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CD Rates Summary April 11, 2017

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CD Rates Summary April 11, 2017

The news in the last week hasn’t changed the expectation of a June Fed rate hike. A quarter-point rate hike at every other Fed meeting appears to be consistent with the gradual pace of tightening that has been suggested many times by Fed Chair Janet Yellen. The latest case was on Monday during a public discussion at the University of Michigan. In the discussion, Fed Chair Yellen said:

We think a gradual path of increases in short-term interest rates can get us to where we need to be, but we don't want to wait too long to have that happen,

Last Friday’s jobs report also gave support to a gradual rate hike. Economist Tim Duy explained his opinion about the jobs report and its effect on the Fed in this blog post. He concludes with the following:

Employment report was in line with (diminished) expectations. Most important for monetary policy was the decline in the unemployment rate. But absent more data, the exact implication could be either dovish or hawkish. Until the fog on that issues clears, expect the Fed to stick to its story: More tightening is coming, but at a gradual pace.

The odds of a June Fed rate hike as indicated by the Fed funds futures were unchanged from last week. They still show a 61.7% chance of a June rate hike. The odds of one or more Fed rate hikes by December went down from last week. The futures now show a 44.1% chance of at least two rate hikes by December. This is down from 56.6% last week.

Most Treasury yields were down from last week, with the 30-year Treasury yield falling the most (6 basis points).

The following numbers are based on Daily Treasury Yield Curve Rates and the CME Group FedWatch.

Treasury Yields:

  • 1-month: 0.74% down from 0.77% last week
  • 6-month: 0.94% up from 0.92% last week
  • 2--year: 1.24% down from 1.25% last week
  • 5--year: 1.84% down from 1.88% last week
  • 10-year: 2.32% down from 2.36% last week
  • 30-year: 2.93% down from 2.99% last week

Fed funds futures' probabilities of future rate hikes by:

  • Jun 2017 - at least one hike: 61.7% same as last week
  • Jun 2017 - at least two hikes: 2.6% same as last week
  • Dec 2017 - at least one hike: 84.6% down from 89.8% last week
  • Dec 2017 - at least two hikes: 44.1% down from 56.6% last week

Certificate of Deposit Rates

Two weeks ago I reported that we were seeing a growing number of CD rate hikes. I’m happy to report that is still the case. The March Fed rate hike appears to be having an effect. Several internet banks and credit unions have come out with higher CD rates in the last two weeks. A few examples of these institutions include Connexus Credit Union (1.50% APY 12-month, 1.70% APY 24-month, 2% APY 36-month), VirtualBank (1.46% APY 12-month), Northern Bank Direct (2.00% APY 36-month), iGObanking (1.90% 36-month), NASA Federal Credit Union (1.60% APY 15-month, 2.25% APY 49-month) and Service Credit Union (2.60% APY 60-month).

Brokered CD rates fell slightly, which mirrored the decline of Treasury yields. Even with the recent declines, brokered CD rates remain very competitive compared to direct CD rates for terms from 2 years to 10 years.

Even with CD rates rising overall, a few hot CD specials have expired or are near expiration.

Two banks that have ended CD specials include Third Federal Savings & Loan which stopped offering its 35-month CD special (1.85% APY), and New Buffalo Savings Bank which ended its 24-month Bump Rate CD special (1.75% APY).

Mountain America Credit Union has been offering a 5-year CD with a 2.75% APY, but it has notified members that this special is scheduled to end on April 14. This CD is the rate leader for nationally available 5-year CDs.

There is still no sign of Navy Federal Credit Union preparing to end its special 17-month CD. This is an add-on CD with a 2.00% APY. The only downside is a maximum deposit of $50k. I have more details about the CD and about joining Navy Fed in this blog post.

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 long-term CDs when closed early in the tables below. All of these have competitive long-term CD rates and an early withdrawal penalty of 6 months of interest or less. The combination of a high long-term 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.

Yields Accurate as of April 11, 2017

Under 1-Year CD Rates

The Palladian PrivateBank1.30% Savings Account promo 6-month rate ($10K min/$500K max)See review
HSCB1.30% 5-month Promo CDSee review
HSCB1.25% Promo Premier Savings (rate guaranteed through 8/31/17)See review
McGraw-Hill Federal Credit Union1.25% ($75k) Ascend Account MMA (rate guarantee through 8/31/17) See review
VirtualBank1.16% ($10k) 9-month eCD See review
AloStar Bank of Commerce1.13% (1.35% 12-month Share Certificate closed after 6 months)(Added to Summary 3/30) - See review
VirtualBank1.11% ($10k) 6-month eCD See review
EverBank1.11% (1yr intro rate, up to $250k) 0.61% ongoing rateMMA/Checking - Account review
iGObanking1.10% 6-month iGOCD
McGraw-Hill Federal Credit Union1.05% Holiday Money Market Promo (rate guarantee through 4/30/17) See review

