these rising rates as a reason to improve their rates to savers.  Better to bump their current 2 year CD by 10-15 bps now rather than have to raise it by 20-30 bps by the end of the year.  If one or two of the big banks goes that route, the others will follow - agressively, resulting in some good opportunities for savers. 

Just keep in mind that the Fed has lead us down this path before, only to get a piece of data at the last minute that kept them from raising rates.
Anonymous   |     |   Comment #17
Anyone have a notion on what new US Ibond rate will be Nov. 1st?
Anonymous   |     |   Comment #25
No new last minute data for the Feds to not raise rates.  Just holding back excuses until the last minute.  More of the same for the foreseeable future and beyond.
Anonymous   |     |   Comment #18
Has anyone "cracked the (membership) code" for GECU?  For example where can one look at the hundreds of "selected employer groups," etc.?  Or other ways to join for the 5 year cd rate?
#29 - This comment has been removed for violating our comment policy.
Anonymous   |     |   Comment #37
It is just amazing to me that some people on here don't see any correlation between 0% interest rates and Democrat/liberal control of government. 8 years and they are still in denial. Then they have the audacity to suggest that those of us who can see what is happening here are the ones who have the blinders on! The talk about politics is 100% applicable to these pathetically low interest rates. Obama adding 10 trillion to the debt is directly applicable to these low interest rates. The Democrats are 100% responsible for the housing collapse due to them forcing the banks to make home loans to minorities and poor under threats of racism. This is what caused the housing and financial crisis which has led to these 0% rates. The Democrats on the senate banking committee were obsessed with the fact that there were not enough home loans for minorities and the poor vs. white/Caucasians with good credit scores.   
Anonymous   |     |   Comment #38
And, your point is?
Anonymous   |     |   Comment #40
My point is these same people who voted for Obama twice will vote for Hillary and interest rates will go negative as the debt balloons to record levels yet again. We wont be getting any interest on our money then.  
Anonymous   |     |   Comment #41
Nice opinion but no facts.  Save more has been the model since 2009...as it was in the last big downer in the 30s.  And, increase "your" income by cutting expenses!
Anonymous   |     |   Comment #42
I believe #37 made their point.  And the facts are out their for those who seek the truth about what took place and what is going on.

As far as "increase your income by cutting expenses, how about getting that through all the politicians heads on the local, state and national level.
Anonymous   |     |   Comment #43
I think cutting expenses is a good answer.  Let's get this program started by eliminating Obamacare.
Anonymous   |     |   Comment #44
An the alternative is...nothing?  Preconditions disqualify one for medical coverage reinstated?  Perhaps Medicare should also go?  Medicaid should go too?
Anonymous   |     |   Comment #45
Lack of planning for accidents and illness (not carrying privet insurance coverage) should not require us that do to pay for other peoples personal irresponsibility.  Obamacare does exactly that.
Anonymous   |     |   Comment #47
How can one plan/buy for health insurance if they have disqualifying preconditions, why should they be at the mercy of the insurers over that which they had/have no control?  All are not as fortunate as most
Anonymous   |     |   Comment #50
Protecting one from preexisting conditions should have been a requirement for insurance companies a long time ago.  That is, as long as you have participated as a continuous policy holder every year.  Anyway, that is about all Obamacare has going for it.
Anonymous   |     |   Comment #51
One good aspect still justifies complete repeal w/o a replaceplacement...that's what we're reading.  Might as well dump Medicare, Medicaid,veterans healthcare, etc. with that logic and let all individuals return to the survival of of those that are fit.  Any wonder why the polls show Hilary is seeming defeating Trump and the Murdock/Fox media onslaught...  And the Liberaterian candidate is gaining strength ...and at who's expense?

Go to Calif and see the numbers...Republican registrations are down, almost as low as those registered as independents.  And look at the Republicans dumping a few years back a seated Senator (Kuchel) for principle.  Much more of the same will not be good for anyone.  Have a great week
Anonymous   |     |   Comment #53
The USA will eventually have a single payer system with the option for rich folks to supplement. Concierge doctors, private surgery clinics and other high-end options will be available for a price. Trust me, most people I know are not going to sit and wait six months for a bypass.
Anonymous   |     |   Comment #54
They will be dead or in Mexico for an operation
Smokeboat (anonymous)   |     |   Comment #46
Don't forget a clothespin when you head for the polls.
Anonymous   |     |   Comment #48
Forget December. Yellen already signaled that inflation could go above their silly 2% target, perhaps to 3% or higher if it was seen as temporary. Central banks will be the ruin of us all.
Anonymous   |     |   Comment #52
Just got an email NASA FCU is giving 2% on 49 month CD and 1.45% on 15 month CD