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CD Rates Summary October 9, 2018

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The September jobs report was released Friday. The unemployment rate declined to 3.7% in September, the lowest rate since 1969. However, the number of jobs created in September of 134,000 was below the consensus estimate of 185,000. The report was generally considered strong enough to keep the Fed on track with gradual rate hikes. Economist Tim Duy had this to say about the jobs report in his Fed Watch blog post:

The labor market retained sufficient strength to convince Powell & Co. to stick with the current policy path. Expect more rates hikes in the months ahead as the early reads on the third quarter, primarily October survey data, indicate that the economic momentum continues.

Important inflation data is scheduled for release this week. The Producer Price Index is scheduled for release on Wednesday, and the Consumer Price Index (CPI) is scheduled for a Thursday release. Any unexpected uptick in inflation will encourage the Fed to keep the rate hikes coming. It would also put upward pressure on long-term Treasury yields.

Treasury yields had large gains from last week, with yields reaching multi-year highs. The 10-year note and the 30-year bond had the largest rate increase, rising 16 bps and 17 bps, respectively. This resulted in a wider yield curve. The yield curve as defined by the 10-2 spread (the difference between the yields of the 10-year and 2-year Treasury notes) widened by 10 bps to 33 bps in the last week. This is a good sign for those waiting for higher long-term CD rates.

Treasuries continue to be a competitive alternative to CDs, especially for terms of 2-years and under. They become even more competitive when the tax advantages of Treasuries are considered. For more discussion on the pros and cons of Treasuries Notes compared to CDs, please refer to this DA Forum thread and this DA blog article.

The solid jobs report also impacted the Fed funds futures, which now show an 83.0% chance of a December Fed rate hike, up from 75.9% last week. There were also large increases in the odds for the Fed funds rate to be up by at least 50 bps by next March and up by at least 75 bps by next June.

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

Treasury Yields:

  • 1-month: 2.17% up from 2.14% last week (1.03% a year ago)
  • 6-month: 2.46% up from 2.41% last week (1.22% a year ago)
  • 1-year: 2.65% up from 2.61% last week (1.35% a year ago)
  • 2--year: 2.88% up from 2.82% last week (1.54% a year ago)
  • 5--year: 3.05% up from 2.94% last week (1.97% a year ago)
  • 10-year: 3.21% up from 3.05% last week (2.37% a year ago)
  • 30-year: 3.37% up from 3.20% last week (2.91% a year ago)

Fed funds futures' probabilities of future rate hikes by:

  • Dec 2018 - up by at least 25 bps: 83.0% up from 75.9% last week
  • Mar 2019 - up by at least 50 bps: 57.9% up from 43.1% last week
  • Jun 2019 - up by at least 75 bps: 40.5% up from 26.2% last week

Certificate of Deposit Rates

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

Best Nationally-Available CD Rates

We continue to see new 3%+ CDs with terms under 3 years. Two new nationally-available ones have terms around 18 months. The first is the 19-month CD at MutualOne Bank (3.04% APY). The second is the 16-month Certificate Special at Premier America Credit Union (3.00% APY).

For terms around two years, 3% CDs from two banks and one credit union were added to the nationwide list. The highest rate is the 2-year Senior Citizens CD from State Bank of India (3.03% APY). Only those who are 60 years or older are eligible for the Senior Citizens CDs. ConnectOne Bank is offering a 23-month Online CD (3.00% APY,) and Navy Federal Credit Union is offering a 2-year Certificate (3.00% APY). Navy Federal CDs are available nationwide, but to be eligible for membership, you must have a military connection.

2-year brokered CD rates are fast approaching 3%. Both Fidelity and Vanguard were offering new-issue 2-year brokered CDs from Well Fargo today with a rate of 2.95%.

The top nationally-available 3-year CD rate continues to be 3.35% APY, but there are now two easy-membership credit unions that are offering this. Veridian Credit Union continues to offer its special 41-month Jumbo CD with a 3.35% APY. This requires a $100k minimum deposit. Mountain America Credit Union (MACU) increased its 3-year CD rate for October to 3.35% APY. This requires only a $500 minimum. MACU’s 5-year CD rate also went up for October, but the rate now matches the 3-year rate (3.35% APY).

As in the case for MACU, terms longer than three years don’t provide much yield advantage. The top 4-year CD rate is only 3.35% APY (from a new 45-month Jumbo CD special at Consumers Credit Union). Only one institution is offering a nationally-available 5-year CD rate that’s significantly higher than the top 3-year rate. That’s United States Senate FCU which increased its 5-year CD rates by 10 bps. Its top 5-year rate is now 3.63% APY for a $60k minimum deposit. Brokered 5-year CDs are now in second place with a 3.40% rate.

For terms of one year and under, 2.75% APY is still the highest rate for nationally-available CDs.

USALLIANCE Financial continues to offer a 12-month CD special that earns 2.75% APY ($500 minimum), and Andrews Federal Credit Union continues to offer a 9-month Certificate that earns 2.75% APY.

Savings & Checking Account Rates

I have just one quick note about the top savings account. Last week a new savings account rate leader emerged. EBSB Direct began offering 2.50% APY on its High-Yield Statement Savings Account for balances between $5,000 and $1 million.

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.

Yields Accurate as of October 9, 2018

Under 1-Year CD Rates

InstitutionRatesNotes
Andrews Federal Credit Union2.75% ($250k max) 9-month Certificate SpecialEMR See review
Montgomery County Employees Federal Credit Union2.53% ($1k) 9-month Share Certificate SpecialEasy membership See review
Service Credit Union2.50% ($1k) 9-month CertificateMilitary relationship See review
CD Bank2.45% ($10k) 9-month CDInternet bank See review
Fidelity Brokered CD2.35% (APR) 9-month non-callable CDIssued by IBSH, SSB*
The Vanguard Group Brokered CD2.35% (APR) 9-month non-callable CDIssued by BUN*
Communitywide FCU2.30% ($2k) 6-month Share CertificateEasy membership Account review
DollarSavingsDirect2.25% ($1k) 6-month CDInternet bank See review
EmigrantDirect2.25% ($1k) 6-month CDInternet bank See review
MySavingsDirect2.25% ($1k) 6-month CDInternet bank See review
Customers Bank2.25% ($25k)Ascent Money Market Savings (rate guarantee through 6/30/2019 - Account review
Fidelity Brokered CD2.25% (APR) 6-month non-callable CDIssued by BMT, HADSB, HSTB*
The Vanguard Group Brokered CD2.25% (APR) 6-month non-callable CDIssued by BUN*
Live Oak Bank2.20% ($2.5k) 6-month CDInternet bank Account review
Limelight Bank2.15% ($1k) 6-month CDInternet bank See review
USALLIANCE Financial2.12% ($500) 9-month Fixed Rate CertificateAccount review
United Bank2.10% Advantage Money Market, 180-day rate guarantee25 states See review
CD Bank2.10% ($10k) 6-month CDInternet bank See review
The Vanguard Group Brokered CD2.10% (APR) 3-month non-callable CDIssued by BoEA*
Fidelity Brokered CD2.10% (APR) 3-month non-callable CDIssued by HVB, MZTB, SNVO*
Popular Direct2.05% ($10k) 6-month Popular Direct CDInternet bank See review
Chartway Federal Credit Union2.00% ($100) 12-month CD No PenaltyEasy membership See review
Ally Bank2.00% ($25k), 1.95% ($5k) No-Penalty 11-month CDInternet bank See review

Noteworthy Local Deals - Under 1-Year CDs

Kohler Credit Union2.75% ($10k) 9-month Share Certificate8 Southeast Wisconsin counties See review
Members Choice Credit Union2.45% ($50k) 9-month Jumbo CDHouston area See review
Arapahoe Credit Union2.40% ($100) 6-11 month CDEMR for Colorado residents See review
Bankers Trust Company2.35% (base rate) 7-month Promotional CDIowa and Arizona See review
Members Choice Credit Union2.35% 9-month CDHouston area See review
Ocean Bank2.35% ($2.5k) 9-month CD2 South Florida counties See review
Westbury Bank2.30% 9-month CDEastern Wisconsin See review
Evergreen Bank Group2.25% ($10k) 7-month CD SpecialChicago metropolitan area See review
Bogota Savings Bank2.20% ($1k) 8-month CDNorthern New Jersey See review
Frankenmuth Credit Union2.15% ($100k) 9-month CDMichigan See review
Arapahoe Credit Union2.10% ($100) 3-5 month CDEMR for Colorado residents See review
Sunstate Bank2.10% ($2.5k) 7-month Promo CDSouth Florida See review

