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CD Rates Summary November 5, 2019

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With last week’s Fed rate cut combined with the start of a new month, CD rate cuts were widespread at both banks and credit unions. If the Fed is beginning a long pause period, this might be the last large wave of CD rate cuts for some time.

We still see a few credit unions offering CD specials. We lost a few popular CD specials in the last week, such as from Navy Federal. There are also a few credit unions that have continued their CD specials for the last several months. These have become more competitive as CD rates have fallen at other institutions.

In the last two weeks, noteworthy cuts have occurred at the following banks. I’ve separated them into two groups. The first includes the popular banks. All percentages are APYs.

  • Discover Bank (5yr fell 10 bps to 2.20%, 1yr fell 10 bps to 2.10%)
  • Ally Bank (5yr fell 5 bps to 2.25%, 1yr fell 15 bps to 2.00%, 11mo fell 10 bps to 1.90%)
  • Barclays (4yr fell 5 bps to 2.15%, 1yr fell 10 bps to 2.15%)
  • Citizens Access (5yr fell 20 bps to 2.25%, 1yr fell 15 bps to 2.10%)
  • Synchrony Bank (5yr fell 15 bps to 2.30%, 1yr fell 15 bps to 2.10%)
  • TIAA Bank (5yr fell 5 bps to 2.30%, 1yr fell 5 bps to 2.20%)
  • USAA Bank (5yr Super Jumbo fell 16 bps to 2.33%)

The second group includes lesser known banks that had been recent rate leaders.

  • First Internet Bank (5yr fell 3 bps to 2.27%, 1yr fell 15 bps to 1.97%)
  • Limelight Bank (3yr fell 10 bps to 2.25%, 1yr fell 10 bps to 2.05%)
  • Popular Direct (5yr fell 10 bps to 2.15%, 1yr fell 5 bps to 1.90%)
  • Rising Bank (3yr Rising CD fell 10 bps to 2.20%, 18m Rising CD fell 10 bps to 2.15%)
  • CFG Community Bank (5yr fell 15 bps to 2.75%, 1yr fell 15 bps to 2.30%)
  • WauBank (61m fell 20 bps to 2.50%, 13m fell 20 bps to 2.30%)
  • M.Y. Safra Bank (5yr fell 10 bps to 2.30%, 1yr fell 5 bps to 2.20%)

And here are the noteworthy CD rate cuts at credit unions in the last two weeks.

  • Navy Federal (5yr fell 50 bps to 2.50%, 18m fell 35 bps to 2.25%, 9m fell 30 bps to 1.95%)
  • USALLIANCE Financial (3yr fell 50 bps to 2.10%, 1yr fell 10 bps to 2.20%)
  • Dow Chemical Employees' CU (3yr fell 20 bps to 2.70%)
  • Advancial CU (1yr Jumbo down 19 bps to 2.06%)
  • AgFed CU (5yr fell 10 bps to 2.35%, 1yr fell 10 bps to 1.70%)
  • American 1 CU (3yr fell 25 bps to 2.50%, 2yr fell 25 bps to 2.25%)
  • HiWay FCU (5yr fell 15 bps to 2.85%, 3yr up 15 bps to 2.50%)
  • Alliant Credit Union (5yr fell 10 bps to 2.20%, 1yr fell 15 bps to 2.05%)
  • Mountain America CU (5yr fell 10 bps to 2.40%, 3yr fell 5 bps to 2.25%)
  • United States Senate FCU (5yr fell 57 bps to 2.02%, 1yr fell 46 bps to 1.61%)
  • Latino CU (5yr Jumbo fell 40 bps to 2.50%, 1yr Jumbo fell 40 bps to 1.95%)

There was actually some good news at two credit unions with easy membership requirements. One had higher rates on its CD specials, and the other one had small rate increases on its longer-term CDs.

  • NASA FCU (49m up 15 bps to 2.60%, 15m up 20 bps to 2.50%, 9m up 10 bps to 2.35%)
  • Advancial CU (5yr Jumbo up 3 bps to 2.70%, 3yr Jumbo up 1 bp to 2.53%)

Brokered CD Rates

Brokered CD rates have mostly fallen from two weeks ago. This is especially the case for the short-term CDs which tend to be more closely tied to the federal funds rate.

