Featured 1-Year CD Rates

Popular Posts

Featured Accounts

CD Rates Summary January 16, 2018

POSTED ON BY

CD Rates Summary January 16, 2018

The latest economic data should keep the Fed on course for three rate hikes this year, with the next rate hike most likely to occur in March. Last Friday, the Consumer Price Index (CPI) for December was released. The core CPI increased by 0.3% for the month which exceeded expectations. Also on Friday, the U.S. retail sales data for December was released, and according to this Bloomberg article, “U.S. retail sales rose in December and November’s gain was revised upward, indicating a robust holiday-shopping season.”

If we see the same number of Fed rate hikes in 2018 as we saw in 2017, what should we expect for CD rates in 2018? It might be similar to what we saw in 2017 with most of the rate hikes occurring on the shorter-term CDs. As I described in my January 2nd CD summary, the top 1-year CD rate increased 59 bps in 2017 (rising from 1.41% to 2.00% APY) while the top 5-year CD rate increased only 16 bps (rising from 2.60% to 2.76% APY).

It’s possible that we may see more rate hikes on long-term CDs. The yield curve may not continue to flatten. Economist Tim Duy describes in this Bloomberg article a possible scenario in which the yield curve would steepen this year. The change would be caused by a “supply-side rebound.”

That steepening of the yield curve hasn’t happened yet. In fact, the Treasury yield curve continues to flatten. The 2-year Treasury yield finally broke 2%, ending today at 2.03%. According to Bloomberg, it’s the first time the 2-year yield has reached this level since “the U.S. sank into the depths of the financial crisis in September 2008.” The 30-year Treasury yield declined 5 bps from last week to 2.83%, only 80 bps above the 2-year yield.

The odds of Fed rate hikes at the Fed’s March 20-21 meeting and at its June 12-13 meetings continue to rise. The odds of at least two rate hikes by June as indicated by the Fed funds futures are 52.7%, up slightly from last week when the odds were 48.2%.

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

Treasury Yields:

  • 1-month: 1.33% up from 1.27% last week (0.52% a year ago)
  • 6-month: 1.63% up from 1.60% last week (0.62% a year ago)
  • 2--year: 2.03% up from 1.98% last week (1.17% a year ago)
  • 5--year: 2.36% up from 2.33% last week (1.84% a year ago)
  • 10-year: 2.54% down from 2.55% last week (2.33% a year ago)
  • 30-year: 2.83% down from 2.88% last week (2.93% a year ago)

Fed funds futures' probabilities of future rate hikes by:

  • Mar 2018 - up by at least 25bps: 73.7% up from 68.1% last week
  • Jun 2018 - up by at least 25bps: 92.3% up from 90.1% last week
  • Jun 2018 - up by at least 50bps: 52.7% up from 48.2% last week

Certificate of Deposit Rates

The above graph shows the rate trends of the average CD rates. These average rates are based on all the rate data that we have collected over the years. This is an interactive graph. You can choose the term of the CDs (from 3 months to 5 years) and the look-back period (from 3 months to 5 years). As you can see in the graph, average CD rates for all terms have increased in the last year, but the largest gains have been on the short-term CDs.

Best Nationally-Available CD Rates

For savers hoping for both rising short- and long-term rates, there was good news last week on CD rates. We had a nationally-available 5-year CD reach 3% APY. Connexus Credit Union came out with new CD rates which included a 5-year CD with a 3% APY. People in any state can join Connexus by joining an association (see blog post).

I took a look back in my archives to see when was the last time we’ve seen a nationally-available 3% 5-year CD. Andrews Federal Credit Union was offering a 3% 7-year CD a year ago. In October 2015, Northwest Federal Credit Union came out with a 3-year add-on certificate with a 3.04% APY. That didn’t last long. The last time we saw multiple 3% 5-year CDs was in 2011. That was when U.S. Senate Federal Credit Union offered a 3.33% 5-year CD and when PenFed offered its January Watch It Grow promotion with CD APYs that ranged from 3.50% for a 5-year term to a 5.00% APY for a 10-year term. Those who opened that 10-year CD probably feel very fortunate that they’re still earning 5% APY on a CD.

Hopefully, it won’t be long before we see other credit unions and banks offering 3% 5-year CDs. The top nationally-available 5-year CD rates are from credit unions instead of internet banks. In addition to Connexus, Utah First Credit Union was added to this list. It’s now offering a 5-year Jumbo CD with a 2.70% APY ($50k minimum). Unlike Connexus, its early withdrawal penalty is only 180 days of interest (see blog post).

The best 5-year CD rates from banks are not direct CDs, but brokered CDs. These rates were up 5 bps from two weeks ago. Today, both Fidelity and Vanguard were listing new-issue 5-year brokered CDs with rates of 2.65%. If it wasn’t for Northern Bank Direct’s 2-year and 4-year CDs, brokered CDs would have the advantage over internet banks for terms of 2-years and longer. Northern Bank Direct’s 2-year (2.26% APY) and 4-year (2.51% APY) CD rates are just a little higher than the 2- and 4-year brokered CD rates.