1-Year CD Rates

USALLIANCE Financial2.75% ($500) 12-month Promo Rate CDAccount review
State Bank of India2.74% ($25k) 12-month Senior Citizen CD See review
Virtual Bank2.68% ($10k) 12-month eCD See review
BankPurely2.65% ($1k) 12-month PurelyCDInternet bank See review
iGObanking2.65% ($1k) 12-month iGOCD See review
First Internet Bank2.65% ($1k) 12-month CDInternet bank See review
Limelight Bank2.65% ($1k) 12-month CDInternet bank See review
Live Oak Bank2.65% ($2.5k) 1-year CDInternet bank Account review
SallieMae Bank2.65% ($2.5k) 12-month CDAccount review
TIAA Bank2.65% ($5k) 1-year Yield Pledge CD Internet bank See review
M.Y. Safra Bank2.65% ($5k) 12-month Online Promo CD See review
Alliant Credit Union2.65% ($25k) 12-17 month Jumbo Share CertificateInternet bank See review
NASB2.63% ($1k) 12-month Online CD Special See review
United Texas Bank2.60% ($1k) 12-month CD See review
PenFed Credit Union2.60% ($1k) 12-month Money Market CertificateEasy membershipAccount review
CD Bank2.60% ($10k) 12-month CDInternet bank See review
PurePoint Financial2.60% ($10k) 12-month CDInternet bank See review
State Bank of Texas2.60% ($25k) 12-month Jumbo CDAccount review
Fort Knox Federal Credit Union2.60% ($500) 14-month CD SpecialEasy membership
Vio Bank2.55% ($500) 12-month High Yield Online CD Internet bank See review
Bank5 Connect2.55% ($500) 12-month Connect CDAccount review
Marcus by Goldman Sachs2.55% ($500) 12-month High Yield CD
Congressional Bank2.55% ($25k) 12-month High Yield CDAccount review
Fidelity Brokered CD2.55% (APR) 1-year non-callable CDIssued by BH, SNVO, SPBP*
The Vanguard Group Brokered CD2.55% (APR) 1-year non-callable CDIssued by SBPB*
GTE Financial2.53% ($100k) 2.27% ($500) 12-month Add-On Promo CDEasy membership See review
Colorado Federal Savings Bank2.51% ($5k) 1-year CDInternet bank Account review

Noteworthy Local Deals - 1-Year CDs

Home Loan Investment Bank3.15% ($100k) 14-month in-branch CDConnecticut, Massachusetts, Rhode Island See review
General Electric Credit Union2.90% ($100k) 1-year Jumbo Certificate Special16 Ohio, 5 Kentucky, and 5 Indiana counties See review
Texas Exchange Bank2.85% ($10k) 12-month CDSee review
First United2.85% ($50k) 14-month Performance CD13 Oklahoma and 16 Texas counties See review
Centris Credit Union2.84% ($90k) 14-month Jumbo CD3 Nebraska and 1 Iowa counties See review
Navy Army Community Credit Union2.83% ($1k) 13-month CD Special8 South Texas counties See review
Ocean State Credit Union2.80% ($1k) 1-year CD SpecialEasy membership, but requires in-branch visit See review
First Federal Savings Bank2.78% 11-month CD Special5 northcentral Indiana counties See review
Aurora Schools Federal Credit Union2.75% ($5k) 12-month Certificate SpecialEasy membership for Colorado residents See review
Affiliated Bank2.75% ($10k) 13-month CD SpecialDallas, Tarrant, and Travis Counties, Texas See review
American Eagle Bank of Chicago2.75% ($1k) 14-month New Money Step Up CDCook and Kane Counties, Illinois See review
Westfield Bank2.73% ($2.5k) 13-month CD SpecialOhio See review
Reliance Bank2.65% ($1k) 13-month Add-On CD SpecialMissouri and Illinois See review
Ocean Bank2.65% ($2.5k) 13-month CD2 South Florida counties See review
Cross River Bank2.63% ($500) 12-month CDNew Jersey See review
IC Federal Credit Union2.59% ($500) Special 1-year CD6 eastern Massachusetts counties See review
First Advantage Bank2.55% ($10k) 14-month CD SpecialTennessee and Kentucky See review

18-month CD Rates

MutualOne Bank3.04% ($1k) 19-month CD See review
Premier America Credit Union3.00% ($1k) 16-month Fall CD SpecialEasy membership Account review
Consumers Credit Union2.85% ($100k) 15-month Jumbo CD SpecialEasy membership Account review
Veridian Credit Union2.85% ($100k) 18-month Bump-Up Jumbo CDEasy membership Account review
Luther Burbank Savings2.83% ($1k) 18-month Step Up CD See review
Popular Direct2.80% ($10k) 18-month Popular Direct CDInternet bank
Latino Credit Union2.80% ($200k) 18-month Jumbo CD Easy membership See review
GTE Financial2.78% ($100k) 2.53% ($500) 18-month Add-On Promo CDEasy membership See review
Consumers Credit Union2.75% ($250) 15-month CD SpecialEasy membership Account review
Synchrony Bank2.75% ($2k) 15-month CD Internet bank See review
Service Credit Union2.75% ($1k) 15-month CD SpecialMilitary relationship See review
NASA Federal Credit Union2.75% ($5k) 15-months Share CertificateEasy membership See review
Limelight Bank2.75% ($1k) 18-month CDInternet bank See review
Veridian Credit Union2.75% ($1k) 18-month Bump-Up CDEasy membership Account review
Kinecta Credit Union2.75% ($1k) 18-month Promotional CDEMR See review
CommunityWide Federal Credit Union2.75% ($2k) 18-month Share CertificateEasy membership Account review
Union Bank2.75% ($10k) 18-23 month CDSee review
Banc of California2.75% ($25k) 18-month CDAccount review
TIAA Bank2.71% 1.5-year Yield Pledge CD Internet bank See review
Live Oak Bank2.70% ($2.5k) 18-month CDAccount review
M.Y. Safra Bank2.70% ($5k) 18-month Online Promo CD See review
PurePoint Financial2.70% ($10k) 18-month CDInternet bank See review
CD Bank2.70% ($10k) 18-month CDInternet bank See review
State Bank of Texas2.70% ($25k) 18-month Jumbo CDAccount review
Fidelity Brokered CD2.70% (APR) 18-month non-callable CDIssued by CCB, HAMNI, WFB*
The Vanguard Group Brokered CD2.70% (APR) 18-month non-callable CDIssued by CCB, MODB, WFB*
Vio Bank2.65% ($500) 18-month High Yield Online CD Internet bank See review
Pacific National Bank2.65% ($1k) 18-month Online Promo CD Internet bank See review
Veridian Credit Union2.20% ($100k) (3.25 41-month Bump-Up Jumbo CD closed after 18 months)Easy membership Account review
Ally Bank2.19% (3.00% High Yield 5-Year CD closed after 18 months)See review
Main Street Bank (MI)2.19% (3.25% 60-month CD closed after 18 months) See review

Noteworthy Local Deals - 18-Month CDs

Kohler Credit Union3.25% ($10k) 18-month Share Certificate8 Southeast Wisconsin counties See review
American Eagle Financial Credit Union3.15% ($1k) 15-month Certificate4 Connecticut counties See review
Pawtucket Credit Union3.00% ($1k) 15-month CDRhode Island, Massachusetts, Connecticut See review
Washington Trust Company3.00% ($500) 18-month Promotional CD w/checkingRhode Island, Connecticut, Massachsetts See review
Homeland Credit Union3.00% ($75k) 18-month Jumbo CD9 Ohio counties See review
Cyprus Credit Union2.90%($1k) 18-month 90th Anniversary Certificate Special Easy membership for Utah residents See review
University of Iowa Community Credit Union2.90%($100k), 2.80% ($10k), 2.70% ($1k) 19-month CD Special All of Iowa and 4 Illinois counties, University of Iowa relationship See review
Homeland Credit Union2.85% ($500) 18-month CD9 Ohio counties See review
EECU2.80% ($1k) 17-month Special CertificateEasy membership for Texas residents See review
RelyOn Credit Union2.80% ($1k) 18-month Certificate SpecialDallas and Kaufman Counties, Texas See review
Cross River Bank2.79% ($500) 18-month CDNew Jersey See review
BCB Community Bank2.75% ($50k) 15-month Summer Savings CDCentral and Northern NJ, Staten Island, Long Island Account review
Chemical Bank2.75% ($100) 17-month CD SpecialMichigan, Ohio, and Indiana See review
Savings Institute Bank & Trust2.75% ($500) 17-month Access CDConnecticut and Rhode Island See review
Reliance Bank2.75% ($1k) 19-month Add-On CD SpecialMissouri and Illinois See review
Vinton County Bank2.75% ($2.5k) 21-month CD Special27 Ohio counties
USE Federal Credit Union2.70% ($1k) 17-month CD SpecialEMR for Oklahoma See review
Member One Federal Credit Union2.65% ($10k) 19-month Share CertificateSouthwest Virginia Account review

