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CD Rates Summary February 12, 2019

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Brokered CD rates continue to fall. The largest declines have been on 5-year brokered CDs. On January 2nd, the top 5-year brokered CD rate (new-issue and non-callable) from Fidelity and Vanguard was 3.40%. Today at around 10:00am, the top 5-year rate was 3.05% at both Fidelity and Vanguard.

We are also seeing rate declines on shorter-term brokered CDs. On January 2nd, the top 1-year brokered CD rate (new-issue and non-callable) was 2.65% from Fidelity and 2.60% from Vanguard. Today, the top 1-year rate was 2.45% at both Fidelity and Vanguard.

As I mentioned in my Fed review, rate trends are often seen first in brokered CDs before they’re seen in direct CDs.

For direct CDs in the last two weeks, we have been seeing more rate cuts than rate gains for the top CDs listed in these tables, but there have been a few bright spots.

Long-Term CD Rates

A few banks and credit union that had been offering top 5-year CD rates cut their rates in February. These include Connexus Credit Union (3.63% APY to 3.50% APY), PenFed (3.35% APY to 3.15% APY), United States Senate FCU (3.53% APY to 3.11% APY) and KS StateBank (3.40% A PY to 3.00% APY).

The best 5-year CD rate that’s nationally available is at State Bank of India which is offering 3.55% APY on its Senior Citizens CDs. This has a $25k minimum deposit.

Mountain America Credit Union is now second with its Term Deposit and Term Deposit Plus accounts (3.51% APY). The Term Deposit has a minimum of only $500. The Term Deposit Plus allows add-on deposits, but the balance is capped at $100k.

Connexus Credit Union has fallen from its top spot, but its 5-year CD (3.50% APY) remains near the top.

Mid-Term CD Rates

NASA Federal Credit Union is one of the few bright spots for February. It introduced CD specials with terms of 15 months (3.20% APY), 25 months (3.25% APY) and 49 months (3.35% APY). Minimum deposit is $10k.

For terms around 18 months, the only institution offering a higher CD rate than NASA FCU’s 15-month CD is Navy Federal Credit Union which continues to offer an add-on CD special (non-IRA). It has a 17-month term with a 3.25% APY. Minimum initial deposit is only $50. Maximum balance is $50k with a limit of one certificate per member. Navy Federal does require a military connection for membership.

Navy Federal is still offering its special 40-month IRA CD with a 3.75% APY for a maximum of $150k deposit. It’s only available in an IRA.

A new internet bank has launched, and it’s offering some competitive CDs. It’s called Rising Bank, and its most noteworthy CD offering is its Rising CDs which have both an add-on option and a bump-up option. The rates aren’t the highest (3.00% APY for the 3-year and 2.85% APY for the 18-month), but the add-on feature could be very useful if rates do fall. Please see my Rising Bank account review for more details.

Short-Term CD Rates

We no longer have a nationally available 3% CD with a term around one year. INOVA Federal Credit Union had been offering a 3% APY 14-month CD, but that ended on January 18th. INOVA FCU is still offering a 14-month IRA CD with a 3% APY.

For non-IRA CDs, two institutions are offering 2.95% APY for 1-year terms. One is State Bank of India (IL) which is offering 2.95% APY on their Senior Citizens CDs. Minimum deposit is $2.5k. The other is Advancial Credit Union which is offering 2.95% APY on its Jumbo 1-year CD. Minimum deposit is $50k.

We have several internet banks offering 2.85% APY on terms around one year. Most notably is Ally Bank which is offering a 14-month Select CD with a 2.85% APY. This is scheduled to last through February. Please refer to this Ally CD review for more details.

For terms under one year, Navy Federal Credit Union is now the nationwide rate leader with its 6-month Certificate which earns 3.00% APY with a minimum deposit of only $1k. Note, this 6-month Certificate does not have an add-on option.

If you don’t have the military connection to qualify for Navy Federal membership, Interior Federal Credit Union is offering a 6-month CD that earns 2.78% APY. Minimum deposit is only $500.

Andrews Federal Credit Union continues to offer its 8-month CD special (2.86% APY) that was first introduced on Black Friday. Andrews FCU also continues to offer its 9-month CD special (2.75% APY) which it has been offering since July.

Savings & Checking Account Rates

I have just two quick notes about the top savings account rate.

North American Savings Bank’s High Rate Savings account continues to be the rate leader. The account earns 2.53% APY on balances between $50k and $5 million. Balances less than $50k and greater than $5 million earn 0.10% APY. In addition to offering a top rate, the High Rate Savings APY is guaranteed for six months following account opening, as long as the daily balance remains between $50k and $5 million.

Two banks are now tied for second place. CIT Bank has been offering 2.45% APY on its Savings Builder account since early January. The new internet bank, Rising Bank, has just launched with a savings account that earns 2.45% APY on balances between $1k and $500k.

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.

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

Yields Accurate as of February 12, 2019

Under 1-Year CD Rates

InstitutionRatesNotes
Navy Federal Credit Union3.00% ($1k) Celebration Special Rate 6-month Certificate Special Military relationship See review
Andrews Federal Credit Union2.86% ($1k) 8-month Certificate SpecialEasy membership See review
Advancial2.83% ($50k) 6-month Jumbo CertificateEasy membership See review
Interior Federal Credit Union2.78% ($500) 6-month Share Certificate Easy membership See review
Andrews Federal Credit Union2.75% ($250k max) 9-month Certificate SpecialEasy membership See review
Advancial2.73% ($50k) 3-month Jumbo CertificateEasy membership See review
MutualOne Bank2.53% ($500) 7-month Online CD See review
Service Credit Union2.50% ($1k) 9-month CertificateMilitary relationship See review
United Bank2.50% Advantage Money Market, 180-day rate guarantee25 states See review
Live Oak Bank2.45% ($2.5k) 6-month CDInternet bank Account review
CD Bank2.45% ($10k) 9-month CDInternet bank See review
DollarSavingsDirect2.40% ($1k) 6-month CDInternet bank See review
EmigrantDirect2.40% ($1k) 6-month CDInternet bank See review
MySavingsDirect2.40% ($1k) 6-month CDInternet bank See review
The Vanguard Group Brokered CD2.40% (APR) 9-month non-callable CDIssued by BMNA, UBMU*
Fidelity Brokered CD2.40% (APR) 9-month non-callable CDIssued by BMNA, CNTR, IBLA, UBMU*
Limelight Bank2.35% ($1k) 6-month CDInternet bank See review
Citizens Access2.35% ($5k min)6-month Online CDInternet Bank Account review
CD Bank2.35% ($10k) 6-month CDInternet bank See review
Marcus by Goldman Sachs2.35% ($500) 13-month No-Penalty CDInternet bank See review
The Vanguard Group Brokered CD2.35% (APR) 6-month non-callable CDIssued by BHAP*
Fidelity Brokered CD2.35% (APR) 6-month non-callable CDIssued by BHAP, EWB*
Communitywide FCU2.30% ($2k) 6-month Share CertificateEasy membership Account review
Ally Bank2.30% ($25k), 2.15% ($5k) No-Penalty 11-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) 3-month non-callable CDIssued by BMNA, CBRI, MRB, MZTB, SANT*
The Vanguard Group Brokered CD2.25% (APR) 3-month non-callable CDIssued by BMNA, CBRI, MRBI, SAFB, SANT, WCB*
Chartway Federal Credit Union2.15% ($100) 12-month CD No PenaltyEasy membership See review

