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CD Rates Summary - February 16, 2021

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When February started, the CD summary listed no rate cuts from the major online banks. I’m afraid that wasn’t repeated. In the last two weeks, CD rate cuts occurred at Synchrony Bank and at Sallie Mae Bank. Synchrony Bank’s cuts were small, with no rate cut on its 5-year term. Sallie Mae Bank’s cuts were larger with its 5-year CD rate falling 15 bps to 0.45%.

Not all of the rate changes were cuts at the major online banks. TIAA Bank increased its CD rates in the last two weeks. The rates moved from below average to just above average. The 5-year rate is now 0.80% and the 1-year rate is now 0.50%.

Also noteworthy is a new limited-time 15-month Select CD at Ally Bank (0.65%). This rate is 5 bps higher than Ally’s 12-month and 18-month rate (0.60%).

Surprisingly, there were quite a few credit unions that did mid-month CD rate cuts. I listed more rate cuts today than I did two weeks ago when February started. Five of the credit unions that had been offering long-term CD rates above 1% had cuts that lowered their rates closer to 1%. One of the credit unions, Quorum, cut its 5-year rate far below 1% to 0.65%. It’s the first time Quorum’s 5-year CD rate has fallen below 1.00% since we began tracking Quorum in 2010. PenFed lowered its CD rates by 5 bps. Its 5-year CD rate is now 0.70%, which is 45 bps lower than the pre-2020 low of 1.15% in 2013.

We gained one 1% CD at a credit union. USALLIANCE Financial launched five new Certificate Specials with terms of 2-year (1.00%), 18-month (0.95%), 1-year (0.85%), 11-month no-penalty (0.55%) and 9-month (0.50%). These rates are much higher than USALLIANCE Financial’s standard CDs with the same terms.

It’s not quite 1%, but GreenState Credit Union’s 17-month and 8-month CD Special rates are close. Early in February, GreenState raised these rates to 0.85% and 0.80%, respectively.

Noteworthy CD rate changes from two weeks ago are included below (All percentages are APYs).

I’ve separated them into three groups: 1) the popular banks, 2) the less well-known banks that have been rate leaders, and 3) the credit unions with easy membership requirements.

Popular Online Banks:

  • TIAA Bank (5yr 0.65% → 0.80%, 1yr 0.35% → 0.50%)
  • Ally Bank (15m Select 0.65% - new)
  • Synchrony Bank (4yr 0.70% → 0.65%, 1yr 0.60% → 0.55%)
  • Sallie Mae Bank (5yr 0.60% → 0.45%, 1yr 0.50% → 0.45%)

Less well-known banks that have been rate leaders in the past:

  • MutualOne FCU (61m 0.90% → 0.70%, 18m 0.75% → 0.50%, 1yr 0.65% → 0.60%)
  • Comenity Direct (1yr 0.60% → 0.63%)
  • Banesco USA (2yr 0.60% → 0.50%, 1yr 0.70% → 0.40%)
  • Popular Direct (1yr 0.30% → 0.25%)

Credit unions that have easy membership requirements:

  • Hiway FCU (5yr 1.35% → 1.25%, 1yr 0.80% → 0.75%)
  • Financial Partners CU (5yr Jbo 1.30% → 1.25%, 1yr Jbo 0.65% → 0.60%)
  • Evansville Teachers FCU (6yr 1.20% → 1.15%, 5yr 1.15% → 1.04%, 1yr 0.70% → 0.60%)
  • Greenwood CU (5yr 1.10% → 1.00%, 1yr 0.75% → 0.60%)
  • AFFCU (7yr 1.15% → 1.00%, 5yr 0.95% → 0.80%, 1yr 0.75% → 0.60%)
  • GreenState CU (17m Spc 0.70% → 0.85%, 8m Spc 0.65% → 0.80%)
  • USALLIANCE Financial CU (5yr 0.90% → 0.85%, 18m 0.70% → 0.95%, 1yr 0.70% → 0.85%)
  • PenFed CU (7yr 0.80% → 0.75%, 5yr 0.75% → 0.70%, 1yr 0.50% → 0.45%)
  • Spectrum CU (5yr 0.85% → 0.75%, 1yr 0.75% → 0.65%)
  • Latino CU (5yr 0.95% → 0.65%, 1yr 0.75% → 0.50%)
  • Quorum FCU (5yr 1.01% → 0.65%, 1yr 0.50% → 0.40%)