Noteworthy Local Deals - Under 1-Year CDs

First Tennessee Bank1.50% ($50k) 9-month Money Market Savings (6 month rate guarantee)AL, AR, GA, KY, MS, NC, TN, and VA See review
Bankers Trust Company1.50% (base rate) 9-21 month Pick-A-Term CD PromoCedar Rapids/Des Moines, IA and Phoenix, AZ See review
Arbor Financial Credit Union1.27% 7-month "Lucky 7" CD Special21 southwest Michigan counties See review
Maine Highlands Credit Union1.26% 6-month IRA CertificatePiscataquis County and 12 central Maine communities See review
Synergy Bank, SSB1.20% 10-month CD Special ($10kDallas/Fort Worth area
Primary Bank1.11% ($10k) Choice Money Market (rate guarantee through 1/11/18)New Hampshire See review
Capital One Bank1.10% Essential Savings 6-month guaranteeCT, DC, DE, LA, MD, NJ, NY, TX, and VA See review

1-Year CD Rates

Connexus Credit Union1.50% 12-month Share CertificateEasy membership See review
UNIFY Financial Credit Union1.50% (2.00% 60-month Share Certificate closed after 1 year)Easy membership
VirtualBank1.46% ($10k) 12-month eCD Internet bank See review
Banesco USA1.45% 12-month CD
EverBank1.45% 1-year Yield Pledge CD Internet bank See review
US Postal Service Federal Credit Union1.45% 12-month e-CertificateEasy membership See review
Andrews Federal Credit Union1.45% ($10k) 12-month Jumbo Share CertificateEasy membership See review
My e-BAnC by BAC Florida Bank1.42% ($100k) 12-month Jumbo Time Deposit See review
M.Y. Safra Bank1.41% 12-month Online Promo CD See review
Melrose Credit Union1.41% 1-year Share CertificateCurrently operating under an NCUA conservatorship
Northwest Federal Credit Union1.41% ($250k), 1.31% ($100k) 1-year CDEasy membership See review
My e-BAnC by BAC Florida Bank1.40% 12-month Time Deposit See review
Live Oak Bank1.40% 1-year CDInternet bank See review
PurePoint Financial1.40% ($10k) 12-month CDInternet bank See review
Signal Financial Federal Credit Union1.36% 12-month Share Certificate Promo Rate Easy membership See review
AloStar Bank of Commerce1.35% 12-month CD Internet bank See review
Colorado Federal Savings Bank1.35% 1-year CDInternet bank
Synchrony Bank1.35% 12-month CDInternet bank See review
Amboy Direct1.35% ($10k min/$100k max) 12-month eSavings CD Internet bank See review
State Bank of Texas1.35% ($100k) 1.25% ($25k) 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
Seasons Federal Credit Union1.51% 14-month Featured Certificate Middlesex County, CT See review
West Town Bank & Trust1.50% Personal Classic Checking (rate guarantee for one year)Chicago metro area and Eastern North Carolina See review
Potlach No 1 Federal Credit Union1.50% 12-month Share Certificate Special11 Idaho and 2 Washington counties
Watch Hill Bank1.50% 12-month CD SpecialGreater Cincinnati area See review
Directions Credit Union1.50% 14-month Share Certificate Special10 Ohio and 1 Michigan counties See review
Freedom Federal Credit Union1.50% 52-week Jumbo Certificate ($25k)Harford County, Maryland See review
Patelco Credit Union1.50% (2.00% 36-47 month Share Certificate closed after 1 year)Northern California See review
South Shore Bank1.40% 14-month Rewards CDMassachusetts
Patelco Credit Union1.37% (2.75% 60-month Certificate closed after 1 year)Northern California See review
American Eagle Bank of Chicago1.35% SUPER Saver 13-month Add-On CD SpecialChicago metro area

18-month CD Rates

Navy Federal Credit Union2.00% ($50k max) Special 17-month Certificate w/add-on depositsEasy membership See review
NASA Federal Credit Union1.60% 15-month CD Special Easy membership See review
Veridian Credit Union1.60% 15-month Jumbo CD ($100k)Easy membership See review
UNIFY Financial Credit Union1.58% (2.00% 60-month Share Certificate closed after 18 months)Easy membership requirements
Popular Direct1.55% ($10k) 18-month Popular Direct CDInternet bank
Capital One1.54% (2.30% 60-month 360 CD closed after 18 months)See review
VirtualBank1.51% ($10k) 18-month eCD See review
Veridian Credit Union1.50% 15-month CD SpecialEasy membership See review
McGraw-Hill Federal Credit Union1.50 ($50k), 1.40% ($20k) 17-month Promo CD See review
Service Credit Union1.50% 20-month Certificate Special Limited membership See review
M.Y. Safra Bank1.47% 18-month Online Promo CD See review
PenFed Credit Union1.46% 15-month Money Market CertificateEasy membership See review