Noteworthy Local Deals - Under 1-Year CDs

America First Credit Union3.00% ($500) 6-11 month Regular Certificate 11 Utah, 11 Nevada, 16 Idaho, 2 Arizona, and 1 Oregon counties See review
Bankers Trust Company2.75% ($1k, base rate) 7-23 month Pick-a-Term CDIowa and Arizona See review
Westbury Bank2.60% ($500) 9-month CDEastern Wisconsin See review
First Peoples Community Federal Credit Union2.60% ($500) 9-month CD Promo3 Maryland, 3 Pennsylvania, and 3 West Virginia counties See review
Evergreen Bank Group2.55% ($10k) 9-month CD SpecialChicago metropolitan area See review
Advantage Federal Credit Union2.50% ($500) 5-month Share Certificate SpecialRochester, NY area See review
Kellogg Community Credit Union2.50% ($500) 9-month CD Special15 west Michigan counties See review
Providence Bank2.50% ($2.5k) 9-month CD Special 7 Missouri and 1 Illinois counties See review
Ocean Bank2.35% ($2.5k) 9-month CD2 South Florida counties 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
Members Choice Credit Union2.20% ($50k) 9-month Jumbo CDHouston area See review

1-Year CD Rates

INOVA Federal Credit Union3.00% ($200) 14-month IRAEasy membership See review
State Bank of India (IL)2.95% ($2.5k) 1-year Senior Citizen CD
Advancial2.95% ($50k) 1-year Jumbo CertificateEasy membership See review
State Bank of India2.94% ($25k) 12-month Senior Citizen CD See review
Ally Bank2.85% (no minimum) 14-month Select CDInternet bank See review
Rising Bank2.85% ($1k) 1-year Term CDInternet bank Account review
Limelight Bank2.85% ($1k) 12-month CDInternet bank See review
Banesco USA2.85% ($1.5k) 12-month CDInternet bank See review
Live Oak Bank2.85% ($2.5k) 1-year CDInternet bank Account review
Citizens Access2.85% ($5k min)12-month Online CDInternet Bank Account review
NASB2.84% ($1k) 12-month Online CD Special See review
First Internet Bank2.83% ($1k) 12-month CDInternet bank See review
TIAA Bank2.81% ($5k) 1-year Yield Pledge CD Internet bank See review
USALLIANCE Financial2.80% ($500) 12-month CDAccount review
M.Y. Safra Bank2.80% ($5k) 12-month Online Promo CD See review
CD Bank2.80% ($10k) 12-month CDInternet bank See review
PurePoint Financial2.80% ($10k) 12-month CDInternet bank See review
State Bank of India (IL)2.78% ($2.5k) 1-year Senior Citizen CD
AgFed Credit Union2.75% ($1k) 12-month CDEasy membership See review
SallieMae Bank2.75% ($2.5k) 12-month CDAccount review
Virtual Bank2.75% ($10k) 12-month eCD See review
Ally Bank2.75% ($25k) High-Yield 12-month CDInternet bank See review
INOVA Federal Credit Union2.75% ($200) 14-month CDEasy membership See review
CapitalOne Bank2.70% 12-month 360 CDAccount review
Connexus Credit Union2.70% ($5k) 12-month Share CertificateEasy membership See review
Alliant Credit Union2.70% ($25k) 12-17 month Jumbo Share CertificateInternet bank See review
MutualOne Bank2.68% ($500) 13-month Online CD See review
Vio Bank2.65% ($500) 12-month High Yield Online CD Internet bank See review
BankPurely2.65% ($1k) 12-month PurelyCDInternet bank See review
iGObanking2.65% ($1k) 12-month iGOCD See review
Popular Direct2.65% ($10k) 1-year Popular Direct CDInternet bank
PenFed Credit Union2.60% ($1k) 12-month Money Market CertificateEasy membership Account review
The Vanguard Group Brokered CD2.45% (APR) 1-year non-callable CDIssued by BMNA, CMPB, FTSB, NYCM, UBMU*
Fidelity Brokered CD2.45% (APR) 1-year non-callable CDIssued by CATH, CMPB, CRES, FTSB, UBMU*

Noteworthy Local Deals - 1-Year CDs

Home Loan Investment Bank3.15% ($100k) 14-month in-branch CDConnecticut, Massachusetts, Rhode Island See review
BankNorth3.01% ($1k) 14-month CD SpecialSE North Dakota and NE South Dakota
People's Credit Union3.00% ($500) 10-month CDOpen membership, but must be opened in-branch See review
Jefferson Financial Credit Union2.96% ($10k) 12-month Share Certificate6 Louisiana parishes and 6 Alabama counties See review
Rhinebeck Bank2.95% ($2k) 14-month CD SpecialDutchess, Orange, and Ulster Counties, NYSee review
Pelican State Credit Union2.90% ($500) 12-month CDEasy membership for AR, LA, MS, and TX See review
Cross River Bank2.90% ($500) 12-month CDNew Jersey See review
Texas Exchange Bank2.90% ($10k) 12-month New Money CDTexas See review
First Florida Credit Union2.89% ($50k) 13-month CD Special29 Florida counties See review
3Rivers Federal Credit Union2.85% ($20k) 13-month CD Special7 northeast Indiana counties See review
Community Credit Union2.85% ($25k), 2.65% ($1k) 13-month CD Special6 central Florida counties See review
Centris Credit Union2.84% ($90k) 14-month Jumbo CD3 Nebraska and 1 Iowa counties See review
Polish National Credit Union2.83% ($500) 13-month Term Share Certificate4 Massachusetts and 3 Connecticut counties See review
Navy Army Community Credit Union2.83% ($1k) 13-month CD Special8 South Texas counties See review
American Eagle Bank of Chicago2.75% ($1k) 14-month New Money Step Up CDCook and Kane Counties, Illinois See review

18-month CD Rates

INOVA Federal Credit Union3.40% ($200) 20-month IRAEasy membership See review
Navy Federal Credit Union3.25% ($50-$50k) 17-month Share Certificate Special Military relationship See review
NASA Federal Credit Union3.20% ($5k) 15-months Share CertificateEasy membership See review
INOVA Federal Credit Union3.15% ($200) 20-month CDEasy membership See review
Hyperion Bank3.10% ($500) 19-month CDSee review
Veridian Credit Union3.05% ($100k) 18-month Bump-Up Jumbo CDEasy membership Account review
First Home Bank3.01% ($1k) 18-month CD See review
Kinecta Credit Union3.00% ($1k) 18-month Promo Share CertificateEasy membership See review
Service Credit Union3.00% ($1k) 18-month CD SpecialMilitary relationship See review
CD Bank3.00% ($10k) 18-month CDInternet bank See review
Hanscom Federal Credit Union3.00% ($1k) 19-month CD SpecialEasy membership See review
Advancial2.75% ($50k) 18-month Jumbo CertificateEasy membership See review
First Internet Bank2.90% ($1k) 18-month CDInternet bank See review
Live Oak Bank2.90% ($2.5k) 18-month CDAccount review
Citizens Access2.90% ($5k min) 18-month Online CDInternet Bank Account review
State Bank of India (IL)2.89% ($2.5k) 15-month CD Special
Rising Bank2.85% ($25k) 18-month Rising CDAdd-on & Bump-up options, Internet bank Account review
Veridian Credit Union2.85% ($1k) 18-month Bump-Up CDEasy membership Account review
AgFed Credit Union2.85% ($1k) 18-month CDEasy membership See review
Limelight Bank2.85% ($1k) 18-month CDInternet bank See review
United Bank2.85% ($500) 19-month Flex Up CD25 states See review
Popular Direct2.83% ($10k) 18-month Popular Direct CDInternet bank
Pacific National Bank2.80% ($1k) 18-month Online Promo CD Internet bank See review
Latino Credit Union2.80% ($200k) 18-month Jumbo CD Easy membership See review
CommunityWide Federal Credit Union2.75% ($2k) 18-month Share CertificateEasy membership Account review
PenFed Credit Union2.75% ($1k) 18-month Money Market CertificateEasy membership Account review
PenFed Credit Union2.70% ($1k) 15-month Money Market CertificateEasy membership Account review
Fidelity Brokered CD2.55% (APR) 18-month non-callable CDIssued by WFB*
The Vanguard Group Brokered CD2.55% (APR) 18-month non-callable CDIssued by WFB*
Georgia Banking Company2.36% (3.50% 5-year Certificate closed after 18 months) See review
Michigan State University Federal Credit Union2.26% (3.36% 5-year Jumbo CD closed after 18 months)Easy membership See review
Ally Bank2.26% (3.10% High Yield 5-Year CD closed after 18 months)See review

