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CD Rates Summary July 2, 2019

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With the Fed changing course, banks and credit unions haven’t wasted any time in cutting their deposit rates. Both CD rates and savings account rates have been falling since the June Fed meeting. CD rate cuts have become widespread.

In the last two weeks, a few of the noteworthy cuts have occurred at the following banks: Comenity Direct (60-month fell 10 bps to 3.05% APY), First Internet Bank (60-month fell 10 bps to 2.92% APY), PurePoint Financial (60-month fell 50 bps to 2.50% APY, 13-month No-Penalty CD fell 50 bps to 2.00% APY), Goldman Sachs Bank USA (60-month fell 10 bps to 2.80% APY), Vio Bank (60-month fell 25 bps to 2.35% APY), WebBank (60-month fell 15 bps to 2.95% APY), and Rising Bank (36-month Rising CD fell 10 bps to 2.70% APY).

We have also seen many credit unions make CD rate cuts. These include Connexus Credit Union (60-month fell 35 bps to 3.00% APY), Advancial (12-month Jumbo CD fell 39 bps to 2.29%, University FCU (60-month Jumbo CD fell 20 bps to 2.95% APY), Interior FCU (24-month Jumbo fell 62 bps to 2.52% APY) and NASA Federal (15-month Special fell 30 bps to 2.40% APY, 49-month Special fell 25 bps to 2.50%).

Brokered CD Rates

Brokered CD rates for all terms have fallen in the last two weeks ago.

The top 1-year brokered CD rates this morning was 2.00% at Vanguard and 1.95% at Fidelity. Two weeks ago, the top rate at both firms was 2.15%. A month ago, the top rate was 2.40%.

Long-term brokered CD rates are also down from two weeks ago. The top 5-year brokered CD rate at Fidelity was 2.10%. At Vanguard, there were no non-callable 5-year CDs. Non-callable CDs were only available for terms under 5 years. Even though there were a few non-callable long-term CDs at Fidelity, most long-term CDs are now callable. In a few cases, the callable CDs have much higher rates. For example, the top callable 5-year CD this morning at Fidelity had a rate of 2.65%. That was 55 bps higher than the top non-callable brokered CD.

Non-callable long-term CDs are becoming harder to find. That’s an indication that banks think rates will be falling. The callable feature gives the bank the right to redeem a CD early. That can save the bank money when interest rates fall. However, the CD holder loses out if rates fall and the CD is called early.

Falling brokered CD rates is a trend that began in November of last year when the top 5-year rates reached as high as 3.60%.

Direct CD Rates

For nationally available CDs, there were many more rate cuts than rate hikes. Most noteworthy CDs this week are those that didn’t have rate cuts. It’s hard to tell how long these CD rates will hold steady.

Long-Term CD Rates

Andrews Federal Credit Union continues to offer four competitive Certificate Specials. The two long-term ones earn 3.45% APY (84 months) and 3.05% APY (55 months). Minimum deposit is $1,000, and both have an early withdrawal penalty of 360 days of interest.

Except for the special 10-month add-on Certificate that has ended, Navy Federal Credit Union is holding its Certicate rates steady in July. I asked Navy Federal about rate cuts, and I was told that “Our rate changes usually occur on the first Monday of the month, so it is likely that they will stay the same throughout July. However, they are subject to change at any time, so there could be updates.”

Navy Federal still has 3%+ rates on its long-term Certificates. The highest rates require a $100k minimum. These include 3.25% APY (5-year), 3.30% APY (6-year), and 3.35% APY (7-year). As I described in this 2017 post, many people can now qualify for membership based on family members who have served in the military.

Add-On CDs Still Available

One noteworthy 5-year CD that continues to be available is the 60-month Promo Jumbo CD at GTE Financial Credit Union which earns 3.30% APY for a $100k minimum deposit. What makes this especially noteworthy is that it allows unlimited add-on deposits. There’s also a non-Jumbo version with a lower rate (3.04% APY). Its minimum deposit is only $500. It should be noted that several readers have reported issues in the CD application and with customer service.

The other add-on deposit 5-year CD that’s nationally available is the 5-year Growth Certificates at Mountain America Credit Union (MACU). Unfortunately, the rate has again fallen. Last time, it fell from 3.10% APY to 2.95% APY. This time, it has fallen to 2.70% APY. In late 2018, this rate had been as high as 3.51% APY. There’s only a $5 minimum initial deposit. The main downside to this add-on CD is a maximum balance of $100k (in any one or combination of Growth Certificate accounts). MACU allows members to add money to their Growth Certificates at anytime. The account also requires an automated monthly deposit of at least $10.

Usefulness of Add-On CDs

These add-on CDs can be a useful way to hedge against falling rates. Open these CDs with the minimum deposit. If rates fall, you can always add on to these CDs, and the additional funds will receive the original CD rate.

Mid-Term CD Rates

We still have one remaining CD with a 4% APY. It’s the 25-month CD special at Dort Federal Credit Union. Minimum deposit is $50k. Unfortunately, it’s not widely available. Only residents of a few Michigan counties are eligible to join.

We no longer have any nationally available 3% 2-year CDs. The highest rate for a nationally available 2-year CD is 2.94% APY at State Bank of India in Chicago. Just below this is a new one to this category. It’s Nationwide by Axos Bank, and it’s offering 2.90% APY on a 2-year CD. Axos Bank (formerly BofI Federal Bank) recently acquired Nationwide Bank’s deposits, and they’re still keeping Nationwide CDs separate from the low-rates at Axos Bank.

Hanscom Federal Credit Union continues to offer its 19-month CD special which has been 3.00% APY since December. Anyone who joins one of Hanscom FCU’s sponsoring member organizations qualifies for Hanscom FCU membership.

Short-Term CD Rates

In addition to the competitive long-term CDs, Andrews Federal Credit Union continues to hold the top spot for short-term CDs with its 2.86% APY on a special 8-month CD. This special has been available since November.

The top rate for a non-IRA CD with a term around one year is now 2.85% APY. This is being offered by two banks: MapleMark Bank and Quontic Bank.

PurePoint Financial’s recently made several CD rate cuts, including a large cut to its 13-month No-Penalty CD (now 2.00% APY). The new no-penalty CD rate leader is the 13-month No-Penalty CD at Goldman Sachs Bank USA. This no-penalty CD earns 2.35% APY, and its minimum deposit is only $500. With the odds rising that rates will be falling later this year, the No-Penalty CD is a good way to avoid short-term rate reductions while maintaining liquidity.

Savings & Money Market Account Rates

For liquid accounts, the top rate is now 2.55% APY. This is available nationwide at Northpointe Bank. Its Ultimate Savings Account earns 2.55% APY with a minimum balance of $25k, and a maximum balance of $1 million. This is a promotional rate that’s guaranteed for three months. Northpointe Bank had offered a 24-month rate guarantee for its Ultimate Money Market, but the rate was only 2.30% APY. The Ultimate Money Market still earns 2.30% APY, but the rate guarantee period is now only 3 months.

