Featured 1-Year CD Rates

Popular Posts

Featured Accounts

CD Rates Summary May 23, 2017

POSTED ON BY

CD Rates Summary May 23, 2017

More signs have appeared to suggest that we may not see many more Fed rate hikes this year. The latest sign came from St. Louis Fed President James Bullard who suggested on Friday that the Fed’s projections for raising interest rates this year may be too optimistic. Most on the Fed had projected three rate hikes in 2017, which includes the March hike. According to this USA Today article:

Bullard highlighted the economy’s generally sluggish annual growth pace of about 2%, the recent retreat in inflation and his doubts that the low 4.4% unemployment rate will force employers to bid up wages enough to move the needle on inflation.

Even though doubts have grown about more Fed rate hikes for this year, the chance of a rate hike at the Fed’s June meeting remains pretty strong. The economist Tim Duy explained in this Bloomberg piece why the Fed will likely hike rates in June but then could change course later this year.

a June rate hike remains the best bet. But if inflation stays low into the latter half of this year, the Fed will eventually turn to the third option and adjust down the expected path of tightening. For the moment though, expect Fedspeak to dismiss this option.

More clues about what to expect in June and later this year may come on Wednesday when the Fed releases the minutes from its May FOMC meeting.

The chance of a June and December Fed rate hike did go up in the last week according to the Fed funds futures. They now show an 83% chance of a June Fed rate hike, that’s up from 69% last week. For December, the chance that there will be at least two rate hikes is now about 48%, up from 44% last week. That’s still under 50-50 and way below what it was three weeks ago when it was 60%.

Treasury yield changes were mixed in the last week. For all maturities, the largest change was 4 basis points. The 6-month yield went up by 4 bps, and the 10-year and 30-year yields declined by 4 bps.

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

Treasury Yields:

  • 1-month: 0.76% up from 0.72% last week
  • 6-month: 1.08% up from 1.04% last week
  • 2--year: 1.31% up from 1.29% last week
  • 5--year: 1.84% down from 1.86% last week
  • 10-year: 2.29% down from 2.33% last week
  • 30-year: 2.95% down from 2.99% last week

Fed funds futures' probabilities of future rate hikes by:

  • Jun 2017 - at least one hike: 83.1% up from 69.2% last week
  • Dec 2017 - at least one hike: 92.4% up from 86.9% last week
  • Dec 2017 - at least two hikes: 47.8% up from 44.1% last week

Certificate of Deposit Rates

The small surge of CD rate hikes that we’ve seen in the last month has ended. There were just a few banks and credit unions that raised their rates or offered new competitive specials. One internet bank that came out with new specials rates is Salem Five Direct. Its two most competitive new CDs are its 18-month (1.50% APY) and its 36-month (2.00% APY). Salem Five Direct is the second internet bank to offer 2% APY on a 3-year CD. The other one is Northern Bank Direct, a new internet bank that I first reviewed in early April. The best 3-year CD deal continues to be at USAlliance Financial Credit Union (2.20% APY).

Salem Five Direct also came out with a new savings account special which guarantees a 1.25% APY on balances up to $500k until 7/1/2018 (that’s over a year from now). This is included in the under-1-year CD category since the rate guarantee gives it the fixed rate attribute of a CD. You can consider this a CD with any term you want from one week to just over a year. If you already have a Salem Five Direct savings account, you’re out of luck. The special only applies to new customers. Existing savings account customers won’t receive this rate.

We have a new rate leader for nationally available 1-year CDs. State Bank of Texas increased its 1-year Jumbo CD rate (1.55% APY). This requires a $100k minimum. An important downside with State Bank of Texas is that they don’t have an online application. If you don’t live near a branch, you’ll have to send in the application by mail or fax.

Another bank that raised its 1-year CD rate is Amboy Direct. Its 1-year eSavings CD rate increased by 11 bps to 1.46% APY. Minimum deposit is $10k. The unique thing about this CD is that it allows add-on deposits up to a maximum balance of $100k. However, add-on deposits are only allowed for the first six months.

We’re not seeing much upward movement for long-term CDs. In fact, there was only one change to the nationwide 5-year CD table, and that was a removal. MutualOne Bank ended its special 61-month CD (2.53% APY).

Currently, there aren’t many banks or credit unions offering top-rates on 5-year CDs that have small early withdrawal penalties. Ally Bank is one of the few. If its 5-year CD (2.25% APY) is closed early from 18 months to 4 years from account opening, the effective yields (after the early withdrawal penalties) are quite competitive, ranging from 1.64% (after 18 months) to 2.03% (after 4 years). You can see all the effective yields in one-month increments using our CD early withdrawal penalty calculator.

Below is my standard explanation of the strategy of using long-term CDs with mild early withdrawal penalties and how I include these effective yields in the tables below.

An alternative to short-term CDs is long-term CDs that have mild early withdrawal penalties. I include the effective yields of a few long-term CDs when closed early in the tables below. All of these have competitive long-term CD rates and an early withdrawal penalty of 6 months of interest or less. The combination of a high long-term CD rate combined with a mild early withdrawal penalty makes these CDs pretty good deals even when closed early. If you want to compare the effective yields of other CDs after the early withdrawal penalties, please refer to our CD early withdrawal penalty calculator.

