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CD Rates Summary January 17, 2017

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CD Rates Summary January 17, 2017

Unlike last year at this time, we continue to be on the road to higher interest rates. We had high hopes in December 2015 after the first Fed rate hike since the financial crisis, but that hope faded halfway through the month of January 2016 when the stock markets tanked and worries of a recession grew. The four Fed rate hikes for 2016 that were suggested by the Fed’s December 2015 projections never happened. Instead, we just got one Fed rate hike last month.

In last month’s Fed meeting, the economic projections suggested three rate hikes in 2017. That still appears to be a reasonable bet. According to this Wall Street Journal article:

Five of the 12 regional Fed presidents have said in the past week they see between two and four quarter-percentage-point rate increases this year, and most of them said they were comfortable with the possibility of three.

Of course, this depends on a growing economy with falling unemployment and rising inflation. As we saw last year, it doesn’t take much bad economic news for the Fed to postpone rate hikes. If the two vacant seats on the Fed’s Board of Governors are filled with inflation hawks, that could help speed up the rate hikes. Even in that case, we will probably be lucky to see three or four rate hikes this year.

Most Treasury yields decreased slightly from last week with the 10-year and 5-year yields falling the most (5 basis points). This is the third week in a row in which most Treasury yields fell.

The chance of more Fed rate hikes in 2017 went down slightly from last week according to the Fed funds future contracts. Like Treasury yields, this has been a trend for this year. The futures show about a 64% chance that there will be at least two Fed rate hikes in 2017. This is down from 66% last week.

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

Treasury Yields:

  • 1-month: 0.52% up from 0.51% last week
  • 6-month: 0.62% up from 0.60% last week
  • 2--year: 1.17% down from 1.19% last week
  • 5--year: 1.84% down from 1.89% last week
  • 10-year: 2.33% down from 2.38% last week
  • 30-year: 2.93% down from 2.97% last week

Fed funds futures' probabilities of future rate hikes by:

  • Mar 2017 - at least one hike: 15.1% down from 19.4% last week
  • Mar 2017 - at least two hikes: 0.3% down from 0.4% last week
  • Jun 2017 - at least one hike: 65.3% up from 64.9% last week
  • June 2017 - at least two hikes: 16.4% down from 18.3% last week
  • Dec 2017 - at least one hike: 91.5% down from 92.1% last week
  • Dec 2017 - at least two hikes: 63.9% down from 66.2% last week

Certificate of Deposit Rates

Even though Treasury yields have been inching downward in the last couple of weeks, brokered CD rates have held steady. Brokered CD rates often are the first CDs to respond to changing Treasury yields. That was seen after the election and after the last Fed rate hike. Fidelity’s top new issue 5-year CD rate increased from 1.80% on November 8th, to 2.10% on December 6th, to 2.30% as of today. Fidelity’s top new issue 10-year CD rate increased from 2.20% on November 8th, to 2.75% on December 6th, to 3.00% as of today.

With the holidays over, I was expecting to see a pickup on direct CD rates, but there continues to be no major upward movement. However, there are a few bright spots.

Two internet banks that have been increasing their CD rates this year are EverBank and Popular Direct. For 1-year CDs, EverBank holds the top spot for internet banks with a 1.36% APY. Popular Direct is just behind with a 1.35% APY. For 5-year CDs, EverBank and Popular Direct are tied with a 2.28% APY. Coincidentally, these are about the same rates PenFed Credit Union is offering.

The top nationally available 5-year CD rate for a balance under $100k is 2.50% APY. This is available at the California-based SafeAmerica Credit Union which has easy membership requirements. One downside with this credit union is that it doesn’t have federal deposit insurance from the NCUA. Instead, it has private deposit insurance from ASI.