For those without a large balance, the rate leader is now Vio Bank’s Online High Yield Savings Account (2.52% APY).

Another bank with a promotional rate and a rate guarantee period is Northern Bank Direct. It continues to offer 2.50% APY on all balances up to $250k. The rate is guaranteed to last through 2019.

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

Federal Reserve and Interest Rate Summary

This is my new weekly summary with the Fed review split off on a separate blog post. My weekly summaries will now be focused entirely on deposit rates and deals. Please keep all discussion about the Fed, the economy and politics to my Fed/Economy review blog post.

Yields Accurate as of July 2, 2019

Under 1-Year CD Rates

InstitutionRatesNotes
California Coast Credit Union9.00% ($500 min/$3k max) 5-month Celebration Certificate Easy membership See review
Andrews Federal Credit Union2.86% ($1k) 8-month Certificate SpecialEasy membership See review
NBKC2.65% ($10k) 10-month Certificate Special
Northpointe Bank2.55% ($25k+), 1.12% (below $25k and $1m+)Ultimate Savings (rate guaranteed for 3 months) Account review
MutualOne Bank2.53% ($500) 7-month Online CD See review
Northern Bank Direct2.50% Money Market, rate guarantee through 12/31/2019Internet bank See review
United Bank2.50% Advantage Money Market, 180-day rate guarantee25 states See review
Virtual Bank2.45% ($10k) 9-month eCD See review
DollarSavingsDirect2.40% ($1k) 6-month CDInternet bank See review
EmigrantDirect2.40% ($1k) 6-month CDInternet bank See review
MySavingsDirect2.40% ($1k) 6-month CDInternet bank See review
My eBanc2.40% ($100k), 2.30% ($10k) 11-month Flex Time Deposit See review
Limelight Bank2.35% ($1k) 6-month CDInternet bank See review
Communitywide FCU2.35% ($2k) 6-month Share CertificateEasy membership Account review
Live Oak Bank2.35% ($2.5k) 6-month CDInternet bank Account review
WebBank2.35% ($2.5k) 6-month CD See review
CD Bank2.35% ($10k) 6-month CDInternet bank See review
NASA Federal Credit Union2.35% ($10k) 9-month CDEasy membership See review
Marcus by Goldman Sachs2.35% ($500) 13-month No-Penalty CDInternet bank See review
CD Bank2.30% ($10k) 9-month CDInternet bank See review
Ally Bank2.30% ($25k), 2.15% ($5k) No-Penalty 11-month CDInternet bank See review
Advancial2.28% ($50k) 6-month Jumbo CertificateEasy membership See review
Advancial2.28% ($50k) 3-month Jumbo CertificateEasy membership See review
Investors eAccess2.25% ($500) 6-month No Penalty CDInternet bank - Account review
Customers Bank2.25% ($25k)Ascent Money Market Savings (rate guarantee through 12/31/2019 - Account review
Citizens Access2.20% ($5k min) 6-month Online CDInternet Bank Account review
The Vanguard Group Brokered CD2.00% (APR) 3-month non-callable CDIssued by BoEA, HGIS*
Fidelity Brokered CD2.00% (APR) 3-month non-callable CDIssued by GWB, RKTC, RSB&T*
The Vanguard Group Brokered CD2.00% (APR) 6-month non-callable CDIssued by BoEA, FLAG*
Fidelity Brokered CD2.00% (APR) 6-month non-callable CDIssued by BoEA, PWB*
The Vanguard Group Brokered CD2.00% (APR) 9-month non-callable CDIssued by BoEA, PINB*
Fidelity Brokered CD2.00% (APR) 9-month non-callable CDIssued by BoA*

Noteworthy Local Deals - Under 1-Year CDs

Ardent Credit Union4.00% ($100 min/$25k max) 9-month CD (ends July 3)7 southeast Pennsylvania counties See review
1st Financial Federal Credit Union3.00% ($1k) 8-month CD SpecialSt. Louis and St. Charles Counties (MO), City of St. Louis See review
Share Point Credit Union3.00% ($10k max) eSavings, 2 year rate guarantee7 Minnesota counties See review
Bankers Trust Company2.75% ($1k, base rate) 7-23 month Pick-a-Term CDIowa and Arizona See review
1st Financial Federal Credit Union2.75% ($1k) 8-month CertificateSt. Charles and St. Louis Counties, City of St. Louis
BHCU2.75% ($2.5k) iSAVE Money Market, 12-month rate guaranteeDelaware County, PA See review
First Peoples Community Federal Credit Union2.60% ($500) 9-month CD Promo3 Maryland, 3 Pennsylvania, and 3 West Virginia counties See review
Advantage Federal Credit Union2.50% ($500) 5-month Share Certificate SpecialRochester, NY area See review
America First Credit Union2.50% ($500) 6-11 month Regular Certificate 11 Utah, 11 Nevada, 16 Idaho, 2 Arizona, and 1 Oregon counties See review
Wasatch Peaks Credit Union2.50% ($500) 6-month CD 3 Utah counties See review
Kellogg Community Credit Union2.50% ($500) 9-month CD Special15 west Michigan counties See review
Westbury Bank2.25% ($500) 9-month CDEastern Wisconsin See review
Providence Bank2.25% ($2.5k) 9-month CD Special 7 Missouri and 1 Illinois counties See review
Dime Community Bank2.25% ($500) 14-month No-Penalty CDNew York State See review
Members Choice Credit Union2.25% ($50k) 9-month Jumbo CDHouston area See review

1-Year CD Rates

INOVA Federal Credit Union2.95% ($200) 14-month IRAEasy membership See review
Quontic Bank2.85% ($1k) 1-year CD
MapleMark Bank2.85% ($25k) 12-month Online CDAccount review
State Bank of India (IL)2.84% ($2.5k) 1-year Senior Citizen CD
TotalDirectBank2.82% ($25k min) 12-month CDInternet Bank
SouthEast Bank2.81% ($1k) 12-month Online Step Up CD Account review
Limelight Bank2.80% ($1k) 12-month CDInternet bank See review
Comenity Direct2.80% ($1.5k) 1-year CDInternet bank Account review
State Bank of India2.78% ($25k) 12-month Senior Citizen CD See review
Navy Federal Credit Union2.75% ($50-$100k) 10-month Special Certificate w/add-on Military relationship See review
First National Bank of America2.75% ($1k) 1-year CD
SallieMae Bank2.75% ($2.5k) 12-month CDAccount review
Merrick Bank2.75% ($25k) 12-month CDInternet bank Account review
State Bank of India (IL)2.73% ($2.5k) 1-year CD
INOVA Federal Credit Union2.70% ($200) 14-month CDEasy membership See review
Nationwide by Axos Bank2.70% ($500) 12-month CDInternet bank Account review
Rising Bank2.70% ($1k) 1-year Term CDInternet bank Account review
Banesco USA2.70% ($1.5k) 12-month CDInternet bank See review
Live Oak Bank2.70% ($2.5k) 1-year CDInternet bank Account review
First Internet Bank2.68% ($1k) 12-month CDInternet bank See review
WebBank2.65% ($2.5k) 1-year CD See review
Colorado Federal Savings Bank2.60% ($5k) 12-month CDInternet bank Account review
TIAA Bank2.55% ($5k) 1-year Yield Pledge CD Internet bank See review
Alliant Credit Union2.55% ($25k) 12-17 month Jumbo Share CertificateInternet bank See review
Ally Bank2.55% ($25k) High-Yield 12-month CDInternet bank See review
NASB2.53% ($1k) 12-month Online CD Special See review
Citizens Access2.50% ($5k) 12-month Online CDInternet Bank Account review
The Vanguard Group Brokered CD2.00% (APR) 1-year non-callable CDIssued by PINB*
Fidelity Brokered CD1.95% (APR) 1-year non-callable CDIssued by BoA, CATH, ICBC*