Short-term CD rates have been rising quite a bit in the last two weeks. The number of institutions offering 2%+ APY 1-year CDs has increased from one to four. Connexus is one of the four institutions (2.01% APY). The other three are internet banks: Live Oak Bank, Synchrony Bank and ableBanking.

With short-term CD rates rising so fast, a 3% 5-year CD may not look like a good deal. One issue with Connexus’ 5-year CD is an early withdrawal penalty of one year of interest. If rates keep rising in the next year, that 3% may not look that great. Closing that CD early will be costly. I’ve included the effective yields of this 5-year CD closed early from 18 months to 4 years so you can see the cost of an early closure.

Long-Term CDs with Mild Early Withdrawal Penalties (EWP)

With an EWP of one year’s interest, Connexus isn’t one with a mild early withdrawal penalty. Utah First Credit Union currently offers the best deal with the top 5-year rate of 2.70% APY and an early withdrawal penalty of 180 days of interest. For banks, DollarSavingsDirect has the highest 5-year rate (2.50% APY) for a 180-day interest EWP. With an EWP of 150 days of interest, Ally Bank’s 5-year CD (2.35% APY) is still a better deal when the CD is closed before 21 months.

Below is my standard explanation of the strategy of using long-term CDs with mild early withdrawal penalties and how I include these effective yields in the tables below.

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

Yields Accurate as of January 16, 2018

Under 1-Year CD Rates

InstitutionRatesNotes
Advancial1.76% ($50k) 6-month Jumbo CertificateEasy membership Account review
Crestmark Bank1.70% ($25k) 9-month CDAccount review
Crestmark Bank1.65% ($25k) 6-month CDAccount review
The Vanguard Group Brokered CD1.65% 9-month non-callable CDIssued by CPB, GSB*
Fidelity Brokered CD1.65% 9-month non-callable CDIssued by CPB, GSB, PATB*
Veridian Credit Union1.61% ($100k) 9-month Jumbo CD Easy membership Account review
Ally Bank1.60% ($25k), 1.35% ($5k) 11-month No Penalty CDInternet bank See review
The Vanguard Group Brokered CD1.60% 6-month non-callable CDIssued by CPB*
Fidelity Brokered CD1.60% 6-month non-callable CDIssued by CPB*
CIT Bank1.55% ($1k) 11-month No-Penalty CDinternet bank See review

Noteworthy Local Deals - Under 1-Year CDs

Ent Credit Union2.00% 7-month Certificate Special9 Colorado counties See review
Wright-Patt Credit Union1.77% ($100k), 1.67% ($500) 6-11 month Share Certificate Exclusive10 Ohio counties See review
Bankers Trust Company1.70% (base rate) 7-27 month Pick-A-Term CDIowa and Arizona See review
Sunstate Bank1.58% 7-month Promo CDSouth Florida See review

1-Year CD Rates

Live Oak Bank2.10% 1-year CDAccount review
Connexus Credit Union2.01% 12-month Share Certificate Easy membership Account review
Synchrony Bank2.00% 12-month CDInternet bank See review
ableBanking2.00% 12-month CDInternet bank See review
Advancial1.95% ($50k) 1-year Jumbo CertificateEasy membership Account review
USAlliance Financial1.87% 12-month Fixed Rate CertificateEasy membership Account review
TIAA Direct1.86% 12-month CDInternet bank See review
EverBank1.86% 1-year Yield Pledge CD Internet bank See review
M.Y. Safra Bank1.85% 12-month Online Promo CD See review
Banesco USA1.85% 12-month CDAccount review
KS StateBank1.85% ($100k) 1-year Jumbo CD Internet Only Special See review
Limelight Bank1.81% 12-month CDInternet bank See review
Marcus by Goldman Sachs1.80% 12-month High Yield CDInternet bank See review
DollarSavingsDirect1.80% 12-month CDInternet bank See review
My eBanc1.80% ($1.5k) 12-month Time Deposit See review
Crestmark Bank1.80% ($25k) 12-month CDAccount review
My eBanc1.80% ($100k) 12-month Jumbo Time Deposit See review
The Vanguard Group Brokered CD1.80% 1-year non-callable CDIssued by CB*
Fidelity Brokered CD1.80% 1-year non-callable CDIssued by CB, ENT, GSB*

Noteworthy Local Deals - 1-Year CDs

Community Financial Credit Union2.10% 13-month Promotional CDMichigan See review
Mercantil Commercebank2.05% 12-month Online CDFlorida and Texas See review
Wright-Patt Credit Union2.03% ($100k), 1.93% ($500) 12-17 month Share Certificate Exclusive10 Ohio counties See review
First Federal Savings Bank2.02% ($100k) 12-month EZ Access CD5 northern Indiana counties See review
Blackhawk Community Credit Union2.00% ($10k) 12-month Jumbo Share Certificate9 Wisconsin and 4 Illinois counties See review
Argentine Federal Savings2.00% 14-month CD SpecialKansas City metro area See review
The MINT National Bank1.90% 12-month Promotional CDGreater Houston metro area See review