The risks of planning for early withdrawals of long-term CDs were highlighted by the deposit agreement change at Ally. The risks have also been seen at credit unions which have raised the early withdrawal penalties on existing CDs. I have more details in this blog post.

Savings & Checking Account Rates

In the past I’ve covered savings and checking account rate changes in another weekly summary post. Each week I would publish one post with a recap of savings and checking account rate changes and another post with a recap of CD rate changes. Since there aren’t a lot of rate changes, I’m now alternating these posts. This week I’ll just publish this CD summary. Next week I’ll just publish the savings/checking summary. For both summaries I’ll include the same economic overview. You can always get the latest rates for savings/checking accounts and CDs by using our rate tables. Just use the menu on top.

Yields Accurate as of May 23, 2017

Under 1-Year CD Rates

InstitutionRatesNotes
The Palladian PrivateBank1.30% Savings Account promo 6-month rate ($10K min/$500K max)See review
HSCB1.30% 5-month Promo CDSee review
HSCB1.25% Promo Premier Savings (rate guaranteed through 8/31/17)See review
Salem Five Direct1.25% eOne Savings (rate guarantee through 7/1/18) See review
McGraw-Hill Federal Credit Union1.25% ($75k) Ascend Account MMA (rate guarantee through 8/31/17) See review
CD Bank1.20% ($10k) 9-month CDInternet bank See review
VirtualBank1.16% ($10k) 9-month eCD See review
AloStar Bank of Commerce1.13% (1.35% 12-month Share Certificate closed after 6 months) - See review
VirtualBank1.11% ($10k) 6-month eCD See review
EverBank1.11% (1yr intro rate, up to $250k) 0.61% ongoing rateMMA/Checking - Account review

Noteworthy Local Deals - Under 1-Year CDs

Five Star Bank2.00% 8-month CD (checking relationship)18 western New York counties See review
First Tennessee Bank1.50% ($50k) 9-month Money Market Savings (6 month rate guarantee)AL, AR, GA, KY, MS, NC, TN, and VA See review
Bankers Trust Company1.50% (base rate) 9-21 month Pick-A-Term CD PromoCedar Rapids/Des Moines, IA and Phoenix, AZ See review
CFG Community Bank1.31% Relationship MMA (6 month rate guarantee)MD, VA, DC, and PA See review
First Federal Lakewood1.28% Select MMA (1 year rate guarantee)Ohio See review
Maine Highlands Credit Union1.26% 6-month IRA CertificatePiscataquis County and 12 central Maine communities See review
EastBank1.25% 7-month Special CDNYC See review
Providence Bank1.25% 9-month CD SpecialMissouri and southwest Illinois See review
Coastal Heritage Bank1.25% 9-month CDMassachusetts' South Shore
Synergy Bank, SSB1.20% 10-month CD Special ($10kDallas/Fort Worth area
Primary Bank1.11% ($10k) Choice Money Market (rate guarantee through 1/11/18)New Hampshire See review
Capital One Bank1.10% Essential Savings 6-month guaranteeCT, DC, DE, LA, MD, NJ, NY, TX, and VA See review

1-Year CD Rates

State Bank of Texas1.55% ($100k) 1.45% ($25k) 12-month CD See review
Connexus Credit Union1.50% 12-month Share CertificateEasy membership See review
UNIFY Financial Credit Union1.50% (2.00% 60-month Share Certificate closed after 1 year)Easy membership
Amboy Direct1.46% ($10k min/$100k max) 12-month eSavings CD Internet bank See review
VirtualBank1.46% ($10k) 12-month eCD Internet bank See review
Banesco USA1.45% 12-month CD
EverBank1.45% 1-year Yield Pledge CD Internet bank See review
US Postal Service Federal Credit Union1.45% 12-month e-CertificateEasy membership See review
CD Bank1.45% ($10k) 12-month CDInternet bank See review
Andrews Federal Credit Union1.45% ($10k) 12-month Jumbo Share CertificateEasy membership See review
My e-BAnC by BAC Florida Bank1.45% ($100k) 12-month Jumbo Time Deposit See review
M.Y. Safra Bank1.43% 12-month Online Promo CD See review
My e-BAnC by BAC Florida Bank1.42% 12-month Time Deposit See review
Melrose Credit Union1.41% 1-year Share CertificateCurrently operating under an NCUA conservatorship
Northwest Federal Credit Union1.41% ($250k), 1.31% ($100k) 1-year CDEasy membership See review