Navy Federal Credit Union continues to offer the best short-term CD deal: 2.00% APY 17-month add-on CD with a $50k maximum deposit. If you have ignored Navy Fed in the past due to its military membership requirements, you may want to give it another try. A new way to qualify for membership has been identified (see 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 January 17, 2017

Under 1-Year CD Rates

The Palladian PrivateBank1.30% Savings Account promo 6-month rate ($10K min/$500K max)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

Bankers Trust Company1.40% 7-27 month Special CD Rate PromoIowa See review
Geauga Savings Bank1.40% ($25k) 7-month CD Special w/checking3 northeast Ohio counties 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
Family First Credit Union1.25% Money Market Platinum (6 month rate guarantee)Monroe County and portions of Wayne County, NY See review
Mercantil Commercebank, N.A.1.20% ($10k min) 7-month Smart CD South Florida and Houston, Texas area See review
Geauga Savings Bank1.20% ($25k) 7-month CD Special w/o checking3 northeast Ohio counties See review
Bellwether Community Credit Union1.20% 9-month Certificate SpecialNew Hampshire 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
People's Credit Union1.15% 10-month CD SpecialRhode Island and nearby areas 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

UNIFY Financial Credit Union1.50% (2.00% 60-month Share Certificate closed after 1 year)Easy membership requirements
Melrose Credit Union1.41% 1-year CD
Northwest Federal Credit Union1.41% ($250k), 1.31% ($100k) 1-year CD Easy membership See review
Connexus Credit Union1.40% ($25k) 12-month Share Certificate w/checkingEasy membership
Kirtland Federal Credit Union1.40% ($200k) 12-month Share CertificateLimited membership, military relationship See review
SafeAmerica Credit Union1.40% 14-month CD Special Easy membership See review
PenFed Credit Union1.36% 1-year Money Market CertificateEasy membership See review
EverBank1.36% 1-year Yield Pledge CD Internet bank See review
Popular Direct1.35% ($10k) 1-year Popular Direct CDInternet bank
State Bank of Texas1.35% ($100k) 1.25% ($25k) 12-month CD See review
Banesco USA1.35% ($250k) 1.30% ($1.5k) 12-month CD
VirtualBank1.31% 12-month CD See review
Connexus Credit Union1.30% ($25k) 12-month Share Certificate w/o checkingEasy membership
Live Oak Bank1.30% 1-year CDInternet bank See review
TAB Bank1.26% 12-month CD See review
Colorado Federal Savings Bank1.25% 1-year CDInternet bank
Sallie Mae Bank1.25% 12-month CD
Synchrony Bank1.25% 12-month CD

Noteworthy Local Deals - 1-Year CDs

Florida Credit Union1.76% 12-month CD Special 27 Florida counties See review
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
Freedom Federal Credit Union1.50% 52-week Jumbo Certificate ($25k)Harford County, Maryland See review
Idaho Central Credit Union1.50% 12-month Promo CDIdaho
Hartford Municipal Employees Credit Union1.50% 14-month Share CertificateHartford, CT See review
Texas Exchange Bank, SSB1.46% 12-month CDTexas See review
South Shore Bank1.40% 14-month Rewards CDMassachusetts
Bellwether Community Credit Union1.40% 13-month Certificate SpecialNew Hampshire See review
American Eagle Bank of Chicago1.35% SUPER Saver 13-month Add-On CD SpecialChicago metro area
First American International Bank1.35% ($100k) 13-month New Year CD Special New York City See review

18-month CD Rates

Navy Federal Credit Union2.00% ($50k max) Special 17-month Certificate w/add-on depositsEasy membership See review
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
UNIFY Financial Credit Union1.58% (2.00% 60-month Share Certificate closed after 18 months)Easy membership requirements
USALLIANCE Financial1.51% 15-month CD Special ($100k max)Easy membership
Veridian Credit Union1.50% 15-month CD SpecialEasy membership See review
Service Credit Union1.50% 20-month Certificate Special Limited membership See review
NuVision Federal Credit Union1.48% (2.20% 5-year Certificate ($100k) closed after 18 months)Easy membership requirements See review
PenFed Credit Union1.41% 15-month Money Market CertificateEasy membership See review
Lake Michigan Credit Union1.40% 18-month CD SpecialEasy membership
EverBank1.40% 1.5-year Yield Pledge CD Internet bank See review
Popular Direct1.40% ($10k) 18-month Popular Direct CDInternet bank
Banesco USA1.40% ($250k) 1.35% ($1.5k) 18-month CD