18-month CD Rates

Navy Federal Credit Union2.25% ($50k max) 15-month CD SpecialMilitary connection See review
Live Oak Bank2.20% 18-month CDAccount review
MutualOne Bank2.12% 19-month Online CD See review
Advancial2.05% ($50k) 18-month Jumbo CertificateEasy membership See review
USAlliance Financial2.02% 18-month Fixed Rate CertificateEasy membership Account review
Service Credit Union2.00% 18-month Share Certificate SpecialMilitary relationship See review
Popular Direct2.00% ($10k) 18-month Popular Direct CDInternet bank
NASA Federal Credit Union1.95% 15-month Share Certificate SpecialEasy membership See review
USAlliance Financial1.92% 15-month Fixed Rate CertificateEasy membership Account review
ConnectOne Bank1.92% 18-month Personal CD Special See review
Veridian Credit Union1.91% 15-month Jumbo CD ($100k)Easy membership See review
DollarSavingsDirect1.90% 16-month CDInternet bank See review
InsBank1.90% 17-month CD See review
Fidelity Brokered CD1.90% 18-month non-callable CDIssued by GSB, MSB, WFB*
TIAA Direct1.90% 18-month CDInternet bank See review
EverBank1.90% 1.5-year Yield Pledge CDInternet bank See review
Banesco USA1.90% 18-month CDAccount review
Crestmark Bank1.90% ($25k) 18-month CDAccount review
KS StateBank1.90% ($100k) 18-month Jumbo CD Internet Only Special See review
The Vanguard Group Brokered CD1.90% 18-month non-callable CDIssued by GSB, MSB, WFB*
Limelight Bank1.86% 18-month CDInternet bank See review
Marcus by Goldman Sachs1.85% 18-month High Yield CDInternet bank See review
My e-Banc1.85% ($100k) 18-month Jumbo Time Deposit See review
Utah First Credit Union1.83% (2.70% ($50k) 60-month CD closed after 18 months)Easy membership
Ally Bank1.71% (2.35% High Yield 5-Year CD closed after 18 months)See review
Connexus Credit Union1.00% (3.00% 60-month Share Certificate closed after 18 months) Easy membership Account review

Noteworthy Local Deals - 18-Month CDs

Wright-Patt Credit Union2.14% ($100k), 2.04% ($500) 18-23 month Share Certificate Exclusive10 Ohio counties See review
Magnolia Bank2.05% 18-month CDKentucky See review
Farmers State Bank2.05% ($250k), 1.95% ($100k), 1.85% ($5k) 17-month CD Special3 northeast Iowa counties See review
Cedar Falls Community Credit Union2.01% 15-month Jumbo Certificate7 Iowa counties See review
United Federal Credit Union2.00% 16-month Share Certificate SpecialEMR for residents of AR, IN, MI, NV, NC, OH, and OK See review
Home Savings2.00% 18-month CD SpecialOhio and Beaver County, PA See review
Institution for Savings2.00% 18-month CDMassachusetts' North Shore See review
CoVantage Credit Union2.00% 20-month Certificate SpecialNortheast Wisconsin and Michigan's UP See review
First Federal Credit Union2.00% 20-month CD SpecialLinn County, Iowa See review

2-Year CD Rates

Live Oak Bank2.30% 2-year CDAccount review
Connexus Credit Union2.27% 24-month Share Certificate Easy membership Account review
Northern Bank Direct2.26% 24-month CD Internet bank See review
Fidelity Brokered CD2.25% 2-year non-callable CDIssued by GSB, WFB*
The Vanguard Group Brokered CD2.25% 2-year non-callable CDIssued by GSB, WFB*
KS StateBank2.15% ($100k) 2-year Jumbo CD Internet Only Special See review
Advancial2.14% ($50k) 2-year Jumbo CertificateEasy membership Account review
ConnectOne Bank2.12% 24-month CDSee review
USAlliance Financial2.12% 24-month Fixed Rate CertificateEasy membership Account review
Fort Knox Federal Credit Union2.10% 22-month CD SpecialEasy membership
Bank5 Connect2.10% 24-month CD w/additional depositsInternet bank See review
iGObanking2.10% 24-month iGOCDInternet bank Account review
BankPurely2.10% 24-month PurelyCDInternet bank See review
Utah First Credit Union2.05% (2.70% ($50k) 60-month CD closed after 2 years)Easy membership
Veridian Credit Union2.02% 25-month Jumbo CDEasy membership
DollarSavingsDirect2.00% 24-month CDInternet bank See review
Popular Direct2.00% ($10k) 2-year Popular Direct CDInternet bank See review
Crestmark Bank2.00% ($25k) 24-month CDAccount review
My e-Banc2.00% ($100k) 24-month Jumbo Time Deposit See review
Ally Bank1.87% (2.35% High Yield 5-Year CD closed after 2 years)See review
Connexus Credit Union1.51% (3.00% 60-month Share Certificate closed after 2 years) Easy membership Account review