Noteworthy Local Deals - 1-Year CDs

Ent Credit Union1.75% 13-month CD Special9 Colorado counties See review
AmeriCU1.55% ($100k) 12-month Jumbo Partner Certificate9 Upstate New York Counties See review
General Electric Credit Union1.55% ($100k) 1-year Jumbo CDSouthwest Ohio
Bayer Heritage Federal Credit Union1.51% 12-23 month Share Certificate Portions of OH, SC, WV; Bayer Corporation employees See review
Seasons Federal Credit Union1.51% 14-month Featured Certificate Middlesex County, CT See review
Numerica Credit Union1.50% 13-month Share Certificate Special (new members only) Washington and Idaho See review
JetStream Credit Union1.50% 13-month Certificate Account Miami-Dade County, FL, four Puerto Rico municipalities See review
West Town Bank & Trust1.50% Personal Classic Checking (rate guarantee for one year)Chicago metro area and Eastern North Carolina See review
Potlach No 1 Federal Credit Union1.50% 12-month Share Certificate Special11 Idaho and 2 Washington counties
First Bank & Trust1.45% ($100k) 14-month Jumbo CD SpecialChicago See review
South Shore Bank1.40% 14-month Rewards CDMassachusetts

18-month CD Rates

Ally Bank1.64% (2.25% High Yield 5-Year CD closed after 18 months)See review
NASA Federal Credit Union1.60% 15-month CD Special Easy membership See review
Veridian Credit Union1.60% 15-month Jumbo CD ($100k)Easy membership See review
UNIFY Financial Credit Union1.58% (2.00% 60-month Share Certificate closed after 18 months)Easy membership requirements
Popular Direct1.55% ($10k) 18-month Popular Direct CDInternet bank
The Vanguard Group Brokered CD1.55% 18-month non-callable CDIssued by WFB*
Fidelity Brokered CD1.55% 18-month non-callable CDIssued by WFB*
VirtualBank1.51% ($10k) 18-month eCD See review
Veridian Credit Union1.50% 15-month CD SpecialEasy membership See review
Salem Five Direct1.50% 18-month eCD See review
iGObanking1.50% 18-month iGOCD Internet bank See review
CD Bank1.50% ($10k) 18-month CDInternet bank See review
Service Credit Union1.50% 20-month Certificate Special Limited membership See review
M.Y. Safra Bank1.47% 18-month Online Promo CD See review

Noteworthy Local Deals - 18-Month CDs

First United Credit Union1.80% 18-month CD Special (checking relationship)23 West Michigan counties See review
Public Service Credit Union1.80% 21-month CD SpecialColorado See review
NEFCU1.75% 18-month CertificatePortions of Nassau and Suffolk Counties, New York See review
Citizens Bank1.75% 15-month CD w/checkingCT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, and VT See review
Collins Community Credit Union1.71% ($250k), 1.66% ($100k), 1.61% ($50k) 15-month CD Special 38 eastern Iowa counties See review
Cedar Falls Community Credit Union1.70% 15-month Jumbo Certificate7 Iowa counties See review
CenterBank1.70% 17-month Anniversary Special CD Greater Cincinnati area See review
First United Credit Union1.70% 18-month CD Special 23 West Michigan counties See review
Ulster Savings Bank1.66% 20-month Promo CD w/checkingDutchess, Ulster, and Orange Counties, New York See review
Chesapeake Bank1.65% 19-month CD Eastern Virginia See review
Popular Community Bank1.65% 21-month CDNew York, New Jersey, Florida See review
Hanover Community Bank1.65% 21-month CDNassau, Suffolk, Queens, and Kings Counties, New York See review
Lincoln 1st Bank1.65% 18-month Variable Rate CDNorthern New Jersey See review
PathFinder Bank1.65% 18-month CD SpecialOnondaga and Oswego Counties, NY See review
Walpole Co-operative Bank1.65% 20-month CD SpecialWalpole, Massachusetts area See review
Farmers State Bank1.62% 15-month CD3 NE Iowa counties

2-Year CD Rates

Veridian Credit Union1.90% 25-month Jumbo CD ($100k min)Easy membership
Veridian Credit Union1.80% 25-month Special CDEasy membership
Ally Bank1.79% (2.25% High Yield 5-Year CD closed after 2 years)See review
UNIFY Financial Credit Union1.76% (2.00% 60-month Share Certificate closed after 2 years)Easy membership
Bethpage Federal Credit Union1.75% 25-month CertificateEasy membership See review
Hughes Federal Credit Union1.71% ($99k) 29-month CD Easy membership See review
Connexus Credit Union1.70% 24-month Share CertificateEasy membership (Added to Summary on 3/30) See review
Chevron Federal Credit Union1.70% ($250k) 2-year SuperShare 250 CD See review
M.Y. Safra Bank1.66% 2-year CD Special See review
Northern Bank Direct1.65% 24-month CD Internet bank See review
Synchrony Bank1.65% ($2k) 24-month CD Internet bank See review
CD Bank1.65% ($10k) 24-month CDInternet bank See review
KS StateBank1.65% ($100k) 2-year Jumbo CD Internet Only Special See review
The Vanguard Group Brokered CD1.65% 2-year non-callable CDIssued by SYN*
Fidelity Brokered CD1.65% 2-year non-callable CDIssued by AMEX FSB, AMEX C, COB NA, COB USA, SYN, WEX, WFB*
My e-BAnC by BAC Florida Bank1.64% ($100k) 24-month Jumbo Time Deposit See review