Noteworthy Local Deals - 18-Month CDs

Patelco Credit Union1.85% (2.75% 60-month Certificate closed after 18 months)Northern California See review
First United Credit Union1.80% 18-month CD Special (checking relationship)23 West Michigan counties See review
Hanover Community Bank1.75% 21-month CDNassau, Suffolk, Queens, and Kings Counties, New York See review
Collins Community Credit Union1.71% ($250k), 1.66% ($100k), 1.61% ($50k) 15-month CD Special 38 eastern Iowa counties See review
Cedar Falls Community Credit Union1.70% 15-month Jumbo Certificate7 Iowa counties See review
First United Credit Union1.70% 18-month CD Special 23 West Michigan counties See review
Directions Credit Union1.70% 19-month Share Certificate Special10 Ohio and 1 Michigan counties See review
Patelco Credit Union1.68% (2.00% 36-47 month Share Certificate closed after 18 months)Northern California See review
Lincoln 1st Bank1.65% 18-month Variable Rate CDNorthern New Jersey See review
Walpole Co-operative Bank1.65% 20-month CD SpecialWalpole, Massachusetts area See review
Farmers State Bank1.62% 15-month CD3 NE Iowa counties
Neighborhood Credit Union1.60% 17-month Online Savings CD12 Texas counties See review

2-Year CD Rates

UNIFY Financial Credit Union1.76% (2.00% 60-month Share Certificate closed after 2 years)Easy membership
Capital One1.73% (2.30% 60-month 360 CD closed after 2 years)See review
Hughes Federal Credit Union1.71% ($99k) 29-month CD Easy membership See review
Connexus Credit Union1.70% 24-month Share CertificateEasy membership (Added to Summary on 3/30) See review
Northern Bank Direct1.65% 24-month CD Internet bank See review
Veridian Credit Union1.65% 25-month Jumbo CD ($100k min)Easy membership
Chevron Federal Credit Union1.65% ($250k) 2-year SuperShare 250 CD See review
Fidelity Brokered CD1.60% 2-year non-callable CDIssued by American Express Centurion
The Vanguard Group Brokered CD1.60% 2-year non-callable CDIssued by American Express Centurion
M.Y. Safra Bank1.62% 2-year CD Special See review
VirtualBank1.61% 2-year CD See review
Signal Financial Federal Credit Union1.61% 24-month Share Certificate Promo Rate Easy membership See review
Hughes Federal Credit Union1.61% ($50k) 29-month CD Easy membership See review
My e-BAnC by BAC Florida Bank1.61% ($100k) 24-month Jumbo Time Deposit See review

Noteworthy Local Deals - 2-Year CDs

First United Credit Union2.40% 24-month CD Special (checking relationship)23 West Michigan counties See review
First United Credit Union2.30% 24-month CD Special23 West Michigan counties See review
Collins Community Credit Union2.12% ($250k), 2.06% ($100k), 2.01% ($50k) 28-month CD Special 38 eastern Iowa counties See review
Patelco Credit Union2.08% (2.75% 60-month Certificate closed after 2 years)Northern California See review
Hudson Valley Federal Credit Union2.00% 24-month Certificate Account Dutchess, Orange, Putnam, and Ulster Counties, NY See review
First Federal Credit Union2.00% 29-month CD SpecialLinn County, Iowa See review
Hanover Community Bank1.90% 29-month CDNassau, Suffolk, Queens, and Kings Counties, New York See review
IntegrUS Credit Union1.82% ($125k) 27-month Share Certificate Special11 Iowa, 2 Wisconsin, and 1 Illinois counties See review
Greater Iowa Credit Union1.81% 22-month CD Special33 Iowa counties See review
Farmers State Bank1.80% 28-month CD3 NE Iowa counties
Wright-Patt Credit Union1.79% ($100k) 25-month CD Special19 Ohio counties See review
Bayer Heritage Federal Credit Union1.77% 24-35 month Share Certificate Portions of OH, SC, WV; Bayer Corporation employees See review
Patelco Credit Union1.76% (2.00% 36-47 month Share Certificate closed after 2 years)Northern California See review
Crescent Credit Union1.75% 25-month CD Special w/checking9 MA and 1 RI counties See review
Sandy Spring Bank1.75% ($10k) 27-month Premier CD SpecialMaryland and Northern Virginia See review
First Service Credit Union1.75% ($50k) 24-month CertificateHarris and Waller Counties, Texas See review