For the top non-callable brokered CDs, the top 1-year rate this morning was 1.60% at both Vanguard and Fidelity. This is down from two weeks ago when the top 1-year rates were 1.70%. For 5-year CDs, the rate changes were mixed. At Vanguard, the top rate increased from 1.90% to 1.95%. However, at Fidelity, the top rate fell from 1.90% to 1.75%. Fidelity actually had a few 5-year CDs with yields of 1.95% and 2.00%, but these were callable CDs.

Brokered CD rates tend to lead direct CD rates. That would suggest that we could see direct CD rates continue to fall.

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

Non-callable CDs continue to be rare for terms of five years and above. That’s an indication that banks think rates will be falling. The callable feature gives the bank the right to redeem a CD early. That can save the bank money when interest rates fall. However, the CD holder loses out if rates fall and the CD is called early.

Direct CD Rates and Deals

For nationally available CDs, there was only one CD special that had rate increases.

That special is being offered by NASA Federal Credit Union. The special CD had rates that increased 10 to 20 bps. The three CDs have the following terms: includes three CD terms: 49 months (2.60% APY), 15 months (2.50% APY), and 9 months (2.35% APY). Minimum deposit is $10k. An association membership enables people in any state to qualify for credit union membership.

CD Specials That Are Still Available

Most of the other CD specials have rates that have been steady for months. These have grown more competitive as rates have fallen at other institutions.

The most noteworthy CD special is at the Pennsylvania-based credit union PSECU. The credit union continues to offer three 3%+ CDs. These include a 24-month CD (3.00% APY), a 36-month CD (3.25% APY), and a 60-month CD (3.00% APY). Minimum deposit is $500. People from any state can join. I have more details in this blog post.

Virginia-based Justice Federal Credit Union continues to have the best 5-year CD rate that’s nationally available. The rate is up to 3.21% APY with a $100k minimum deposit and a checking account relationship. Without the checking account, the rate is 10 bps lower. The rate is also 10 bps lower with a $500 minimum deposit. Membership in Justice FCU is open to anyone through joining the National Sheriff's Association or the National Native American Law Enforcement Association.

Wyoming-based Western Vista Federal Credit Union continues to offer two great CD deals. In early September it introduced a 29-month CD special that earns 3.00% APY. There’s also a 17-month CD special that earns 2.50% APY. Minimum deposit for both CDs is only $500. This credit union currently offers a way for people in any state to join. It just requires a $5 contribution to a foundation. A reader commented that he was able to join and open the 29-month CD, but this required some work. Paperwork had to be notarized and mailed. Please refer to my review of the credit union and this CD special for more details.

San Diego-based Wheelhouse Credit Union also continues to offer two exceptional mid-term CDs: 33-month CD (2.86% APY) and 22-month CD (2.75% APY). There’s also an 11-month CD (2.50% APY). Minimum deposit is $1,000. These specials have been available for much of this year so they may not last much longer.

People from any state can qualify for membership in Wheelhouse by becoming a Zoological Society member of the San Diego Zoo. I’ve been unable to receive more details from the CSRs regarding what’s considered a “Zoological Society member.” A reader emailed me about what the credit union told her. She was informed that membership in the Curators Club of the San Diego County Zoo was the least expensive membership that would make one eligible for credit union membership. Unfortunately, that has a cost of $350. If you receive other lower cost alternatives, please leave a comment. For more details about Wheelhouse and these specials, please refer to this blog post.

Navy Federal CDs

I’m afraid Navy Federal cut the rates of its three Certificate Specials. These are no longer rate leaders and no longer close to the rate leaders. The new top-tier rates are now 2.50% APY (5-year), 2.25% APY (18-month), and 1.95% APY (9-month). The 5-year CD rate had been 3.50% APY, but this rate started to fall in August.

3% 5-Year CDs

We now only have two credit unions offering nationally available 5-year CDs with yields of at least 3%. PSECU (3.00% APY) and Justice FCU (up to 3.21% APY) are now the only ones. Rate drops at Navy Federal and at HiWay Federal have took both of these credit unions out of this group. State Department FCU’s 5-year IRA CD remains in this group, but the rate fell to 3.09% APY when November began. The non-IRA 5-year CD rate is 2.88% APY.

Top CD Rates at Banks

First place now goes to DollarSavingsDirect which has long been offering 2.80% APY on its 5-year CD. Minimum deposit is $1k, and a DollarSavingsDirect savings account is required. The early withdrawal penalty is only 180 days of interest. However, early withdrawals require the “consent of the Bank.” I have more details in this DollarSavingsDirect CD review.