Noteworthy Local Deals - 18-Month CDs

My Community Credit Union3.56% ($75k) 15-month Jumbo Share Certificate SpecialCollin, Ector, and Midland Counties, Texas See review
My Community Credit Union3.30% ($1k) 15-month Share Certificate SpecialCollin, Ector, and Midland Counties, Texas See review
TruWest Credit Union3.25% ($500) 19-month Investment CD Special4 Arizona and 2 Texas counties See review
Suncoast Credit Union3.20% ($100k) 18-month Jumbo Share Certificate39 Florida counties See review
Atlantic Federal Credit Union3.10% ($500) 19-month CD SpecialEssex and Union Counties, NJ See review
Members First Credit Union3.01% ($1k) 15-month CD SpecialMichigan See review
FORUM Credit Union3.00% ($500) 18-month CD8 Indiana counties (Indianapolis)
Homeland Credit Union3.00% ($75k) 18-month Jumbo CD9 Ohio counties See review
Elmira Savings Bank3.00% ($500) 19-month CD Special2 Central and 5 Southern Tier NY counties See review
Kellogg Community Credit Union3.00% ($500) 19-month CD Special15 west Michigan counties See review
Cornerstone Federal Credit Union3.00% ($5k) 19-month Regular Certificate SpecialEasy membership for Tennessee and Kentucky See review
Cross River Bank2.95% ($500) 18-month CDNew Jersey See review
Atlantic Federal Credit Union2.90% ($500) 15-month Rate Riser CDEssex and Union Counties, NJ See review
Community First Credit Union2.90% ($10k) 15-month CD Special13 northeastern Wisconsin counties See review
Fairwinds Credit Union2.89% ($10k) 18-month Loyalty Add-On CD12 central Florida counties See review
Homeland Credit Union2.85% ($500) 18-month CD9 Ohio counties See review

2-Year CD Rates

NASA Federal Credit Union3.25% ($10k) 25-months Share CertificateEasy membership See review
State Bank of India (IL)3.20% ($2.5k) 1-year Senior Citizen CD
Community Financial Services Bank3.19% ($1k) 29-month CD Special See review
State Bank of India3.19% ($25k) 2-year Senior Citizen CD See review
Latino Credit Union3.15% ($200k) 24-month Jumbo CD Easy membership See review
CD Bank3.07% ($10k) 24-month CDInternet bank See review
Georgia Banking Company3.00% ($500) 2-year Certificate See review
USALLIANCE Financial3.00% ($500) 24-month CDEasy membership Account review
Greenwood Credit Union3.00% ($1k) 24-month CDEasy membership See review
Live Oak Bank3.00% ($2.5k) 2-year CDInternet bank Account review
Connexus Credit Union3.00% ($5k) 24-month Share CertificateEasy membership See review
Consumers Credit Union3.00% ($100k) 22-month Jumbo CD SpecialEasy membership Account review
First Internet Bank2.98% ($1k) 24-month CDInternet bank See review
Advancial2.98% ($50k) 2-year Jumbo CertificateEasy membership See review
AgFed Credit Union2.95% ($1k) 24-month CDEasy membership See review
Rising Bank2.95% ($1k) 2-year Term CDInternet bank Account review
Citizens Access2.95% ($5k min) 2-year Online CDInternet Bank Account review
NASB2.94% ($1k) 24-month Online CD Special See review
Popular Direct2.93% ($10k) 2-year Popular Direct CDInternet bank See review
M.Y. Safra Bank2.91% ($5k) 24-month Online Promo CD See review
CommunityWide Federal Credit Union2.90% ($2k) 24-month Share CertificateEasy membership Account review
SallieMae Bank2.90% ($2.5k) 24-month CDAccount review
The Vanguard Group Brokered CD2.65% (APR) 2-year non-callable CDIssued by CITI, ENER, MSB*
Georgia Banking Company2.65% (3.50% 5-year Certificate closed after 2 years) See review
Fidelity Brokered CD2.60% (APR) 2-year non-callable CDIssued by CITI, DFSB, WFB*
Michigan State University Federal Credit Union2.54% (3.36% 5-year Jumbo CD closed after 2 years)Easy membership See review
Ally Bank2.47% (3.10% 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
Jefferson Financial Credit Union3.26% ($10k) 24-month Share Certificate6 Louisiana parishes and 6 Alabama counties See review
Members First Credit Union3.26% ($1k) 27-month CD SpecialMichigan
Arsenal Credit Union3.25% ($500) 24-month CDSt. Louis metropolitan area (MO and IL) See review
Pelican State Credit Union3.20% ($500) 24-month CDEasy membership for AR, LA, MS, and TX See review
Union Bank & Trust3.15% ($25k), 3.04% ($1k) 27-month CD SpecialCO, IA, KS, MO, NE, and SD See review
Kellogg Community Credit Union3.15% ($500) 29-month CD Special15 west Michigan counties See review
Elmira Savings Bank3.15% ($500) 29-month CD Special2 Central and 5 Southern Tier NY counties See review
BrightStar Credit Union3.10% ($500) 23-month Share CD23 Florida counties See review
Signal Financial Credit Union3.10% ($500) 24-month Winter Wow CD SpecialEasy membership for Maryland, Virginia, and Washington, DC See review
Teachers Credit Union3.09% ($1k) 25-month CD SpecialIndiana and 2 southwest Michigan counties See review
Evergreen Bank Group3.05% ($10k) 29-month CD SpecialChicago metropolitan area 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
Franklin Mint Federal Credit Union3.00% ($500) 24-month CD Special3 SE Pennsylvania and 1 Delaware counties See review
F&M Bank3.00% ($1k) 24-month My Choice CD7 middle Tennessee 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
Blue Hills Bank3.00% ($500) 29-month Flexible CDEastern Massachusetts Account review