Noteworthy Local Deals - 1-Year CDs

Red Rocks Credit Union3.00% ($1k) 12-month CD SpecialEasy membership for Colorado residents See review
Rhinebeck Bank2.95% ($2k) 14-month CD SpecialDutchess, Orange, and Ulster Counties, NYSee review
Sawyer Savings Bank2.85% ($500) 11-month CD SpecialNew York state See review
Linn Area Credit Union2.85% ($1k) 12-month CD Special22 eastern Iowa counties See review
Navy Army Community Credit Union2.83% ($1k) 13-month CD Special8 South Texas counties See review
Cross River Bank2.80% ($500) 12-month CDNew Jersey See review
Seattle Bank2.80% ($1k) 12-month CDWashington State See review
Verve, a Credit Union2.79% ($1k) 14-month Share Certificate Special21 Wisconsin and 2 Minnesota counties See review
America First Credit Union2.75% ($500) 12-23 month Regular Certificate 11 Utah, 11 Nevada, 16 Idaho, 2 Arizona, and 1 Oregon counties See review
Wasatch Peaks Credit Union2.75% ($500) 12-month CD 3 Utah counties See review
Baton Rouge Telco Federal Credit Union2.70% ($500) 12-month Share Certificate10 Louisiana parishes See review
Centric Bank2.70% ($1k) 13-14 month CD SpecialCumberland and Dauphin Counties, PA See review
First Florida Credit Union2.69% ($50k) 13-month CD Special29 Florida counties See review

18-month CD Rates

Hanscom Federal Credit Union3.00% ($1k) 19-month CD SpecialEasy membership See review
Andrews Federal Credit Union2.95% ($1k) 17-month Certificate SpecialEasy membership See review
State Bank of India (IL)2.89% ($2.5k) 15-month CD Special
Nationwide by Axos Bank2.80% ($500) 18-month CDInternet bank Account review
Limelight Bank2.80% ($1k) 18-month CDInternet bank See review
Pacific National Bank2.80% ($1k) 18-month Online Promo CD Internet bank See review
Sallie Mae Bank2.80% ($2.5k) 18-month CD Internet bank See review
Security Bank (OK)2.78% ($2k) 18-month Spring CD Special See review
Northern Bank Direct2.76% ($500) 18-month CDInternet bank Account review
First Internet Bank2.73% ($1k) 18-month CDInternet bank See review
Live Oak Bank2.70% ($2.5k) 18-month CDAccount review
Rising Bank2.70% ($25k) 18-month Rising CDAdd-on & Bump-up options, Internet bank Account review
MapleMark Bank2.65% ($25k) 18-month CDAccount review
Citizens Access2.50% ($5k min) 18-month Online CDInternet Bank Account review
Ally Bank2.08% (2.85% High Yield 5-Year CD closed after 18 months)See review
Fidelity Brokered CD2.00% (APR) 18-month non-callable CDIssued by FLAG*
The Vanguard Group Brokered CD1.95% (APR) 18-month non-callable CDIssued by BNB, ICBC*

Noteworthy Local Deals - 18-Month CDs

A+ Federal Credit Union3.07% ($1k) 19-month CD SpecialEasy membership for Texas residents See review
Homeland Credit Union3.00% ($75k) 18-month Jumbo CD9 Ohio counties See review
Kellogg Community Credit Union3.00% ($500) 19-month CD Special15 west Michigan counties See review
Savers Bank2.90% ($500) 19-month Certificate SpecialWorcester County, Massachusetts
Cross River Bank2.88% ($500) 18-month CDNew Jersey See review
FORUM Credit Union2.85% ($500) 18-month CDMost of Indiana counties
Homeland Credit Union2.85% ($500) 18-month CD9 Ohio counties See review
Cobalt Credit Union2.85% ($100k), 2.75% ($1k) 18-month Term Share Certificate7 Nebraska and 9 Iowa counties See review
Members First Credit Union2.81% ($1k) 15-month CD SpecialMichigan See review
Granite Credit Union2.75% ($500) 18-month Alumni CDSalt Lake County, Utah See review

2-Year CD Rates

State Bank of India (IL)2.94% ($2.5k) 2-year Senior Citizen CD
Nationwide by Axos Bank2.90% ($500) 24-month CDInternet bank Account review
Quontic Bank2.90% ($1k) 2-year CD
First National Bank of America2.85% ($1k) 24-35 month CD
Comenity Direct2.85% ($1.5k) 2-year CDInternet bank Account review
WebBank2.85% ($2.5k) 2-year CD See review
MapleMark Bank2.85% ($25k) 24-month CDAccount review
TotalDirectBank2.85% ($25k) 24-month CDInternet Bank
State Bank of India (IL)2.84% ($2.5k) 2-year CD
State Bank of India2.83% ($25k) 2-year Senior Citizen CD See review
Georgia Banking Company2.80% ($500) 2-year Certificate See review
First Internet Bank2.78% ($1k) 24-month CDInternet bank See review
SallieMae Bank2.75% ($2.5k) 24-month CDAccount review
Live Oak Bank2.70% ($2.5k) 2-year CDInternet bank Account review
Rising Bank2.70% ($1k) 2-year Term CDInternet bank Account review
M.Y. Safra Bank2.70% ($5k) 24-month Online Promo CD See review
AgFed Credit Union2.60% ($1k) 24-month CDEasy membership See review
Consumers Credit Union2.60% ($100k) 22-month Jumbo CD SpecialEasy membership Account review
Citizens Access2.55% ($5k min) 2-year Online CDInternet Bank Account review
Ally Bank2.27% (2.85% High Yield 5-Year CD closed after 2 years)See review
The Vanguard Group Brokered CD2.10% (APR) 2-year non-callable CDIssued by SMB*
Fidelity Brokered CD2.05% (APR) 2-year non-callable CDIssued by GSB, TIAA*