Noteworthy Local Deals - 2-Year CDs

First United Credit Union2.40% 24-month CD Special (checking relationship)23 West Michigan counties See review
First United Credit Union2.30% 24-month CD Special23 West Michigan counties See review
Collins Community Credit Union2.12% ($250k), 2.06% ($100k), 2.01% ($50k) 28-month CD Special 38 eastern Iowa counties See review
1st United Credit Union2.00% 24-month Fixed Share Certificate6 Northern California counties See review
Hudson Valley Federal Credit Union2.00% 24-month Certificate Account Dutchess, Orange, Putnam, and Ulster Counties, NY See review
University of Iowa Community Credit Union2.00% 26-month CD Special 82 Iowa and 4 Illinois counties, University of Iowa relationship See review
First Federal Credit Union2.00% 29-month CD SpecialLinn County, Iowa See review
Hanover Community Bank1.90% 29-month CDNassau, Suffolk, Queens, and Kings Counties, New York See review
Greater Iowa Credit Union1.81% 22-month CD Special33 Iowa counties See review
JetStream Credit Union1.80% 25-month Certificate Account Miami-Dade County, FL, four Puerto Rico municipalities See review
Westerra Credit Union1.80% ($10k) 25-month Bump-Up/Add-On CD7 Colorado counties See review
Sandy Spring Bank1.80% ($10k) 27-month Premier CD SpecialMaryland and Northern Virginia See review
Farmers State Bank1.72% 28-month CD3 NE Iowa counties
Bayer Heritage Federal Credit Union1.77% 24-35 month Share Certificate Portions of OH, SC, WV; Bayer Corporation employees See review

3-Year CD Rates

USAlliance Financial2.20% 36-month High Yield CD SpecialEasy membership
Northwest Federal Credit Union2.02% 30-month Celebration Certificate Easy membership See review
Salem Five Direct2.00% 36-month eCD See review
Connexus Credit Union2.00% 36-month Share CertificateEasy membership (Added to Summary on 3/30) See review
Northern Bank Direct2.00% 36-month CD Internet bank See review
Ally Bank1.95% (2.25% High Yield 5-Year CD closed after 3 years)See review
GS Bank1.90% 3-year CD
iGObanking1.90% 36-month iGOCD See review
Fidelity Brokered CD1.90% 3-year non-callable CDIssued by AMEX FSB, AMEX C, COB NA, COB USA, GSB*
The Vanguard Group Brokered CD1.90% 3-year non-callable CDIssued by SYN*
Popular Direct1.90% ($10k) 3-year Popular Direct CDInternet bank
Veridian Credit Union1.90% ($100k)39-month Jumbo CDEasy membershipSee review
Hughes Federal Credit Union1.87% ($99k), 1.76% ($50k), 1.66% ($1k) 36-month CDEasy membership
Synchrony Bank1.85% ($2k) 36-month CD Internet bank See review
M.Y. Safra Bank1.85% 36-month Online Promo CD See review
RTN Federal Credit Union1.85% 37-month CD SpecialEasy membership See review
UNIFY Financial Credit Union1.84% (2.00% 60-month Share Certificate closed after 3 years)Easy membership requirements
Melrose Credit Union1.81% 3-year Share CertificateCurrently operating under an NCUA conservatorship
My e-BAnC by BAC Florida Bank1.81% ($100k) 36-month Jumbo Time Deposit See review

Noteworthy Local Deals - 3-Year CDs

Triangle Credit Union2.25% 35-month CD Special5 NH and 4 MA counties (Added to Summary on 3/29) See review
Hudson Valley Federal Credit Union2.25% 36-month Certificate Account Dutchess, Orange, Putnam, and Ulster Counties, NY See review
Primary Bank2.25% 3-year CDNew Hampshire See review
Institution for Savings2.25% 40-month CDMassachusetts' North Shore See review
Beverly Bank2.10% 36-month CD Massachusetts' North Shore See review
Perpetual Federal Savings Bank2.07% 36-month CDCentral Ohio See review
1st Gateway Credit Union2.05% 40-month CD SpecialEastern Iowa, Western Illinois
Haverhill Bank2.02% 36-month CDNE Massachusetts and nearby New Hampshire See review
Bayer Heritage Federal Credit Union2.02% 36-47 month Share Certificate Portions of OH, SC, WV; Bayer Corporation employees See review
Farmers State Bank2.02% 39-month CD3 NE Iowa counties See review
VITAL Federal Credit Union2.01% 36-month CDSpartanburg County, South Carolina See review
American United Federal Credit Union2.00% 36-month Share Certificate (bump rate or 0.10% rate increase)Salt Lake and Tooele Counties, Utah See review
Vibrant Credit Union2.00% 33-month CD SpecialIowa, Illinois Quad Cities area
Fairport Savings Bank2.00% 35-month CD SpecialNew York State See review
JetStream Credit Union2.00% 37-month Certificate Account Miami-Dade County, FL, four Puerto Rico municipalities See review