3-Year CD Rates

Navy Federal Credit Union3.75% ($50) 40-month IRA Certificate Special Military relationship See review
INOVA Federal Credit Union3.50% ($50k) 30-month IRAEasy membership See review
Veridian Credit Union3.45% ($100k) 41-month Bump Up Jumbo CD Special Easy membership See review
Mountain America Credit Union3.35% ($500) 3-year Term DepositEasy membership See review
State Bank of India (IL)3.35% ($2.5k) 3-year CD
State Bank of India3.34% ($25k) 3-year Senior Citizen CD See review
INOVA Federal Credit Union3.25% ($50k) 30-month CDEasy membership See review
Latino Credit Union3.25% ($200k) 36-month Jumbo CD Easy membership See review
Veridian Credit Union3.25% ($1k) 41-month Bump Up CD Special Easy membershipSee review
Connexus Credit Union3.20% ($5k) 36-month Share CertificateEasy membership See review
Popular Direct3.15% ($10k) 3-year Popular Direct CDInternet bank See review
M.Y. Safra Bank3.10% ($5k) 36-month Online Promo CD See review
First Internet Bank3.05% ($1k) 36-month CDInternet bank See review
AgFed Credit Union3.05% ($1k) 36-month CDEasy membership See review
Citizens Access3.05% ($5k) 36-month CDInternet bank Account review
Live Oak Bank3.05% ($2.5k) 3-year CDInternet bank Account review
Virtual Bank3.01% ($10k) 36-month eCD See review
USALLIANCE Financial3.00% ($500) 36-month CDEasy membership Account review
Salem Five Direct3.00% ($10k) 36-month eCD SpecialAccount review
Rising Bank3.00% ($25k) 3-year Rising CDAdd-on & Bump-up options, Internet bank Account review
Rising Bank3.00% ($1k) 3-year Term CDInternet bank Account review
Georgia Banking Company2.95% (3.50% 5-year Certificate closed after 3 years) See review
The Vanguard Group Brokered CD2.85% (APR) 3-year non-callable CDIssued by MSB, MSPB, WFB*
Michigan State University Federal Credit Union2.83% (3.36% 5-year Jumbo CD closed after 3 years)Easy membership See review
Fidelity Brokered CD2.80% (APR) 3-year non-callable CDIssued by GSB, WFB*
Ally Bank2.69% (3.10% High Yield 5-Year CD closed after 3 years)See review

Noteworthy Local Deals - 3-Year CDs

Gulf Coast Credit Union3.65% ($500) 36-month Share Certificate SpecialJim Wells, Nueces, and San Patricio Counties, TX See review
Money One Federal Credit Union3.60% ($25) 3-year IRAPrince George's County, Maryland See review
Columbia Credit Union3.60% ($100k), 3.55% ($50k), 3.50% ($10k), 3.45% ($500) 30-month CDWashington State and 4 Oregon counties See review
Credit Union One of Oklahoma3.56% ($2.5k-$100k) 35-month Promotional Share Certificate6 Oklahoma counties See review
Northeast Credit Union3.50 ($1k) 35-month Share Certificate New Hampshire and south York County, Maine See review
Pelican State Credit Union3.50% ($500) 36-month CDEasy membership for AR, LA, MS, and TX See review
Unitus Credit Union3.50% ($500) 36-month CDWashington State and 15 Oregon counties See review
Solvay Bank3.50% ($500) 36-month CD Special w/checking6 central New York counties See review
Frontwave Credit Union3.50% ($1k) 3-year Share CertificateRiverside, San Bernadino, and San Diego Counties, California See review
Sharon Bank3.50% ($5k) 39-month Promotional CDDelaware County (PA) and greater Philadelphia metro area See review
Centris Credit Union3.41% ($90k) 40-month Jumbo CD3 Nebraska and 1 Iowa counties See review
Jefferson Financial Credit Union3.40% ($10k) 36-month Share Certificate6 Louisiana parishes and 6 Alabama counties See review
Neighbors Federal Credit Union3.37% ($1.5k) 36-month Share Certificate9 Louisiana parishes
Franklin Mint Federal Credit Union3.36% ($500) 36-month CDEasy membership for Pennsylvania and Delaware See review
Tinker Federal Credit Union3.35% ($1k) 33-month Special Term Certificate3 Oklahoma counties See review
BrightStar Credit Union3.35% ($500) 35-month Share CD23 Florida counties See review
Atlantic Federal Credit Union3.35% ($500) 37-month CD SpecialEssex and Union Counties, NJ See review
Navy Army Community Credit Union3.33% ($1k) 30-month CD8 South Texas counties See review
Peoples Bank3.22% ($2.5k) 33-month CDPointe Coupee and East Baton Rouge Parishes, Louisiana See review
Providence Bank3.30% ($100k) 30-month Jumbo CD 7 Missouri and 1 Illinois counties See review
Bankers Trust Company3.20% ($1k, base rate) 36-month Anniversary CD PromotionIowa and Arizona See review
TruMark Financial Credit Union3.20% ($75k) 36-month Jumbo CD5 SE Pennsylvania counties See review

4-Year CD Rates

State Bank of India3.44% ($25k) 4-year Senior Citizen CD See review
Community Financial Services Bank3.39% ($1k) 49-month CD Special See review
Georgia Banking Company3.35% ($500) 4-year Certificate See review
NASA Federal Credit Union3.35% ($10k) 49-months Share CertificateEasy membership See review
Latino Credit Union3.30% ($200k) 48-month Jumbo CD Easy membership See review
Home Savings Bank3.25% ($5k) 48-month Internet Only CDAccount review
Connexus Credit Union3.20% ($5k) 42-month Share CertificateEasy membership See review
First Internet Bank3.20% ($1k) 48-month CDInternet bank See review
Popular Direct3.20% ($10k) 4-year Popular Direct CDInternet bank See review
Main Street Bank (MI)3.15% ($500) 48-month CD See review
AgFed Credit Union3.15% ($1k) 48-month CDEasy membership See review
Georgia Banking Company3.10% (3.50% 5-year Certificate closed after 4 years) See review
Michigan State University Federal Credit Union2.98% (3.36% 5-year Jumbo CD closed after 4 years)Easy membership See review
The Vanguard Group Brokered CD2.90 (APR) 4-year non-callable CDIssued by GSB*
Fidelity Brokered CD2.90% (APR) 4-year non-callable CDIssued by GSB*
Ally Bank2.80% (3.10% High Yield 5-Year CD closed after 4 years)See review

Noteworthy Local Deals - 4-Year CDs

Pelican State Credit Union3.61% ($500) 48-month CDEasy membership for AR, LA, MS, and TX See review
Bank of Utica3.50% ($500) 4-year to 5-year CD 3 upstate New York counties See review
The Fahey Banking Company3.50% ($500) 48-month CD w/qualifying Kasasa checkingOhio See review
Jefferson Financial Credit Union3.45% ($10k) 48-month Share Certificate6 Louisiana parishes and 6 Alabama counties See review
Altura Credit Union3.50% ($1k) 50-month Share Certificate Riverside and San Diego Counties, portions of Orange and San Bernardino Counties
Tech Credit Union3.45% ($100k) 50-month Jumbo Compound CD4 NW Indiana and 2 NE Illinois counties See review
Neighbors Federal Credit Union3.41% ($1.5k) 48-month Share Certificate9 Louisiana parishes
Cross River Bank3.35% ($500) 48-month CDNew Jersey See review
First Service Credit Union3.35% ($50k), 3.25% ($1k) 48-month CertificateFort Bank, Harris, and Waller Counties, Texas See review
Fairwinds Credit Union3.30% ($10k) 44-month Loyalty Add-On CD12 central Florida counties See review
Lewis Clark Union3.26% 48-month Share Certificate4 Idaho and 3 Washington counties See review
America First Credit Union3.25% ($500) 48-59 month Regular Certificate 11 Utah, 11 Nevada, 16 Idaho, 2 Arizona, and 1 Oregon 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
TruMark Financial Credit Union3.25% ($75k) 48-month Jumbo CD5 SE Pennsylvania counties See review
Tech Credit Union3.22% 50-month Premium Compound CD4 NW Indiana and 2 NE Illinois counties See review