3-Year CD Rates

Connexus Credit Union2.00% 36-month Share CertificateEasy membership (Added to Summary on 3/30) See review
Northern Bank Direct2.00% 36-month CD Internet bank See review
Capital One1.93% (2.30% 60-month 360 CD closed after 3 years)See review
M.Y. Safra Bank1.91% 36-month Online Promo CD See review
iGObanking1.90% 36-month iGOCD See review
Popular Direct1.90% ($10k) 3-year Popular Direct CDInternet bank
Hughes Federal Credit Union1.87% ($99k), 1.76% ($50k), 1.66% ($1k) 36-month CDEasy membership
Kirtland Federal Credit Union1.87% ($200k) 36-month Share CertificateLimited membership, military relationship See review
The Vanguard Group Brokered CD1.85% 3-year non-callable CDIssued by American Express Centurion
Fidelity Brokered CD1.85% 3-year non-callable CDIssued by Capital One Bank
RTN Federal Credit Union1.85% 37-month CD SpecialEasy membership See review
UNIFY Financial Credit Union1.84% (2.00% 60-month Share Certificate closed after 3 years)Easy membership requirements
Melrose Credit Union1.81% 3-year Share CertificateCurrently operating under an NCUA conservatorship
My e-BAnC by BAC Florida Bank1.81% ($100k) 36-month Jumbo Time Deposit See review
Synchrony Bank1.80% ($25k) 36-month CD Internet bank See review

Noteworthy Local Deals - 3-Year CDs

Patelco Credit Union2.31% (2.75% 60-month Certificate closed after 3 years)Northern California See review
Bank of New England2.27% ($10k) 36-47 month CDSoutheast New Hampshire and nearby Massachusetts See review
Triangle Credit Union2.25% 35-month CD Special5 NH and 4 MA counties (Added to Summary on 3/29) See review
Hudson Valley Federal Credit Union2.25% 36-month Certificate Account Dutchess, Orange, Putnam, and Ulster Counties, NY See review
Crescent Credit Union2.25% 37-month CD Special w/checking9 MA and 1 RI counties See review
Primary Bank2.25% 3-year CDNew Hampshire See review
Perpetual Federal Savings Bank2.07% 36-month CDCentral Ohio See review
1st Gateway Credit Union2.05% 40-month CD SpecialEastern Iowa, Western Illinois
Haverhill Bank2.02% 36-month CDNE Massachusetts and nearby New Hampshire See review
Bayer Heritage Federal Credit Union2.02% 36-47 month Share Certificate Portions of OH, SC, WV; Bayer Corporation employees See review
Farmers State Bank2.02% 39-month CD3 NE Iowa counties See review
VITAL Federal Credit Union2.01% 36-month CDSpartanburg County, South Carolina See review
American United Federal Credit Union2.00% 36-month Share Certificate (bump rate or 0.10% rate increase)Salt Lake and Tooele Counties, Utah See review
Firstmark Credit Union2.00% ($100k) 30-month Promo CD15 Texas counties See review
Vibrant Credit Union2.00% 33-month CD SpecialIowa, Illinois Quad Cities area
Fairport Savings Bank2.00% 35-month CD SpecialNew York State See review
Institution for Savings2.00% 36-month CDMassachusetts' North Shore See review
Crescent Credit Union2.00% 37-month CD Special w/o checking9 MA and 1 RI counties See review
Patelco Credit Union2.00% 36-47 month Share CertificateNorthern California See review

4-Year CD Rates

Hanscom Federal Credit Union2.50% 48-month Certificate w/Premier CheckingEasy membership See review
NASA Federal Credit Union2.25% 49-month CD Special
Fidelity Brokered CD2.25% 4-year non-callable CDIssued by Capital One Bank
Signal Financial Federal Credit Union2.12% 48-month Share Certificate Promo Rate Easy membership See review
Kirtland Federal Credit Union2.10% ($200k) 48-month Share CertificateLimited membership, military relationship See review
Melrose Credit Union2.07% 4-year Share CertificateCurrently operating under an NCUA conservatorship
Northern Bank Direct2.05% 48-month CD Internet bank See review
Capital One2.03% (2.30% 60-month 360 CD closed after 4 years)See review
M.Y. Safra Bank2.01% 48-month Online Promo CD See review
Bay State Savings Bank2.00% 48-month CD
Popular Direct2.00% ($10k) 4-year Popular Direct CDInternet bank
Latino Credit Union2.00% 48-month CD Easy membership See review
First Internet Bank1.97% 48-month CDInternet bank See review
UNIFY Financial Credit Union1.84% (2.00% 60-month Share Certificate closed after 4 years)Easy membership requirements