Brokered CD Rates

Early in January, there were substantial rate gains on long-term brokered CDs. Gains didn’t continue at the start of February, but there were a few today. The top 5-year non-callable CD rates at Fidelity and Vanguard were 0.65% and 0.60%, respectively. Both had a rate of 0.45% two weeks ago. There were also modest rate gains on the top 4-year CDs. The top 10-year non-callable CD rate continues to be 1.35% at both Fidelity and Vanguard.

For the last year, all of the top non-callable brokered CD rates were well below the top direct CD rates for their respective maturities. That has now changed. A 10-year brokered CDs listed at Vanguard and Fidelity (1.35% APY) now top the list of nationally-available CDs with terms of six years and longer.

For short-term brokered CDs with terms of 1-year and under, rates remain very low. At both Fidelity and Vanguard, the top rates were either 0.05% or 0.02%.

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. When banks offer more callable long-term CDs, it’s a sign that they think rates are heading down. When the number of callable long-term CDs decline, banks may think rates have reached a bottom and will eventually be rising.

Long-dated Treasury yields had big gains in January as the odds increased for more and larger fiscal stimulus. Brokered CD rates often follow Treasury yields. Direct CD rates will often follow brokered CD rates with some lag.

Falling brokered CD rates was a trend that began in November 2018 when the top 5-year rates reached as high as 3.60%. However, that trend may be over. In the last month, long-term brokered CD rates have been on the rise.

Direct CD Rates and Deals

For the 5-year CD category, Affinity Plus Federal Credit Union’s 5-year CD continues to be on top with a 1.50% APY. Barksdale FCU’s 5-year CD (1.45% APY) remains in second place and Advancial Credit Union’s 5-year Jumbo CD (1.41% APY) remains in third place. All three held rates unchanged into February.

The top nationally available 5-year CD rate from a bank is only 1.00% APY. This is available at the following three small banks: First National Bank of America, Hyperion Bank, and State Bank of India in New York.

For shorter-term CDs, Advancial Credit Union’s Jumbo CDs primarily hold the top spots. Advancial hasn’t always made it easy to join and open CDs. Based on info received from Advancial in November, people in any state can still join the association Connex to qualify for Advancial membership. Also, new CDs are available to new members. I have more details in this Advancial CD review.

Close behind Advancial Jumbo CDs are the new CD Specials from USALLIANCE Financial. These include a 1-year CD (0.85%), an 18-month CD (0.95%) and a 2-year CD (1.00%). Minimum deposit is only $500. I’ll have more on these CDs soon. Thanks to DA reader cumulus for posting on these specials in the DA Forum.

Another good credit union CD special is available at Pennsylvania-based Freedom Credit Union. It’s offering a 3-year CD with a 1.50% APY. Unfortunately, this isn’t nationally available. However, residents of DE, MD, NJ, PA, VA, WV, and DC can join via an association membership. More details on this CD Special and on the credit union are available in this blog post. Thanks to DA reader alan1 for posting on this deal in the DA Forum.

Savings and Money Market Accounts

There are currently only three institutions with liquid accounts that offer yields of at least 1.00% without any small maximum balance, activity/checking requirements or unusual withdrawal limitations.

Two of these three are the same two accounts that I reported two weeks ago. The other one I just reported on last week. It’s the fintech M1 Finance. This is a brokerage firm and robo-advisor which also offers a checking account called M1 Spend. M1 Finance has partnered with Lincoln Savings Bank which holds the deposits and allows deposits to be FDIC insured. The Spend account has two options: basic and plus. The basic account offers no interest. The plus account offers 1% APY on all balances. The downside with M1 Plus is a $125-per-year maintenance fee that can’t be waived.

Another of the three is a fintech. This fintech is T-Mobile Money, and it has partnered with a bank (Customers Bank) to hold the deposits in an FDIC-insured account. Its checking account offers 1.00% APY on all balances without any activity requirements.