Noteworthy Local Deals - 2-Year CDs

Financial One Credit Union2.40% 24-month CD Special Minneapolis area See review
Magnolia Bank2.30% 24-month CDKentucky See review
Blue Hills Bank2.25% 22-month Flexible CD Eastern Massachusetts See review
Northern Bank2.25% 24-month CDNew England See review
Patelco Credit Union2.25% 24-35 months Certificate 16 northern California counties See review
West End Bank2.20% 22-month CD Special Wayne and Union Counties, IN See review
Flushing Bank2.10% 24-month iGOCDNew York and New Jersey Account review
Independence Bank2.10% 24-month CDRhode Island and nearby areas See review

3-Year CD Rates

Navy Federal Credit Union2.75% 32-month IRA SpecialMilitary connection See review
The Vanguard Group Brokered CD2.40% 3-year non-callable CDIssued by GSB, WFB*
Fidelity Brokered CD2.40% 3-year non-callable CDIssued by GSB, WFB
Live Oak Bank2.35% 3-year CDAccount review
Bank VI2.31% ($95k max) 30-month CD
Connexus Credit Union2.30% 36-month Share Certificate Easy membership Account review
KS StateBank2.30% ($100k) 3-year Jumbo CD Internet Only Special See review
USAlliance Financial2.28% 36-month CertificateEasy membership Account review
Utah First Credit Union2.28% (2.70% ($50k) 60-month CD closed after 3 years)Easy membership
Veridian Credit Union2.27% ($100k) 39-month Jumbo Special CD Easy membership See review
Xceed Financial Credit Union2.25% 30-month CD Easy membership Account review
Fort Knox Federal Credit Union2.25% 35-month CD SpecialEasy membership
Third Federal Savings and Loan2.25% 39-month CD Special See review
Advancial2.24% ($50k) 3-year Jumbo CertificateEasy membership Account review
EBSB Direct2.21% 30-month CD Internet bank See review
TIAA Direct2.20% 36-month CDInternet bank See review
EverBank2.20% 3-year Yield Pledge CDInternet bank See review
Veridian Credit Union2.17% ($1k) 39-month Special CD Easy membership See review
Ally Bank2.04% (2.35% High Yield 5-Year CD closed after 3 years)See review
Connexus Credit Union2.04% (3.00% 60-month Share Certificate closed after 3 years) Easy membership Account review

Noteworthy Local Deals - 3-Year CDs

Maine Highlands Federal Credit Union3.04% 36-month CDPiscataquis County and 12 central Maine communities See review
BTH Bank2.64% 30-month Worry-Free CDTexas See review
Institution for Savings2.50% 30-month CDMassachusetts' North Shore See review
Home Savings2.50% 36-month CD SpecialOhio and Beaver County, PA See review
P1FCU2.50% 36-month CD12 Idaho, 11 Montana, 3 Oregon, and 2 Washington counties See review
Mercantil Commercebank2.40% 36-month Online CDFlorida and Texas See review
Teachers Federal Credit Union2.35% 30-month CDNassau and Suffolk Counties, New York See review
Farmers State Bank2.35% ($250k), 2.25% ($100k), 2.15% ($5k) 34-month CD Special3 northeast Iowa counties See review
HAB Bank2.30% 36-month CD SpecialNYC metro area and Northern New Jersey See review
Bankers Trust Company2.30% (base rate) 40-month Promo CDCedar Rapids/Des Moines, IA and Phoenix, AZ See review
Triangle Credit Union2.25% 35-month CD Special5 NH and 4 MA counties See review
Metro Credit Union2.25% 36-month CD8 eastern Massachusetts counties See review
Florida Credit Union2.25% 37-month CD Special30 north and central Florida counties See review

4-Year CD Rates

Northern Bank Direct2.51% 48-month CD Internet bank See review
Hanscom Federal Credit Union2.50% 48-month Certificate w/Premier CheckingEasy membership See review
Fidelity Brokered CD2.50% 4-year non-callable CDIssued by 3rd FED, MSB, WFB*
KS StateBank2.40% 4-year CD Internet See review
NASA Federal Credit Union2.40% 49-month Share Certificate SpecialEasy membership See review
Utah First Credit Union2.39% (2.70% ($50k) 60-month CD closed after 4 years)Easy membership
Advancial2.37% ($50k) 4-year Jumbo CertificateEasy membership Account review
Michigan State University Federal Credit Union2.36% ($100k) 4-year Jumbo CDEasy membership Account review
United States Senate Federal Credit Union2.31% ($60k), 2.24% ($20k), 2.18% ($1k) 48-60 month CDEasy membership
Live Oak Bank2.30% 4-year CDAccount review
TIAA Direct2.30% 48-month CDInternet bank See review
EverBank2.30% 4-year Yield Pledge CDInternet bank See review
Connexus Credit Union2.30% (3.00% 60-month Share Certificate closed after 4 years) Easy membership Account review
USAlliance Financial2.28% 48-month CertificateEasy membership Account review
American Heritage Federal Credit Union2.26% 48-month Share Certificate Easy membership See review
M.Y. Safra Bank2.25% 48-month Online Promo CD See review
Latino Credit Union2.25% 48-month CD Easy membership See review
Barclays2.25% 48-month Online CD Account review
State Farm Bank2.25% 49-month CD Special See review
Ally Bank2.12% (2.35% High Yield 5-Year CD closed after 4 years)See review