Savings, Money Market Account and No-Penalty CD Rates

The rate leader continues to be FitnessBank’s Savings Account. However, there was a rate drop. The top rate fell 15 bps to 2.60% APY. This isn’t the typical savings account. After the first month, you must qualify for the rate by linking a step-tracking app to the account and maintaining a minimum average daily number of steps.

For savings accounts or money market account without activity requirements, the top rate is now 2.40% APY. This is available at First Foundation Bank. Minimum balance to qualify for this rate is $1,000.

Rate Guarantees

The highest rate on a savings or money market account with a rate guarantee is 2.25% APY. Customers Bank is offering the Ascent Money Market Savings account with a 2.25% APY that’s guaranteed to last until 6/30/2020. Minimum balance to qualify for this rate is $25k, and there is no maximum balance.

This Customers Bank Ascent Money Market Savings account is a better deal than the current no-penalty CDs, which offer the rate lock of a CD and much of the liquidity of a savings account. Ally Bank and CIT Bank recently lowered the rates of their no-penalty CDs. Now the highest rate on a no-penalty CD from the well-established online banks is 2.00% APY. The term is 7 months, and the minimum deposit is $500.

A no-penalty CD is most useful if you already have a savings account at one of these banks. In those cases, it’s easy to open the no-penalty CD with money from the savings account. If rates keep declining and you don’t need that money, just leave the money alone in the no-penalty CD. If you find a better deal or if you need the money, close the CD without penalty and transfer it back into the savings. It’s an easy way to earn more on your savings with little hassle and with no significant loss of liquidity.

Next Update

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

Yields Accurate as of November 5, 2019

Under 1-Year CD Rates

InstitutionRatesNotes
NASA Federal Credit Union2.35% ($10k) 9-month CDEasy membership See review
Communitywide FCU2.25% ($2k) 6-month Share CertificateEasy membership Account review
BrioDirect2.20% ($500) 9-month CDInternet bank See review
Sun East Federal Credit Union2.20% ($5k) MAX-Yield Money Market Account (13 month guarantee)Easy membership See review
CIBC USA2.20% ($25k) 9-month Agility CD
Consumers Credit Union2.15% ($100k) 8-month Jumbo CD (NTS*)Easy membership Account review
Elements Financial2.10% ($1k) 8-month CD Special (NTS*)Easy membership Account review
Andrews Federal Credit Union2.05% ($1k) 8-month Certificate Special (NTS*)Easy membership Account review
Luther Burbank Savings2.05% ($10k) 6-month CD Special (NTS*) Account review
ConnectOne Bank2.05% ($500) 5-month CD (NTS*) Account review
TAB Bank2.02% ($1k) 9-month CD (NTS*) Account review
CD Bank2.00% ($10k) 3-month CD (NTS*) Account review
Fidelity Brokered CD1.60% (APR) 3-month non-callable CDIssued by FNBLI*
Fidelity Brokered CD1.60% (APR) 6-month non-callable CDIssued by SAFB*
The Vanguard Group Brokered CD1.60% (APR) 9-month non-callable CDIssued by AMRT*
Fidelity Brokered CD1.60% (APR) 9-month non-callable CDIssued by AMRT*
The Vanguard Group Brokered CD1.55% (APR) 3-month non-callable CDIssued by PBTX, PUB, SBoI*
The Vanguard Group Brokered CD1.55% (APR) 6-month non-callable CDIssued by PBTX, TSCB*

Noteworthy Local Deals - Under 1-Year CDs

Share Point Credit Union3.00% ($10k max) eSavings, 2 year rate guarantee7 Minnesota counties See review
Horizons North Credit Union2.60% ($50k) 6-month Share Certificate Special (NST*)Easy membership in Colorado See review
First Exchange Bank2.40% ($2.5k) 182-day CD Special (NTS*)West Virginia
Bank of Lake Mills2.37% ($2.5k) 9-month CD Special (NTS*)Southeast Wisconsin
Community Bank (NE)2.32% ($2.5k) 9-month CD Special (NTS*)Eastern Nebraska
VisionBank (IA)2.30% ($2.5k) 9-month CD Special (NTS*)Central Iowa See review