Early in December, two other fintechs had been in the 1% group, but both had large rate cuts. Chime’s savings account rate was slashed from 1.00% to 0.50%, and Affirm’s savings account was slashed from 1.00% to 0.65%.

The third institution with a 1% account is Advancial Credit Union. Its Premium Money Market account continues to have a 1.01% APY for a minimum balance of $100k. For those interested in Advancial CDs, this is another reason to join.

There’s also one easy-membership credit union that is offering an IRA savings account with a 1% APY. It’s U.S. Postal Federal Credit Union, and its IRA savings account rate has never fallen below 1% since we began tracking the account in 2011.

For more details about these three accounts, please refer to my latest liquid account summary.

Safety of the Banking System and Your Deposits

Even though the banking industry is in a much better position now than it was in 2008, the crisis is stressing the financial system. Weak banks and credit unions will have a higher chance of failing over the next year. Thus, this is the time to be extra careful that your deposits are within the FDIC and NCUA limits.

Federal Reserve and Interest Rate Summary

The Fed and economy review is now 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.

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 February 16, 2021

Under 1-Year CD Rates

InstitutionRatesNotes
Advancial0.94% ($50k) 6-month Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past
Veridian Credit Union0.85% ($100k) 7-month Jumbo CD SpecialEasy membership See review
NASA Federal Credit Union0.75% ($10k) 9-month Share Certificate Special Easy membership Account review
LaFayette Federal Credit Union0.70% ($500) 7-month Fixed CD Easy membership Account review
CommunityWide Federal Credit Union0.70% ($1k) 6-month Share CertificateEasy membership Account review
CFG Bank0.62% ($500) 13-month Penalty Free CDAccount review
Quontic Bank0.60% ($500) 6-month CDAccount review
USALLIANCE Financial0.55% ($500) 11-month No-Penalty CD (**NTS) Easy membership Account review
Marcus by Goldman Sachs0.55% ($500) 8-month No-Penalty CD Available to active AAPR members only Account review
iGObanking0.55% ($1k) 6-month iGOCD Account review
Ally Bank0.50% ($25k) 11-month No-Penalty CD Account review
Marcus by Goldman Sachs0.45% ($500) 7-month No-Penalty CD Account review
Marcus by Goldman Sachs0.35% ($500) 11-month No-Penalty CD Account review
Fidelity Brokered CD0.05% (APR) 3-month non-callable CDIssued by FMSB*
Fidelity Brokered CD0.02% (APR) 9-month non-callable CDIssued by BBSSB, BBUSA, MFB*
The Vanguard Group Brokered CD0.02% (APR) 7-9 month non-callable CDIssued by MFB*
The Vanguard Group Brokered CD0.02% (APR) 4-6 month non-callable CDIssued by MFB*
Fidelity Brokered CD0.02% (APR) 6-month non-callable CDIssued by MFB*

Noteworthy Local Deals - Under 1-Year CDs

Rio Grande Credit Union1.11% ($25k) 6-month Jumbo IRA CD2 New Mexico counties See review
TEXAR Federal Credit Union0.95% ($1k) 6-month Share Certificate 4 Texas and 2 Arkansas counties See review
TTCU Federal Credit Union0.85% ($100k) 6-month Income CD14 Oklahoma counties
EFCU Financial0.85% ($100k) 6-month Jumbo CD 9 Louisiana parishes See review
GreenState Credit Union0.80% ($1k) 8-month CD Special (**NTS)Iowa and IL, NE, SD, WI counties that border on Iowa See review