4-Year CD Rates

Hanscom Federal Credit Union2.50% 48-month Certificate w/Premier CheckingEasy membership See review
NASA Federal Credit Union2.25% 49-month CD Special
Fidelity Brokered CD2.25% 4-year non-callable CDIssued by AMEX FSB, AMEX C, COB NA, COB USA^
Melrose Credit Union2.07% 4-year Share CertificateCurrently operating under an NCUA conservatorship
Northern Bank Direct2.05% 48-month CD Internet bank See review
Ally Bank2.03% (2.25% High Yield 5-Year CD closed after 4 years)See review
M.Y. Safra Bank2.01% 48-month Online Promo CD See review
First Internet Bank2.02% 48-month CDInternet bank See review
Synchrony Bank2.00% ($2k) 48-month CD Internet bank See review
Bay State Savings Bank2.00% 48-month CD
Popular Direct2.00% ($10k) 4-year Popular Direct CDInternet bank
Latino Credit Union2.00% 48-month CD Easy membership See review
UNIFY Financial Credit Union1.84% (2.00% 60-month Share Certificate closed after 4 years)Easy membership requirements

Noteworthy Local Deals - 4-Year CDs

Bayer Heritage Federal Credit Union2.53% 48-59 month Share Certificate Portions of OH, SC, WV; Bayer Corporation employees See review
Institution for Savings2.50% ($250k) 4-year Money Market CD (also requires $250K in MMA)Parts of Massachusetts
Tech Credit Union2.48% ($100k) 50-month Jumbo CompoundCD4 NW Indiana and 2 NE Illinois counties See review
Pelican State Credit Union2.41% 48-month CDRapides Parish, Louisiana
Jefferson Financial Credit Union2.38% ($10k) 48-month Share Certificate4 Louisiana Parishes See review
Tech Credit Union2.33% 50-month Premium Compound CD4 NW Indiana and 2 NE Illinois counties See review
Beverly Bank2.30% 48-month CD Massachusetts' North Shore See review
Deere Employees Credit Union2.30% 48-month Share CertificateEmployees and retirees of Deere & Company See review
Perpetual Federal Savings Bank2.28% 48-month CDCentral Ohio See review
ASI Federal Credit Union2.27% 48-month CDGreater New Orleans metro area See review
Primary Bank2.25% ($10k) 4-year Choice CDNew Hampshire See review
First Service Credit Union2.20% ($50k) 48-month CertificateHarris and Waller Counties, Texas See review
East Boston Savings Bank2.16% 48-month CD SpecialBoston metro area See review

5-Year CD Rates

Mountain America Credit Union2.50% 60-month Term DepositEasy membership
Melrose Credit Union2.42% 5-year Share CertificateCurrently operating under an NCUA conservatorship
Fidelity Brokered CD2.40% 5-year non-callable CDIssued by AMEX FSB, AMEX C, COB NA, COB USA, GSB*
The Vanguard Group Brokered CD2.40% 5-year non-callable CDIssued by AMEX FSB, AMEX C, GSB, SYN*
Utah First Federal Credit Union2.40% 60-month CDEasy membership See review
United States Senate Federal Credit Union2.40% ($60k), 2.34% ($20k), 2.28% ($1k) 60-month CD Easy membership
Synchrony Bank2.35% ($25k), 2.30% ($2k) 60-month CDInternet bank See review
Popular Direct2.35% ($10k) 5-year Popular Direct CDInternet bank
State Bank of India (IL)2.32% 5-year CD
Ally Bank2.25% High Yield 5-Year CDSee review

Noteworthy Local Deals - 5-Year CDs

Bayer Heritage Federal Credit Union2.79% 60-month Share Certificate Portions of OH, SC, WV; Bayer Corporation employees See review
Pelican State Credit Union2.61% 60-month CDRapides Parish, Louisiana
Cyprus Credit Union2.60% 60-month CD and Dream CD Utah See review
Shell Federal Credit Union2.60% ($50k), 2.55% ($50) 60-month Share CertificateHarris County, Texas See review
Jefferson Financial Credit Union2.58% ($10k) 60-month Share Certificate4 Louisiana Parishes See review
Idaho Central Credit Union2.55% 60-month Promo CD27 Idaho and 1 Nevada counties See review
America First Credit Union2.55% 60-month Regular Certificate 5 Utah, 2 Arizona, 2 Nevada counties See review
Beverly Bank2.55% 60-month CD Massachusetts' North Shore See review
Achieva Credit Union2.55% ($75k) 60-month IRA Plus 10 Florida counties See review
ASI Federal Credit Union2.53% 60-month CDGreater New Orleans metro area See review
SouthEast Bank2.51% 60-month CD Special East and Middle Tennessee See review
Institution for Savings2.50% 60-month CDMassachusetts' North Shore See review
University Federal Credit Union2.50% 60-month CDSalt Lake County, Utah See review
General Electric Credit Union2.50% 5-year CDSouthwest Ohio
Bank of Utica2.50% 5-year CDUtica, NY area
Utah Community Credit Union2.50% 60-month Regular CDJuan, Sanpete, Salt Lake, and Wasatch Counties, Utah See review
Granite Credit Union2.50% 60-month CertificateSalt Lake County, Utah See review
American United Federal Credit Union2.50% 60-month CD (includes 0.10% rate increase)Salt Lake and Tooele Counties, Utah See review
Mid-Florida Credit Union2.50% ($10k) 5-year Certificate Special20 Florida counties See review