Noteworthy Local Deals - 18-Month CDs

IntegrUS Credit Union1.71% ($50k) 15-month Share Certificate Special 11 Iowa, 2 Wisconsin, and 1 Illinois counties See review
Ascentra Credit Union1.70% 17-month CD Special 13 Iowa and 8 Illinois 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
Lincoln 1st Bank1.65% 18-month Variable Rate CDNorthern New Jersey See review
Farmers State Bank1.62% 15-month CD3 NE Iowa counties
Collins Community Credit Union1.61% ($250k), 1.56% ($100k), 1.51% ($50k) 15-month CD Special 38 eastern Iowa counties
Texas Exchange Bank, SSB1.61% 18-month CDTexas See review
Cedar Falls Community Credit Union1.55% 15-month Special Share Certificate7 Iowa counties See review
First American International Bank1.55% ($100k) 19-month New Year CD Special New York City See review
New Dimensions Federal Credit Union1.51% 15-month Share CertificateKennebec and Somerset Counties, Maine See review
CoVantage Credit Union1.50% 15-month CD Special19 NE Wisconsin counties and 1 Michigan UP counties See review
Walpole Co-operative Bank1.50% 15-month CD SpecialWalpole, Massachusetts area See review
Norwood Bank1.50% 16-month CD SpecialMassachusetts See review

2-Year CD Rates

UNIFY Financial Credit Union1.76% (2.00% 60-month Share Certificate closed after 2 years)Easy membership requirements
Kirtland Federal Credit Union1.72% ($200k) 24-month Share CertificateLimited membership, military relationship See review
Hughes Federal Credit Union1.71% ($99k) 29-month CD Easy membership See review
NuVision Federal Credit Union1.66% (2.20% 5-year Certificate ($100k) closed after 2 years)Easy membership requirements 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
Connexus Credit Union1.60% ($25k) 24-month Share Certificate w/checkingEasy membership
Bellco Credit Union1.60% ($100k) 28-month Jumbo CDEasy membership See review
Nationwide Bank1.56% ($100k) 2-year CD See review
Veridian Credit Union1.55% 25-month Special CDEasy membership
Chevron Federal Credit Union1.55% ($250k) 2-year SuperShare 250 CD See review
Popular Direct1.52% ($10k) 2-year Popular Direct CDInternet bank
PenFed Credit Union1.51% 2-year Money Market CertificateEasy membership See review
VirtualBank1.51% 2-year CD See review
Melrose Credit Union1.51% 2-year CD
Elements Financial1.51% (2.01% 5-year CD closed after 2 years)Easy membership
Capital One 3601.51% (2.00% 60-month CD closed after 2 years)