1-Year CD Rates

Advancial0.98% ($50k) 1-year Jumbo Certificate Possible easy membership - membership and CD eligibility have been restricted in the past See review
USALLIANCE Financial0.85% ($500) 12-month Certificate Special (**NTS) Easy membership Account review
Lafayette Federal Credit Union0.80% ($500) 1-year Fixed CD Easy membership Account review
Credit Union of Denver0.80% ($5k) 13-month Certificate SpecialEasy membership Account review
Northrop Grumman Federal Credit Union0.79% ($40k) 12-month Bonus Term CD (**NTS)Easy membership See review
Paramount Bank0.75% ($1k) 12-month CDAccount review
NexBank0.75% ($10k) 12-month CDAccount review
CFG Bank0.67% ($500) 12-month CDAccount review
Live Oak Bank0.65% ($2.5k) 1-year Account review
Quontic Bank0.65% ($500) 1-year CD (**NTS)Account review
Fidelity Brokered CD0.05% (APR) 1-year non-callable CDIssued by ISDB, SAFB*
The Vanguard Group Brokered CD0.05% (APR) 1-year non-callable CDIssued by DMB, FFOH, FLAG, ISDB, PCB, SAFB*

Noteworthy Local Deals - 1-Year CDs

Rio Grande Credit Union1.97% ($25k) 12-month Jumbo IRA CD2 New Mexico counties See review
Democracy Federal Credit Union1.51% ($500) 12-month IRA CDWashington DC metro area See review
CoastLife Credit Union1.36% ($1k) 12-month CD6 Texas counties See review
Cencap Federal Credit Union1.25% ($25) 12-month Save to Win Share Certificate Hartford, CT area See review
Navy Army Community Credit Union1.20% ($100k) 1-year Jumbo CD8 Texas counties See review
Olean Area Federal Credit Union1.10% ($500) 14-month CD Special (**NTS)2 western New York and 2 Pennsylvania counties See review
Keesler Federal Credit Union1.05% ($25) 1-year FirstStep CD Easy membership in AL, LA, and MS See review

18-month CD Rates

Advancial1.02% ($50k) 18-month Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Western Vista Credit Union1.00% (no min) 19-month CD Special Easy membership See review
USALLIANCE Financial0.95% ($500) 18-month Certificate Special (**NTS) Easy membership Account review
Consumers Credit Union (IL)0.90% ($250k) 20-month Super Jumbo CD Easy membership See review
Primary Bank0.80% ($1k) 18-month CD Available in CT, ME, MA, NH, RI, and VT Account review
NASA Federal Credit Union0.80% ($10k) 15-month Share Certificate SpecialEasy membership Account review
Paramount Bank0.75% ($1k) 18-month CD Account review
EBSB Direct0.70% ($1k) 15-month CDOnline bank See review
INSBANK Online0.70% ($2.5k) 18-month CD Account review
First Internet Bank0.65% ($1k) 18-month CD Account review
Limelight Bank0.65% ($500) 1-year CD (**NTS)Account review
Fidelity Brokered CD0.05% (APR) 18-month non-callable CDIssued by HSTB*
The Vanguard Group Brokered CD0.05% (APR) 13-18 month non-callable CDIssued by DMB, ISDB*

Noteworthy Local Deals - 18-Month CDs

Rio Grande Credit Union1.92% ($25k) 18-month Jumbo IRA CD2 New Mexico counties See review
Round Top State Bank1.51% ($100) 18-month IRA CDAustin, Texas area See review
TEXAR Federal Credit Union1.35% ($1k) 18-month Share Certificate 4 Texas and 2 Arkansas counties See review
First Bank Richmond1.11% ($500) 17-month CD SpecialCentral Indiana
Diversified Members Credit Union1.10% ($200) 18-month CD Special (**NTS)Michigan See review
MilWay Federal Credit Union1.05% ($2.5k) 18-month CD1 Texas and 2 Arkansas counties See review
Chicago Municipal Employees Credit Union1.05% ($25k), 0.65% ($10k), 0.55% ($1k) 18-month Share CertificateCity of Chicago employees; portions of Cook County