5-Year CD Rates

State Bank of India3.55% ($25k) 5-year Senior Citizen CD See review
Mountain America Credit Union3.51% ($500) 5-year Term DepositEasy membership See review
State Bank of India (IL)3.51% ($2.5k) 5-year CD
Mountain America Credit Union3.51% ($100k max) 5-year Term Deposit Plus (unlimited additional deposit)Easy membership See review
Georgia Banking Company3.50% ($500) 5-year Certificate See review
Utah First Credit Union3.50% ($500) 60-month CDEasy membership
Connexus Credit Union3.40% ($5k) 60-month Share CertificateEasy membership See review
Michigan State University Federal Credit Union3.36% ($100k) 5-year Jumbo CDEasy membership See review
Popular Direct3.35% ($10k) 5-year Popular Direct CDInternet bank See review
Latino Credit Union3.35% ($200k) 60-month Jumbo CD Easy membership See review
First Internet Bank3.30% ($1k) 60-month CDInternet bank See review
INOVA Federal Credit Union3.25% ($200) 5-year IRAEasy membership See review
Fidelity Brokered CD3.05% (APR) 5-year non-callable CDIssued by GSB*
The Vanguard Group Brokered CD3.05% (APR) 5-year non-callable CDIssued by GSB*
INOVA Federal Credit Union3.00% ($200) 5-year CDEasy membership See review

Noteworthy Local Deals - 5-Year CDs

Bank of Utica4.00% ($500) 5-year CD 3 upstate New York counties See review
The Fahey Banking Company4.00% ($500) 60-month CD w/qualifying Kasasa checkingOhio See review
First Guaranty Bank3.75% ($500) 5-year CD Special9 Louisiana parishes and 5 Texas counties See review
The Harbor Bank of Maryland3.71% ($1k) 60-month IRA SpecialDE, MD, NJ, PA, VA, WV, and DC See review
Pelican State Credit Union3.71% ($500) 60-month CDEasy membership for AR, LA, MS, and TX 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
Jefferson Financial Credit Union3.61% ($10k) 60-month Share Certificate6 Louisiana parishes and 6 Alabama counties See review
Shell Federal Credit Union3.60% ($50k), 3.55% ($500), 3.45% ($50k) 60-month Share CertificateHarris County, Texas See review
Neighbors Federal Credit Union3.57% ($1.5k) 60-month Share Certificate9 Louisiana parishes
The Harbor Bank of Maryland3.56% ($1k) 60-month CD SpecialDE, MD, NJ, PA, VA, WV, and DC See review
Texas Bay Credit Union3.56% ($50k) 60-month Jumbo CertificateGreater Houston metro area See review
Enrichment Federal Credit Union3.56% ($2.5k) 59-month Share Certificate Special 8 Tennessee counties See review
Mercantil Bank3.50% ($500) 60-month Online CDFlorida and Texas See review
America First Credit Union3.50% ($500) 60-month Regular Certificate 11 Utah, 11 Nevada, 16 Idaho, 2 Arizona, and 1 Oregon counties 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
Knoxville TVA Employees Credit Union3.40% ($2.5k) 60-month Certificate Special (not new money)8 east Tennessee counties 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

Over 5-Year CD Rates

First National Bank of America3.55% ($1k) 84-month Time CD
INOVA Federal Credit Union3.50% ($200) 6-year IRAEasy membership See review
Andrews Federal Credit Union3.45% ($1k) 84-month Share CertificateEasy membership See review
Northrop Grumman Federal Credit Union3.38% ($40k) 84-month Bonus Term CDEasy membership See review
Signal Financial Credit Union3.35% ($500) 72-month Share Certificate Easy membership See review
M.Y. Safra Bank3.35% ($5k) 72-month Online Promo CD See review
Navy Federal Credit Union3.35% ($100k), 3.25% ($50k) 3.10% ($1k) 7-year CDMilitary relationship See review
Navy Federal Credit Union3.30% ($100k), 3.20% ($50k) 3.05% ($1k) 6-year CDMilitary relationship See review
Fidelity Brokered CD3.30% (APR) 10-year non-callable CDIssued by GSB*
The Vanguard Group Brokered CD3.30% (APR) 10-year non-callable CDIssued by GSB*
INOVA Federal Credit Union3.25% ($200) 6-year CDEasy membership See review
Fidelity Brokered CD3.25% (APR) 7-year non-callable CDIssued by GSB*
The Vanguard Group Brokered CD3.25% (APR) 7-year non-callable CDIssued by GSB*
AFFCU (formerly Air Force Federal Credit Union)3.20% ($2.5k) 7-year CD Easy membership See review
Marcus by Goldman Sachs3.15% ($500) 6-year High Yield CD
KS StateBank3.15% ($500) 7-year CD See review
PenFed Credit Union3.15% ($1k) 7-year Money Market CertificateEasy membership See review
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

First Community Credit Union3.75% ($500) 72-month CD5 Missouri and 3 Illinois counties Account review
Lebanon Federal Credit Union3.60% ($500) 66-month CD SpecialLebanon County, Pennsylvania
Eaton Federal Savings Bank3.39% ($500) 7-year CD5 Central Michigan counties
Credit Human (formerly San Antonio Federal Credit Union)3.35% ($1k) 120-month Share CertificateSan Antonio, TX
Randolph-Brooks Credit Union3.30% ($1k) 84-month CDSan Antonio and Austin, TX, relationship to Randolph Air Force Base
Gesa Credit Union3.25% ($500) 84-month CertificateWashington State Account review
Fairfax County Credit Union3.25% ($2.75) 72-month Share CertificateFairfax County, Virginia Account review
Roselle Savings Bank3.25% ($1k) 84-month CD7 Northern New Jersey counties
Security Service Federal Credit Union3.25% ($50k), 3.20% ($25k), 3.15% ($500) 7-year CDSelect areas in Texas, Colorado, and Utah

* BHAP (Bank Hapoalim), BMNA (Bank NY Mellon NA), CATH (Cathay Bank), CBBV (Community Bankers Bank VA), CBRI (Citizens Bank RI), CITI (Citibank), CMPB (Compass Bank), CNTR (Centier Bank), DBFS (Dollar Bank Federal Savings), ENER (Enerbank USA), EWB (East-West Bank), FTSB (Firstrust Savings Bank PA), GSB (GS Bank), IBLA (Iberiabank Louisiana), MRB (Merchants Bank), MRBI (Merchants Bank of Indiana), MSB (Morgan Stanley Bank), MSPB (Morgan Stanley Private Bank), MZTB (Mizrahi Tefahot Bank), NYCM (New York Community Bank), SAFB (Safra Bank), SANT (Santander Bank), UBMU (MUFG Union Bank), WCB (Westchester Bank), WFB (Wells Fargo Bank)

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

Premier America Credit Union3.20% ($1k) 17-month CD Special Easy membership See review

CDs Removed, No Longer Available - Local

Belmont Savings Bank2.75% ($500) 7-month Holiday CD SpecialMA, NH, and RI online See review
Wayne Westland Federal Credit Union3.03% ($5k) 15-month CD SpecialWayne County, Michigan See review
Gesa Credit Union3.00% ($500) 17-month Certificate SpecialWashington State Account review
Patelco Credit Union3.50% ($250) 3-year Flexible Rising Rate CD16 northern California counties Account review
Cross River Bank3.25% ($500) 36-month CDNew Jersey See review
Afena Credit Union3.20% ($100k) 84-months Share CertificateGrant and Wabash Counties, IN