Noteworthy Local Deals - 2-Year CDs

Dort Federal Credit Union4.00% ($50k) 25-month IRA Certificate 4 mid-Michigan counties See review
Red Rocks Credit Union3.30% ($5k) 24-month CD SpecialEasy membership for Colorado residents See review
Arsenal Credit Union3.25% ($500) 24-month CDSt. Louis metropolitan area (MO and IL) See review
Community Financial Services Bank3.19% ($1k) 29-month CD SpecialIN, IL, KY, MO, and TN See review
Kellogg Community Credit Union3.15% ($500) 29-month CD Special15 west Michigan counties See review
SimplyBank3.13% ($500) 21-month Quarterly CoDEastern Tennessee
ELGA Credit Union3.10% ($25k) 27-month CD Special6 Michigan counties See review
Teachers Credit Union3.09% ($1k) 25-month CD SpecialIndiana and 2 southwest Michigan counties See review
F&M Bank3.00% ($1k) 24-month My Choice CD7 middle Tennessee counties See review
Consumers Credit Union (MI)3.00% ($1k) 25-month CD SpecialMichigan's Lower Peninsula See review
Seattle Bank2.95% ($1k) 24-month CDWashington State See review

3-Year CD Rates

Hughes Federal Credit Union3.10% ($99k) 36-month Jumbo CDEasy membership See review
GTE Financial3.09% ($100k) 36-month Promo Add-On Jumbo Share Certificate SpecialEasy membership See review
State Bank of India (IL)3.04% ($2.5k) 3-year Senior Citizen CD
Hughes Federal Credit Union2.99% ($50k) 36-month Mini-Jumbo CDEasy membership See review
State Bank of India (IL)2.94% ($2.5k) 3-year CD
State Bank of India2.93% ($25k) 3-year Senior Citizen CD See review
Comenity Direct2.90% ($1.5k) 3-year CDInternet bank Account review
First National Bank of America2.89% ($1k) 36-47 month CD
WebBank2.85% ($2.5k) 3-year CD See review
Connexus Credit Union2.85% ($5k) 36-month Share CertificateEasy membership See review
Sun East Federal Credit Union2.85% ($99k) 36-month Jumbo CDEasy membership See review
First Internet Bank2.82% ($1k) 36-month CDInternet bank See review
Ally Bank2.47% (2.85% High Yield 5-Year CD closed after 3 years)See review
The Vanguard Group Brokered CD2.20% (APR) 3-year non-callable CDIssued by SMB*
Fidelity Brokered CD2.10% (APR) 3-year non-callable CDIssued by GSB, TIAA*

Noteworthy Local Deals - 3-Year CDs

Money One Federal Credit Union3.60% ($25) 3-year IRAPrince George's County, Maryland See review
AEA Federal Credit Union3.50% ($1k) 30-month CD Special, w/checkingLa Paz and Yuma Counties, AZ See review
EFCU Financial3.50% ($100k) 36-month Jumbo IRA9 Louisiana parishes See review
American United Federal Credit Union3.35% (no Bump), 3.25% (Bump) ($500) 36-month Share CertificateSalt Lake and Tooele Counties, Utah See review
Red Rocks Credit Union3.35% ($5k) 36-month CD SpecialEasy membership for Colorado residents See review
Navy Army Community Credit Union3.33% ($1k) 30-month CD8 South Texas counties See review
AEA Federal Credit Union3.25% ($1k) 30-month CD SpecialLa Paz and Yuma Counties, AZ See review
Unitus Credit Union3.25% ($500) 36-month CDWashington State and 15 Oregon counties See review
Neighbors Federal Credit Union3.25% ($1.5k) 36-month Share Certificate9 Louisiana parishes
Peoples Bank3.22% ($2.5k) 33-month CDPointe Coupee and East Baton Rouge Parishes, Louisiana See review
InvesTex Credit Union3.13% ($50k) 3-year Jumbo CDNorth Houston area See review
Verve, a Credit Union3.04% ($1k) 39-month Share Certificate Special21 Wisconsin and 2 Minnesota counties See review
Woodruff Federal Savings & Loan Assocation3.03% ($1k) 36-month CD5 upstate South Carolina counties See review
Seattle Bank3.00% ($1k) 36-month CDWashington State See review
Signature Bank3.00% ($1k) 36-month No Penalty CD SpecialAtlanta 29-County Metropolitan Statistical Area See review
Bankers Trust Company3.00% ($1k, base rate) 36-month Anniversary CD PromotionIowa and Arizona See review

4-Year CD Rates

Connexus Credit Union3.20% ($5k) 42-month Share CertificateRenewals only - Easy membership See review
GTE Financial3.20% ($100k) 48-month Promo Add-On Jumbo Share Certificate SpecialEasy membership See review
State Department Federal Credit Union3.14% ($500) 48-month IRA CertificateEasy membership
University Federal Credit Union3.14% ($100k) 48-month Fixed Jumbo CDEasy membership
Hanscom Federal Credit Union3.10% ($1k) 48-month CD SpecialEasy membership See review
First National Bank of America3.05% ($1k) 48-59 month CD
State Bank of India2.98% ($25k) 4-year Senior Citizen CD See review
Comenity Direct2.95% ($1.5k) 4-year CDInternet bank Account review
Georgia Banking Company2.90% ($500) 4-year Certificate See review
First Internet Bank2.87% ($1k) 48-month CDInternet bank See review
Latino Credit Union2.80% ($200k) 48-month Jumbo CD Easy membership See review
Ally Bank2.58% (2.85% High Yield 5-Year CD closed after 4 years)See review
Fidelity Brokered CD2.05% (APR) 4-year non-callable CDIssued by MBC*
The Vanguard Group Brokered CD2.00 (APR) 4-year non-callable CDIssued by FSBI*

Noteworthy Local Deals - 4-Year CDs

EFCU Financial3.60% ($100k) 48-month IRA9 Louisiana parishes See review
EFCU Financial3.50% ($500) 48-month IRA9 Louisiana parishes See review
EFCU Financial3.50% ($100k) 48-month CD9 Louisiana parishes See review
American United Federal Credit Union3.45% (no Bump), 3.35% (Bump) ($500) 48-month Share CertificateSalt Lake and Tooele Counties, Utah See review
EFCU Financial3.40% ($500) 48-month CD9 Louisiana parishes See review
Community Financial Services Bank3.39% ($1k) 49-month CD SpecialIN, IL, KY, MO, and TN See review
UNICO Bank3.30% ($1k) 48-month CD3 Missouri and 3 Arkansas counties See review
Dupaco Community Credit Union3.26% ($100k), 3.01% ($5k) 45-month Jumbo CD SpecialAll of Iowa, 4 Wisconsin and 5 Illinois counties See review
Hills Bank3.25% ($500) 47-month CD SpecialIowa See review
P1FCU3.25% ($500) 48-month Share Certificate12 Idaho and 2 Washington counties See review
Neighbors Federal Credit Union3.25% ($1.5k) 48-month Share Certificate9 Louisiana parishes
Du Trac Community Credit Union3.25% ($5k) 48-month Bump Up Certificate Special16 Iowa, 4 Illinois, and 1 Wisconsin counties See review
Tech Credit Union3.20% ($100k) 50-month Jumbo Compound CD4 NW Indiana and 2 NE Illinois counties See review
Seattle Bank3.15% ($1k) 48-month CDWashington State See review
Cross River Bank3.15% ($500) 48-month CDNew Jersey See review
InvesTex Credit Union3.13% ($50k) 4-year Jumbo CDNorth Houston area See review
Mutual First Federal Credit Union3.12% ($1k) 43-month CD Special1 Iowa and 3 Nebraska counties See review
Tech Credit Union3.07% 50-month Premium Compound CD4 NW Indiana and 2 NE Illinois counties See review