2-Year CD Rates

U S Postal Service Federal Credit Union1.20% ($250) 2-year IRA Certificate (IRA only)Easy membership See review
Advancial1.08% ($50k) 2-year Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
USALLIANCE Financial1.00% ($500) 24-month Certificate Special (**NTS) Easy membership Account review
Wings Financial Credit Union0.95% ($250k), 0.90% ($100k) 2-year Certificate Easy membership See review
Northrop Grumman Federal Credit Union0.91% ($40k) 24-month Bonus Term CD Easy membership See review
Superior Choice Credit Union0.90% ($100k), 0.85% ($50k), 0.80% ($25k), 0.75% ($10k), 0.70% ($2.5k) 2-year Share Certificate Easy membership Account review
INSBANK Online0.80% ($2.5k) 2-year CD Account review
Primary Bank0.75% ($1k) 2-year CD Available in CT, ME, MA, NH, RI, and VT Account review
Paramount Bank0.75% ($1k) 24-month CD Account review
Comenity Direct0.75% ($1.5k) 2-year CD Account review
First National Bank of America0.70% ($1k) 24-35 month CD Account review
Live Oak Bank0.70% ($2.5k) 2-year CD (**NTS)Account review
Fidelity Brokered CD0.15% (APR) 2-year non-callable CDIssued by HSTB*
The Vanguard Group Brokered CD0.15% (APR) 2-year non-callable CDIssued by HSTB*

Noteworthy Local Deals - 2-Year CDs

Rio Grande Credit Union2.07% ($25k) 24-month Jumbo IRA CD2 New Mexico counties See review
Ouachita Valley Federal Credit Union1.76% ($25k) 24-month IRA Certificate7 Lousiana parishes See review
CoastLife Credit Union1.51% ($1k) 24-month CD6 Texas counties See review
Navy Army Community Credit Union1.30% ($100k) 2-year Jumbo CD 8 Texas counties See review
La Joya Area Credit Union1.26% ($1k) 24-month CD (**NTS)Hildago County, Texas
Chicago Municipal Employees Credit Union1.25% ($25k), 0.75% ($10k), 0.65% ($1k) 24-month Share CertificateCity of Chicago employees; portions of Cook County
Second Federal Savings and Loan1.20% ($5k) 29 month CD Special (**NTS)Philadelphia metro area - See review

3-Year CD Rates

Freedom Credit Union1.50% ($500) 36-month CD (**NTS)Easy membership in DC, DE, MD, NJ, PA, VA, WV See review
Advancial1.17% ($50k) 3-year Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Wings Financial Credit Union1.11% ($250k), 1.06% ($100k) 3-year CertificateEasy membership See review
Northrop Grumman Federal Credit Union1.05% ($40k) 36-month Bonus Term CD Easy membership See review
Lafayette Federal Credit Union1.01% ($500) 3-year Fixed CD (**NTS)Easy membership Account review
Financial Resources Credit Union1.01% ($500) 35-month Bump-Up CD Special Easy membership See review
Primary Bank0.85% ($500) 36-month CDAvailable in CT, ME, MA, NH, RI, and VT Account review
iGObanking0.85% ($1k) 36-month iGOCD Account review
Comenity Direct0.85% ($1.5k) 36-month CD Account review
INSBANK Online0.85% ($2.5k) 3-year CD Account review
First Internet Bank0.81% ($1k) 36-month CD Account review
Hyperion Bank0.80% ($500) 36-month CD (**NTS) Account review
Fidelity Brokered CD0.20% (APR) 3-year non-callable CDIssued by BMW, FNB, LOB, MBC*
The Vanguard Group Brokered CD0.20% (APR) 3-year non-callable CDIssued by BMW, FLAG*

Noteworthy Local Deals - 3-Year CDs

Rio Grande Credit Union2.17% ($25k) 36-month Jumbo IRA CD2 New Mexico counties See review
Democracy Federal Credit Union1.82% ($2k) 36-month IRA CDWashington DC metro area See review
CoastLife Credit Union1.61% ($1k) 36-month CD6 Texas counties See review
La Joya Area Credit Union1.46% ($1k) 36-month CDHildago County, Texas
Chicago Municipal Employees Credit Union1.45% ($25k), 0.85% ($10k), 0.75% ($1k) 36-month Share Certificate City of Chicago employees; portions of Cook County
Sea Comm Federal Credit Union1.40% ($1k) 3-year CD 4 New York and 3 Vermont countiesSee review
Navigator Credit Union1.40% ($100k) 36-month Jumbo Share CD 2 AL and 1 MS counties See review