CDs Removed, Rate Too Low - National

Fort Knox Federal Credit Union2.55% ($500) 14-month CD SpecialEasy membership
KS StateBank2.55% ($500) 1-year CD See review
KS StateBank2.55% ($100k) 1-year Jumbo CD Internet Only Special See review
KS StateBank2.61% ($100k) 18-month Jumbo CD Internet Only Special See review
MutualOne Bank2.63% ($1k) 19-month CD See review
KS StateBank2.72% ($500) 2-year CD See review
KS StateBank2.72% ($100k) 2-year Jumbo CD Internet Only Special See review
Advancial2.98% ($50k) 3-year Jumbo CertificateEasy membership See review
KS StateBank2.85% ($500) 3-year CD See review
KS StateBank2.85% ($100k) 3-year Jumbo CD Internet Only SpecialSee review
KS StateBank2.92% ($500) 4-year CD See review
KS StateBank2.92% ($100k) 4-year Jumbo CD Internet Only Special See review
M.Y. Safra Bank3.25% ($5k) 60-month Online Promo CD See review
PenFed Credit Union3.15% ($1k) 5-year Money Market CertificateEasy membership See review
United States Senate Federal Credit Union3.11% ($60k), 3.05% ($20k), 2.98% ($1k) 60-month CDEasy membership
MutualOne Bank3.09% ($5k) 61-month CDSee review
KS StateBank3.00% ($500) 5-year CD See review

CDs Removed, Rate Too Low - Local

UniBank0.75% ($2.5k) 8-month CD SpecialMassachusetts
UniBank2.25% ($500) 14-month CDConnecticut, Massachusetts, Rhode Island See review
Genisys Credit Union2.65% ($500) 13-month Share Certificate SpecialMichigan, and 1 Pennsylvania and 6 Minnesota counties See review
Liberty Bell Bank2.75% ($2.5k) 15-month CD SpecialSouth New Jersey and Philadelphia metro area Account review
Rhode Island Credit Union2.40% ($500) 18-month CDRhode Island
University of Iowa Community Credit Union2.65% ($100k), 2.55% ($10k), 2.45% ($1k) 15-month CD Special All of Iowa and 4 Illinois counties, University of Iowa relationship See review
HRCU3.00% ($500) 30-month CD SpecialNew Hampshire See review
Gesa Credit Union2.55% ($500) 36-month Certificate SpecialWashington State and 9 Idaho counties Account review
Gesa Credit Union2.30% ($500) 36-month Bump CertificateWashington State and 9 Idaho counties Account review
National Bank of New York City3.10% ($2.5k) 54-59 month CDNYC, Long Island, Westchester See review

Post Publication Edits

2/13/2019: Popular Direct 1-, 4-, and 5-year CD rates lowered.
2/13/2019: Salem Five Direct 36-month eCD Special added.
2/13/2019: Connexus CU 12- and 60-month Share Certificate rates lowered.
2/14/2019: INOVA FCU 5- and 6-year CD/IRA rates lowered.

Related Pages: money market accounts, 1-year CD rates, 5-year CD rates, IRA CD rates, nationwide deals, Internet banks
Comments
HighYield
HighYield   |     |   Comment #1
Good report, sir. You have helped me to become a little more urgent, and finalize my CD choices for the longer term. Thank you. Great work.
Daniel2000
Daniel2000   |     |   Comment #2
Thank you for the thorough work, week after week!
hank
hank   |     |   Comment #3
I am happy now that I jumped on those us senate 5 year rates when I did. So many years of low rates has given me the feeling that these "higher" rates are transitory and I jumped on a lot of 3.5 percent rates. I wonder if that is the peak and for how long
Scott
Scott   |     |   Comment #4
So how soon should we expect banks like ally and purepoint to start lowering their rates on the 5 yr? Any educated guesses? Currently 3.10% which is higher than the brokered one listed.
HighYield
HighYield   |     |   Comment #8
Agree, Scott. I think people who are considering a 5-yr cd had better jump. There's still two or three 3.55% out there, but I'm not familiar with those banks. PenFed or Live Oak Bank at 3.15% is Ok with me, or even PurePoint @3.10%. I'm also thinking about the 2-yr @3.0% at Live Oak.
Bowman
Bowman   |     |   Comment #17
I just grabbed the 2YR at Live Oak @ 3% and also the Term Deposit Plus at Mountain America @ 3.51% with the add on feature as insurance.
NewStar
NewStar   |     |   Comment #5
Thank you Ken for another great report. By the way, POPULAR DIRECT has lowered their CD rates:

4-Year CD is currently 3.20% APY
5-Year CD is now 3.35% APPY

Regards.
RRR
RRR   |     |   Comment #6
Fidelity Brokered 5 year is 3.25% right now.
AOC
AOC   |     |   Comment #7
Is it time to buy 5 year CDs?
jrz83
jrz83   |     |   Comment #14
#6, the only 5 year new issue, brokered CD currently at Fidelity with a 3.25% rate is NOT call-protected. Ken reports call-protected new issue brokered CDs on this site. His listing of 3.05% for a Goldman Sachs Bank 5 year non-callable new issue brokered CD is the highest rate currently available for the call-protected variety.
???
???   |     |   Comment #9
there are still good local deals above those rates. better start looking for relatives you trust to return your certificate paper work
larry
larry   |     |   Comment #11
This is why a good rate coming
AnnO
AnnO   |     |   Comment #16
Um, how does having "relatives you trust" help *you* open an account in *your* name at a not-local-to-you institution which only accepts local residents as members? Handing in someone else's paperwork is not going to fly with know-your-customer regardless.
???
???   |     |   Comment #22
Ann0 #16
UM how about using the Interweb for applying???
AnnO
AnnO   |     |   Comment #65
Wut? You said "better start looking for relatives you trust to return your certificate paper work". Why the heck would you have to get relatives involved "to return your paperwork" if you were talking about things that anyone can apply for online nationwide? facepalm...
???
???   |     |   Comment #99
did i not say LOCAL deals
figure it out
111
111   |     |   Comment #21
Yes, I think one is much better off with the "remote worshiping" strategy.
gregk
gregk   |     |   Comment #10
If the 3.5% 5 year rate is still around at the end of March when Keesler's 7 month CD matures it will likely be my choice for the deployment of those funds.

I'm not optimistic.
???
???   |     |   Comment #13
Mountain America still has 3.51% / 5yr add-on
Bowman
Bowman   |     |   Comment #18
$5 locks that rate at Mountain America and you can add the rest in March.
gregk
gregk   |     |   Comment #20
Been considering that, yes. 100K limit though, but good as far as it goes.
???
???   |     |   Comment #23
3 yr at 3.35% ??? 100K more.
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cdhunter
cdhunter   |     |   Comment #35
i have been told by Marnie Wilkes at Mountain America Credit Union 800-748-4302.