Noteworthy Local Deals - 2-Year CDs

IntegrUS Credit Union2.12% ($125k) 27-month Share Certificate Special 11 Iowa, 2 Wisconsin, and 1 Illinois counties See review
Collins Community Credit Union2.12% ($250k), 2.06% ($100k), 2.01% ($50k) 28-month CD Special 38 eastern Iowa counties
Institution for Savings2.00% 24-month CDMassachusetts' North Shore See review
First Federal Credit Union2.00% 29-month CD SpecialLinn County, Iowa See review
Greater Iowa Credit Union1.81% 27-month CD Special33 Iowa counties See review
Farmers State Bank1.80% 29-month CD3 NE Iowa counties
First American International Bank1.75% ($100k) 26-month New Year CD Special New York City See review
Idaho Central Credit Union1.75% 24-month Promo CDIdaho
Horizon Credit Union1.71% 26-month Special CertificateWashington, 8 Idaho and 14 Montana countiesSee review
Bellwether Community Credit Union1.70% 22-month Certificate SpecialNew Hampshire See review
Texas Exchange Bank, SSB1.69% 24-month CDTexas See review
Cornhusker Bank1.66% 29-month CD SpecialLancaster County, Nebraska See review
First Service Credit Union1.65% ($50k) 24-month CertificateHarris and Waller Counties, Texas See review
First Financial Credit Union1.625% 24-month Regular CD California Teachers Association affiliation See review
F & A Credit Union1.61% 24-35 month Term Share Certificate City and County employees in Southern California
Advia Credit Union1.60% 22-month Promo CD 68 Michigan, 7 Wisconsin, and 1 Illinois counties See review
Cedar Falls Community Credit Union1.60% 25-month Special Share Certificate7 Iowa counties See review
Community First Bank1.60% 29-month CD Special21 western Pennsylvania counties
IH Mississippi Valley Credit Union1.56% 24-month CD Quad Cities area, IL and IA
Achieva Credit Union1.55% ($75k) 24-month IRA 10 Florida counties See review
Spokane Teachers Credit Union1.51% 24-36 month CertificateWashington State and 8 Idaho counties See review

3-Year CD Rates

Kirtland Federal Credit Union2.07% ($200k) 36-month Share CertificateLimited membership, military relationship See review
Hughes Federal Credit Union1.87% ($99k), 1.76% ($50k), 1.66% ($1k) 36-month CDEasy membership
NuVision Federal Credit Union1.85% (2.20% 5-year Certificate ($100k) closed after 3 years)Easy membership requirements See review
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
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
PenFed Credit Union1.71% 3-year Money Market CertificateEasy membership See review
EverBank1.71% 3-year Yield Pledge CD Internet bank
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
Capital One 3601.68% (2.00% 60-month CD closed after 3 years)
Melrose Credit Union1.66% 3-year CD
Popular Direct1.65% ($10k) 3-year Popular Direct CDInternet bank

Noteworthy Local Deals - 3-Year CDs

Institution for Savings2.25% 36-month CDMassachusetts' North Shore See review
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
1st Gateway Credit Union2.05% 40-month CD SpecialEastern Iowa, Western Illinois
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
Vibrant Credit Union2.00% 33-month CD SpecialIowa, Illinois Quad Cities area
Financial One Credit Union2.00% 40-month Share Certificate SpecialAnoka County, MN; northeast Minneapolis area See review
Gulf Coast Credit Union1.95% 36-month Share CertificateJim, Nueces, and San Patricio Counties, TX
Mid-Minnesota Federal Credit Union1.93% 36-month Fast Forward Time Share9 Minnesota counties See review
First Service Credit Union1.85% ($50k) 36-month CertificateHarris and Waller Counties, Texas See review

4-Year CD Rates

Kirtland Federal Credit Union2.38% ($200k) 48-month Share CertificateLimited membership, military relationship See review
Bay State Savings Bank2.00% 48-month CD
Latino Credit Union2.00% 48-month CD Easy membership See review
NASA Federal Credit Union2.00% 49-month CD Special
NuVision Federal Credit Union1.94% (2.20% 5-year Certificate ($100k) closed after 4 years)Easy membership requirements See review
Melrose Credit Union1.91% 4-year CD
PenFed Credit Union1.87% 4-year Money Market CertificateEasy membership See review
EverBank1.87% 4-year Yield Pledge CDInternet bank See review
UNIFY Financial Credit Union1.84% (2.00% 60-month Share Certificate closed after 4 years)Easy membership requirements
SelfHelp Credit Union1.81% 48-month CD
Popular Direct1.81% ($10k) 4-year Popular Direct CDInternet bank
Capital One 3601.80% 48-month CD
Virtual Bank1.78% 4-year eCD Internet bank
Elements Financial1.77% (2.01% 5-year CD closed after 4 years)Easy membership
Capital One 3601.76% (2.00% 60-month CD closed after 4 years)