4-Year CD Rates

Advancial1.27% ($50k) 4-year Jumbo Certificate Possible easy membership - membership and CD eligibility have been restricted in the past See review
Wings Financial Credit Union1.21% ($250k), 1.16% ($100k) 4-year CertificateEasy membership See review
Affinity Plus Federal Credit Union1.20% ($500) 48-month CD (**NTS)Easy membership See review
Barksdale Federal Credit Union1.20% ($1k) 48-month CertificateMilitary relationship See review
Lafayette Federal Credit Union1.16% ($500) 4-year Fixed CD (**NTS)Easy membership Account review
Primary Bank1.04% ($1k) 4-year CDAvailable in CT, ME, MA, NH, RI, and VT Account review
Hyperion Bank0.90% ($500) 48-month CD Account review
iGObanking0.90% ($1k) 48-month iGOCD Account review
First Internet Bank0.86% ($1k) 48-month CD Account review
Comenity Direct0.85% ($1.5k) 4-year CD Account review
First National Bank of America0.85% ($1k) 48-59 month CD (**NTS) Account review
Fidelity Brokered CD0.40% (APR) 4-year non-callable CDIssued by LOB*
The Vanguard Group Brokered CD0.30% (APR) 4-year non-callable CDIssued by BMW*

Noteworthy Local Deals - 4-Year CDs

Rio Grande Credit Union2.17% ($25k) 48-month Jumbo IRA CD2 New Mexico counties See review
Chicago Municipal Employees Credit Union1.65% ($25k), 0.90% ($10k), 0.80% ($1k) 48-month Share CertificateCity of Chicago employees; portions of Cook County
Navigator Credit Union1.65% ($100k) 48-month Jumbo Share CD 2 AL and 1 MS counties See review
La Joya Area Credit Union1.61% ($1k) 48-month CDHildago County, Texas
Sea Comm Federal Credit Union1.55% ($1k) 4-year CD 4 New York and 3 Vermont counties See review
Keys Federal Credit Union1.51% ($500) 48-month Share Certificate Florida Keys

5-Year CD Rates

Affinity Plus Federal Credit Union1.50% ($500) 60-month CDEasy membership See review
Barksdale Federal Credit Union1.45% ($1k) 60-month CertificateMilitary relationship See review
Advancial1.41% ($50k) 5-year Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Wings Financial Credit Union1.41% ($250k), 1.36% ($100k) 5-year CertificateEasy membership See review
U S Postal Service Federal Credit Union1.30% ($250) 5-year IRA Certificate (IRA only)Easy membership See review
Lafayette Federal Credit Union1.26% ($500) 5-year Fixed CD (**NTS)Easy membership Account review
Primary Bank1.15% ($1k) 5-year CDAvailable in CT, ME, MA, NH, RI, and VT Account review
Hyperion Bank1.00% ($500) 60-month CD Account review
First National Bank of America1.00% ($1k) 60-month CD
State Bank of India1.00% ($25k) 5-year Senior Citizen CD Account review
First Internet Bank0.96% ($1k) 60-month CD Account review
State Bank of India (IL)0.95% ($2.5k) 5-year Senior Citizens CD Account review
Fidelity Brokered CD0.65% (APR) 5-year non-callable CDIssued by SBoI*
The Vanguard Group Brokered CD0.60% (APR) 5-year non-callable CDIssued by SBoIIL*

Noteworthy Local Deals - 5-Year CDs

Rio Grande Credit Union2.17% ($25k) 60-month Jumbo IRA CD2 New Mexico counties See review
Complex Community Credit Union2.10% ($500) 60-month CD Midland and Odessa, Texas See review
Democracy Federal Credit Union2.02% ($2.5k) 60-month IRA CDWashington DC metro area See review
Navigator Credit Union1.95% ($100k) 60-month Jumbo Share CD2 AL and 1 MS counties See review
La Joya Area Credit Union1.81% ($1k) 60-month CD Hildago County, Texas
Keys Federal Credit Union1.76% ($500) 60-month Share Certificate (**NTS)Florida Keys
Sea Comm Federal Credit Union1.75% ($1k) 5-year CD 4 New York and 3 Vermont counties See review