Noteworthy Local Deals - 4-Year CDs

Institution for Savings2.50% ($250k) 4-year Money Market CD (also requires $250K in MMA)Parts of Massachusetts
Tech Credit Union2.48% ($100k) 50-month Jumbo CompoundCD4 NW Indiana and 2 NE Illinois counties See review
Patelco Credit Union2.43% (2.75% 60-month Certificate closed after 4 years)Northern California See review
Jefferson Financial Credit Union2.38% ($10k) 48-month Share Certificate4 Louisiana Parishes See review
Tech Credit Union2.33% 50-month Premium Compound CD4 NW Indiana and 2 NE Illinois counties See review
Deere Employees Credit Union2.30% 48-month Share CertificateEmployees and retirees of Deere & Company See review
Bayer Heritage Federal Credit Union2.28% 48-59 month Share Certificate Portions of OH, SC, WV; Bayer Corporation employees See review
Perpetual Federal Savings Bank2.28% 48-month CDCentral Ohio See review
Primary Bank2.25% ($10k) 4-year Choice CDNew Hampshire See review
First Service Credit Union2.20% ($50k) 48-month CertificateHarris and Waller Counties, Texas See review
Pelican State Credit Union2.19% 48-month CDRapides Parish, Louisiana
East Boston Savings Bank2.16% 48-month CD SpecialBoston metro area See review
Beaumont Community Credit Union2.12% 48-month Share CertificateJefferson County, TX
Cyprus Credit Union2.10% 48-month CDUtah See review
Achieva Credit Union2.10% ($75k) 48-month IRA Plus 10 Florida counties See review

5-Year CD Rates

Mountain America Credit Union2.75% 5-year Bump Term Deposit SpecialEasy membership (CD scheduled to expire on 4/14/17) See review
Service Credit Union2.60% 60-month Certificate SpecialEasy membership (Added to Summary on 3/31) See review
Melrose Credit Union2.42% 5-year Share CertificateCurrently operating under an NCUA conservatorship
Fidelity Brokered CD2.40% 5-year non-callable CDIssued by American Express Centurion
The Vanguard Group Brokered CD2.40% 5-year non-callable CDIssued by Wells Fargo and Capital One
Utah First Federal Credit Union2.40% 60-month CDEasy membership See review
United States Senate Federal Credit Union2.40% ($60k), 2.34% ($20k), 2.28% ($1k) 60-month CD Easy membership
Signal Financial Federal Credit Union2.36% 60-month Share Certificate Promo Rate Easy membership See review
State Bank of India (IL)2.32% 5-year CD
Capital One2.30% 60-month 360 CDSee review
Synchrony Bank2.30% ($25k) 60-month CDInternet bank See review
State Farm Bank2.30% 5-year CDInternet bank See review
Popular Direct2.30% ($10k) 5-year Popular Direct CDInternet bank
Kirtland Federal Credit Union2.29% ($200k) 60-month Share CertificateLimited membership, military relationship See review

Noteworthy Local Deals - 5-Year CDs

Patelco Credit Union2.75% 60-month Share CertificateNorthern California See review
Idaho Central Credit Union2.75% 60-month Promo CD27 Idaho and 1 Nevada counties See review
Cyprus Credit Union2.60% 60-month CD and Dream CD Utah See review
Firelands Federal Credit Union2.60% 60-month Share Certificate5 north-central Ohio counties See review
Jefferson Financial Credit Union2.58% ($10k) 60-month Share Certificate4 Louisiana Parishes See review
Achieva Credit Union2.55% ($75k) 60-month IRA Plus 10 Florida counties See review
Bayer Heritage Federal Credit Union2.53% 60-month Share Certificate Portions of OH, SC, WV; Bayer Corporation employees See review
Arbor Financial Credit Union2.53% 62-month CD Special21 southwest Michigan counties See review
University Federal Credit Union2.50% 60-month CDSalt Lake County, Utah See review
General Electric Credit Union2.50% 5-year CDSouthwest Ohio
Bank of Utica2.50% 5-year CDUtica, NY area
Utah Community Credit Union2.50% 60-month Regular CDJuan, Sanpete, Salt Lake, and Wasatch Counties, Utah See review
Granite Credit Union2.50% 60-month CertificateSalt Lake County, Utah See review
American United Federal Credit Union2.50% 60-month CD (includes 0.10% rate increase)Salt Lake and Tooele Counties, Utah See review
Mid-Florida Credit Union2.50% ($10k) 5-year Certificate Special20 Florida counties See review