1-Year CD Rates

First National Bank of America2.35% ($1k) 12-month CD See review
SallieMae Bank2.35% ($2.5k) 12-month CDAccount review
Communitywide FCU2.30% ($1k) 12-month Share Certificate (NTS*)Easy membership Account review
Live Oak Bank2.30% ($2.5k) 1-year CD (NTS*)Account review
TAB Bank2.25% ($1k) 12-month CD (NTS*) Account review
Quontic Bank2.25% ($1k) 12-month CD (NTS*) Account review
Merrick Bank2.25% ($25k) 12-month CD (NTS*)Internet bank Account review
My eBanc2.25% ($5k) 12-month Online Time Deposit (NTS*) See review
Dow Chemical Employees' Credit Union2.25% ($1k) 21-month Simple CD (NTS*)Easy membership See review
Fidelity Brokered CD1.60% (APR) 1-year non-callable CDIssued by BoA, GSB*
The Vanguard Group Brokered CD1.60% (APR) 1-year non-callable CDIssued by AMRT, GSB, SAFB*

Noteworthy Local Deals - 1-Year CDs

EFCU Financial2.80% ($100k) 12-month Jumbo CD (NTS*)9 Louisiana parishes See review
AmeriCU2.70% ($100k) 12-month Jumbo Core Certificate (NTS*)9 Central/Northern New York counties See review
P1FCU2.55% ($500) 12-month Share Certificate (NTS*)15 Idaho and 8 Oregon counties, all of Washington State See review
Diversified Members Credit Union2.50% ($200) 13-month CD Special (NTS*)All of Michigan See review
First Alliance Credit Union2.50% ($500) 11-month CD Special (NTS*)5 SE Minnesota counties See review

18-month CD Rates

Blue Federal Credit Union2.75% ($100k), 2.625% ($75k), 2.50% ($50k) 17-month Term Share SpecialEasy membership See review
TruStone Financial Credit Union2.50% ($2.5k) 20-month CD SpecialEasy membership
NASA Federal Credit Union2.50% ($10k) 15-month Share Certificate Special (NTS*)Easy membership See review
First National Bank of America2.35% ($1k) 12-month CD See review
State Bank of India (IL)2.37% ($2.5k) 15-month CD Special
Wings Financial Credit Union2.32% ($50k) 17-month Certificate Special (NTS*)Easy membership Account review
Communitywide Federal Credit Union2.30% ($1k) 18-month Share Certificate (NTS*)Easy membership Account review
Live Oak Bank2.30% ($2.5k) 18-month CDAccount review
Sallie Mae Bank2.30% ($2.5k) 18-month CD Internet bank See review
Andrews Federal Credit Union2.25% ($1k) 17-month Certificate SpecialEasy membership See review
TAB Bank2.25% ($1k) 18-month CD (NTS*) Account review
Pacific National Bank2.25% ($1k) 18-month CD Special (NTS*) Account review
Fidelity Brokered CD1.60% (APR) 18-month non-callable CDIssued by SOB*

Noteworthy Local Deals - 18-Month CDs

AmeriCU2.90% ($100k) 18-month Partner Certificate (NTS*)9 Central/Northern New York counties See review
EFCU Financial2.85% ($100k) 18-month Jumbo CD (NTS*)9 Louisiana parishes See review
Royal Credit Union2.78% (no min) 18-month CD16 Minnesota and 26 Wisconsin counties See review
Charlotte Metro Credit Union2.75% ($100k) 18-month Senior Jumbo Share Certificate7 North Carolina and 3 South Carolina counties See review
P1FCU2.65% ($500) 18-month Share Certificate (NST*)15 Idaho and 8 Oregon counties, all of Washington State See review