Over 5-Year CD Rates

The Vanguard Group Brokered CD2.75% 10-year non-callable CDIssued by SYN*
Fidelity Brokered CD2.75% 10-year non-callable CDIssued by GSB, SYN*
Apple Federal Credit Union2.60% 120-month CD
The Vanguard Group Brokered CD2.50% 7-year non-callable CDIssued by SYN*
Fidelity Brokered CD2.50% 7-year non-callable CDIssued by GSB, SYN*
GS Bank2.30% 6-year CD
Elements Financial2.25% 10-year CDEasy membership
Apple Federal Credit Union2.25% 84-month CD
Northrop Grumman Federal Credit Union2.24% ($40k) 84-month Bonus Term CDEasy membership
Andrews Federal Credit Union2.20% 84-month Share Certificate See review
Discover Bank2.20% 10-year CD
PenFed Credit Union2.17% 7-year Money Market CertificateEasy membership See review
Navy Federal Credit Union2.15% ($100k), 2.10% ($1k) 7-year CDMilitary relationship See review
Andrews Federal Credit Union2.10% 72-month IRA Certificate See review
Elements Financial2.10% 7-year CDEasy membership

Noteworthy Local Deals - Over 5-year CDs

PeoplesChoice Credit Union3.04% 120-month CDYork and Cumberland Counties, Maine
Black Hills Federal Credit Union2.70% ($200k) 7-8 year Ultimate CD (w/checking)South Dakota See review
Sharefax Credit Union2.68% ($15k) 80-month Gold Share CertificateSouthwestern Ohio
San Antonio Federal Credit Union2.60% 10-year Share CertificateSan Antonio, TX
MidFirst Direct2.50% 84-month CDAZ, AR, CA, CO, FL, MO, NH, NV, NY, OK, TX, WY See review
Financial Center First Credit Union2.50% 84-month Share Certificate10 central Indiana Counties (greater Indianapolis)
Island Federal Credit Union2.50% 84-month CertificateNassau and Suffolk Counties, NY See review
First National Bank (PA)2.45% 10-year CD Special ($10k)PA, MD, OH, WV
Wright-Patt Credit Union2.40%($100k) 72-month CD 10 Ohio counties See review
Advia Credit Union2.30% 70-month Promo CD 68 Michigan, 7 Wisconsin, and 1 Illinois counties See review
First Republic Bank2.25% ($10k) 6-year CDCA, CT, FL, MA, NY, OR See review
Gesa Credit Union2.20% 7-year CDWashington State

*AMEX FSB (American Express Federal Savings Bank), AMEX C (American Express Centurion Bank), COB NA (Capital One Bank, NA),COB USA (Capital One Bank, USA), GSB (GS Bank), SYN (Synchrony Bank), WEX (WEX Bank), WFB (Wells Fargo Bank)

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

McGraw-Hill Federal Credit Union1.59 ($50k), 1.49% ($20k) 19-month CD Special See review
MutualOne Bank2.53% 61-month CDInternet bank See review

CDs Removed, No Longer Available - Local

TruWest Credit Union1.75% 9-month CD w/checking4 Arizona and 2 Texas counties See review
Watch Hill Bank1.50% 12-month CD SpecialGreater Cincinnati area See review
Wright-Patt Credit Union1.84%($100k), 1.73% ($500) 25-month Special CD 10 Ohio counties See review

CDs Removed, Rate Too Low - National

Live Oak Bank1.40% 1-year CDInternet bank See review
GS Bank1.40% 12-month CD
Synchrony Bank1.40% ($2k) 12-month CD Internet bank See review
VirtualBank1.61% 2-year CD See review
Hughes Federal Credit Union1.61% ($50k) 29-month CD Easy membership See review

CDs Removed, Rate Too Low - Local

Patelco Credit Union2.00% 60-month Share CertificateNorthern California See review
Patelco Credit Union1.35% 36-47 month Share CertificateNorthern California See review

Post Publication Edits

5/25/2017: NEFCU 18-month Certificate added.

Related Pages: savings accounts, money market accounts, 1-year CD rates, 5-year CD rates, nationwide deals, Internet banks
Comments
xxx
xxx   |     |   Comment #1
Once again, Fidelity's brokered CD's are becoming competitive with some of the best CU CD's. For example, Fidelity's 4 year CD has the same rate as NASA (2.25%). However, neither is a very attractive rate this year. With a slew of 3 year CD offerings hovering around 2.0%, that 2.25% offering isn't as good a deal as it was last year. Fidelity's CD's are easy to re-invest CD's when they mature (especially in IRA accounts). However, that 0.1% spread amounts to $1K a year in lost interest on $1M. So, you're paying for that convenience. The other downside is that in a rising interest rate environment, you're pretty much stuck with the CD until maturity. For those reasons, I guess I'll stick to rate chasing during my retirement.
Nothing
Nothing   |     |   Comment #2
And, one cannot take ANY distribution from a brokered IRA CD w/o selling all of it. And, for those that have non-brokered bank CDs where those same bank are offering brokered CDs...why the spread?
Att
Att   |     |   Comment #4
And add that interest is not compounded and is paid out monthly
gregk
gregk   |     |   Comment #3
For many of us what matters most is where rates are from about October through January of 2018 when our 3% NWFCU & PFCU CD's of some years ago mature. One hopes rates haven't peaked
and already begun another descent by then, although in even a best case scenario I'm pessimistic we'll exceed the original 3% to renew.
Bill
Bill   |     |   Comment #5
Synchrony says rate for a 5-year CD is 2.30% for $2000 to $24999 and goes to 2.35% for $25000 and up.
Bill
Bill   |     |   Comment #6
which is what you say in your review, but the above list gives a minimum of $2k for 2.35%
Bozo
Bozo   |     |   Comment #7
For your collective giggle of the day, I advised USAA I would not be renewing my maturing 7-yr CD. Currently throwing off a respectable 3.8%, the renewal rate for the seven is (drumrolls) 1.11%.