"With the term deposit plus accounts. Yes you can open 2 term deposit plus CD'S the MAX amount for each CD is indeed the $100,000 for the term of the CD. "
I locked in 2 of the 3 yr $100k CDs.
Anonymous
Anonymous   |     |   Comment #36
Actual Mountain America Credit Union terms state that the maximum total deposit in ALL term deposit plus accounts (per person) is $100k -- NOT in each account.
???
???   |     |   Comment #40
#36 Thanks..
MAN !.... i missed that. Just signed for 3y. probably fits better with a ladder. 5yr will be quite idle.
RockyMountainHi
RockyMountainHi   |     |   Comment #49
Does anybody know the EWP on the 5 year CDs (3.5%)? I can't seem to find it anywhere.
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deplorable 1
deplorable 1   |     |   Comment #24
You guys seem to be stressing out over locking up long term CD's at low rates. The banks are sitting back and laughing because this is EXACTLY what they want. Their goal is to get you to lock up as much cash as possible before the next FED hike. The short term CD's are nearly the same rate as 5 year CD's. I need a term premium personally.
???
???   |     |   Comment #26
No Locking Up $ add on CD
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donald MEXICO WILL PAY FOR IT trump
donald MEXICO WILL PAY FOR IT trump   |     |   Comment #28
I think he's referencing 3.35% for 3yrs.
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deplorable 1
deplorable 1   |     |   Comment #30
I'll do a 5 year add-on if one with a decent rate comes along.
Robb
Robb   |     |   Comment #34
What level are you looking for to lock in long term Deplorable1? Last year provided some good 4% long term opportunities. So far this year only the add-on deals look interesting as insurance. While the market has recovered the Ten Year Note which I track closely has languished given the rate outlook at the last Fed meeting and down from about 3.25% last quarter at the peak down to 2.69% today. The German 10 Year note continues to slide and is all the way down to .12%.
deplorable 1
deplorable 1   |     |   Comment #45
4% minimum. I missed that one while I was on vacation last summer and the others seemed like a flash in the pan. If I missed out and this is the top(which i doubt) that's ok. I still have some add-ons and there are many other opportunities for liquid cash. I have a short CD ladder of 3 years or less currently.
Thurston Howell III
Thurston Howell III   |     |   Comment #31
I wish I shared deplorable's optimism. I don't.
Lock up those long CDs now, folks. I think its all down slope from here.
I put my money where my mouth is, big time. I just bought the Discover 10 year CD 3.10%.
Scott
Scott   |     |   Comment #41
EWP at discover on 10 yr is 2 years of interest. Wow. But at least it is only on amount withdrawn.
Thurston Howell III
Thurston Howell III   |     |   Comment #44
Reply to #41. Thanks. That is pretty steep. This is let it ride long-term money. I have never broken a cd early. Never say never, but not too concerned about the ewp. And by the time that cd matures I will be so old I will have forgotten all about it. HaHaHa.
deplorable 1
deplorable 1   |     |   Comment #46
I may live to regret it but 10 years at 3.1% I'll pass. I'm making 3.25% on a 6 month and that's using the banks money with 0% no fee balance transfers. I still have a old 5 year CD maturing next year @ 2.5% which I thought was a bargain at the time. In the past I have usually been pretty good at timing these rate changes. I never felt the need to break a CD and pay the penalty.
Ann Coulter
Ann Coulter   |     |   Comment #48
Do you think its a mistake to lock in 5 year CDs now?
deplorable 1
deplorable 1   |     |   Comment #53
It all depends on what you do with liquid cash. If you just let it sit in a savings account earning 2.25-2.5% then locking in now is probably best. If on the other hand you use liquid cash to do bank bonuses and investments then locking up your cash long term at low rates doesn't make much sense. I still think we get at least one rate hike in 2019 and CD specials can pop up at any time. I remember seeing some 5% short term CD's.
#55 - This comment has been removed for violating our comment policy.
deplorable 1
deplorable 1   |     |   Comment #58
You may want to wait until 2019 is over before rushing to judgement about who is wrong. I told people not to lock in 7 year CD's at 3% and less than a year later there were 4% offers. This is a tricky one to call since we are now in uncharted territory with 22 trillion in debt and coming off a prolonged unprecedented 8 years of 0% rates. I find it very hard to believe that the FED is going to go from 4 hikes in 2018 to 0 hikes in 2020.
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Get Real
Get Real   |     |   Comment #64
We had a 5 year CD @ 4% in November from Connexus. A few people here were preaching that rates would be higher and some were not happy with the EWP. So many lost out. I still have some funds that I can use if a good CD special comes along. I'm looking for 4% on a 5 year. I have a large CD coming due in April. If things are still the same as now the sweet spot is the 2 -3 year CDs paying 3 and change.
AnnO
AnnO   |     |   Comment #66
Garden Savings CU 4yr 4% was also in November 2018.

And the Great Lakes CU 7mo 7% on $7k max was in December 2018.
deplorable 1
deplorable 1   |     |   Comment #70
Whoops I meant 2019 obviously
Mak
Mak   |     |   Comment #33
Those sneaky banks....lol
#39 - This comment has been removed for violating our comment policy.
Brokered
Brokered   |     |   Comment #81
On $1M spread out at 10, 9, 8, 6, 5, 4 and 2 years in brokered CD's I'm exactly $904 underwater for the total balance. That means I could sell the lot for a loss (sort of like an EWP) of $904. I've watched this for the past two months and the trend is clearly headed south for long-term CD's.

You keep looking for the magical 4% but my recent 3.65% are all up in market value. For example, I have an 80K purchased in late December at 3.6% that is up 1.01% to $81,024.

Generally banks want you in long-term so they can plan accordingly. If they keep reducing long-term rates and the FED does increase a 1/4 point why would you expect 4% when a jump from 3% to 3.5% will look fantastic for a long-term CD. We're not quite there yet so we'll have to wait and see.

The real question no one can/will answer is why the long-term rates of 3.6/3.65 didn't hold fast for a few months. The FED rate didn't change so what's the driving force? I believe the obvious answer is rates, like stocks, look to the future when they set prices. The past is history...it's the future that matters.

I predict the current 3.3% 10-yr brokered will be 3.25% by Monday.
Brokered
Brokered   |     |   Comment #82
#81
All of my CD's with short terms are aged. All were purchased as 10-yr new issues.
Mak
Mak   |     |   Comment #83
The amount it shows they are worth in your brokerage account is not necessarily how much you will really get if you sell them.
Brokered
Brokered   |     |   Comment #87
Thursday night...
Checked and CD balance is now GREEN...plus $510.32

Yesterday I was underwater $904
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Anon
Anon   |     |   Comment #79
I went to open an Andrews FCU 84 month 3.45% CD and the ewp is now 360 days interest.
RockyMountainHi
RockyMountainHi   |     |   Comment #84
Does anybody know EwP on Mtn America 5 year CD?
Mak
Mak   |     |   Comment #85
One year ewp
Anon
Anon   |     |   Comment #86
Ken states 365 days interest on the full amount of the CD no matter how little you withdraw.
AnnO
AnnO   |     |   Comment #88
Darn. Andrews was doing 180-day EWP on the 84mo CD when I opened it a couple years ago.
Robb
Robb   |     |   Comment #89
Lucky you 6 months EWP is quite good on such a long term. I've been thinking about that one as well.
gregk
gregk   |     |   Comment #90
State Bank of India (NY) offers a higher 5 year rate than Mountain America CU if you're over 60 (3.55%APY) and its EWP is only 180 days.
#91 - This comment has been removed for violating our comment policy.
Anon
Anon   |     |   Comment #92
I see a 270 day penalty for cds 5 years and over at state bank of india ny
gregk
gregk   |     |   Comment #95
Ken's review ( linked above) says 180 day EWP on a 5 year review. Is that mistaken now? Perhaps its changed since the review was written.
Anon
Anon   |     |   Comment #98
Actually, their customer manual pdf states 270 days while their website states 180 days:

https://www.sbinewyork.com/pdf/Customer_Manual.pdf
https://www.sbinewyork.com/certificate-of-deposit-account.aspx

Also, their website states:
"The principal amount of CD cannot usually be withdrawn before the maturity date, unless the Bank consents to the withdrawal as a special case."
jrz83
jrz83   |     |   Comment #93
The Department of the Treasury sold 50 billion dollars of the 4-week variety of TBills yesterday. That's 10 billion dollars more than they sold on 1/17/19. The rate on the 4-week TBills they sold yesterday is 2.433%. Depending on your state of residence and your taxable income that could mean a taxable-equivalent yield as high as 2.82%. You can purchase new issue 4-week TBills weekly at most major brokerages without fees or commissions.
Brokered
Brokered   |     |   Comment #94
Brokered 2/15/2019