2-Year CD Rates

PSECU3.00% ($500) 24-month CDEasy membership See review
Western Vista Federal Credit Union3.00% ($500) 29-month CD SpecialPossible easy membership See review
Wheelhouse Credit Union2.75% ($1k) 22-month Certificate SpecialEasy membership See review
Hughes Federal Credit Union2.63% ($99k) 29-month Jumbo CDEasy membership See review
Hughes Federal Credit Union2.53% ($50k) 29-month Mini-Jumbo CDEasy membership See review
Home Loan Investment Bank2.50% ($2.5k) 2-year eCD See review
Dow Chemical Employees' Credit Union2.45% ($5k) 21-month Simple CD SpecialEasy membership See review
Dover Federal Credit Union2.45% ($100k) 2-year Share CertificateEasy membership See review
Advancial2.41% ($50k) 2-year Jumbo Certificate (NTS*)Easy membership See review
Northrop Grumman Federal Credit Union2.40% ($40k) 24-month Bonus Term CD (NTS*)Easy membership See review
NuVision Federal Credit Union2.40% ($100k) 2-year Jumbo CD (NTS*)Easy membership See review
First National Bank of America2.37% ($1k) 24-month CD
Comenity Direct2.30% ($1.5k) 2-year CDInternet bank Account review
Live Oak Bank2.30% ($2.5k) 2-year CD (NTS*)Account review
Sallie Mae Bank2.30% ($2.5k) 24-month CD (NTS*) Internet bank See review
The Vanguard Group Brokered CD1.75% (APR) 2-year non-callable CDIssued by SMB*
Fidelity Brokered CD1.70% (APR) 2-year non-callable CDIssued by GSB*

Noteworthy Local Deals - 2-Year CDs

Encompass Credit Union3.04% ($500) 24-month CDClinton, Howard, and Tipton Counties, Indiana See review
AmeriCU3.00% ($1k) 24-35 month Partner Certificate9 Central/Northern New York counties See review
EFCU Financial2.95% ($100k) 24-month Jumbo CD (NTS*)9 Louisiana parishes See review
Louisiana Federal Credit Union2.89% ($100k) 2-year Jumbo Share Certificate (NTS*)Clinton, Howard, and Tipton Counties, Indiana See review
Employee Resources Federal Credit Union2.83% ($5k) 2-year CD (NTS*)4 central Tennessee countiesSee review

3-Year CD Rates

PSECU3.25% ($500) 36-month CDEasy membership See review
Wheelhouse Credit Union2.86% ($1k) 33-month Certificate SpecialEasy membership See review
Hughes Federal Credit Union2.79% ($99k) 36-month Jumbo CDEasy membership See review
Dow Chemical Employees' Credit Union2.70% ($1k) 36-month Simple CDEasy membership See review
Hughes Federal Credit Union2.69% ($50k) 36-month Mini-Jumbo CDEasy membership See review
2.55% ($2.5k) 30-month eCD See review
Dover Federal Credit Union2.60% ($100k), 2.50% ($25k), 2.40% ($500) 3-year Share CertificateEasy membership
Northrop Grumman Federal Credit Union2.57% ($40k) 36-month Bonus Term CD (NTS*)Easy membership See review
Garden Savings Federal Credit Union2.53% ($500) (NTS*) 3-year Share CertificateEasy membership
Primary Bank2.50% (no min) 3-year CD (NTS*)
First National Bank of America2.40% ($1k) 36-month CD
TAB Bank2.35% ($1k) 36-month CD (NTS*) Account review
Sallie Mae Bank2.35% ($2.5k) 36-month CD (NST*) Internet bank See review
Fidelity Brokered CD1.80% (APR) 3-year non-callable CDIssued by GSB*
The Vanguard Group Brokered CD1.80% (APR) 3-year non-callable CDIssued by GSB*

Noteworthy Local Deals - 3-Year CDs

Keesler Federal Credit Union3.20% blended ($100k) 30-month Jumbo Step CertificateEasy membership for Louisiana and Texas See review
EFCU Financial3.05% ($100k) 36-month Jumbo CD (NTS*)9 Louisiana parishes See review
Encompass Credit Union3.04% ($500) 36-month CD (NTS*)Clinton, Howard, and Tipton Counties, Indiana See review
Northpark Community Credit Union3.03 ($1k) 36-month CD (NTS*)19 central Indiana counties See review
Charlotte Metro Credit Union3.00 ($k)50 3-year Jumbo Share Certificate (NTS*)7 North Carolina and 3 South Carolina counties See review