The reply to my message by a CSR at USAA advised that someone at USAA would be contacting me within the next three days to discuss my account closure. I'll try not to be rude. Promise.
Nothing
Nothing   |     |   Comment #8
Unreal rate...one can only surmise that USAA has a weak business development/loan department and/or their membership is not borrowing $s...could portend the future of USAA?
Bozo
Bozo   |     |   Comment #9
To: Poster "Nothing"
USAA has not been competitive in terms of CD rates for quite some time. Whether it's due to loan demand or other factors, one can only surmise. Suffice it to say, I will have walked out the door with well into the mid-six figures (over the past year) by the end of July. While I have been a member of USAA for going-on 50 years (since I was a boot Ensign in the Navy), my "brand-loyalty" is fraying.

Fool that I was (and perhaps am), I always assumed dollars I plopped in USAA were recycled into loans for USAA members, i.e., military active or veteran. Now, your guess is as good as mine.
deplorable 1
deplorable 1   |     |   Comment #10
Nice 7 year play with that CD Bozo! The problem now is where to put that cash to work until some decent CD rates return. I'm investing in REIT's with long term cash unless I can get at least 3% on a 4-5 year CD.
Nothing
Nothing   |     |   Comment #11
Bozo is also into equities and Bonds...perhaps that is also a "good" parking place, too
Att
Att   |     |   Comment #12
CDS are cash equivalents. REITS are more like stocks. They have a price (NAV) that fluctuates. There are also various types of REITs. You can also get a REITS fund or ETF. I own a REITS fund as part of a diverse portfolio
Bozo
Bozo   |     |   Comment #15
My son, the investment banker, who seems to know a thing or two about these things, suggested to me that REITs were not a terribly wise investment in a rising-rate environment. While he did not elaborate, I suspect it has to do with the carrying costs (read:leverage) and the stickiness of long-term leases. As always, do your own research.
deplorable 1
deplorable 1   |     |   Comment #20
@Bozo: Well that all depends on the share price, for the last 2 years I have invested in a basket of monthly dividend paying REIT's and averaging a 10% yield overall. If the share prices drop below my cost basis I look into picking up a few more shares. MORL has made me a 20% yield for 2 years and I'm up in the share price as well. I bought when the prices were low because people were scared of rising interest rates and now the share prices have recovered.
Bozo
Bozo   |     |   Comment #13
To: Poster "Nothing"

If a satisfactory CD deal does not materialize when the USAA CD matures, I suppose I can plop it into Alliant's savings at 1.05%. The nice thing is, one can transfer money from savings to checking with the click of a mouse; then I would be in a position to overnight the check when a "hot deal" arises. I'm reluctant to park the money in equities (the market is too volatile) or bond funds. I have enough of each at present for my comfort level.
Bozo
Bozo   |     |   Comment #14
Our after-tax (non-IRA) cash stash serves two functions: (1) an income stream in retirement and (2) a safety-net in lieu of long-term-care insurance. On both measures, I am really reluctant to put the stash at risk. My wife and I decided to pass on LTCI many years ago, after reading the horror stories. Being self-insured seemed the most prudent option. As to the income stream, it's fairly simple math. I know what I "have", and I know what I "need", all the rest is math, i.e., finding a rate which throws off that "need".
Nothing
Nothing   |     |   Comment #16
Bozo: On LTC, when you get the time, look at qualifying for Medi-Cal where you live for nursing home...using SPIAs can work for some. The "good part" about dementia is that it comes on relatively slow and thus one is normally able to do last minute planning for it. Of course, if Obamacare/Medicaid gets trashed, all bets are off!
Edward
Edward   |     |   Comment #17
Weren't there a bunch of you complaining that 3% CD was too low awhile back? And are waiting for higher interest rates? Turned down Andrews CU 3% CD because of this and that?

Who's laughing now? ME!
Att
Att   |     |   Comment #18
Some here think they can predict the future or believe that everything they say and do is correct. You have to make your own investment choices on facts and what makes you comfortable and your tolerance for risk.
!!!
!!!   |     |   Comment #19
Very accurate assessment and most believable comment.