2-Year CD Rates

Latino Credit Union3.15% ($200k) 24-month Jumbo CD Easy membership See review
Langley Federal Credit Union3.04% ($50k) 29-month Jumbo Promotional CertificateEasy membership See review
State Bank of India3.03% ($25k) 2-year Senior Citizen CD See review
ConnectOne Bank3.00% ($500) 23-month Online CD See review
Navy Federal Credit Union3.00% ($10k) 24-month CD SpecialMilitary relationship See review
CD Bank3.00% ($10k) 24-month CDInternet bank See review
Popular Direct2.95% ($10k) 2-year Popular Direct CDInternet bank See review
The Vanguard Group Brokered CD2.95% (APR) 2-year non-callable CDIssued by WFB*
Fidelity Brokered CD2.95% (APR) 2-year non-callable CDIssued by WFB*
GTE Financial2.94% ($100k) 2.68% ($500) 24-month Add-On Promo CDEasy membership See review
CommunityWide Federal Credit Union2.90% ($2k) 24-month Share CertificateEasy membership Account review
KS StateBank2.85% ($500) 2-year CD See review
Luther Burbank Savings2.85% ($1k) 24-month CD Special See review
KS StateBank2.85% ($100k) 2-year Jumbo CD Internet Only Special See review
NASB2.84% ($1k) 24-month Online CD Special See review
Virtual Bank2.81% ($10k) 24-month eCD See review
ableBanking2.80% ($1k) 2-year CDInternet bank See review
Greenwood Credit Union2.80% ($1k) 24-month CDEMR See review
SallieMae Bank2.80% ($2.5k) 24-month CDAccount review
Live Oak Bank2.80% ($2.5k) 2-year CDInternet bank Account review
M.Y. Safra Bank2.80% ($5k) 24-month Online Promo CD See review
PurePoint Financial2.80% ($10k) 24-month CDInternet bank See review
Congressional Bank2.80% ($25k) 24-month High Yield CDAccount review
State Bank of Texas2.80% ($25k) 24-month Jumbo CDAccount review
Veridian Credit Union2.47% ($100k) (3.25 41-month Bump-Up Jumbo CD closed after 2 years)Easy membership Account review
Main Street Bank (MI)2.46% (3.25% 60-month CD closed after 2 years) See review
Ally Bank2.39% (3.00% High Yield 5-Year CD closed after 2 years)See review

Noteworthy Local Deals - 2-Year CDs

Ocean State Credit Union3.30% ($1k) 2-year CD SpecialEasy membership, but requires in-branch visit See review
First United3.20% ($50k) 21-month Performance CD13 Oklahoma and 16 Texas counties See review
Union Bank & Trust3.15% ($25k), 3.04% ($1k) 27-month CD SpecialCO, IA, KS, MO, NE, and SD See review
Teachers Credit Union3.06% ($2.5k) 22-month Share Certificate SpecialIndiana and 2 southwest Michigan counties See review
Connex Credit Union3.05% ($1k) 24-month CD Special4 Connecticut counties See review
First Advantage Bank3.03% ($10k) 24-month CD SpecialTennessee and Kentucky See review
Navigant Credit Union3.00% ($500) 23-month CDRhode Island, Connecticut, Massachusetts Account review
Core Bank3.00% ($10k or $25k) 23-month CD SpecialNebraska and Kansas See review
Franklin Mint Federal Credit Union3.00% ($500) 24-month CD Special3 SE Pennsylvania and 1 Delaware counties See review
RelyOn Credit Union3.00% ($1k) 24-month Certificate SpecialDallas and Kaufman Counties, Texas See review
F&M Bank3.00% ($1k) 24-month My Choice CD7 middle Tennessee counties See review
First Eagle Bank3.00% ($2.5k) 24-month CD SpecialConnecticut See review
National Bank of New York City3.00% ($2.5k) 24-29 month CDNYC, Long Island, Westchester See review
Midwest BankCentre3.00% ($5k) 24-month CD SpecialGreater St. Louis metro area See review
The First State Bank3.00% ($5k) 2-year CD5 central Oklahoma counties See review
General Electric Credit Union3.00% ($100k) 2-year Jumbo Certificate Special16 Ohio, 5 Kentucky, and 5 Indiana counties See review
St. Jean's Credit Union3.00% ($500) 25-month CD Special3 Massachusetts counties See review
Pawtucket Credit Union3.00% ($1k) 25-month CD SpecialRhode Island and portions of Massachussets and Connecticut Account review
EECU3.00% ($1k) 29-month Special CertificateEasy membership for Texas residents See review
Blue Hills Bank3.00% ($500) 29-month Flexible CDEastern Massachusetts Account review

3-Year CD Rates

Mountain America Credit Union3.35% ($500) 3-year Term DepositEasy membership See review
Veridian Credit Union3.35% ($100k) 41-month Bump-Up Jumbo CDEasy membership Account review
Great Lakes Credit Union3.33% ($1k) 33-month CD SpecialEasy membership Account review
Greenwood Credit Union3.25% ($1k) 30-month CDNational online application now available Account review
Latino Credit Union3.25% ($200k) 36-month Jumbo CD Easy membership See review
Veridian Credit Union3.25% ($1k) 41-month Bump-Up CDEasy membership Account review
Fidelity Brokered CD3.15% (APR) 3-year non-callable CDIssued by 3rd FED*
KS StateBank3.10% ($500) 3-year CD See review
First Financial Northwest Bank3.10% ($100k) 2.85% ($25k) 36-month CD See review
KS StateBank3.10% ($100k) 3-year Jumbo CD Internet Only SpecialSee review
The Vanguard Group Brokered CD3.10% (APR) 3-year non-callable CDIssued by CITI, UBS, WFB*
Virtual Bank3.01% ($10k) 36-month eCD See review
Garden Savings Federal Credit Union3.04% ($500) 3-year Share CertificateEasy membership Account review
GTE Financial3.04% ($100k) 2.78% ($500) 30-month Add-On Promo CDEasy membership See review
CommunityWide Federal Credit Union3.00% 36-month Share CertificateEasy membership Account review
Main Street Bank (MI)3.00% ($500) 36-month CD See review
Luther Burbank Savings3.00% ($1k) 36-month CD Special See review
M.Y. Safra Bank3.00% ($5k) 36-month Online Promo CD See review
Citizens Access3.00% ($5k) 36-month CDInternet bank Account review
Popular Direct3.00% ($10k) 3-year Popular Direct CDInternet bank See review
PurePoint Financial3.00% ($10k) 36-month CDInternet bank See review
Veridian Credit Union3.00% ($100k) 36-month Jumbo CD Special Easy membershipSee review
Veridian Credit Union2.75% ($100k) (3.25 41-month Bump-Up Jumbo CD closed after 3 years)Easy membership Account review
Main Street Bank (MI)2.74% (3.25% 60-month CD closed after 3 years) See review
Ally Bank2.61% (3.00% High Yield 5-Year CD closed after 3 years)See review

Noteworthy Local Deals - 3-Year CDs

Northeast Credit Union3.50% ($1k) 35-month Special Share Certificate New Hampshire and south York County, Maine See review
Solvay Bank3.50% ($500) 36-month CD Special w/checking6 central New York counties See review
Centris Credit Union3.41% ($90k) 40-month Jumbo CD3 Nebraska and 1 Iowa counties See review
University of Iowa Community Credit Union3.40%($100k), 3.30% ($10k), 3.20% ($1k) 39-month Bump Option CD Special All of Iowa and 4 Illinois counties, University of Iowa relationship See review
First United3.35% ($50k) 30-month Performance CD13 Oklahoma and 16 Texas counties See review
VIA Credit Union3.35% ($50k) 33-month Certificate Special12 Indiana counties See review
Tinker Federal Credit Union3.35% ($1k) 33-month Special Term Certificate3 Oklahoma counties See review
Navy Army Community Credit Union3.33% ($1k) 30-month CD8 South Texas counties See review
General Electric Credit Union3.33% ($500) 33-month Share Certificate16 Ohio, 5 Kentucky, and 5 Indiana counties See review
Northeast Credit Union3.33 ($1k) 30-month Special Share Certificate New Hampshire and south York County, Maine See review
Cross River Bank3.25% ($500) 36-month CDNew Jersey See review
National Bank of New York City3.25% ($2.5k) 36-41 month CDNYC, Long Island, Westchester See review
TruMark Financial Credit Union3.20% ($75k) 36-month Jumbo CD5 SE Pennsylvania counties See review
Homeland Credit Union3.15% ($75k) 30-month Jumbo CD9 Ohio counties See review
Lewis Clark Union3.15% 36-month Share Certificate4 Idaho and 3 Washington counties See review
RelyOn Credit Union3.10% ($1k) 30-month Certificate SpecialDallas and Kaufman Counties, Texas See review
Firelands Federal Credit Union3.10% ($500) 36-month Share Certificate5 north-central Ohio counties See review
Pioneer Valley Credit Union3.05% ($1k) 37-month Share Certificate SpecialEasy membership for CT, MA, NY, RI, VT See review
Sturgis Bank & Trust Company3.05% ($5k) 38-month Best in the Market CDSouthwest Michigan and Northern Indiana See review