Noteworthy Local Deals - 4-Year CDs

Water and Power Community Credit Union3.00% ($10k) 48-month CDGreater Los Angeles See review
Tech Credit Union2.68% ($100k) 50-month Jumbo Compound CD4 NW Indiana and 2 NE Illinois counties See review
P1FCU2.65% 48-month CD12 Idaho, 11 Montana, 3 Oregon, and 2 Washington counties See review
Union Bank and Trust2.57% ($25k), 2.47% ($1k) 48-month CD SpecialNebraska and Kansas See review
Tech Credit Union2.55% 50-month Premium Compound CD4 NW Indiana and 2 NE Illinois counties See review
Pelican State Credit Union2.51% 48-month CDRapides Parish, LA; EMR in AR, LA, MS, TX See review
Northern Bank2.51% 48-month CDNew England See review
Deere Employees Credit Union2.50% 48-month Share CertificateEmployees and retirees of Deere & Company See review
Institution for Savings2.50% ($250k) 4-year Money Market CD (also requires $250K in MMA)Parts of Massachusetts

5-Year CD Rates

Connexus Credit Union3.00% 60-month Share Certificate Easy membership Account review
United States Senate Federal Credit Union2.76% ($60k), 2.70% ($20k), 2.63% ($1k) 60-month CDEasy membership
Utah First Credit Union2.70% ($50k), 2.60% ($500) 60-month CDEasy membership
Hope Federal Credit Union2.69% ($95k) 60-month Jumbo Share Certificate
Fidelity Brokered CD2.65% 5-year non-callable CDIssued by GSB, WFB*
The Vanguard Group Brokered CD2.65% 5-year non-callable CDIssued by GSB, WFB*
Mountain America Credit Union2.60% 5-year Term DepositEasy membership
Mountain America Credit Union2.60% ($100k max) 5-year Term Deposit Plus (unlimited additional deposit)Easy membership
American Heritage Federal Credit Union2.60% 60-month Share Certificate Account review
Michigan State University Federal Credit Union2.56% ($100k) 5-year Jumbo CDEasy membership Account review
Live Oak Bank2.55% 5-year CDAccount review
Utah First Federal Credit Union2.55% 60-month CDEasy membership See review
State Bank of India (IL)2.53% ($50k) 5-year Senior Citizens CD
Garden Savings Federal Credit Union2.53% 5-year Share CertificateEasy membership Account review
Advancial2.53% ($50k) 5-year Jumbo CertificateEasy membership Account review
Langley Federal Credit Union2.53% (w/Active Rewards), 2.43% (w/o Active Rewards) 60-month CDEasy membership Account review
Third Federal Savings and Loan2.50% 60-month CDSee review
DollarSavingsDirect2.50% 60-month CDInternet bank See review
Marcus by Goldman Sachs2.50% 5-year High Yield CD
Kinecta Federal Credit Union2.50%($100k) 5-year Jumbo Share CertificateEasy membership See review
State Bank of India2.47% ($100k) 5-year Senior Citizens CD See review
Barclays2.45% 60-month Online CD Account review
Capital One2.45% 60-month 360 CDInternet bankAccount review

Noteworthy Local Deals - 5-Year CDs

P1FCU2.75% 60-month CD12 Idaho, 11 Montana, 3 Oregon, and 2 Washington counties See review
First Financial Credit Union2.75% 60-month Share CertificateActive/retired members of the California Teachers Association See review
BMO Harris Bank2.74% (blended) 5-year Step RateCDAZ, FL, IL, IN, KS, MN, MO, WI See review
Union Bank and Trust2.73% ($25k), 2.63% ($1k) 60-month CD SpecialNebraska and Kansas See review
Pelican State Credit Union2.71% 60-month CDRapides Parish, LA; EMR in AR, LA, MS, TX See review

Over 5-Year CD Rates

The Vanguard Group Brokered CD2.80% 10-year non-callable CDIssued by GSB, SYN*
Fidelity Brokered CD2.80% 10-year non-callable CDIssued by GSB, SYN*
The Vanguard Group Brokered CD2.75% 7-year non-callable CDIssued by SYN*
Fidelity Brokered CD2.75% 7-year non-callable CDIssued by SYN*
Apple Federal Credit Union2.60% 120-month CD
Marcus by Goldman Sachs2.55% 6-year High Yield CD
KS StateBank2.55% 7-year CD See review
Air Force Federal Credit Union2.50% 7-year Share CertificateEasy membership Account review

Noteworthy Local Deals - Over 5-year CDs

Indiana Members Credit Union3.04% 84-month CDCentral Indiana Account review
EFCU Financial3.00% 84-month Super 7 Variable Rate CD9 Louisiana parishes Account review
The First National Bank of Long Island3.00% 10-year CDLong Island, NYC, Brooklyn, and Queens Account review
Afena Credit Union3.00% ($100k) 84-months Share CertificateGrant and Wabash Counties, IN
Credit Human (formerly San Antonio Federal Credit Union)2.85% 120-month Share CertificateSan Antonio, TX
The First National Bank of Long Island2.75% 7-year CDLong Island, NYC, Brooklyn, and Queens Account review