Over 5-Year CD Rates

The Vanguard Group Brokered CD2.80% 10-year non-callable CDIssued by Discover Bank
Fidelity Brokered CD2.80% 10-year non-callable CDIssued by Discover Bank
Apple Federal Credit Union2.60% 120-month CD
Fidelity Brokered CD2.50% 7-year non-callable CDIssued by Discover Bank
The Vanguard Group Brokered CD2.50% 7-year non-callable CDIssued by Discover Bank
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
Northrop Grumman Federal Credit Union2.24% ($40k) 84-month Bonus Term CDEasy membership
Discover Bank2.20% 10-year CD
PenFed Credit Union2.17% 7-year Money Market CertificateEasy membership See review
Andrews Federal Credit Union2.10% 84-month Share Certificate See review
Elements Financial2.10% 7-year CDEasy membership
Navy Federal Credit Union2.05% ($100k), 2.00% ($20k), 1.95% ($1k) 7-year CDEasy membership See review

Noteworthy Local Deals - Over 5-year CDs

The First National Bank of Long Island3.05% 10-year IRA CD SpecialLong Island, Brooklyn, Manhattan, Queens See review
PeoplesChoice Credit Union3.04% 120-month CDYork and Cumberland Counties, Maine
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
The First National Bank of Long Island2.65% 7-year IRA CD SpecialLong Island, Brooklyn, Manhattan, Queens See review
San Antonio Federal Credit Union2.60% 10-year Share CertificateSan Antonio, TX
MidFirst Direct2.50% 84-month CDAZ, AR, CA, CO, FL, MO, NH, NV, NY, OK, TX, WY See review
Financial Center First Credit Union2.50% 84-month Share Certificate10 central Indiana Counties (greater Indianapolis)
Island Federal Credit Union2.50% 84-month CertificateNassau and Suffolk Counties, NY See review
Wright-Patt Credit Union2.41%($100k) 72-month CD 10 Ohio counties See review
Advia Credit Union2.30% 70-month Promo CD 68 Michigan, 7 Wisconsin, and 1 Illinois counties See review
First Republic Bank2.25% ($10k) 6-year CDCA, CT, FL, MA, NY, OR See review
First National Bank (PA)2.25% 10-year CD Special ($10k)PA, MD, OH, WV
Gesa Credit Union2.20% 7-year CDWashington State

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

New Buffalo Savings Bank1.75% 24-month Bump Rate CDSee review
Connexus Credit Union1.60% 24-month Share Certificate SpecialEasy membership See review
Third Federal Savings & Loan1.85% 35-month CD Special See review
Justice Federal Credit Union2.12% ($100k) 24-month Share Certificate Special Easy membership See review

CDs Removed, No Longer Available - Local

University of Iowa Community Credit Union1.30% ($250k), 1.20% ($100k), 1.10% ($1k) 11-month CD Special48 Iowa counties, 4 Illinois counties See review
Money Federal Credit Union1.26% 7-month Special Rate CD4 central New York counties See review
Mercantil Commercebank, N.A.1.20% ($10k) 7-month Smart CD South Florida and Houston, Texas area See review
University of Iowa Community Credit Union1.80% ($250k), 1.70% ($100k), 1.60% ($1k) 21-month CD Special48 Iowa counties, 4 Illinois counties See review
SharePoint Credit Union1.50% ($50k max) 11-month CD Special7 Minnesota counties See review
VisionBank1.50% ($100k) 14-month Winter Special CDAmes and Boone Counties, Iowa See review
Bellwether Community Credit Union1.40% 13-month Certificate SpecialNew Hampshire See review
Liberty Bank1.75% 21-month CD Connecticut See review
SharePoint Credit Union2.00% ($50k max) 31-month CD Special7 Minnesota counties See review
Mercantil Commercebank2.00% 36-month Smart CDSouth Florida See review
Financial One Credit Union2.00% 40-month Share Certificate SpecialAnoka County, MN; northeast Minneapolis area See review
PeoplesChoice Credit Union2.22% 84-month CDYork and Cumberland Counties, Maine

CDs Removed, Rate Too Low - National

CIT Bank1.32% 1-year Term CD See review
Capital One1.30% 12-month 360 CDSee review
Popular Direct1.30% ($10k) 1-year Popular Direct CDInternet bank
Ally Bank1.30% 12-month High Yield CDInternet bank See review
CIT Bank1.26% 1-year RampUp CD See review
Capital One1.45% 18-month 360 CDSee review
Live Oak Bank1.45% 18-month CDInternet bank See review
Banesco USA1.45% 18-month CD
Lake Michigan Credit Union1.40% 18-month CD SpecialEasy membership
Capital One1.60% 24-month 360 CDSee review
Melrose Credit Union1.56% 2-year Share CertificateCurrently operating under an NCUA conservatorship
Nationwide Bank1.56% ($100k) 2-year CD See review
Veridian Credit Union1.70% ($100k) 39-month Jumbo CD Easy membership See review
SelfHelp Credit Union1.81% 48-month CD
Capital One 3601.80% 48-month CD
Clark County Credit Union2.27% 60-month CDEasy membership See review
First Internet Bank2.22% 60-month CDInternet bank See review
NuVision Federal Credit Union2.20% 5-year Certificate ($100k)Easy membership requirements See review