4-Year CD Rates

Consumers Credit Union3.35% ($100k) 45-month Jumbo CD SpecialEasy membership Account review
Fort Knox Federal Credit Union3.30% ($500) 46-month CD SpecialEasy membership
Latino Credit Union3.30% ($200k) 48-month Jumbo CD Easy membership See review
NASA Federal Credit Union3.00% ($5k) 49-months Share Certificate SpecialEMR See review
KS StateBank3.29% ($500) 4-year CD See review
KS StateBank3.29% ($100k) 4-year Jumbo CD Internet Only Special See review
Consumers Credit Union3.25% ($250) 45-month CD SpecialEasy membership Account review
First Financial Northwest Bank3.25% ($100k) 3.00% ($25k) 48-month CD See review
The Vanguard Group Brokered CD3.25% (APR) 4-year non-callable CDIssued by CITI, UBS, WFB*
Fidelity Brokered CD3.25% (APR) 4-year non-callable CDIssued by CITI, UBS, WFB*
Community Financial Services Bank3.19% ($1k) 49-month CD Special See review
State Bank of India3.19% ($25k) 4-year Senior Citizen CD See review
Main Street Bank (MI)3.15% ($500) 48-month CD See review
CommunityWide Federal Credit Union3.10% 48-month Share CertificateEasy membership Account review
Citizens Access3.05% ($5k) 48-month CDInternet bankAccount review
Popular Direct3.05% ($10k) 4-year Popular Direct CDInternet bank See review
Vio Bank3.00% ($500) 48-month High Yield Online CD Internet bank See review
Citizens State Bank3.00% ($1k) 48-month CD Account review
Connexus Credit Union3.00% ($5k) 42-month Share CertificateEasy membership Account review
Main Street Bank (MI)2.88% (3.25% 60-month CD closed after 4 years) See review
Ally Bank2.71% (3.00% High Yield 5-Year CD closed after 4 years)See review

Noteworthy Local Deals - 4-Year CDs

Cross River Bank3.56% ($500) 48-month CDNew Jersey See review
Tech Credit Union3.557% ($100k) 50-month Jumbo Compound CD4 NW Indiana and 2 NE Illinois counties See review
The Fahey Banking Company3.50% ($500) 48-month CD w/qualifying Kasasa checkingOhio See review
Tech Credit Union3.428% 50-month Premium Compound CD4 NW Indiana and 2 NE Illinois counties See review
Firelands Federal Credit Union3.40% ($500) 48-month Share Certificate5 north-central Ohio counties See review
National Bank of New York City3.30% ($2.5k) 48-53 month CDNYC, Long Island, Westchester See review
Lewis Clark Union3.25% 48-month Share Certificate4 Idaho and 3 Washington counties See review
P1FCU3.25% ($500) 48-month Share Certificate12 Idaho and 2 Washington counties See review
Rocky Mountain Credit Union3.25% ($1k) 48-month Share Certificate8 southwest Montana counties See review
National Bank of New York City3.25% ($2.5k) 42-47 month CDNYC, Long Island, Westchester See review
First Service Credit Union3.25% ($50k), 3.15% ($1k) 48-month CertificateFort Bank, Harris, and Waller Counties, Texas See review
TruMark Financial Credit Union3.25% ($75k) 48-month Jumbo CD5 SE Pennsylvania counties See review
Meridian Bank3.05% ($500) 48-month CDSoutheastern Pennsylvania See review
Chemung Canal Trust Company3.03% ($10k) 48-month CD Special12 New York and 1 Pennsylvania counties See review
City CU3.00% ($500) 48-months CD7 Texas counties (Dallas) See review
Pinnacle Bank3.00% ($1k) 4-year CDPhoenix and Scottsdale area, Arizona See review
State Bank3.00% ($1k) 48-month CDNorthwest Ohio and Northeast Indiana See review

5-Year CD Rates

United States Senate Federal Credit Union3.63% ($60k), 3.57% ($20k), 3.51% ($1k) 60-month CDEasy membership
The Vanguard Group Brokered CD3.40% (APR) 5-year non-callable CDIssued by CITI, UBS, WFB*
Fidelity Brokered CD3.40% (APR) 5-year non-callable CDIssued by GSB*
State Bank of India3.39% ($25k) 5-year Senior Citizen CD See review
KS StateBank3.37% ($500) 5-year CD See review
Mountain America Credit Union3.35% ($500) 5-year Term DepositEasy membership See review
Mountain America Credit Union3.35% ($100k max) 5-year Term Deposit Plus (unlimited additional deposit)Easy membership See review
Latino Credit Union3.35% ($200k) 60-month Jumbo CD Easy membership See review
PenFed Credit Union3.30% ($1k) 5-year Money Market CertificateEasy membershipAccount review
State Bank of India (IL)3.30% ($2.5k) 5-year CD
MutualOne Bank3.30% ($5k) 61-month CDAccount review
First Financial Northwest Bank3.30% ($100k) 3.15% ($25k) 60-month CD See review
State Department Federal Credit Union3.29% ($500) 60-months CDEasy membership
Main Street Bank (MI)3.25% ($500) 60-month CD See review
Utah First Credit Union3.25% ($500) 60-month CDEasy membership
First Internet Bank3.25% ($1k) 60-month CDInternet bank See review
Service Credit Union3.25% ($1k) 5-year Share Certificate SpecialMilitary relationship See review
Connexus Credit Union3.25% ($5k) 60-month Share CertificateEasy membership Account review
M.Y. Safra Bank3.25% ($5k) 60-month Online Promo CD See review
Popular Direct3.25% ($10k) 5-year Popular Direct CDInternet bank See review
Citizens State Bank3.20% ($1k) 60-month CD Account review
CommunityWide Federal Credit Union3.20% 60-month Share CertificateEasy membership Account review

Noteworthy Local Deals - 5-Year CDs

The Fahey Banking Company4.00% ($500) 60-month CD w/qualifying Kasasa checkingOhio See review
Alaska USA Federal Credit Union3.70% ($250k), 3.55% ($100k), 3.45% ($50k), 3.35% ($25k), 3.30% ($10k) 60-month CDAlaska, Washington, San Bernardino County (CA), Maricopa County (AZ) See review
Firelands Federal Credit Union3.60% ($500) 60-month Share Certificate5 north-central Ohio counties See review
Texas Bay Credit Union3.56% ($50k) 60-month Jumbo CertificateGreater Houston metro area See review
Peoples Community Bank3.54% ($1k) 60-month CD SpecialVirginia's Northern Neck and Ferry Farm area
First Guaranty Bank3.50% ($500) 5-year CD Special9 Louisiana parishes and 5 Texas counties See review
Mercantil Bank3.50% ($500) 60-month Online CDFlorida and Texas See review
Rocky Mountain Credit Union3.50% ($1k) 60-month Share Certificate8 Montana counties See review
Knoxville TVA Employees Credit Union3.50% ($2.5k) 60-month Certificate Special (new money)8 east Tennessee counties See review
Arapahoe Credit Union3.40% ($100) 60-month CertificateEasy membership for Colorado residents See review
Knoxville TVA Employees Credit Union3.40% ($2.5k) 60-month Certificate Special (not new money)8 east Tennessee counties See review
National Bank of New York City3.35% ($2.5k) 54-59 month CDNYC, Long Island, Westchester See review
Texas Bay Credit Union3.35% ($1k) 60-month CertificateGreater Houston metro area See review
Lewis Clark Union3.35% 60-month Share Certificate4 Idaho and 3 Washington counties See review
P1FCU3.35% ($500) 60-month Share Certificate12 Idaho and 2 Washington counties See review
Commerce National Bank & Trust3.30% ($500) 60-month CDCentral Florida See review
ValleyStar Credit Union3.30% ($2.5k) 60-month Share Certificate11 VA counties, 7 VA cities, 3 NC counties, 3 NC cities See review
TruMark Financial Credit Union3.30% ($75k) 60-month Jumbo CD5 SE Pennsylvania counties See review

Over 5-Year CD Rates

Fidelity Brokered CD3.55% (APR) 10-year non-callable CDIssued by GSB*
The Vanguard Group Brokered CD3.55% (APR) 10-year non-callable CDIssued by GSB*
The Vanguard Group Brokered CD3.50% (APR) 7-year non-callable CDIssued by GSB*
Fidelity Brokered CD3.50% (APR) 7-year non-callable CDIssued by GSB*
KS StateBank3.39% ($500) 7-year CD See review
PenFed Credit Union3.30% ($1k) 7-year Money Market CertificateEasy membershipAccount review
AFFCU (formerly Air Force Federal Credit Union)3.20% ($2.5k) 7-year CD Easy membership See review
M.Y. Safra Bank3.25% ($5k) 72-month Online Promo CD See review
Navy Federal Credit Union3.25% ($100k), 3.10% ($1k) 7-year CDMilitary relationship See review
Marcus by Goldman Sachs3.15% ($500) 6-year High Yield CD
Navy Federal Credit Union3.15% ($100k), 3.05% ($1k) 6-year CDMilitary relationship See review
First National Bank of America3.15% ($1k) 84-month Time CD
Vio Bank3.15% ($500) 120-month High Yield Online CD Internet bank See review
Apple Federal Credit Union3.15% ($500) 120-month CD
Vio Bank3.10% ($500) 84-month High Yield Online CD Internet bank See review