*3rd FED (Third Federal S&L), CB (Cathay Bank), CPB (Compass Bank), ENT (Entegra Bank), GSB (GS Bank), MSB (Morgan Stanley Bank), PATB (Patriot Bank), SYN (Synchrony Bank), WFB (Wells Fargo Bank)

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

Third Federal Savings and Loan2.15% 49-month CD Special See review

CDs Removed, No Longer Available - Local

Ferguson Federal Credit Union2.00% 24-month CD Special 12 southwest Mississippi counties See review
MIDFLORIDA Credit Union3.00% ($100k max) 5-year Celebration Certificate34 central Florida counties See review

CDs Removed, Rate Too Low - National

Veridian Credit Union1.51% 9-month CD SpecialEasy membership Account review
DollarSavingsDirect1.50% 6-month CDEasy membership See review
Northpointe Bank1.50% ($25k-$1m, guaranteed for 1 year) Ultimate Money Market - Account review
First Internet Bank1.76% 12-month CDInternet bank See review
CD Bank1.75% 12-month CDAccount review
INOVA Federal Credit Union1.75% 14-month CertificateEasy membership Account review
IncredibleBank1.72% 12-month IB CDAccount review
SallieMae Bank1.80% 12-month CDAccount review
State Bank of India1.71% ($100k) 12-Month Senior Citizens CD See review
Ally Bank1.70% ($25k) 12-month High Yield CDInternet bank See review
Colorado Federal Savings Bank1.70% 1-year CD See review
CapEd Credit Union1.70% 12-months Promotional Share Certificate Easy membership See review
TAB Bank1.70% 12-month CD Internet bank See review
Ally Bank1.60% ($25k), 1.35% ($5k) 11-month No Penalty CDInternet bank See review
Veridian Credit Union1.81% 15-month CD SpecialEasy membership See review
First Internet Bank1.81% 18-month CDInternet bank See review
CD Bank1.80% 18-month CDAccount review
Ally Bank1.80% High Yield 18-month CDSee review
Colorado Federal Savings Bank1.79% 18-month CD See review
EBSB Direct1.78% 20-month CD Internet bank See review
TAB Bank1.77% 18-month CD Internet bank See review
PenFed Credit Union1.77% 18-month Money Market CertificateEasy membership See review
Northpointe Bank1.75% 17-month CD SpecialSee review
Capital One1.75% 18-month 360 CDInternet bankAccount review
Bank5 Connect1.75% ($100k max) 18-month Special Rate CD Internet bankSee review
First Internet Bank1.92% 24-month CDInternet bank See review
Veridian Credit Union1.91% 25-month Special CDEasy membership
CapEd Credit Union1.90% 24-months Promotional Share Certificate Easy membership See review
IncredibleBank1.87% 24-month IB CDAccount review
Popular Direct2.15% ($10k) 3-year Popular Direct CDInternet bank
My eBanc2.10% ($1.5k) 36-month Online Time Deposit See review
My eBanc2.10% ($100k) 36-month Jumbo Time Deposit See review
IncredibleBank2.07% 46-month IB CDAccount review
Capital One2.20% 48-month 360 CDInternet bankAccount review
First Internet Bank2.20% 48-month CDInternet bank See review
Bethpage Federal Credit Union2.10% 48-month CertificateEasy membership See review
Mountain America Credit Union2.10% 4-year Term DepositEasy membership
Hope Federal Credit Union2.43% ($1k) 60-month Share Certificate
State Bank of India (IL)2.43% 5-year CD
CapEd Credit Union2.40% 60-months Promotional Share Certificate Easy membership See review
Signal Financial Federal Credit Union2.40% 60-month CDEasy membership Account review
Popular Direct2.40% ($10k) 5-year Popular Direct CDInternet bank
Ally Bank2.35% ($25k) 5-year High Yield CD Internet bank See review
SallieMae Bank2.35% 60-month CDAccount review
Synchrony Bank2.35% ($25k), 2.30% ($2k) 60-month CDInternet bank See review
Navy Federal Credit Union2.45% ($100k), 2.35% ($1k) 7-year CDMilitary relationship See review
Northrop Grumman Federal Credit Union2.44% ($40k) 84-month Bonus Term CDEasy membership
Discover Bank2.40% 10-year CD