Can't tell if some if some people are bragging or complaining, or just trying to impress each other with their financial words of wisdom. Bernie Madoff comes to mind.........
deplorable 1
deplorable 1   |     |   Comment #21
3% for 5 years is fine but for 7 years is much too long. I would need 4% for 7 and 5% for 10. They need to pay me for locking up cash for that long as there will be many other opportunities along the way like bank bonuses, stocks, bonds, shorter term CD specials etc.
Att
Att   |     |   Comment #22
Maybe if you opened a 3% a few years ago for a long term it may have done very well. Would have to do the math and research. I have a 10 year brokered CD paying 3.25% I opened a while ago and has done well for me. No one can predict the future. I have a 3.5 % mortgage. When I bought my 1st house the rates were 12%. I would have never thought rates would be so low. My sister has a 2.65% mortgage. No one can predict the future or what rates will be in the future.
Nothing
Nothing   |     |   Comment #23
Soooo, Amex is issuing 2.4% 5 year brokered CDs and a mere 1.7% 5 year direct CD...why is anyone buying that bad spread from a brick and mortar?
GoneFishing
GoneFishing   |     |   Comment #24
How much is enough? Recently, I cut $1000 from the annual budget (retirement is a joy) and did some math. I'd need a 50K CD at 3% to net $1000 after taxes. The bonus is I did not have to tie up 50K in a long-term CD!
Bozo
Bozo   |     |   Comment #26
GoneFishing, $50,000 X 3% = $1500. $1500 - $500 = $1000. Paying $500 in taxes on an investment return of $1500, well, you are in a much higher marginal bracket than I am.
LuvCD
LuvCD   |     |   Comment #27
Bozo, with "all your money" and different accounts...you must/should have no debt. If no debt, you "must" be living very expensively. Why are you paying any taxes unless your standard of living is "very" high. As noted before, an over 70 age couple can have a gross of north of $70K and pay no federal taxes.
GoneFishing
GoneFishing   |     |   Comment #29
LuvCD
That 70K better be all SS. 70K income from a pension will incur $6,440 on Fed taxes. And, why does debt have anything to do with lifestyle? Multi-millionaires often carry debt for one reason or another. In any case, lifestyle is a state of mind.
LuvCD
LuvCD   |     |   Comment #31
The exemption/std deduction amounts are increased over 65....don't you wish you were there! And, if "you" carry debt (last time I checked most so-called multi-millionaires are not using DA and are a different breed of cat!), you need to have more income to service it! Do not have debt, pay it off before and early as possible...even after taxes with debt deduction you are losing more money!
GoneFishing
GoneFishing   |     |   Comment #33
LuvCD
It's called leverage and it's used all the time. If I can get 8% profit from a string of apartment buildings and my loan cost is 4.5% I can easily leverage my million into several million in real estate holdings. Debt is essential to most modern enterprises, large and small. Servicing the debt is what matters. We're pushing 66 at the moment and there's no end in sight!
LuvCD
LuvCD   |     |   Comment #34
Great to read you're in the multi- group, not the norm for CD watchers
Bozo
Bozo   |     |   Comment #36
GoneFishing, leverage is a tool many folks use without even knowing it. Your garden-variety home mortgage is an example. For folks who itemize, the interest deduction on federal and state taxes is substantial. Whether such "tax expenditures" are rational is a topic far beyond my pay-grade. Don't even get me started on the step-up in basis and depreciation. As one who benefitted personally from this quirk in the tax code, and expects my heirs to do so as well, it's weird.
GoneFishing
GoneFishing   |     |   Comment #30
Bozo
Oops...wrong numbers. On $1500 we'd pay Fed taxes of $420 (28% bracket). I forgot we're still married!
Att
Att   |     |   Comment #25
True. And the drawbacks for a brokered CD are worth it as you can not compound and if you want to close it early you have to sell on the secondary market. .
LuvCD
LuvCD   |     |   Comment #32
Old topic Att, then why not go to the bank (especially if "you" have been a long time customer) and ask them to meet/beat the brokered rate?
Att
Att   |     |   Comment #35
My reply was to the person who mentioned an AMEX brokered CD in this thread. I have 2 brokered CDs from banks not near me and are paying a nice rate.. I can also open a brokered CD via my brokerage account in about 30 seconds about the same when I make stock or mutual fund purchases. Brokered CDs are like bonds and the availability and rate usually change on a daily basis. No need for a bank visit hassle. My highest rate CDs are with Credit Unions. I'm constantly checking this site for CD and savings rate and also my brokerage account for CDs and muni bonds and where I can get the best returns on my investments.
LuvCD
LuvCD   |     |   Comment #38
Att/Clown... amazing is my reaction. Escalate $350 discussion (that amount deserves more consideration "than caller rep" in my opinion (especially after walking before)) and wouldn't a branch Vp/branch mgr. at AmerExp bank like to tackle their loss bus opportunities with Att (I luv travel to visit my money...gives IRS fits to some)...his/her bonus is based on new business!
Bozo
Bozo   |     |   Comment #37
LuvCD, as I've mentioned, my suggestions to meet or beat other rates have generally been met with a stifled yawn. I advised USAA I would be walking out the door with my $350,000 after-tax CD. The CSR said I would be contacted within three working days to discuss my account closure. Well, no contact thus far. I think they got the drift.