Noteworthy Local Deals - Over 5-year CDs

Lebanon Federal Credit Union3.35% ($500) 66-month CD SpecialLebanon County, Pennsylvania
Credit Human (formerly San Antonio Federal Credit Union)3.35% ($1k) 120-month Share CertificateSan Antonio, TX
Kemba Credit Union3.25% ($500) 72-month CD Special14 SW Ohio, 8 northern Kentucky, 2 SE Indiana counties Account review
Fairfax County Credit Union3.25% ($2.75) 72-month Share CertificateFairfax County, Virginia Account review
Gesa Credit Union3.25% ($500) 84-month CertificateWashington State Account review
Roselle Savings Bank3.25% ($1k) 84-month CD7 Northern New Jersey counties
Randolph-Brooks Credit Union3.25% ($1k) 84-month CDSan Antonio and Austin, TX, relationship to Randolph Air Force Base
Security Service Federal Credit Union3.25% ($50k), 3.20% ($25k), 3.15% ($500) 7-year CDSelect areas in Texas, Colorado, and Utah
Afena Credit Union3.20% ($100k) 84-months Share CertificateGrant and Wabash Counties, IN
Eastman Credit Union3.05% 6-year ($100k) Investment Certificate7 Tennessee, 7 Virginia, 2 Texas counties Account review
Indiana Members Credit Union3.04% ($1k) 84-month CDCentral Indiana Account review
Amplify Credit Union3.03% 84-month ($10k) Share Certificate5 south central Texas counties Account review

*3rd FED (Third Federal S&L), BH (Bank Hapoalim), BMT (Bryn Mawr Trust), BoEA (Bank of East Asia), BUN (BankUnited), CCB (Comenity Capital Bank), CITI (Citibank NA), GSB (GS Bank), HADSB (Haddon Savings Bank), HAMNI (Hamni Bank), HSTB (Homestreet Bank), HVB (Huntingdon Valley Bank), IBSH (Investors Bank Short Hills), MODB (Modern Bank), MZTB (Mizrahi Tefahot Bank), SBPB (Simmons Bank Pine Bluff), SNVO (Synovus Bank, SSB (Southside Bank), UBS (UBS Bank USA), WFB (Wells Fargo Bank)

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

Synchrony Bank2.65% 13-month CDInternet bank See review
Quorum Federal Credit Union3.00% 30-month Term SavingsEasy membership Account review
Salem Five Direct3.00% ($10k) 36-month eCDAccount review

CDs Removed, No Longer Available - Local

Pioneer Valley Credit Union2.80% 13-month Share Certificate SpecialEasy membership for CT, MA, NH, NY, RI, VT See review
floridacentral Credit Union4.07% ($50k) 15-month Promo CD10 Florida counties See review
floridacentral Credit Union3.56% ($25k) 15-month Promo CD10 Florida counties See review
First County Bank2.60% 15-month No Penalty CDConnecticut See review
Horizon Credit Union3.09% (w/checking) 26-month New Deposit Special CertificateWashington State, 8 Idaho and 14 Montana counties See review
General Electric Credit Union3.05% 3-year Share Bump Certificate16 Ohio, 5 Kentucky, and 5 Indiana counties See review
Washington Trust Company3.00% 4-year Promotional CDRhode Island, Connecticut, Massachsetts See review
Scient Federal Credit Union3.00% ($500) 50-month Special Rate Share CertificateEasy membership for residents of CT, MA, NY, and RI See review
General Electric Credit Union3.30% 5-year Share Bump Certificate16 Ohio, 5 Kentucky, and 5 Indiana counties See review

CDs Removed, Rate Too Low - National

None

CDs Removed, Rate Too Low - Local

American Eagle Financial Credit Union0.50% 9-month CD4 Connecticut counties
Ocean State Credit Union2.25% 1-year CDEasy membership, but requires in-branch visit See review
Rockland Federal Credit Union2.50% 15-month Share Certificate6 Massachusetts counties See review
Ocean State Credit Union2.75% 2-year CDEasy membership, but requires in-branch visit See review
Achieva Credit Union3.10% ($75k), 3.05% ($25k) 60-month IRA/457B Plus Easy membership See review
Achieva Credit Union2.95% ($500) 60-month IRA/457B Easy membership See review

Post Publication Edits

10/10/2018: Live Oak Bank CDs added.
10/10/2018: Virtual Bank 36-month eCD added.

Related Pages: money market accounts, 1-year CD rates, 5-year CD rates, nationwide deals, Internet banks
Comments
boston02116
boston02116   |     |   Comment #1
I was expecting better CD promos after the recent rate hike. Maybe we were getting spoiled?
#2 - This comment has been removed for violating our comment policy.
gregk
gregk   |     |   Comment #27
No, #1, - it's the banks and credit unions that have gotten spoiled.
Dee
Dee   |     |   Comment #145
I agree the banks, credit unions and Wall Street are soooo spoiled!!!! We have had 0 to 1% for a decade. 5,6,7% used to plan average forever. What in the world happened??
The FEDs
The FEDs   |     |   Comment #3
What is not normal this time is the inflation rate is at 2% but 10 year notes/bonds are at 3.2%. Why are we making more money than the inflation rate? This was never in the history of USA and suggests something is not right with our FED or the Banks or the treasury. One of them or all of them are concealing something, are we going to find out before or after our money in the banks are frozen?
I agree with #2 post, it is very unusual setting to keep the government open for business.
deplorable 1
deplorable 1   |     |   Comment #14
I have always been able to beat the inflation rate with interest in most years with the notable exception of 2008-2016. We are actually getting back to normal.
milty
milty   |     |   Comment #15
I actually did very well between 2009 and 2016 . . . in stocks :-) but also had some long term CDs yielding over 2%.
Att
Att   |     |   Comment #71
I did very well with muni bonds paying 4 to 5% tax free. Some of them are being called but I can put some of the money in higher paying CDs. I'm going to purchase a bond below par that pays 3.65 coupon rate till 2025 and if is not called pays a yield of 4.15%.
QED
QED   |     |   Comment #4
I am respectful of the posts up thread. It's because, at this point, I really have no clue. Chalk a lot up to politics of the situation. Not clear to me changeover of power in the House can do more than stall current advance. I ask myself: will such changeover actually REVERSE progress we've made?

Way I see it, economy has to come in generally HOT if (longer) interest rates are to reach even Sharonview-like levels. That's not gonna happen if House focus shifts to impeachment of Trump and Kavanaugh, instead of America's advancement. Gridlock will not foster the economic growth we need to force interest rates, longer rates I mean, up. But even with the House in different hands, interest rates could just hold generally steady for the upcoming two years. Would that be a signal to buy some of these shorter (2-3 year) CDs at current interest rates? I dunno, but it's an option I will have to consider if the House changes hands. Meanwhile, at present, cash is king for me. I want to know the outcome of the midterm elections before I commit one way or the other. And four weeks is NOT too long to wait for this information!  I can live comfortably earning 2.25% APY on my (liquid) money for that short interval of time. 
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politics?
politics?   |     |   Comment #9
Still can't figure out how certain comments get deleted?
Deletion Therapist
Deletion Therapist   |     |   Comment #28
Do you loathe Donald Trump? If true, that's why your comments will get deleted, - even if they don't themselves refer to Donald Trump. Somehow the Administrators know your proclivities and will "send you a message" from time to time just as warning to be careful.

You say you love Donald Trump? .Did you make that clear in the deleted post(s)? If not, that omission is the evident reason.
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deplorable 1
deplorable 1   |     |   Comment #10
Oh I get it any pro Trump comment gets deleted. If you are pro Obama/Hillary/Democrat anything goes. I was just responding to negative political comments.
sincerely
sincerely   |     |   Comment #12
deplorable 1 comment 10
It might be that its just getting tired of hearing political bias from either side.
Fed talk can be useful but it seems like the site should return to main topic of rate chasing at this point.
deplorable 1
deplorable 1   |     |   Comment #13
OK point taken but I still find it difficult to completely separate politics from the interest rate discussion particularly when some of the comments are so far off base. I also think that politics is currently playing a large role in the economy, the stock market, inflation and thus the FED rates. When trying to accurately predict future interest rates it is necessary to understand the politics as well as the economy.
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sincerely
sincerely   |     |   Comment #20
Bankity, must you instigate ?
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Bankity
Bankity   |     |   Comment #24
Comment #23 Seriously.That is really a abhorrent thought process you have there.
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sincerely
sincerely   |     |   Comment #19
I agree but it seems to be your obsession. Whatever news channels people choose to watch pounds it into our heads every day. Your subtle comment #14 makes your point sans political commentary.
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deplorable 1
deplorable 1   |     |   Comment #49
So why don't you tell me when my predictions have been wrong? Come on.
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Rosedala
Rosedala   |     |   Comment #22
Oh deplorable, if what you say happens to be true, I'd be most disappointed in depositaccounts.com since it should be either all politic comments or none. :(
Eil
Eil   |     |   Comment #25
hmmmm, so politically divided. But I'm certainly enjoying that "magic wand" effect and very thankful for rising rates and employment opportunities. So, for my opinion on it all, If we can keep America red, I'm sure everything is gonna be all right.
Bankity
Bankity   |     |   Comment #31
Nasdaq down nearly 6% in October, which could be worst month in 2 years