5-Year CD Rates

GTE Financial3.30% ($100k) 60-month Promo Add-On Jumbo Share Certificate SpecialEasy membership See review
State Department Federal Credit Union3.29% ($500) 60-month IRA CertificateEasy membership
Tampa Bay Federal Credit Union3.25% ($500) 60-month CD Easy membership See review
Navy Federal Credit Union3.25 ($100k), 3.15% ($50k) 3.00% ($1k) 5-year CDMilitary relationship See review
Citizens State Bank (FL)3.20% ($1k) 60-month CD See review
Signature Federal Credit Union3.20% ($100k) 5-year Jumbo Share CertificateEasy membership
First National Bank of America3.15% ($1k) 60-month CD
State Bank of India (IL)3.14% ($2.5k) 5-year Senior Citizen CD
Quontic Bank3.10% ($1k) 60-month CD See review
Signature Federal Credit Union3.10% ($50k) 5-year Share CertificateEasy membership
Sun East Federal Credit Union3.10% ($99k) 60-month Jumbo CDEasy membership
State Department Federal Credit Union3.09% ($500) 60-month CertificateEasy membership
Comenity Direct3.05% ($1.5k) 5-year CDInternet bank Account review
GTE Financial3.04% ($500) 60-month Promo Add-On Share CertificateEasy membership See review
State Bank of India3.03% ($25k) 5-year Senior Citizen CD See review
Affinity Plus Federal Credit Union3.00% ($500) 60-month CD Easy membership
Connexus Credit Union3.00% ($5k) 60-month Share CertificateEasy membership See review
University Federal Credit Union2.95% ($100k) 60-month Fixed Jumbo CDEasy membership
Fidelity Brokered CD2.10% (APR) 5-year CALLABLE CDIssued by MBC*

Noteworthy Local Deals - 5-Year CDs

EFCU Financial3.70% ($100k) 60-month Jumbo IRA9 Louisiana parishes See review
American United Federal Credit Union3.60% (no Bump), 3.50% (Bump) ($500) 60-month Share CertificateSalt Lake and Tooele Counties, Utah See review
Greenville Heritage Credit Union3.51% ($100k), 3.40% ($50k), 3.30% ($1k) 60-month Fixed CDGreenville County, South Carolina See review
Glass City Federal Credit Union3.50% ($500) 60-month CD Special4 NW Ohio counties See review
Members Heritage Credit Union3.40% ($100k) 5-year Jumbo CD22 Kentucky counties See review
UNICO Bank3.35% ($1k) 60-month CD3 Missouri and 3 Arkansas counties See review
P1FCU3.35% ($500) 60-month Share Certificate12 Idaho and 2 Washington counties See review
Neighbors Federal Credit Union3.35% ($1.5k) 60-month Share Certificate9 Louisiana parishes
URW Community Credit Union3.35% ($2.5k) 5-year CD1 North Carolina and 3 Virginia counties See review
Shell Federal Credit Union3.35% ($50k), 3.30% ($500) 60-month Share CertificateHarris County, Texas See review
All In Credit Union3.34% ($1k) 60-month CD5 SE Alabama counties, Mobile Bay area, Florida's Emerald Coast; military relationshipSee review
CASE Credit Union3.30% ($500) 5-year TDAMichigan's Lower Peninsula See review
Seattle Bank3.30% ($1k) 60-month CDWashington State See review
Texas Bay Credit Union3.30% ($1k) 60-month CertificateGreater Houston metro area See review
Enrichment Federal Credit Union3.30% ($2.5k) 59-month Share Certificate Special 8 Tennessee counties See review
Financial One Credit Union3.27% ($1k) 58-month CD SpecialAnoka County (MN), Northeast MinneapolisSee review
Saginaw Medical Federal Credit Union3.26% ($500) 60-month Share CertificateMichigan See review
Wildfire Credit Union3.25% ($500), 62-month CD SpecialAll Michigan counties
Suncoast Credit Union3.20% ($100k) 60-month Jumbo CD39 Florida counties See review
InvesTex Credit Union3.13% ($50k) 5-year Jumbo CDNorth Houston area See review
Signal Financial Federal Credit Union3.10% ($500) 60-month Share CertificateEMR for Maryland, Virginia, District of Columbia See review
LAFCU3.10% ($10k) 60-month Jumbo Term Share CertificateAll Michigan counties See review
Texas Bay Credit Union3.09% ($50k) 60-month Jumbo CertificateGreater Houston metro area See review

Over 5-Year CD Rates

Andrews Federal Credit Union3.45% ($1k) 84-month Share CertificateEasy membership See review
First National Bank of America3.35% ($1k) 84-month Time CD
Navy Federal Credit Union3.35% ($100k), 3.25% ($50k) 3.10% ($1k) 7-year CDMilitary relationship See review
Navy Federal Credit Union3.30% ($100k), 3.20% ($50k) 3.05% ($1k) 6-year CDMilitary relationship See review
First National Bank of America3.25% ($1k) 72-month CD
M.Y. Safra Bank3.06% ($5k) 72-month Online Promo CD See review
Northrop Grumman Federal Credit Union3.00% ($40k) 84-month Bonus Term CDEasy membership See review
Apple Federal Credit Union3.00% ($500) 120-month CD
Fidelity Brokered CD2.60% (APR) 10-year non-callable CDIssued by DIS* (no non-callable 10yr CDs available)
Fidelity Brokered CD2.45% (APR) 7-year non-callable CDIssued by DIS* (no non-callable 7yr CDs available)

Noteworthy Local Deals - Over 5-year CDs

Eaton Federal Savings Bank3.39% ($500) 7-year CD5 Central Michigan counties
Signal Financial Credit Union3.35% ($500) 72-month Share Certificate Easy membership for residents of MD, VA, and DC See review
Selco Community Credit Union3.30% ($500) 7-year CD27 Oregon counties
Lebanon Federal Credit Union3.10% ($500) 66-month CD SpecialLebanon County, Pennsylvania
Gesa Credit Union3.25% ($100k) 3.00% ($50k) 2.75% ($500) 84-month CertificateWashington State Account review
Security Credit Union3.25% ($1k) 6-year Share CertificateMichigan
First Community Credit Union3.10% ($500) 72-month CD5 Missouri and 3 Illinois counties Account review
Fairfax County Credit Union3.00% ($2.5k) 72-month Share CertificateFairfax County, Virginia Account review
Security Service Federal Credit Union3.00% ($50k), 2.95% ($25k), 2.90% ($500) 7-year CDSelect areas in Texas, Colorado, and Utah