Noteworthy Local Deals - 4-Year CDs

Institution for Savings2.50% 48-month CDMassachusetts' North Shore See review
Institution for Savings2.50% ($250k) 4-year Money Market CD (also requires $250K in MMA)Parts of Massachusetts
Tech Credit Union2.43% ($100k) 50-month Jumbo CompoundCD4 NW Indiana and 2 NE Illinois counties See review
Jefferson Financial Credit Union2.38% ($10k) 48-month Share Certificate4 Louisiana Parishes See review
Deere Employees Credit Union2.30% 48-month Share CertificateEmployees and retirees of Deere & Company See review
Tech Credit Union2.30% 50-month Premium CompoundCD4 NW Indiana and 2 NE Illinois counties See review
Community First Credit Union2.27% 47-month CD Special13 northeast Wisconsin counties See review
United Federal Credit Union2.20% 45-month CD SpecialAR, IN, MI, NV, NC, OH, OK See review
Pelican State Credit Union2.19% 48-month CDRapides Parish, Louisiana
Beaumont Community Credit Union2.12% 48-month Share CertificateJefferson County, TX
First Service Credit Union2.10% ($50k) 48-month CertificateHarris and Waller Counties, Texas See review
Achieva Credit Union2.10% ($75k) 48-month IRA Plus 10 Florida counties See review
Security Savings Bank2.06% 48-month CDTri-state area of SD, IA, and MN
Member One Credit Union2.05% 48-month CDVirginia
Dayton Firefighters Credit Union2.02% 48-month Money Market Share CertificateGreen, Miami, Montgomery Counties, Ohio See review

5-Year CD Rates

Kirtland Federal Credit Union2.60% ($200k) 60-month Share CertificateLimited membership, military relationship See review
SafeAmerica Credit Union2.50% 60-month CDEasy membership See review
Melrose Credit Union2.32% 5-year CD
Mountain America Credit Union2.30% 60-month CD
Fidelity New Issue CD2.30% 5-year New Issue CD
PenFed Credit Union2.28% -year Money Market CertificateEasy membership See review
EverBank2.28% 5-year Yield Pledge CD Internet bank
Popular Direct2.28% ($10k) 5-year Popular Direct CDInternet bank
State Bank of India (IL)2.27% 5-year CD
Clark County Credit Union2.27% 60-month CDEasy membership See review
The Vanguard Group Brokered CD2.25% 5-year non-callable CDIssued by Discover Bank
NuVision Federal Credit Union2.20% 5-year Certificate ($100k)Easy membership requirements See review
Signal Financial Credit Union2.16% 60-month Share CertificateEasy membership requirements See review
Chevron Federal Credit Union2.15% ($250k) 5-year SuperShare 250 CD See review
State Farm Bank2.10% 5-year CDInternet bank See review
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

Noteworthy Local Deals - 5-Year CDs

General Electric Credit Union2.75% 5-year CDSouthwest Ohio
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
University Federal Credit Union2.50% 60-month CDSalt Lake County, Utah 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
First Service Credit Union2.35% ($50k) 60-month CertificateHarris and Waller Counties, Texas See review
Deere Employees Credit Union2.35% 60-month Share CertificateEmployees and retirees of Deere & Company See review
Dayton Firefighters Credit Union2.32% 60-month Money Market Share CertificateGreen, Miami, Montgomery Counties, Ohio 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
TruMark Financial Credit Union2.30% ($75k) 60-month Jumbo CD5 Southeastern Pennsylvania counties See review
Founders Federal Credit Union2.27% 60-month Share CertificateSouth Carolina
MidFirst Direct2.25% 60-month CDAZ,AR,CA,CO,FL,MO,NH,NV,NY,OK,TX,WY See review

Over 5-Year CD Rates

Andrews Federal Credit Union3.00% 84-month IRA Certificate See review
Fidelity New Issue CD3.00% 10-year New Issue CD
The Vanguard Group Brokered CD2.75% 10-year non-callable CDIssued by Discover Bank
Apple Federal Credit Union2.60% 120-month CD
The Vanguard Group Brokered CD2.45% 7-year non-callable CDIssued by Discover Bank
PenFed Credit Union2.38% 7-year Money Market CertificateEasy membership See review
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 Union2.23% ($40k min) 84-month Bonus Term CDEasy membership
Discover Bank2.20% 10-year CD
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