Winning? At some point people will realize the GOP is stealing the crack of their butts and selling it back to them and leaving us with a broken country,economy and environment.
spentcattle
spentcattle   |     |   Comment #34
Ten year note at 3.21 think its time for five year CD's to go a bit bananas
Eil
Eil   |     |   Comment #35
but, but, but.... (butts), aren't we still 40% above the Obama high? So what's a little transfer and rearranging of assets, anyway?
Bankity
Bankity   |     |   Comment #36
The point is, this is not helping anyone but people like us, with assets to move around. Sure the stocks plummeting create a buy time for me. But I have a social conscience. The wealth divide is growing wider by the minute. Do you relish living in a country like India. The rich are rich and poor live in ghettos. That is *not* "MAGA".
#41 - This comment has been removed for violating our comment policy.
deplorable 1
deplorable 1   |     |   Comment #51
Sorry Milty I was responding to bankity for comment #41.
Eil
Eil   |     |   Comment #79
In reply to comment #36: In India, there is an operating caste system with fake attempts of reform usually supported and conducted for political gain. But here in America, every citizen, regardless of upbringing, has a golden opportunity to succeed, if they are motivated, and follow the rule of law, opportunities are unlimited. So, no, I am not concerned about even a slight mirroring of India. But if our government slips to radical socialists (far left), then I would certainly be concerned about becoming Venezuela.
Sett
Sett   |     |   Comment #102
#36, you are full of it, stop that nonsense of yours.
Just sayin'
Just sayin'   |     |   Comment #108
I agree with you that the rich poor divide has gotten worse. But this has nothing to do with Republicans or Democrats or "MAGA". I understand GINI got worse under Obama too. So stop this politics nonsense. If you are serious in finding a solution, perhaps you can help by supporting the current administration's economic policies, e.g. bringing back manufacturing jobs, instead of being an obstructionist.
Just sayin'
Just sayin'   |     |   Comment #109
I was responding to #36.
yuhuuuup
yuhuuuup   |     |   Comment #158
Thanks for your point about a lot of you people using this site as a slush funds search for your big bucks . While most here are genuinely looking to to eek out a little extra income for our family. Myself gets tired of blog type posts that make 150 postings common with unrelated to topics. But you guys are the big fish in this bowl.
deplorable 1
deplorable 1   |     |   Comment #174
@Bankity comment #36: This is the United States and nowhere else in the world are there greater opportunities to advance and change one's station in life. If people choose not to try and not to take advantage of the opportunities that are right in front of them then who's fault is that? This rich vs. poor or wealth divide argument is used by the left as a tool to get people to vote Democrat. It provides a easy scapegoat to remove all personal responsibility from the individual for their own life circumstances. It is the governments job to provide opportunities to advance but it is not the governments job to play robin hood Socialist and steal from one group to give handouts to another. This is the difference between being a conservative or a liberal.
Rosalita
Rosalita   |     |   Comment #152
Yes, and the market increased 148% under Obama.
To Rosalita
To Rosalita   |     |   Comment #168
#152, no it did not, the market crashed and was reset to few thousand points just before obama took the presidency and it took 8 years for the stock market to recover to the same level as it was before the crash.
Obama has nothing to do with it, he was busy destroying America.
Inflated Market
Inflated Market   |     |   Comment #171
To Rosalita...The Fed had to take rates down to 0 which manipulated those gains at the detriment of savers and to the benefit of the bankers. Not a fan of Obama due to the oppression of savers under his regime.
gregk
gregk   |     |   Comment #30
Anyone care to remember how repeatedly Trump has attacked the Fed for recent interest rate hikes, and suggested how ill-advised and undesirable they are in his judgment?
Bankity
Bankity   |     |   Comment #32
Fox News does not report that. Clearly.
deplorable 1
deplorable 1   |     |   Comment #39
Trump doesn't want higher interest rates for one reason only..........the debt and the interest on the debt. If we had a balanced budget he would want rates much higher. Higher rates increase the deficit. Still the economy he created will force the FED to keep hiking interest rates particularly if inflation increases.
Bankity
Bankity   |     |   Comment #44
As if he gives a hoot about blowing up the deficit. My god. Just the Ayn Randian excuse to cut SS and Medicare.
deplorable 1
deplorable 1   |     |   Comment #62
He does care at least about how that will make him look politically. I believe he wants to start paying down the debt as well. He has mentioned the high debt many times. The tax cuts are just now kicking in this will be the first tax year they are in effect. Why don't we wait until next fiscal year before passing any judgement? Obama's deficits were sky high his first term and that was with half the current debt. Oh how soon we forget.
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Bankity
Bankity   |     |   Comment #91
https://www.washingtonexaminer.com/opinion/trumps-tariffs-now-cost-americans-more-than-obamacare-taxes
dollarsncents
dollarsncents   |     |   Comment #92
Just another persons "opinion" in the washingtonexaminer.

And my opinion is that the advantages far out way the disadvantages of the newly implemented tariffs.
deplorable 1
deplorable 1   |     |   Comment #95
Oh please the tariffs will be temporary until China caves. You need to endure some short term pain for long term gain. Just look at the reworked NAFTA(USMCA) deal. Trump will be getting these deals done.
up north
up north   |     |   Comment #132
China won't cave they will just start divesting in the US Bonds, Stocks and companies they own.
deplorable 1
deplorable 1   |     |   Comment #172
Trump has just confirmed exactly what I said in the post above #39 in a recent interview. He said he doesn't like higher interest rates because of the interest we have to pay on the debt and that Obama was playing with "free" money as in not having to pay any interest on the debt because rates were at 0%. So my point is that if you like higher interest on savings as I do then the debt is a major problem and the only solution is to cut spending and stop all these social programs for able bodied people and illegal aliens who refuse to work that are bleeding us dry.
#173 - This comment has been removed for violating our comment policy.
deplorable 1
deplorable 1   |     |   Comment #175
Because Bush spent money fighting terrorists after 9/11 and Obama spent money on government handouts. Also congress(both parties) wastes money on special interest lobbyist groups. Apparently you think Trump is supposed to wave a magic wand and make 21 trillion just disappear! Sorry the world doesn't work that way the debt needs to be paid down the same way it was run up(slowly over time) by making prudent fiscal decisions.
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Kaight
Kaight   |     |   Comment #73
At the risk of returning to a discussion of interest rates:

I do not believe a declining stock market mitigates in favor of higher and higher long term interest rates. The stock market currently is falling like a stone. Hope things turn around ASAP.
Inflated Market
Inflated Market   |     |   Comment #110
The Feds manipulation of interest rates fueled rampant speculation in many assets including the stock market so now with rates rising the bubble gets popped. I hope we see a crash to take some of the risk out of the bloated stock market. Consider it the hangover effect after the punch bowl has been removed.
Rosedala
Rosedala   |     |   Comment #78
To the person who commented with a few great links, kindly send them to me via PM please? Your comment has been deleted. I made the mistake of opening and reading one instead of copying them quickly.
deplorable 1
deplorable 1   |     |   Comment #81
Google Mark Levin if you are really interested in what is going on. He is one of the few in the country who is not afraid of telling it like it is. You will also learn about U.S. history in the process.
Att
Att   |     |   Comment #82
I like some of the things Levin says but not everything he says is truth and not gospel and he liked to sell his books. He was for Ted Cruz and one of his relatives worked for Cruz. He jumped on the Trump train after being a Trump hater and would have no show if he didn't. He would be bashing Hillary everyday if she won. He is a very rich man with his "show" which caters to a specific audience just like CNN does.

The market is tanking today. We will see if it continues. Mortgage rates are over 5% for 30 years and will impact the housing market. Their are always winners and losers when rates change.
Bankity
Bankity   |     |   Comment #83
Levin is a conspiracy theorist. That is all anyone really needs to know.
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deplorable 1
deplorable 1   |     |   Comment #87
The deep state is no conspiracy Bankity. Just wait until more FISA documents get released.
Bankity
Bankity   |     |   Comment #89
Comment #87 - Well today you have lost any shred of credibility you may have had, IMHO.
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deplorable 1
deplorable 1   |     |   Comment #84
True I wasn't a big Ted Cruz fan either but look at the alternative in his state Texas. I think Mark was a bit late to the Trump party as well. However his comments on history, legal precedent, the Constitution and the rule of law are spot on.
deplorable 1
deplorable 1   |     |   Comment #85
The stock market is throwing a tantrum over treasury yields today. It's as if the market didn't expect interest rates to rise. I think it is probably overblown and it is actually creating a buying opportunity in some REIT's that I follow. The market used to do this during the Obama years every time the FED suggested that they might decide to hike rates.
dollarsncents
dollarsncents   |     |   Comment #133
Oh, wow, 30 year mortgage rates are over 5%. There was a time when they were 12% and we all survived along with the economy.