*BNB (Banner Bank), BoA (Bank of America), BoEA (Bank of East Asia), CATH (Cathay Bank), DIS (Discover Bank), FLAG (Flagstar Bank FSB), FSBI (First Source Bank IN), GSB (GS Bank), GWB (Great Western Bank), HGIS (Hingham Institution for Savings), ICBC (Industrial & Commercial Bank of China), MBC (Merrick Bank), PINB (Pinnacle Bank), PWB (Pacific Western Bank), RKTC (Rockland Trust Company), RSB&T (Rollstone Bank & Trust), SMB (SallieMae Bank), TIAA (TIAA Bank)

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

West End Bank3.00% ($500) 33-month CD Special Account review

CDs Removed, No Longer Available - Local

Tropical Financial Credit Union2.85% ($500) 15-month CD9 Florida counties
Cornerstone Federal Credit Union3.00% ($5k) 19-month Regular Certificate SpecialEasy membership for Tennessee and Kentucky See review
Wildfire Credit Union3.25% ($500), 49-month CD SpecialAll Michigan counties

CDs Removed, Rate Too Low - National

Colorado Federal Savings Bank2.10% ($5k) 6-month CDInternet bank Account review
Vio Bank2.05% ($500) 9-month High Yield Online CD Internet bank See review
PurePoint Financial2.00% ($10k) 13-month No-Penalty CDInternet bank Account review
CapitalOne Bank2.30% 12-month 360 CDAccount review
Advancial2.29% ($50k) 1-year Jumbo CertificateEasy membership See review
CD Bank2.25% ($10k) 12-month CDInternet bank See review
PurePoint Financial2.25% ($10k) 12-month CDInternet bank See review
Popular Direct2.50% ($10k) 18-month Popular Direct CDInternet bank
AgFed Credit Union2.45% ($1k) 18-month CDEasy membership See review
CommunityWide Federal Credit Union2.45% ($2k) 18-month Share CertificateEasy membership Account review
NASA Federal Credit Union2.40% ($5k) 15-months Share CertificateEasy membership See review
Interior Federal Credit Union2.37% ($100k) 20-month Bump Up Jumbo Share CertificateEasy membership Account review
Advancial2.30% ($50k) 18-month Jumbo CertificateEasy membership See review
CD Bank2.25% ($10k) 18-month CDInternet bank See review
Colorado Federal Savings Bank2.55% ($5k) 24-month CDInternet bank Account review
Interior Federal Credit Union2.52% ($100k) 24-month Jumbo Share CertificateEasy membership Account review
CommunityWide Federal Credit Union2.50% ($2k) 24-month Share CertificateEasy membership Account review
USALLIANCE Financial2.50% ($500) 24-month CDEasy membership Account review
U S Postal Service Federal Credit Union2.15% ($10k) 2-year e-MISCA CertificateEasy membership Account review
CD Bank2.15% ($10k) 24-month CDInternet bank See review
M.Y. Safra Bank2.76% ($5k) 36-month Online Promo CD See review
Citizens Access2.70% ($5k) 36-month CDInternet bank Account review
WebBank2.95% ($2.5k) 5-year CD See review
First Internet Bank2.92% ($1k) 60-month CDInternet bank See review
Citizens Access2.80% ($5k) 5-year Online CDInternet bank See review
PurePoint Financial2.50% ($10k) 60-month Online CDInternet bank See review

CDs Removed, Rate Too Low - Local

Town & Country Federal Credit Union2.02% ($500) 12-month Share Certificate SpecialCumberland and York Counties, Maine See review
Hanmi Bank2.45% ($5k) 13-month Gro CD CA, IL, NJ, NY, TX, VA See review
Jefferson Financial Credit Union2.06% ($100k) 12-month Share Certificate6 Louisiana parishes and 6 Alabama counties See review
Hanmi Bank2.55% ($5k) 15-month Gro CD CA, IL, NJ, NY, TX, VA See review
America First Credit Union2.75% ($500) 24-29 month Regular Certificate 11 Utah, 11 Nevada, 16 Idaho, 2 Arizona, and 1 Oregon counties See review
First United Credit Union2.65% ($500) 24-month CD Special, checking relationship All Michigan counties See review
Suncoast Credit Union2.45% ($100k) 24-month Jumbo CD39 Florida counties See review
Jefferson Financial Credit Union2.06% ($10k) 24-month Share Certificate6 Louisiana parishes and 6 Alabama counties See review
Jefferson Financial Credit Union2.06% ($100k) 36-month Share Certificate6 Louisiana parishes and 6 Alabama counties See review
Jefferson Financial Credit Union2.07% ($100k) 48-month Share Certificate6 Louisiana parishes and 6 Alabama counties See review
Bank of Utica3.00% ($500) 5-year CD 3 upstate New York counties See review
Pioneer Valley Credit Union2.65% ($25k) 2.55% ($1k) 60-month Share CertificateEasy membership for CT, MA, NH, NY, RI, VT See review
Jefferson Financial Credit Union2.11% ($100k) 60-month Share Certificate6 Louisiana parishes and 6 Alabama counties See review

Post Publication Edits

7/3/2019: Citizens Access CD rates lowered.
7/3/2019: Suncoast CU CD rates lowered.
7/3/2019: Jefferson FInancial CU CDs removed following rate decreases.

Related Pages: savings accounts, money market accounts, 1-year CD rates, 5-year CD rates, nationwide deals, Internet banks
Comments
Robb
Robb   |     |   Comment #1
Hi Ken...Suncoast CU 5 year jumbo CD down to 3.20% from 3.50% this week FYI.
poqulo
poqulo   |     |   Comment #3
Jefferson Financial CU 5 year CD down to 1.90% - 2.11%, previous 3.61%
gregk
gregk   |     |   Comment #2
The thing is, if the Fed ever begins raising rates again FI's will be very reluctant to raise their CD offers in lockstep (especially the longer maturities) knowing now how quickly the Fed can reverse course without any economic rationale.
moneywise
moneywise   |     |   Comment #5
Financial institutions never did raise their CD rates in lockstep with any Fed increases in interest rates.
Att
Att   |     |   Comment #4
Rates go up slow, go down fast like gasoline prices The recent 5 year add ons were great. Wish Mountain had a higher max.
moneywise
moneywise   |     |   Comment #6
As we are seeing now. Banks and CUs lowering CD rates even before the Feds officially announce any rate decrease.
MrSaver
MrSaver   |     |   Comment #7
The Dort 4% certificate is only available as an IRA according to a CSR I recently spoke to.
Hoody
Hoody   |     |   Comment #8
So far Navy's 5yr is still holding at 3.25
Att
Att   |     |   Comment #9
#8 Funny that a few years back people would love 3.25% rates. Maybe as rates go down the 3.25% may look like a great rate in a year or so.
gregk
gregk   |     |   Comment #11
It's looking like a great rate RIGHT NOW.
Att
Att   |     |   Comment #18
#11 100k minimum and not everyone can get into Navy. I don't have 100k lump sum so off my list.