Over 5-Year CD Rates

Fidelity Brokered CD1.35% (APR) 10-year non-callable CDIssued by SBoI*
The Vanguard Group Brokered CD1.35% (APR) 10-year non-callable CDIssued by SBoI*
SRP Federal Credit Union1.26% ($5k) 7-year Flex CDEasy membership See review
Northrop Grumman Federal Credit Union1.24% ($40k) 84-month Bonus Term CDEasy membership See review
Evansville Teachers Federal Credit Union1.15% ($1k) 6-year CDEasy membership See review
First National Bank of America1.10% ($1k) 84-month Time CD
AFFCU1.00% ($2.5k) 84-month Share CertificateEasy membership See review
Fidelity Brokered CD0.85% (APR) 7-year non-callable CDIssued by BRGW*
KS State Bank0.75% ($500) 7-year CD Account review
PenFed Credit Union0.75% ($1k) 7-year Money Market CertificateEasy membership See review
Third Federal Savings and Loan0.70% ($500) 72-month CD Account review
The Vanguard Group Brokered CD0.70% (APR) 7-year non-callable CDIssued by LUASB*
Marcus by Goldman Sachs0.60% ($500) High-Yield 6 Year CD Account review
EmigirantDirect.com0.60% ($1k) 60-120 month CD Account review

Noteworthy Local Deals - Over 5-year CDs

Founders Federal Credit Union1.76% ($100k), 1.61% ($50k), 1.51% ($500) 84-month IRA CD 4 SC counties, 60 SC Census Tracts Account review
First Peoples Community Federal Credit Union1.70% ($500) 72-month Share Certificate3 MD, 3 PA, and 3 WV counties Account review
Campus Federal1.60% ($1k) 72-month CD (**NTS)Louisiana Account review
Security First Credit Union1.56% ($100k), 1.46% ($50k), 1.41% ($25k), 1.36% ($1k) 84-month CD Rio Grande Valley, Texas See review
Via Credit Union1.51% ($500) 60-71 month CD 12 Indiana counties See review
First Guaranty Bank1.50% ($500) 8-year CD 11 LA parishes and 5 TX counties See review

* BBSSB (Beal Bank SSB), BBUSA (Beal Bank USA), BMW (BMW Bank), BRGW (Bridgewater Bank), DMB (DMB Community Bank), FFOH (FIrst Financial Bank OH), FLAG (Flagstar Bank FSB), FNB (First National Bank), HSTB (Homestreet Bank), ISDB (Israel Discount Bank), LOB (Live Oak Banking Company), LUASB (Luana Savings Bank), MBC (Merrick Bank Corp), MFB (MidFirst Bank OK), PCB (Pacific City Bank), SAFB (Safra Bank), SBoI (State Bank of India), SBoIIL (State Bank of India IL)

**New To Summary, as of February 16, 2021

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available

None

CDs Removed, Rate Too Low

TAB Bank0.40% ($1k) 9-month CD Account review
InTouch Credit Union0.75% ($1k) 7-month CD 1 Michigan county, 3 Texas counties, 10 Nevada communities
CommunityWide Federal Credit Union0.75% ($1k) 12-month Share CertificateEasy membership Account review
Evansville Teachers Federal Credit Union0.60% ($1k) 14-month CDEasy membership Account review
Banesco USA0.40% ($1.5k) 12-month CDAccount review
TEXAR Federal Credit Union1.05% ($1k) 12-month Share Certificate4 Texas and 2 Arkansas counties See review
Evansville Teachers Federal Credit Union0.75% ($1k) 18-month CDEasy membership Account review
MutualOne Bank0.50% ($500) 18-month CD Account review
Grinnell State Bank0.75% ($15k) 15-month One-Time Bump CD Special Central Iowa
Evansville Teachers Federal Credit Union0.85% ($1k) 2-year CDEasy membership Account review
MutualOne Bank0.50% ($500) 24-month CD Account review
Encompass Credit Union1.00% ($500) 24-month CD3 Indiana counties See review
Bossier Federal Credit Union0.75% ($1k) 24-month CD3 Louisiana parishes See review
Evansville Teachers Federal Credit Union0.95% ($1k) 3-year CD Easy membership Account review
MutualOne Bank0.65% ($500) 36-month CD Account review
Hiway Credit Union1.10% ($25k), 1.00% ($10k), 0.90% ($500) 48-59 month CD Easy membership See review
Evansville Teachers Federal Credit Union1.00% ($1k) 4-year CD Easy membership See review
MutualOne Bank0.65% ($500) 48-month CD Account review
Lexington Federal Credit Union1.61% ($500) 60-month Share Certificate Rochester, New York See review
Royal Credit Union1.00% (no min) 72-month CD 16 Minnesota and 26 Wisconsin counties See review
Related Pages: 1-year CD rates, 5-year CD rates, IRA CD rates, nationwide deals, Internet banks
Comments
gregk
  |     |   Comment #1
Do these little weekly ups and downs in already miniscule CD rates really matter anymore?