4-Year CD Rates

Dover Federal Credit Union2.76% ($100k), 2.65% ($25k), 2.55% ($500) 4-year Share CertificateEasy membership
PSECU2.75% ($500) 48-month CD (NTS*)Easy membership See review
2.70% ($500) 48-month CDEasy membership
Northrop Grumman Federal Credit Union2.65% ($40k) 48-month Bonus Term CDEasy membership See review
NASA Federal Credit Union2.60% ($10k) 49-month Share Certificate Special (NTS*)Easy membership See review
Advancial2.59% ($50k) 4-year Jumbo Certificate (NTS*)Easy membership See review
NuVision Federal Credit Union2.55% ($100k) 4-year Jumbo CD (NTS*)Easy membership See review
Garden Savings Federal Credit Union2.53% ($500) (NTS*) 4-year Share CertificateEasy membership
State Department Federal Credit Union2.52% ($500) 48-month Certificate (NTS*)Easy membership
Primary Bank2.50% (no min) 4-year CD (NTS*)
First National Bank of America2.50% ($1k) 48-month CD
Prime Alliance Bank2.40% ($500) 48-month CDSee review
TAB Bank2.35% ($1k) 48-month CD (NTS*) Account review
Live Oak Bank2.35% ($2.5k) 4-year CD (NTS*)Account review
Fidelity Brokered CD1.75% (APR) 4-year non-callable CDIssued by 3rd FED*
The Vanguard Group Brokered CD1.75% (APR) 4-year non-callable CDIssued by RAYJB*

Noteworthy Local Deals - 4-Year CDs

EFCU Financial3.30% ($100k), 3.20% ($500) 48-month IRA9 Louisiana parishes See review
P1FCU3.25% ($500) 48-month Share Certificate15 Idaho and 8 Oregon counties, all of Washington State See review
AmeriCU3.20% ($1k) 48-59 month Partner Certificate9 Central/Northern New York counties See review
EFCU Financial3.20% ($100k), 3.10% ($500) 48-month CD9 Louisiana parishes See review
Mutual 1st Federal Credit Union3.12% ($1k) 43-month CD Special (NTS*)4 Nebraska and 1 Iowa counties See review

5-Year CD Rates

Justice Federal Credit Union3.21% ($100k), 3.10% ($500) 60-month CDEasy membership See review
State Department Federal Credit Union3.09% ($500) 60-month IRA CertificateEasy membership
PSECU3.00% ($500) 60-month CD (NTS*)Easy membership See review
Pen Air Federal Credit Union2.95% ($500) 60-month CDEasy membership See review
Dover Federal Credit Union2.90% ($100k), 2.80% ($25k), 2.75% ($500) 5-year Share CertificateEasy membership
Hiway Federal Credit Union2.85% ($25k), 2.75% ($10k), 2.65% ($500) 60-month CertificateEasy membership See review
DollarSavingsDirect2.80% ($1k) 60-month CD See review
Affinity Plus Federal Credit Union2.75% ($500) 60-month CD (NTS*)Easy membership
Interior Federal Credit Union2.73% ($100k) 60-month Jumbo Share Certificate (NTS*)Easy membership
Wings Financial Credit Union2.73% ($100k) 5-year Certificate (NTS*)Easy membership Account review
Credit Union of the Rockies2.70% ($1k) 60-month Promotional CD (NTS*)Easy membership Account review
Home Loan Investment Bank2.60% ($2.5k) 5-year eCD See review
First National Bank of America2.55% ($1k) 60-month CD
Primary Bank2.50% (no min) 5-year CD (NTS*)
Prime Alliance Bank2.50% ($500) 60-month CD (NTS*)See review
Heritage Bank2.47% ($25k) 60-month Triple Option CD (NTS*)
The Vanguard Group Brokered CD1.95% (APR) 5-year non-callable CDIssued by MSB, SMB*
Fidelity Brokered CD1.75% (APR) 5-year non-callable CDIssued by COMB*

Noteworthy Local Deals - 5-Year CDs

CSE Federal Credit Union3.40% ($250) 5-year Share IRA Certificate3 Louisiana parishes See review
SAFE Federal Credit Union3.38% ($100k), 3.27% ($50k), 2.76% ($1k) 60-month Investment Certificate7 South Carolina counties See review
P1FCU3.35% ($500) 60-month Share Certificate15 Idaho and 8 Oregon counties, all of Washington State See review
CSE Credit Union3.35% ($1k) 5-year Share Certificate3 Louisiana parishes See review
Fedstar Federal Credit Union3.35% ($10k) 60-month CD Special (NST*)Roanoke County, Virginia See review