Glad I did Mountain @ 3.51% so if rates started going down I had a rate floor and still have room for add on when my I have some They had a very low minimum to open a CD. I have CDs maturing in the middle of August which will max out my mountain CD. loaded up when Conneus was paying 4% which was one of the top CDs!
Go Navy
Go Navy   |     |   Comment #16
Yes, but you need 100k to get that Navy rate of 3.25. What a shame, because I'm sure no military personnel will buying those cd's.
Hoody
Hoody   |     |   Comment #66
they went to 3.50 today on the 5yr .........
#10 - This comment has been removed for violating our comment policy.
RichardW
RichardW   |     |   Comment #12
Ken, posted under your “Over 5-Year CD Rates” data for the 10-year and 7-year Fidelity Brokered CDs there is conflicting information listed. In the right hand column you list “(no non-callable 10yr CDs available)” however in the center column you list the availability of a 10-year non-callable CD. You repeat this regarding the Fidelity 7-year CD.

Incidentally, I guess you collected your data during the morning of 7/2/2019, because since the afternoon of 7/2/2019, these same two Discover Bank brokered CDs are also currently available at Vanguard.
willy12
willy12   |     |   Comment #14
CD bank joined the masses in lowering their rates big. I was fortunate to pick up two 3.20% 2 year just before they dropped the rate to 2.80%. And now a pitiful 2.15%.

So much for thinking they intended to be a rate leader.




Term APY*
3 Months 2.00%
6 Months 2.35%
9 Months 2.30%
12 Months 2.25%
18 Months 2.25%
24 Months 2.15%
36 Months 2.15%
48 Months 2.00%
60 Months 2.15%
jstern
jstern   |     |   Comment #15
As someone who just opened a trust savings account and Jumbo $100k add-on CD at GTE Financial, I only have good things to say. While they needed to email me trust forms that required 2 notarials, I had no problem wiring in funds from Fido and emailing back their forms. They honored the higher rate, even though the rate dropped as I was completing opening my CD account. Yes, they did a hard pull credit report and needed the normal personal documentation, but used the trust certification form in lieu of my needing to supply actual trust docs. Kudos to Julie, who helped me through their process in a few days. And they could use a more robust web site, so keep that in mind.
Milty
Milty   |     |   Comment #17
Similar experience with GTE Financial, easy to join, agree that web site could be a little better, using shared branching to fund. Worth a look for those still pursuing 3% CDs.
lou
lou   |     |   Comment #26
What did rate drop to? Still showing 3.3% on website.
milty
milty   |     |   Comment #30
The rates at GTEF have not changed recently, but note the 3.30%APY is the jumbo ($100K min) rate, and the non-jumbo rate is 3.04%. Both are add-on CDs.
deplorable 1
deplorable 1   |     |   Comment #19
Forget 3% CD's check this out:
https://www.fitnessbank.fit/
They give you 3% APY just for walking 12,500 steps a day based on the previous months data. If you are a senior(age 65 or older) it's only 10,000 steps a day. The steps look like they automatically track through a app installed on your phone. I'm going to try this as I do cardio 3 days a week anyway and weight training the other 3. The only downfall is that I'll have to keep the phone on me to track the steps. I like this concept of forcing you to get moving to earn the rate as money is a major motivator for me.
Nothing
Nothing   |     |   Comment #20
At 3feet per step...almost 6miles... i’ll attach to my dog
deplorable 1
deplorable 1   |     |   Comment #21
Right or get a fitbit watch and let my kid run around with it. I think it uses average steps for the month based on the prior month's data. I have a treadmill so I could probably knock that out pretty fast on there. I need to drop 20 lbs. anyway.
111
111   |     |   Comment #27
Ah, they'll probably just keep raising the number of steps required to 11K, then 12K, etc., till you croak. Then they'll hope your heirs won't locate this new account (all estatements, no paper), and they'll just charge dormancy fees until the balance is gone. Not that I'm cynical or anything...
willy12
willy12   |     |   Comment #29
I probably already meet the steps from 30 minutes a day of disc golf. 5-6 days a week anyway. But, no smart phone and no unlimited data or minutes. More discrimination for those of us without a smart phone.
deplorable 1
deplorable 1   |     |   Comment #39
I have a smart phone but no cell service($0 monthly bill) as I use wifi and the majicjack app to make calls for free. I'm assuming that the app will update on wifi when I get home. The treadmill should work anyway or the back yard.
Beth
Beth   |     |   Comment #22
EBSB dropped their savings account rate - The rate on the high yield savings account did change as of June 11, 2019. Your account is currently earning an annual percentage yield of 2.40% and has an interest rate of 2.37%.
DCGuy
DCGuy   |     |   Comment #23
Are you saying that the rate was dropped a second time within a month?
deplorable 1
deplorable 1   |     |   Comment #25
I took it down to $5,000 but can we take it to 1$ or will they close the account? I think you have to keep $5,000 in there or you get 0% APR. Their new account has different tier levels.
milty
milty   |     |   Comment #28
D1: I believe you are correct regarding EBSB--must keep $5K or get 0%. My account is still getting 2.40% APY.
Att
Att   |     |   Comment #32
At 2.4% still one of the top rates
Anonymous
Anonymous   |     |   Comment #24
BHCU ISAVE MMA now 2.5% (prior 2.75%) - sorry
me1004
me1004   |     |   Comment #31
Re the GTE Financial FCU add on certificates: One thing I don’t understand from the info at GTE’s Website is whether you can open a regular promotional add-on CD with only $500 to open, hold it, and later add on enough to be at or over the $100,000 amount for the Jumbo CD and then be changed to the jumbo rate - and the jumbo rate that was in effect on that when you opened the regular CD.

In other words, I don’t want to park $100,000 in the 60 month CD. I would rather park $500 now and then add it up to that higher amount when my current CDs mature in two years, thus using that at that time as a three-year CD.

I’m afraid that either I would not be able to get the Jumbo rate unless I open a jumbo account now, or I would get only the jumbo rate at the time I brought the balance up to that amount, which would make the entire effort pretty pointless. I need to see somewhere in writing from them how that would be handled.

I think I’ve seen some people talk of opening at $500 and holding for later at the jumbo rate — but maybe they were presuming something that will not be possible.

Ken, can you definitively find out about this and let us know?