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
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)
San Antonio Federal Credit Union2.50% 10-year CDSan Antonio, TX
Wright-Patt Credit Union2.40%($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
PeoplesChoice Credit Union2.22% 84-month CDYork and Cumberland Counties, Maine
Gesa Credit Union2.20% 7-year CDWashington State

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

None

CDs Removed, No Longer Available - Local

None

CDs Removed, Rate Too Low - National

Ally Bank0.87% 11-month No Penalty CD Internet bank See review
Chevron Federal Credit Union1.25% ($250k) 1-year SuperShare 250 CD See review
Capital One 3600.90% 12-month CD
XCEL Federal Credit Union2.00% 60-month CDEasy membership

CDs Removed, Rate Too Low - Local

None

Post Publication Edits

1/18/17: University Federal Credit Union 60-month CD rate increased.

Comments
decades
decades   |     |   Comment #1
Everyone hold your fire till 3.5% !
Bozo
Bozo   |     |   Comment #10
Decades, my 3.5% PenFed CDs mature this year, along with my 3.8% USAA CD. It was a nice run. My 5.8% KeyDirect IRA CD is toast in January of 2018.
decades
decades   |     |   Comment #11
Yellen said she wants to raise fed funds rate to 3% by end of 2018....MUHAHAHAHA !
moneysaver
moneysaver   |     |   Comment #2
I've got totally liquid, FDIC insured rewards checking accounts that have been consistently paying 2.5 to 3% without any rate reductions over the past 1-2 years. I wouldn't be planning to pull any money out of those or elsewhere until normal credit union or bank CD rates reach 3.5% or better for the shorter terms, and even higher, probably 4-5%, for the longer terms.
Anonymous
Anonymous   |     |   Comment #3
Well, it's good if you do average 2.5 to 3% in rewards checking accounts. I think you will be waiting a long time for the CD rates with the maturity terms you are looking for. Even if the general trend for interest rates is up, they never raise in a straight line or can stall out at any time.
moneysaver
moneysaver   |     |   Comment #5
Trying to predict future interest rate moments is generally a loser's game. So, in my case, my RCA's have survived the worst (0% fed funds rate) over the past couple years without further cuts to their current rates (not falling below 2.5 to 3%). So I'm thinking, those should be pretty safe vehicles moving forward, even if the uptick in CD rates doesn't come as soon or as much as perhaps hoped for. But if I was sitting now with my liquid cash in -+1% normal cash accounts and hoping for big increases soon in regular CD rates, I'd be a pretty unhappy (and poorer) camper.
Anonymous
Anonymous   |     |   Comment #4
Treasury note and bond yields tanked yesterday on Trump's remarks that the dollar is too strong. This does not bode well for future rises in deposit rates. The 5-year Treasury Note yield fell to 1.84%, the 7-year yield 2.14% and the 10-year yield 2.33%. All have sunk at least 10 basis points in yield since the beginning of the month.
Anonymous
Anonymous   |     |   Comment #6
I'm no expert for sure but support for the 10 year is at 2.25% so will have to watch that first but if that holds I believe 2.85% 10 year yield is next and then 3.40% after that.
Anonymous
Anonymous   |     |   Comment #7
None of us here are "experts". Otherwise those of us who are would be among the top 1% and wouldn't be gathered here on this site. However, I think your guess of a 3.40% ten year treasury yield isn't even on the horizon.
Anonymous
Anonymous   |     |   Comment #9
Lets hope I'm right and you're not....:)
Anonymous
Anonymous   |     |   Comment #12
Well, in 2016 many of us produced better returns than the large pension funds and some of us beat them by a rather large margin.
Anonymous
Anonymous   |     |   Comment #13
and the 10 year yield is back up to 2.45% this morning.... who knew???
#8 - This comment has been removed for violating our comment policy.