CDs Removed, Rate Too Low - Local

Maine Highlands Credit Union1.51% 6-month IRA CertificatePiscataquis County and 12 central Maine communities See review
Blue Gate Bank1.51% ($25k) MMA (rate guarantee through 1/31/2018Southern California See review
MountainOne Bank1.50% 8-month CD Special Massachusetts See review
United Bank1.46% Online Advantage MMA (6-month rate guarantee)25 states See review
PathFinder Bank1.40% High Yield Market Promo (12 month rate guarantee) 14 central New York counties See review
First Bank & Trust1.84% ($100k) 14-month Jumbo CD SpecialChicago See review
Sunstate Bank1.78% 13-month Promo CDSouth Florida See review
Bayer Heritage Federal Credit Union1.77% 12-23 months Share Certificate2 West Virginia, 2 South Carolina, 4 Ohio counties, Bayer Corp employees See review
HAB Bank1.76% 12-month CD SpecialSouthern California See review
P1FCU1.76% 12-month Share Certificate Special11 Idaho and 2 Washington counties
HAB Bank1.75% 12-month CD SpecialNYC metro area and Northern New Jersey See review
University of Iowa Community Credit Union1.75%($100k), 1.65% ($1k) 13-month CD Special All of Iowa and 4 Illinois counties, University of Iowa relationship See review
Idaho Central Credit Union1.75% 1-year Freedom CD27 Idaho and one Nevada counties See review
Solidarity Community Credit Union1.75% 13-month CD SpecialNorth Central Indiana See review
Dollar Bank1.75% ($25k) 13-month CDPennsylvania, Ohio, and Virginia See review
Red Rocks Credit Union1.75% ($100k) 12-month Share CertificateEasy membership for Colorado residents See review
Mutual Federal Bank1.71% 11-month Certificate Special Chicago metro area See review
First Bank & Trust1.70% ($1k) 14-month Jumbo CD SpecialChicago See review
Dart Bank1.96% 18-month CD Special3 mid-Michigan counties See review
HAB Bank1.90% 18-month CD SpecialNYC metro area and Northern New Jersey See review
Michigan Schools and Government Credit Union1.85% 18-month CDMichigan's Lower Peninsula See review
Independence Bank1.85% 18-month CDRhode Island and nearby areas See review
Evergreen Bank Group1.85% ($10k) 18-month CD Special Chicago metropolitan area See review
IH Mississippi Valley Credit Union1.81% 15-month CD Special25 Illinois and 17 Iowa counties See review
Isabella Bank1.80% ($10k), 1.55% ($500) 15-month Bump-Up CD Special7 mid-Michigan counties See review
PathFinder Bank1.80% 17-month Fall CD Special14 central New York counties See review
Hanover Community Bank1.80% 18-month CD Nassau, Suffolk, Queens, and Kings Counties, NY See review
National Bank of New York City1.80% 18-23 month CDNYC, Long Island, Westchester See review
Icon Credit Union1.80% 18-month CD Special7 Idaho and 2 Oregon counties See review
First United Credit Union1.80% 18-month CD Special (checking relationship)23 West Michigan counties See review
Members Choice Credit Union1.80% ($50k),1.70% ($500) 18-month CD Special Houston, Texas area See review
Washington Trust1.80% 18-month CD w/checkingRhode Island, Connecticut, Massachusetts See review
HAB Bank2.08% 24-month CD SpecialSouthern California See review
Quabbin Online Credit Union2.07% 24-month High Yield CD3 western Massachusetts counties See review
AAC Credit Union2.05% 25-month Autum CD Special6 west Michigan counties See review
Evergreen Bank Group2.05% ($10k) 24-month CD Special Chicago metropolitan area See review
Harleysville Bank2.01% 24-month CDsoutheastern Pennsylvania See review
Collins Community Credit Union2.01% ($250k), 1.96% ($100k), 1.91% ($50k) 28-month CD Special 38 eastern Iowa counties See review
Idaho Central Credit Union2.00% 2-year Freedom CD27 Idaho and one Nevada counties See review
Greater Hudson Bank2.00% ($10k) 24-month CDOrange, Rockland, and Westchester Counties, NY See review
Red Rocks Credit Union2.00% ($100k) 24-month Share CertificateEasy membership for Colorado residents See review
Dollar Bank2.00% ($25k) 25-month Traditional CDSW Pennsylvania, NE Ohio, Hampton Roads, Virginia See review
TCF Bank2.00% 26-month Promotional CDAZ, CO, IL, MI, and WI See review
Pawtucket Credit Union2.00% ($25k) 25-month CDRhode Island, nearby Massachusetts and Connecticut towns See review
American Eagle Financial Credit Union1.65% 18-month CD w/checking 4 Connecticut counties See review
SouthEast Bank1.61% 24-month CD Special East and Middle Tennessee See review
Community National Bank & Trust of Texas0.85% 23-month CDNorth and Central Texas See review
Enterprise Bank2.22% 30-month CDMassachusetts and New Hampshire See review
IH Mississippi Valley Credit Union2.22% 39-month CD Special25 Illinois and 17 Iowa counties See review
BMO Harris Bank2.25% (blended) 3-year Step Rate CDAZ, FL, IL, IN, KS, MN, MO, WI See review
East Boston Savings Bank2.21% 30-month CDBoston metropolitan area See review
National Bank of New York City2.20% 36-41 month CDNYC, Long Island, Westchester See review
University of Iowa Community Credit Union2.15%($100k), 2.05% ($1k) 35-month CD Special All of Iowa and 4 Illinois counties, University of Iowa relationship See review
Members Choice Credit Union2.10% ($50k) 36-month Jumbo CDHouston area (TX) See review
Citadel2.10% 36-month CD Special 5 southeast Pennsylvania counties See review
University of Iowa Community Credit Union2.45%($100k), 2.35% ($1k) 45-month CD Special All of Iowa and 4 Illinois counties, University of Iowa relationship See review
Rhinebeck Bank2.43% ($10k), 2.17% ($2k) 48-month CDDutchess, Orange, and Ulster Counties, NY See review
Red Rocks Credit Union2.42% ($100k) 48-month Share CertificateEasy membership for Colorado residents See review
Jefferson Financial Credit Union2.38% ($10k) 48-month Share Certificate4 Louisiana Parishes See review
BMI Federal Credit Union2.37% 49-months CD8 central Ohio counties See review
Phoenixville Federal Bank & Trust2.35% 49-50 month Growth Certificate5 southeast Pennsylvania counties See review
IH Mississippi Valley Credit Union2.32% 48-month CD18 Illinois and 10 Iowa counties See review
Mid America Bank2.31% 48-month CDKansas See review
Knoxville TVA Employees Credit Union2.60% 60-month Certificate Special8 east Tennessee counties See review
American United Federal Credit Union2.60% 60-month CD (includes 0.10% rate increase)Salt Lake and Tooele Counties, Utah See review
Cyprus Credit Union2.60% 60-month CD and Dream CD Utah See review
Shell Federal Credit Union2.60% ($50k), 2.55% ($50) 60-month Share CertificateHarris County, Texas See review
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