I’m afraid in two years rates will be at a low again. This is just unconscionable, their is absolutely no justification to be lowering rates now, rates haven’t even recovered from the economic collapse of the past decade. We have suffered far and away too long already, and we have the lowest unemployment rate is a lifetime, how can we need a rate cut!? Of course growth is slowing, everyone has a job already, it doesn’t mean the economy is getting weaker.
Pipe Dream?
Pipe Dream?   |     |   Comment #34
I would not put too much faith in a bump to jumbo rate.
Not too good of a position for a FI. You wouldn't .
Wish Ken luck in that inquiry.
deplorable 1
deplorable 1   |     |   Comment #37
You need to open the CD with $100,000 to get the jumbo rate. I have not seen anything in writing saying the rate won't bump up if you add fund later. I seem to recall that someone on here called and asked them that specific question and the GTE csr said no bump. I opened their 60 month add-on CD 3.04% APY with $500 using a 2% cashback card. Cheap rate insurance in case rates head down again. This might look great in a year or two.
gregk
gregk   |     |   Comment #38
It's been confirmed previously that the "jumbo rate bump" you describe would not be permitted. The jumbo deposit has to be made at inception to qualify for the jumbo rate throughout the term. Thus, your ancillary question about which jumbo rate would be applicable when you did your jumbo deposit add-on (the one in effect now or that in effect at the time of add-on) becomes irrelevant.
gregk
gregk   |     |   Comment #40
BTW, though experiences differ, I found GTE Financial so incompetent (and even dishonest) to deal with I felt forced to cancel my membership prior to funding the 5 year add-on CD I'd established there. With a very large CD maturing in just over 2 years I might regret that decision if rates are back in the doldrums again circa summer 2021, but OTOH I just would not have trusted them with so large a deposit (NCUA notwithstanding). Sometimes confidence (or the lack thereof) trumps all consideration of potential returns. Will just have to accept what comes.
lou
lou   |     |   Comment #41
What did they do to you?
Jj1
Jj1   |     |   Comment #43
A hard Equifax credit pull when account opened yesterday. They will pay for it when I load up the add on over the next 5 years.
mark1010
mark1010   |     |   Comment #33
Membership is very limited and only one branch in NYC but some pretty good rates :

3.56% $500 - 60 Month Share Certificate
3.40% $500 - 36 Month Share Certificate
3.30% $500 - 24 Month Share Certificate
3.04% $500 - 12 Month Share Certificate
anonymous
anonymous   |     |   Comment #35
mark1010: would you mind providing the name of the institution offering these stellar rates? Since it has a membership requirement, it would have to be a credit union --- I was unable to find any credit union with a branch in New York City that offers these rates, but info provided by DepositAccounts is not necessarily accurate. (I couldn't find a New York City bank offering these rates, either.)
mark1010
mark1010   |     |   Comment #36
Sorry, Its The Finest Federal Credit Union.

https://thefinestfcu.org/
NYCDoug
NYCDoug   |     |   Comment #44
Membership in The Finest Federal Credit Union is open to employees . . . engaged in the police protection industry who work in the State of New York . . .

Individuals eligible for membership also include spouses of persons who died while within the field of membership . . . members of their immediate family or household; and organizations of such persons.

More info
lou
lou   |     |   Comment #42
GTE Financial is starting to concern me. You would have thought they would have terminated their special add-on promotion by now. Because of this site, I'm sure many people have bought these unlimited add-on CDs. This could be more money than they can deal with at some point in the future. Hopefully, this is not a Valor Credit Union situation where they kept their add-on CDs on the market for far too long. I wonder what they are thinking?
Miki Dora
Miki Dora   |     |   Comment #45
Blow out job numbers 224k for June , got to lower rates ??????
Milty
Milty   |     |   Comment #46
Yes, after which the Dow fell . . . Therefore, lower rates to zero immediately, raise tax rates on interest income, only measure inflation based on appliance sales, and let the bombs start falling . . . saving is losing.
deplorable 1
deplorable 1   |     |   Comment #47
The Dow fell only slightly and there is no need to cut rates after the last jobs report. Not that they won't do it anyway based on bogus inflation numbers and political pressure from Trump(.25% cut and done max). Maybe Powell will grow a pair and keep rates where they are now? He didn't raise rates too high and has been doing a good job so far. His only mistake was to cave in to stock market pressure and telegraph a rate cut way too soon before he had enough economic data.
gregk
gregk   |     |   Comment #48
Powell strikes me as a rather shifty character without much conviction or constancy about him, - just the type that someone like Trump can push around. Why in the world else will a rate cut happen later this month? "Trade pressures" and "world economic weakness" are such fatuous rationales, and in fact quite transparent covers for capitulation to stock market manipulators and a bully President. One can only sigh.
deplorable 1
deplorable 1   |     |   Comment #49
I have to agree with you gregk. I was pretty shocked when he did a about face on rate hikes this year before getting to 3%. It seemed like he was caving in to political and stock market pressure. Now it seems he may be willing to cut rates with no good reason. If he stands pat I would still say he's doing a good job.
2cents
2cents   |     |   Comment #50
Shocked? Why should anyone who really doesn't understand be shocked? It just proves nobody knows all that they think they know.
Robb
Robb   |     |   Comment #51
He definitely caved in like a cheap suit after the POTUS started to bully him late last year. No doubt the Fed is politicized imo should they cave into a rate cut at the July meeting as both debt and inflation continue to surge on a number of fronts. Unfortunately, even after the jobs report the fed futures are still showing 100% odds of a cut at the July meeting. It's as if the news is already out there for those in the inner circle even though Powell has publically stated that he and the Fed are data dependent. We will see on the 31st.
Bill Barr
Bill Barr   |     |   Comment #52
There is absolutely no reason for a rate cut. Blowout jobs numbers, stock market at all time highs. Powell is gutless and caved to Trump and Wall Street.
Nothing
Nothing   |     |   Comment #53
There was no reason to have rates rise as they have since 2017. If the rate increase (now) is unjustified that earlier rise was also “wrong.”

Refinancing/rebalancing of loans are coming due...and someone reminded Mr T that that applies to his family portfolio
lou
lou   |     |   Comment #55
The argument is that with low inflation (below the 2% target), there is room for a rate cut. Fed critics are saying we can have consistent 3% growth w/o inflation if the Fed lowers rates. Obviously, I selfishly like high rates, but to be fair there is a plausible argument for lowering them.
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deplorable 1
deplorable 1   |     |   Comment #56
New rate for MACU primary savings 4.24% APY!?!
Also 2.7% for their Money market account?
Ken is this some kind of computer glitch or are these rate increases coming Monday?
I saw nothing on their website or email.
milty
milty   |     |   Comment #57
Ditto that, D1 . . . as a MACU member, say it is so . . . .
lou
lou   |     |   Comment #58
The rate for the 60-month CD is 14.74%. That would be nice.
deplorable 1
deplorable 1   |     |   Comment #59
Then it is definitely some type of glitch in the rate tracking program. I figured it was too good to be true. All their CD rates are straight out of the 80's.
Robb
Robb   |     |   Comment #67
A Navy FCU 3.5% 5 year CD just broke this morning...the highest "Nationwide" deal on the board again for that term. Navy has had some of the better rates this year on their specials. Only 1k minimum.
#68 - This comment has been removed for violating our comment policy.
deskandchairs
deskandchairs   |     |   Comment #70
Seattle Bank just informed me that today, July 11, is the last day their 5 year CD rate of 3.3% will be available. Must apply online and fund using ACH (or appear in person at the branch) if you want this deal before the window closes

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