Over 5-Year CD Rates

Andrews Federal Credit Union3.05% ($1k) 84-month Share CertificateEasy membership See review
Northrop Grumman Federal Credit Union2.85% ($40k) 84-month Bonus Term CDEasy membership See review
Navy Federal Credit Union2.75% ($100k), 2.65% ($1k) 7-year CDMilitary relationship See review
Navy Federal Credit Union2.70% ($100k), 2.60% ($1k) 6-year CDMilitary relationship See review
First National Bank of America2.60% ($1k) 84-month Time CD
Goldman Sachs Bank2.35% ($500) 6-year High-Yield CD (NTS*)
Evansville Teachers Federal Credit Union2.34% ($1k) 6-year CD (NTS*)Easy membership See review
USAA Bank2.33% ($175k) 7-year Super Jumbo CD (NTS*)
M.Y. Safra Bank2.30% ($1k) 72-month MYSB Direct Online CD (NTS*)
Discover Bank2.30% ($2.5k) 10-year CD (NTS*)
LegacyTexas Bank2.26% ($1k) 120-month Regular CD (NTS*)
Third Federal Savings and Loan2.20% ($500) 72-month CD (NTS*)

Noteworthy Local Deals - Over 5-year CDs

Equitable Savings & Loan Association3.37% ($500) 120-month CD NE Colorado
VIA Credit Union3.30% ($500) 60-71 month HSA CD (NTS*)12 Indiana counties See review
AmeriCU3.30% ($1k) 60-72 month Partner Certificate9 Central/Northern New York counties See review
Maine Savings Federal Credit Union3.14% ($500) 66-month CDEasy membership in Maine Account review
Sharonview Federal Credit Union3.00% ($500) 84-month CD (NTS*)Easy membership in NC, SC, GA, TN, and VA Account review

*ALLY (Ally Bank), BHAP (Bank Hapoalim), BMW (BMW Bank), BoA (Bank of America), BoC (Bank of China), FFB (First Foundation Bank), GSB (GS Bank), MBPA (Meridian Bank PA), META (Meta Bank), MRBI (Merchants Bank of Indiana), MSB (Morgan Stanley Bank), SAFB (Safra Bank), SBoI (State Bank of India), SBoIIL (State Bank of India IL), WFB (Wells Fargo Bank)

**New To Summary

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

None

CDs Removed, No Longer Available - Local

Streator Onized Credit Union2.38% ($500) 7-month CD Special16 north central Illinois counties See review
Leominster Credit Union2.25% ($1k) 9-month Term Share CD Special6 Massachusetts counties See review
Aventa Credit Union3.04% ($500) 18-month Ascent CD Special9 south central Colorado counties See review
BCS Community Credit Union2.65% ($500) 15-month Special CDEMR in Colorado See review