Not only banks and CUs but people as well have grown too accustom to easy money over the past decade or so.
Ginzy
Ginzy   |     |   Comment #147
When we bought our first house in the early eighties we felt lucky to get a 15.5% 30 year mortgage. Eventually re-financed to 11% 15 year before paying it off after 8years. Paying that much interest is a great incentive to pay it off. Today people are spoiled. I totally agree with your assessment dollarsncents.
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deplorable 1
deplorable 1   |     |   Comment #80
Ok since this was supposed to be about CD rates anyway and my political comments always get deleted because I'm pro Trump I will try to stay on topic. I'm very disappointed in the current CD offerings at this time and since I have the Andrews 2.75% and HLIB 3.15% CD's already there is no point in locking any CD's at current rates. The good news is that the long term treasuries have finally started to inch up and I believe that 4% CD's or at least a 3.5% short term CD should be coming up shortly. In the meantime the 2.5% savings account from EBSB direct is a great place to park liquid cash. I will reiterate my long term CD rate prediction of 4% by the end of the year and 5% by next year providing everything stays the same politically.
QED
QED   |     |   Comment #88
Well sure your call for 4% and 5% is a possibility if the politics remains as is. Point being the politics could change radically in four weeks. So why would any sane person make longer term CD commitments now? And longer term means even two to three years, no less five years. Why not wait a few weeks so you can learn where things might be headed? It's not as if interest rates on liquid accounts are horrible!!

I'm waiting the few weeks. Then if the politics shifts massively I will buy CDs at current interest rates to bridge me over until the next election in 2020. If the politics does NOT shift, then I will hold out for the 4% to 5% interest rates we both agree could ensue in that circumstance.

People need to realize not all sides in the current political struggles value lower unemployment and generally good, or at least vastly improved, economic conditions in this country. If you paint yourself as champion of the poor, for example, it is downright WORRISOME when previously poor folks can find a job and better their living conditions. Why is this? Because then those previously poor folks do not need YOU!!
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Richard
Richard   |     |   Comment #97
Sorry to interrupt the plethora of political commentary…however these brokered CD rate increases occurred today: Fidelity and Vanguard are now offering new issue, non-callable, brokered CDs by Wells Fargo Bank at 3.45% (5-yr), 3.30% (4-yr), 3.15% (3-yr), 3.00% (2-yr), 2.80% (18-mo) and 2.65% (13-mo).
QED
QED   |     |   Comment #98
Setting aside ALL politics, I just want to mention the DOW fell today by over EIGHT HUNDRED points. That is not something I view as at all constructive for those of us desiring higher interest rates. I do not believe the stock market can head south while simultaneously longer rates trend higher. Want higher long term interest rates? Root for a higher stock market, not for a bloodbath there.
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deplorable 1
deplorable 1   |     |   Comment #106
Agreed I was a bit shocked to see a 800 point drop today! I think that the market will recover and that this is a bit overblown. The FED hiking rates at 1% a year is a pretty slow pace if you ask me. The economic numbers have not changed so I think this is overblown. The jobs numbers have been revised upward lately. Lets hope the market recovers quickly as a spiraling stock market won't be good for interest rates.
Bozo
Bozo   |     |   Comment #107
QED (re comment #98), it was (and always is) a good day to have a goodly chunk of one's asset allocation in fixed income. Last I checked, none of my IRA CDs, or after-tax CDs, or savings accounts, lost value today. Indeed, it's about the time of the month for PenFed to post dividends.

With respect to the equity portion of my asset allocation, I trimmed quite a bit last year (2017). Continued the re-balance this year with shifts from VTSAX to VBIAX.

It's so much easier to sell and take profits in a rising market.
Mak
Mak   |     |   Comment #111
S&P 500 was lower in 2017 and depending on when in 2017 it could have been much lower than it is right now.
Inflated Market
Inflated Market   |     |   Comment #116
@Mak true but who would be chasing up stocks after a frothy 10 year bull run fed by loose monetary policy. Trailing PE on the SP 500 is 24ish quite high historically. With the Fed hiking and undergoing a massive balance sheet unwind risk remains elevated. The MACD on the monthly SP 500 chart is at multi-decade high levels another indication of a frothy market. Global markets weak during 2018. Good luck.
Bozo
Bozo   |     |   Comment #117
Mak (re comment #111), with all due respect, you missed my point. I trimmed in 2017, inasmuch as the market was higher (indeed, much higher) than in 2016. Sold into a rising market, as it were. In January of 2018, the market continued its upward trajectory, so I sold more (my prior posts on the blog refer). I never sell all my positions. I sell gains, and plop same into relatively safe vessels (IRA CDs, after-tax CDs, and savings accounts). In an ever-increasing stock market, I will lose out to a degree. But, as I have seen this movie more than once, I'll harvest my gains when they present themselves.
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???
???   |     |   Comment #119
the Russians are coming
To ???
To ???   |     |   Comment #129
#119, wrong, the deep state operatives and the traitors are in disguise as Russians.
???
???   |     |   Comment #140
So tell me what are YOU doing about it to prepare ? Makes no sense you guys running around in forums yelling Doom on us all. What is YOUR plan?
warren
warren   |     |   Comment #143
Bozo (re: comment #107), your method seems like an inefficient way to rebalance. I assume you realize that VBIAX is a balanced fund composed of 60% VTSAX and 40% VBTLX (where, VTSAX is 100% stocks and VBTLX is 100% bonds). It would be much more efficient to rebalance your assets by shifting from VTSAX to VBTLX (rather then from VTSAX to VBIAX).
Bozo
Bozo   |     |   Comment #151
warren (re comment #143), I never claimed to be efficient. It's mainly behavioral. I have a Vanguard portfolio consisting of VTSAX, VBTLX, VTIAX, VMMXX, and VBIAX. It's totally irrational, I agree, except for VTIAX. A rational three-fund portfolio would be VTSAX, VBTLX, and VTIAX. That said, I use VMMXX as a holding tank. I use VBIAX as a benchmark. Back to "behavioral": the psychological angst of VBTLX in a rising rate environment is more than I can bear. It is ever so much easier to swap into VBIAX. I can ignore the bloodbath in bond funds (to a degree).
warren
warren   |     |   Comment #159
Bozo (re: comment #151), your Vanguard portfolio mix sounds fine. If you feel comfortable with it and it has performed well for you then you should continue to use it. Your portfolio employs 3 out of the 4 funds utilized by Vanguard to create most of their target retirement funds (one example is VTTVX). I utilized the same VTTVX portfolio component funds (VTSAX, VBTLX, VTIAX, and VTABX) to create an asset allocation for a trust which I manage. The only component fund that your portfolio is missing from that list is VTABX. I have been "Vanguarding" since 1979.
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Just sayin'
Just sayin'   |     |   Comment #121
@QED (#98) @deplorable1 (#106) - A declining DOW and higher rates generally go hand in hand. As interest rates dropped following the last great recession, the DOW continued its upward climb. The reverse is also true. Sure, initial reaction to a sudden drop in DOW is oftentimes lower interest rate. But that is a temporary move to safety under high volatility environment. Once the dusts settle, interest rates will go where they belong.
deplorable 1
deplorable 1   |     |   Comment #124
Yes but the market could actually trade sideways along with FED hikes as long as they don't hike rates too quickly. Up until recently the market was going up even with rate hikes due to such positive economic news. A big part of the problem is also the media's refusal to accurately report on all of the positive economic news because of their obvious anti-Trump/Republican bias. If a Democrat occupied the white house the economy would be the lead story every day and they would be trumpeting the 3.7% unemployment rate and 4.2% GDP to the rooftops. They have been trying to bury any good economic news.
Milty
Milty   |     |   Comment #99
Boy, sure is gettin hot in here ;-) . . . must be keeping Ken busy, eh? Anyway, finally started moving some money into 2 year CD (3%) and higher yield savings (2.5%). Tired of waiting since ain't getting any younger.
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mix
mix   |     |   Comment #105
I think 13 week t-bills set to automatically reinvest several times are the way to go for the foreseeable future instead of chasing rates at different banks.
Bozo
Bozo   |     |   Comment #120
MIX (re comment #105): T-bills lost their luster when purchases were required through Treasury Direct. Have you ever encountered a more confusing portal? As a Vanguard client, VMMXX seems ever so much simpler.
MDH71
MDH71   |     |   Comment #146
Bozo [comment #120]: Are you aware that you can purchase secondary issue T-bills at Fidelity without fees/commissions? Perhaps you can do the same at Vanguard. Also, don't forget to consider the tax advantages that T-bills have over the VMMXX money market fund.
Bozo
Bozo   |     |   Comment #150
MDH71 (re comment #146), good to know. Thanks for the heads up.
warren
warren   |     |   Comment #190
MDH71 (comment #146)...you can also buy new issue Treasuries (bills, notes, and bonds) at Fidelity, Schwab, and Vanguard without fees or commissions.
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QED
QED   |     |   Comment #122
I buy certificates of deposit; NOT stocks. Nobody cares about my stock market strategies, or anyone else's. So this is solely about the outlook for interest rates, again NOT stocks.