CDs Removed, Rate Too Low - Local

Seneca Savings0.89% 13-month CDOnondaga County, New York See review
Cedar Falls Community Credit Union1.55% 15-month Special Share Certificate7 Iowa counties See review
Walpole Co-operative Bank1.55% 15-month CD SpecialWalpole, Massachusetts area See review
First Service Credit Union2.45% ($50k) 60-month CertificateHarris and Waller Counties, Texas See review
Windsor Locks Credit Union2.42% ($100k), 2.27% ($500) 5-year Certificate SpecialHartford County, CT See review
NEFCU2.35% 5-year CertificateNassau and Suffolk Counties, NY See review
Deere Employees Credit Union2.35% 60-month Share CertificateEmployees and retirees of Deere & Company See review

Post Publication Edits

4/13/17: Justice Federal Credit Union 24-month Share Certificate Special removed - no longer available.

Comments
Bozo
Bozo   |     |   Comment #1
Sorry to see Mountain America pulling the plug. That said, I'm not totally shocked. Fixed-income investors (as well as fixed-income providers) were lulled into a false sense of security after the election. What could go wrong? As reality sets in, the flight to safety (read: Treasuries) becomes more important, and folks buy safety.

And, sad but true, the more folks buy safety, the less folks providing same need offer.
w t
w t   |     |   Comment #12
Indeed; what we have in the face of lots of posted cd 'specials' portrays something of a rush on the part of the banks, credit unions, et. al, to get whatever peanuts-rate deals in place as quickly as possible by enticing those very eager to obtain safety--even when the "safety" amounts to pretty much a peanuts-deal, ratewise.
Richard
Richard   |     |   Comment #2
I’ve noticed that in each “CD Rates Summary” posted since late January of this year, the best rates on 2-year, 3-year, 5-year, 7-year, and 10-year, new issue, non-callable, brokered CDs offered by Fidelity and Vanguard are listed. However, I’ve noticed that in each “CD Rates Summary” posted since late January of this year, the best rates on 4-year, new issue, non-callable, brokered CDs offered by Fidelity are the only CDs listed. Vanguard’s offerings on the 4-year, new issue, non-callable, brokered CDs have never been listed. In view of the fact that Vanguard has offered a large number of “best rate” 4-year CDs since late January of this year, I assume this is just an oversight.