Is there anyone here just waiting for a .70% 1 year or 5 year CD to go up a few basis points before jumping in, or particularly crestfallen by an equal move downward that ruins their plans?

Describing any of these cataloged changes at this point as "noteworthy" is quite the misnomer.given that so very few are likely committing funds.
Buckeyes
  |     |   Comment #2
i asked the very same question , perhaps not as delicately, on a different blog article and the post was deleted.
mix
  |     |   Comment #5
A 0.20% increase on $50,000 is $100 per year. This is about the minimum to be worth my time.
milty
  |     |   Comment #6
Although I agree with your assessment, I still find myself routinely reading this site, since I don't intend to invest large sums in stocks or bitcoin, to see if the averages have ticked up or down and hoping to find a sliver of hope for DA savers.
#3 - This comment has been removed for violating our comment policy.
nerfoid
  |     |   Comment #4
Ken,
Thank you for this. A few comments: As of today, Western Vista CU no longer offers its 1% 19-month CD.
Also, I called Advancial twice in an attempt to qualify for membership. You had recent posts indicating they had opened up their membership criteria, and readers could qualify to open money market and CD accounts by using their Connex system. Both times the reps. flatly stated that this is not the case, and were very unhelpful.
milty
  |     |   Comment #7
Sun East FCU is offering the following CD renewal APY rates: [email protected]:00%, [email protected]%, [email protected]%
gregk
  |     |   Comment #8
Factoring in taxes and (likely) inflation, in other words, your petite return will become a substantial loss.
milty
  |     |   Comment #9
Well, maybe, although we know we're all affected differently to some degree by inflation. But, the one thing I won't lose is my principal (nor what remains of my paltry interest) thanks to FDIC/NCUA. At my age, I am done gambling in the Market (particularly this inflated one), and so whether i earn 1.5% or 0.15%, I am not going to risk large sums . . . I don't need to.
Buckeyes
  |     |   Comment #11
the market has averaged a 10% return for a decade. with so many solid companies paying up to even 10% yields, it seems to me dumping anything into long term cd's right now is foolish. Just don't get into momentum trades and stick to fundamentals is my advice, and you will crush the pathetic CD rates currently available. Gregk is right.
agletdave
  |     |   Comment #10
Does Ken publish "Raise your rate" certificate rates anywhere on the site? Seems like it is finally relevant now that rates are climbing.
gregk
  |     |   Comment #12
Rates on CD's are not climbing.
Choice
  |     |   Comment #13
Dave...Better yet...where are any CD rates climbing?
Buckeyes
  |     |   Comment #14
and they are finally admitting inflation is coming if not already here. And what will Powell do? Nothing. So we fall behind even further.
GreenDream
  |     |   Comment #15
When discussing things like "rates are climbing", it helps to be specific as to what rates you are referring to (there's many to choose from, interest on Savings/Cds, Fed funds, inflation, etc). as gregk points out, cd rates *currently* are not climbing. Inflation rates, on the other hand, appears to be doing so (which shouldn't be much of a surprise, given all the money the government has been pumping out) . All else being equal, one would expect higher inflation to eventually translate into higher interest rates, which is what I assume you are hoping for by bringing up the "raise your rate" certificates.

DA has an article on these "raise your rate" certificates here:
https://www.depositaccounts.com/blog/2014/05/raise-rate-type-cds-good-deal.html

to quote the article's quote of reader me1004: these bump-up CDs often "sound a LOT better than they are."

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