10-yr down again to 3.25% (steady decline from 3.65% in mid December)

7-yr GS has two issues: one at 3.25% the other at 3.20%

5-yr headed down to 3.0%
Brokered
Brokered   |     |   Comment #101
#94
Brokered 2/18/2019

10-yr down to 3.25%
5-yr down to 3.0%

Years ago I remember buying brokered 10-yr at 3.3% and later some PenFed 5/7 year at 3%. It seems like a repeat of that trend.
mountainman
mountainman   |     |   Comment #102
Roughly speaking, what percentage of cash would you suggest putting in a 3.25% 10 year CD? (your only investments being CD's)

One third already locked into a 5 year at 3.7.
???
???   |     |   Comment #103
top rates all the way out to 7 yrs are All about the same APY 3.35%. i think you are the guy that acquired a LARGE windfall. there is no way to figure what rates in future be. If you are intent in getting it all out of our mind for awhile,,instead of sitting on it would get money split to 3yr and 5yr and a Smaller amount in a 10yr 10yr is Way To Far for me but i am older.
mountainman
mountainman   |     |   Comment #105
No large windfall for me. I became ill and lost my business of 25 years. I never invested in anything but my business. Now I'm old, unemployed and just now learning what's best to do with my life's savings.
Brokered
Brokered   |     |   Comment #106
#102, #105
A few questions...
1. Are these CD's brokered or from local bank(s)?
2. Can you give us some idea of your stable retirement income and cash savings (taxable and tax free)?
mountainman
mountainman   |     |   Comment #107
Thank you for your reply.

- These aren't brokered, they're local banks/CU's.
- I have no other income, only CD and savings account interest.
(I had less than 10k income last year. This year with new CDs I should have over 30k after tax.) I've considered minis but don't haven't seen any good offerings. So everything is taxable.

However I have a house to be sold which I am considering renting for over two times my current rent. The house is currently worth 200 to 270 (depending on repairs to be done).
MichaelP
MichaelP   |     |   Comment #108
#107, I recommend a collection of CDs with different maturities. A 5-year CD ladder is a good way to achieve this. To learn more about CD ladders see: https://www.nerdwallet.com/blog/banking/building-perfect-cd-ladder/
MDH71
MDH71   |     |   Comment #109
mountainman, to help us advise you...what is your approximate age?...how many years are you from collecting Social Security?
Brokered
Brokered   |     |   Comment #110
#107
You can get a lot of fragmented advice on a forum but no one can really advise without a set of baseline information.
Age, Marital Status
Net worth breakdown (property, cash, investments, etc.)
Present and future income streams
Investment income
Outstanding debt (secured and unsecured)
and last but not least annual expenses.

A million dollars in CD's can earn $35K/year pre-tax or it can earn nothing sitting in a bank. It could also make/lose a lot in the stock market! A 50-year old may not want to touch principal where a 70-year old might start a draw down.

CD's are FDIC insured but you must know the limits, which is another subject altogether. The bank where you purchase CD's is not obligated to inform you..understanding FDIC/NCUA insurance is your responsibility.

There's nothing wrong with 10-yr 3.25% CD's if you want steady income. I recently put $380K in 10-yr. 3.65% CD's.

Good luck!
Good 2 Know
Good 2 Know   |     |   Comment #111
Whoa, brokered, impressive!
mountainman
mountainman   |     |   Comment #113
Thank for your reply, very helpful.

What did you consider that caused you to decide $380k was the amount you should put in this 10 year CD?
Brokered
Brokered   |     |   Comment #114
#113
It was simple. I had some PenFed CD's mature along with two local CD's and a bit of cash on hand looking for a home. I put $380K into the CD's and another $40K in a few stocks. In a little under two years I'll have more PenFed CD's mature and that cash will go to brokered CD's or stocks. We want one local bank, one brokerage and one credit card (we have two but only one is used).

Our 10-yr CD's were purchased over time so they've become naturally "laddered". It's nice to see most of them (brokered) on one screen which is why I prefer using a brokerage.
mountainman
mountainman   |     |   Comment #115
Thanks Brokered #114, for the detailed reply. I like your thinking.

I've already locked up one third, all in one 5 year CD. Should have broken it up into 5, 6, 7 and 10 year CD's. A ten year CD is now in the low three's. Maybe I'll add more. Or maybe look at other options outside of CD's. Someone suggested dividend stocks, 5 to 6%. Someone else suggested 3 to 4% dividend stocks with more growth potential. Another person suggested an annuity ..... another municipal bonds. By the time I pay fees and taxes there would be little left especially with inflation.
Brokered
Brokered   |     |   Comment #116
#115
All those options are...options. It all depends on how much work you want to do, fees you're willing to pay and your general risk level. Over the years I've had many investments and still have hard assets in addition to CD's and stocks. I pay no annual fees. A few lessons learned...
Stocks can go down.
Dividends can be cut, sometimes dramatically.
I run from annuities unless they are in the form of a pension.
Munis often require a knowledge base many don't have.

If you want stocks follow Warren Buffet's advice
https://www.cnbc.com/2018/01/03/why-warren-buffett-says-index-funds-are-the-best-investment.html

We do not need cash flow from investments. I bought CD's because my wife wanted safety and simplicity. I also have a few utility stocks earning great dividends BUT I closely follow and buy these stocks when the time is right. I have sold certain issues when the stock appreciated significantly for a combined annual return of 12-20% but that is never guaranteed. I go for the dividend first and appreciation second. At present that's about 15% of my brokerage account but, again, we do not need income from investments. Barring a calamity or a nursing home stint, we should not have to touch savings until our 90's...when I probably won't care what happens!

Every situation is different so I wish you well. If you can do this yourself and avoid management fees do so.
Brokered
Brokered   |     |   Comment #104
#102
I dislike investment percentages even when it's just cash we're talking about. Ten year CD's are not for everyone because they carry a long-term downside risk. It also depends on where you're at in the savings cycle...beginning, middle or near the end! We may never touch our savings so we can be be conservative with CD's and a few stable utility stocks paying 5-6% dividends.

The answer also depends on the total amount you're considering. If you think rates will rise in the near future perhaps 3.25% is unattractive for 10 years.

Sorry, there's just no easy answer.
gregk
gregk   |     |   Comment #96
Blame everything on the Fed.

They've caved.
Brokered
Brokered   |     |   Comment #97
#96
https://www.reuters.com/article/us-usa-fed-mester/feds-mester-sees-limited-inflation-risk-from-rising-wages-idUSKCN1Q21Z2

The last paragraph may be of special interest.
8832
8832   |     |   Comment #100
Ken, Suncoast Credit Union 3.20% ($100k) 18-month Jumbo Share Certificate is missing from your CD Rate list under 18-months
RichardW
RichardW   |     |   Comment #112
As of 5 pm ET today, the best rates offered at Fidelity for new issue, non-callable, brokered CDs were: 3-mo @ 2.30%, 6-mo @ 2.35%, 9-mo @ 2.40%, 1-yr @ 2.45%, 18-mo @ 2.55%, 2-yr @ 2.60%, 3-yr @ 2.80%, 4-yr @ 2.90%, 5-yr @ 3.05%, 7-yr @ 3.20%, and 10-yr @ 3.25%. Compared to Ken’s post of 2/12/19, the best rates for the 7-yr and 10-yr term CDs are lower in rate, the 3-mo term CD is higher in rate, and all the other term CDs remained the same in rate. Treasuries continue to provide higher rates than new issue, brokered CDs for terms of 1-year or less.
#117 - This comment has been removed for violating our comment policy.

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