That said, the stock market is important NOT for its own sake, but instead because its direction can influence interest rates going forward. And this morning's stock futures presage loss of a thousand DOW points in two days. It might happen or not; I dunno. Regardless, a falling stock market does not augur well for higher long term interest rates. Ditto for Trump's criticism (of the Fed) that interest rates are rising too rapidly. The Fed is 100% independent of Trump. But Trump is POTUS and his constant criticism cannot be completely ignored. To the extent the Fed heeds (stock) market carnage and Trump, short interest rates are also in jeopardy, right along with long rates. So bottom line, unless things turn around, the tea leaves are not right now pointing toward higher interest rates of any sort.

Of course this could all be a short term blip . . . a temporary condition.  Maybe others are nervous about the outcome of the midterm elections, like I am.  Whatever it is, it's today's reality.  
deplorable 1
deplorable 1   |     |   Comment #123
I agree with you QED which is why I think Powell will take a pause when the FED rate gets to 4%. This does not mean however that CD rates won't get to 5% again. There will be some special offerings that are above the FED rate in 2019 again barring no major political shifts. I found this article this morning which suggests that the FED will continue to hike rates and let the market adjust:
https://www.cnbc.com/2018/10/10/the-fed-is-undergoing-a-major-change-and-the-market-is-having-a-fit.html?__source=yahoo%7Cfinance%7Cheadline%7Cstory%7C&par=yahoo&yptr=yahoo
While the president supposedly doesn't have any direct control over the FED I think Obama wanted interest rates kept low and the FED complied and eventually Powell will stop hiking rates at some point if Trump continues to disapprove.
Stop Bullying
Stop Bullying   |     |   Comment #125
Trump needs to stop bullying the Fed with his public statements. My God Trump was the one who appointed him just last year. Seems like Trump is always looking for some excuse to avoid accountability by imposing blame on others which is why turnover is so high in the WH.
To Stop Bullying
To Stop Bullying   |     |   Comment #126
#125, I do not think you know what the Trump strategy is and what is his next move. He has unique style of governing and you either love it or hate it. He always has his mind on the citizens and he takes accountability for everything, but the MSM twisted so much of the facts with intend to make it look bad, 92% of the media reports only negative or indoctrinated facts to look bad.
highrate
highrate   |     |   Comment #137
trump doesn't know what his next strategy is. He will likely pick it up from Fox news
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deplorable 1
deplorable 1   |     |   Comment #155
Well said. Trump has been taking fire from all sides while still getting things done which is a nearly impossible feat to accomplish with all the corruption in D.C. and I'm including the so called "moderate" Republicans.
Billy Hilly
Billy Hilly   |     |   Comment #179
I do not think that Trump knows what is strategy is!
deplorable 1
deplorable 1   |     |   Comment #128
I think that Trump is trying to stop the stock market from panicking about FED rate hikes with his comments in the same way that the former FED chief would talk down rate hikes to calm the market. Nothing Trump does is random and he is much smarter than the media gives him credit for. For example his latest quote: "You don't hand matches to a arsonist and you don't give power to a angry left wing mob!" referring to the Democrats lol brilliant and so true.
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up north
up north   |     |   Comment #131
If you trusted Dear Trump so much, you'd be placing your eggs in the stock market, not whinging for higher CD yields on an internet board. Just my observation.
deplorable 1
deplorable 1   |     |   Comment #154
@up north: I like diversification and the safety of FDIC insurance for a good part of my savings. Not to mention liquid cash for a large emergency fund. I only keep about 50% in the market in high yield dividend paying stocks in order to keep averaging over 5% overall no matter which way the market or interest rates go. I learned my risk tolerance back in 2008 when I was 80% in the market so I dialed my exposure back a bit by saving more cash.
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highrate
highrate   |     |   Comment #141
the media far overestimates Trump's intelligence
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Rosedala
Rosedala   |     |   Comment #157
#156: I more than agree with you. I think you meant your message to go to Rosalita, no? :)
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Just sayin'
Just sayin'   |     |   Comment #127
@QED #122 - I'm not convinced the FED will stop rate hikes following a 1,000pt drop in the DOW. The DOW has gained about 9,000pt since Trump was elected. IMO, the DOW is still too high and the current interest rate too low. If the FED stops meddling in the market today, interest rates will likely move higher, and the DOW and housing market lower.
Inflated Market
Inflated Market   |     |   Comment #135
@Just sayin...Time to take the patient completely off the morphine and get rates back to neutral if not higher as inflation is high in many areas. Of course there is going to be a long bout of withdrawal symptoms re volatility in the stock market which has to be expected.
up north
up north   |     |   Comment #136
If this happens kiss your decent CD rates good bye. Powell is on officially on the radar and since Trump always say he isn't going to do what he ends up doing. You may want to worry about this;
https://www.marketwatch.com/story/trump-says-he-doesnt-want-to-fire-powell-as-he-blames-fed-for-stock-market-drop-2018-10-11
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Jen
Jen   |     |   Comment #160
3.20% for 21 month Certificate at AgFed Credit Union (Agriculture Federal). They just sent out an email to members.
Milty
Milty   |     |   Comment #161
Although I enjoy some, it seems like way too much political trolling going on here now.
To milty
To milty   |     |   Comment #165
Milty, this is true people opinions, not the biased MSM news, if you really care for this country, you will say your true mind, if not, you probably are to far gone with the brainwashing and can not create your own point of view. The politics is irreversibly interwoven with the money, the politics in Washington affects the whole economy and with the FED the whole country and beyond.
Milty
Milty   |     |   Comment #169
Hard to say what is true when it comes to internet blogs, but this blog's purpose i thought was to discuss interest rates and not introduce one's political insights and associations into every post.
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To Milty
To Milty   |     |   Comment #186
Milty, the interest rates are connected with politics very close and you can not separate them.
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Rosedala
Rosedala   |     |   Comment #167
Hi, could someone tell me how to stop receiving each comment (dozens per day!) and only get the ones I subscribe to please? I looked in settings but didn't find where to stop them. Of course I'd like to continue to receive all DA's messages of articles, ratings, etc. This avalanche of messages never happened before, it might be that since I'm using a different computer and re-subscribed to DA I clicked on a wrong button? Thanks for any help! :)
To rosedala
To rosedala   |     |   Comment #185
Rosedala, welcome to LendingTree, they do that to all of their customers by giving your personal info to dozens of lenders and pocket the money they are making from you.
Rosedala
Rosedala   |     |   Comment #202
#185: I referred to the dozens of posters I receive from here in this thread. Not to outsiders. I'm not subscribed to LendingTree. Is there a button to choose which to stop and which not? Can you tell me? On another important matter - someone stated Ken no longer owns this website? What do you know about it? Thanx.
Posts
Posts   |     |   Comment #191
Un-subscribe and post as anonymous. Problem solved.
Milty
Milty   |     |   Comment #180
FYI: for the 2yr CD, went with CD Bank. Opening the account was not too bad, but they could use more help for answering calls. Note that interest is posted semi-annually, but you can request to have your interest sent to you monthly.
deplorable 1
deplorable 1   |     |   Comment #181
This is a big problem in the country. 61% of all Americans can't pass a simple financial literacy test according to this study:
http://www.finra.org/investors/highlights/can-you-ace-quiz-test-your-financial-literacy
I found this test to be very easy as most here on DA would. What is worrisome though is apparently these basic concepts are not taught in school or taught very poorly. A more interesting study would be out of the 61% that did not pass what percentage vote Democrat vs. Republican. The answer is obvious.
deplorable's misery
deplorable's misery   |     |   Comment #182
Deplorable, what is obvious is you have a miserable life, and love to blame others. Sound familiar?
deplorable 1
deplorable 1   |     |   Comment #183
I'm having a great time not miserable at all. Trump makes me laugh when he pushes back at the media by telling the truth. They don't know what to do as they have never had facts thrown back in their face before because Republicans were too weak to do so. Liberals are always angry and miserable and blaming others for their own lack of personal responsibility or effort. This is why the turn into a angry mob like Occupy/Antifa etc.
Just sayin'
Just sayin'   |     |   Comment #187
#182 - I am not sure what your point is. Being financially literate should be a requirement for all Americans. Are you okay if your children do not have such basic knowledge? It would have prevented many (but not all) bankruptcies and foreclosures if people know how to manage their finances better. Many will have a better retirement if they plan for it too.
Today's kids
Today's kids   |     |   Comment #188
#187, obviously you do not have anyone in school age around you to tell you what they do, nothing, just socializing, copy each other homework, manipulate the school to think they know something, but reality is the opposite, they do not teach them to be independent, they must obey the orders from the superiors or they will flunk the class. Independent thinkers, bright kids, knowledgeable kids, opinionated kids are punished, the less they know the better they are. Ask any democrat, they will explain to you why.
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deplorable 1
deplorable 1   |     |   Comment #201
Alright how about we keep the political discussion as pertaining to the interest rate discussion only?
Does that work for everyone? I firmly believe that if Democrats were to take over the House, Senate or both that interest rates would stagnate rather than rise. The reason being is that Trump would be more bogged down with obstruction and political bantering. This would make it more difficult if not impossible for him to accomplish his agenda.

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