Post Publication Edits

1/17/2017: Live Oak Bank CD rates increased.

Related Pages: 1-year CD rates, 5-year CD rates, nationwide deals, Internet banks
Comments
pencilpusher
pencilpusher   |     |   Comment #1
Finally. An accessible 3%. Now we are talking.
Inflation Hawk
Inflation Hawk   |     |   Comment #2
The actual inflation rate as measured by the non-seasonally adjusted CPI-U actually went down 0.1%. The trailing 12 month inflation rate went down to 2.1% in December (down from 2.2%).

That's bad news for TIPS since their principal value will decline accordingly. This will also negatively impact the iBond variable rate when it is reset in May (unless the next 4 months are inflationary).

Navy's 15 month CD special at 2.25% beats rear view mirror inflation. With a term that short, it's more attractive than purchasing TIPS or iBonds.

Right now, it's pretty easy to beat inflation with relatively short-term CD's. And, you're losing less than one percent with a good savings account.
Deplorable 1
Deplorable 1   |     |   Comment #3
I'm actually staying shorter term with CD's as in 3 years or less because rates are rising so quickly on short term CD's and savings accounts. The stock market keeps making record highs and the economy is really starting to take off. I just wish the media in this country would focus on that rather than the constant Trump bashing. It's tough listening to all that nonsense when things are doing so well.
Fake Stupidity
Fake Stupidity   |     |   Comment #4
What's so confusing is that the day before the real donald was inaugurated, he claimed all economic data is false. The day after, everything was accurate.

Partisanship is the biggest problem in America, but the absolute lack of any attempt by the president to understand basic issues is a new low.
Bogie
Bogie   |     |   Comment #5
Your right, Deplorable 1. And it's amazing how stubbornly reluctant our banks and CUs are to raise their rates to 5yr@3% CDs. Accept for Connexus CU and a few others with very limited membership areas.

The outlook for the economy is certainly looking up since Donald Trump became our President. The employment figures and certainly the stock market are proof of that. Now if the liberals would stop trying to stonewall him on every issue.............our whole country would charge ahead.
Bozo
Bozo   |     |   Comment #7
Deplorable 1, I would agree the "sweet spot" in CDs these days is short-term. A 12-month CD for 2% seems optimal. Granted, after taxes and inflation, a real return is impossible. The key is to lose less on the fixed-income side, and take risk in equities.
pencilpusher
pencilpusher   |     |   Comment #8
The sooner we realize this is not Trumps policy, the better. Granted his "cheery, business-centric" attitude is affecting the markets. But that is it. It doesn't take much blowing of sunshine into nether-regions to appease markets. And this will not last much longer. Read into this what you like.
deplorable 1
deplorable 1   |     |   Comment #10
Exactly Bozo, that's my strategy 2.5-3% in short term CD's and a possible 20% in the market. If I average 10% overall I'm beating inflation by a large amount.
Richard
Richard   |     |   Comment #6
And the rates continue to rise! Since noon today Fidelity has been offering new issue, non-callable, brokered CDs by Wells Fargo Bank at 2.55% (4-year term), 2.50% (3-year term), 2.30% (2-year term) and 2.00% (18-month term).
DCGuy
DCGuy   |     |   Comment #9
Passbook rates were at 5.25% nearly 50 years ago. I remember walking into a local savings and loan to open an account. Food and stuff cost a lot less than they do now (even gas was 35 cents a gallon back then).
deplorable 1
deplorable 1   |     |   Comment #12
@DCGuy: Hopefully we can get back there again. It will only happen if we end all these government handout programs and start paying down the debt. The 0% high debt Keynesian experiment was a colossal failure and caused the economy to stagnate. Not to mention pushed retired seniors into high risk investments to seek yield and reverse mortgages to maintain their lifestyle. The problem is than people have now become permanently brainwashed and dependent on government social programs. The government was never intended to be a charity in the first place.
tellitlikeitis
tellitlikeitis   |     |   Comment #11
It would be nice if a category for no penalty CD's would be included here