Vanguard posts their 4-year, new issue, non-callable, brokered CD rates at the same website which “CD Rates Summary” references: (https://personal.vanguard.com/us/funds/bonds/bonddesk). Vanguard posts their listings of 4-year CDs under the same heading as their “5-year” CDs. For example, as of 4-12-2017 at 7:45 pm EDT, Vanguard’s “best rate” offering on a 4-year, new issue, non-callable, brokered CD was by Capital One Bank and American Express Centurion Bank, each at 2.25% (note that the listed maturity date for each CD is 4-19-2021, reflecting a 4-year term).
LuvCD
LuvCD   |     |   Comment #3
Nice, Richard...but wouldn't it be nice to see ALL of the brokered cd rates since one needs to have an account to see them at Vanguard or Fidelity...seeing them in one place at DA...as they say would be neat!
!!!
!!!   |     |   Comment #4
So why don't you open an account with Vanguard and Fidelity and post them here on DA?
LuvCD
LuvCD   |     |   Comment #5
Privacy, i.e. no longer "do the market"...and want the info to go to the banks and say, "match it or I'll remove other funds!" Got it? Brokered CD rates should be compared to direct CD rates in order to make an informed decision!
Richard
Richard   |     |   Comment #6
LuvCD, you have been misinformed. You do not need an account with Vanguard to view all of their new issue, non-callable, brokered CDs which they currently offer. Just go to the website I previously mentioned (https://personal.vanguard.com/us/funds/bonds/bonddesk) and you can view all the CDs. You can even view extensive information regarding secondary issue brokered CDs on this same public Vanguard website. The reason I know this is because I have an account with Vanguard and the list of CDs displayed on https://personal.vanguard.com/us/funds/bonds/bonddesk is exactly the same as the list of CDs displayed on my account website. The only difference is that the public website hides the CUSIP numbers of the CDs...and of course you need a Vanguard account to actually purchase the CDs. [It is true that you need a Fidelity account to view the new issue (or secondary issue), non-callable, brokered CDs which Fidelity currently offers.]
LuvCD
LuvCD   |     |   Comment #7
I misspoke as to both...in any event it would be "nice" to see in one place rates for brokered CDs and direct CDs...which is my theme! One who is taking RMDs can make QCDs...and I do...but throughout the year, i.e. I get charity requests throughout the year and, thus, cannot buy brokered CDs but use as "leverage" their rates to get direct CDs at a comparable rate. When you get to 701/2 you'll see what I'm talking about. Finally whybuy a CD with half of loaf, i.e. I have to make an informed decision as a fiduciary, and not knowing ALL rates...is "not quite there/baked."
Richard
Richard   |     |   Comment #8
Perhaps the public Vanguard website will help you make a somewhat more informed decision in your current duties as a fiduciary. At least give it a look. It’s too bad that Fidelity doesn’t offer a similar public website.
LuvCD
LuvCD   |     |   Comment #11
One can always find individual CD rates w/o DA...but that is not the issue. Too bad DA doesn't offer comparable posting....Hint/hint, Ken
#9 - This comment has been removed for violating our comment policy.
anonymous
anonymous   |     |   Comment #13
You don't need a Fidelity account to view their CD offerings. You can get the information by enrolling in Guest Access at https://guest.fidelity.com/GA/signup?AuthRedUrl=https://oltx.fidelity.com/ftgw/webxpress/AuthorizeMember&AuthOrigUrl=https://fixedincome.fidelity.com/ftgw/fi/FICorpNotesDisplay
RoadRunner
RoadRunner   |     |   Comment #15
Anonymous, thanks for the info regarding Fidelity's Guest Access. Although the access is for 30 days, that's better than the 0 days I currently have!
anonymous
anonymous   |     |   Comment #10
you do not need a Vanguard account to view their CD offerings. https://personal.vanguard.com/us/FixedIncomeHome
!!!
!!!   |     |   Comment #14
Some people would rather have someone else do the work for them. Even the very little research that it takes.

Just remember, nobody is going to mind your money like you would.
Simion
Simion   |     |   Comment #16
Well said, #14, very well said.
Nothing
Nothing   |     |   Comment #17
All good comments...BUT, I do like the suggestion from Luv! "Too bad DA doesn't offer comparable posting....Hint/hint, Ken"

Happy Easter!
Roush
Roush   |     |   Comment #18
Please see comment #14 above.
Nothing
Nothing   |     |   Comment #19
Roush, if you don't want to see it...don't read it
Roush
Roush   |     |   Comment #20
Please see, and read, and try your very best to understand, comment #14 above. Thanks.
Nothing
Nothing   |     |   Comment #21
Therefore each should ascertain all rates...got it, I think. Editors sometimes like to be customer focused like Ken...and always looking for areas of expansion
Roush
Roush   |     |   Comment #22
Still having trouble understanding comment #14 above? Well, ....at least try to have a very happy Easter.
RoadRunner
RoadRunner   |     |   Comment #23
Does anyone know if full-service (or should I say "full-commission") brokerage firms such as Morgan Stanley sell new-issue, brokered CDs to their clients without charging fees or commissions? I understand that discount brokerage firms such as Fidelity, Charles Schwab, and Vanguard do not charge fees or commissions to their clients on new-issue brokered CDs.
Anony
Anony   |     |   Comment #26
I read a disclosure by MS that said no fees for CD purchases. Secondary market sales do have associated costs. The benefit to my wife and myself with brokered CD's is ease of purchase (a few clicks), consolidated activity reports (interest, taxes, etc.) and the ease of redirecting interest payments to cash and/or new investments (CD's, stocks, etc.). We're actually moving some cash out of CD's (interest payments) into dividend producing utility stocks. So far, so good!
RoadRunner
RoadRunner   |     |   Comment #27
Anony, thanks for the feedback!
Att
Att   |     |   Comment #24
Brokered CD rates can change daily as well as the institutions that are offering them. More caveats than regular CDs. You can look at rates but you need a brokerage account to buy them. Ken You are handling brokered CDs by having the occasional mention.
LuvCD
LuvCD   |     |   Comment #25
Att, true but the coupon rate or original rate does not change, i.e. just like directly issued CDs. A focus is knowing the original issue rate (not market) of brokered CDs to compare to directly offered. Its a bigger issue for us "older" folks since multiple charity "withdrawals" during the year as QCDs cannot practically be done through higher rate, longer term, brokered CDs but knowing the original long term brokered rate helps in getting a good rate directly for CDs...most of my CD rates are above their posted public rates. The Fidelity site is a little burdensome since it is a self-help approach and only for 30 days. Thanks!