CDs Removed, Rate Too Low - National

Navy Federal Credit Union1.95% ($1k) 9-month Certificate SpecialMilitary relationship See review
Customers Bank2.25% ($25k)Ascent Money Market Savings (rate guarantee through 6/30/2020 - Account review
My eBanc2.25% ($100k), 2.15% ($10k) 11-month Flex Time Deposit See review
TotalDirectBank2.20% ($25k) 3-month CDInternet Bank (not available in CA or FL)
Advancial1.93% ($50k) 6-month Jumbo CertificateEasy membership See review
Wheelhouse Credit Union2.50% ($1k) 11-month Certificate SpecialEasy membership See review
Credit Union of Denver2.25% ($5k) 13-month CD SpecialEasy membership See review
TotalDirectBank2.36% ($25k min) 12-month CDInternet Bank (not available in CA or FL)
State Bank of India (IL)2.22% ($2.5k) 1-year Senior Citizen CD
Rising Bank2.15% ($1k) 1-year Term CDInternet bank Account review
Synchrony Bank2.10% ($2k) 14-month CDAccount review
State Bank of India (IL)2.22% ($2.5k) 1-year CD
Navy Federal Credit Union2.25% ($1k) 18-month Certificate SpecialMilitary relationship See review
Western Vista Federal Credit Union2.50% ($500) 17-month CD SpecialPossible easy membership See review
Merrick Bank2.25% ($25k) 18-month CDInternet bank Account review
TotalDirectBank2.60% ($25k) 24-month CDInternet Bank (not available in CA or FL)
USALLIANCE Financial2.20% ($500) 24-month CDEasy membership See review
American 1 Credit Union2.25% ($500) 2-year CDEasy membership
State Department Federal Credit Union2.32% ($500) 24-month CertificateEasy membership
Nationwide by Axos Bank2.40% ($500) 24-month CDInternet bank Account review
American 1 Credit Union2.50% ($500) 3-year CDEasy membership
USALLIANCE Financial2.10% ($500) 36-month CDEasy membership See review
TotalDirectBank2.60% ($25k) 36-month CDInternet Bank (not available in CA or FL)
Blue Federal Credit Union2.45% ($100k), 2.20% ($50k), 1.95% ($2k) 36-month CDEasy membership See review
Comenity Direct2.35 ($1.5k) 3-year CDInternet bank Account review
State Bank of India (IL)2.17% ($25k) 3-year Senior Citizen CD
State Department Federal Credit Union2.73% ($500) 48-month IRA CertificateEasy membership
Latino Credit Union2.45% ($200k) 48-month Jumbo CD Easy membership See review
Hiway Federal Credit Union2.70% ($25k), 2.61% ($10k), 2.51% ($500) 48-59 month CDEasy membership See review
University Federal Credit Union2.50% ($100k) 48-month Fixed Jumbo CDEasy membership
Hanscom Federal Credit Union2.60% ($1k) 48-month CD SpecialEasy membership See review
Blue Federal Credit Union2.60% ($100k), 2.35% ($50k), 2.10% ($2k) 48-month CDEasy membership See review
Affinity Plus Federal Credit Union2.50% ($500) 48-month CDEasy membership
Comenity Direct2.40% ($1.5k) 4-year CDInternet bank Account review
First Internet Bank2.24% ($1k) 48-month CDInternet bank See review
State Bank of India2.27% ($25k) 4-year Senior Citizen CD See review
Navy Federal Credit Union2.50% ($1k) 5-year CDMilitary relationship See review
State Department Federal Credit Union2.88% ($500) 60-month CertificateEasy membership
Transportation Federal Credit Union2.98% ($100k) 5-year Jumbo CDEasy membership See review
Signature Federal Credit Union2.70% ($100k) 5-year Jumbo Share CertificateEasy membership
CFG Community Bank2.75% ($500) 60-month Online Bump-Up CD See review
Signature Federal Credit Union2.60% ($50k) 5-year Share CertificateEasy membership
University Federal Credit Union2.65% ($100k) 60-month Fixed Jumbo CDEasy membership
The Federal Savings Bank2.00% ($10k) 5-year Promotional CD See review
TotalDirectBank2.60% ($25k) 60-month CDInternet Bank (not available in CA or FL)
Nationwide by Axos Bank2.56% ($500) 60-month CD See review
AFFCU2.57% ($100k), 2.52% ($25k), 2.47% ($12.5k), 2.42% ($2.5k) 7-year CDEasy membership See review
First National Bank of America2.55% ($1k) 72-month CD
Apple Federal Credit Union2.40% ($500) 120-month CD

CDs Removed, Rate Too Low - Local

Westmark Credit Union2.15% ($500) 9-month CD34 Idaho counties See review
Linn Area Credit Union2.25% ($1k) 9-month CD22 eastern Iowa counties See review
Space Coast Credit Union2.63% ($500) 12-month IRA29 Florida counties See review
Credit Union ONE0.65% ($200) 10-month Add-On CD Special Michigan See review
WauBank2.30% ($50k) 13-month CD SpecialAZ, CT, FL, MA, RI, TN, VA See review
Premier Credit Union2.20% ($100k) 12-month Jumbo Certificate22 eastern Iowa counties See review
Baton Rouge Telco Federal Credit Union2.15% ($500) 12-month Share Certificate10 Louisiana parishes See review
Marshall Community Credit Union3.00% ($125k) 15-month Premier CD Special8 southwest Michigan counties See review
CommonWealth One Federal Credit Union2.40% ($100k), 2.35% ($50k) 24-month Share CertificateEasy membership for VA, MD, DC, WV, NC, KY, TN residents See review
People Driven Credit Union2.80% ($500) 28-month CD Special 8 SE Michigan counties See review
Unitus Credit Union3.25% ($500) 36-month CDWashington State and 15 Oregon counties See review
Peoples Bank3.22% ($2.5k) 33-month CDPointe Coupee and East Baton Rouge Parishes, Louisiana See review
P1FCU3.15% ($500) 36-month Share Certificate15 Idaho and 8 Oregon counties, all of Washington State See review
EFCU Financial3.35% ($100k) 60-month Jumbo IRA9 Louisiana parishes See review
Signal Financial Credit Union2.76% ($500) 72-month Share Certificate Easy membership for residents of MD, VA, and DC See review
Liberty Savings Federal Credit Union3.00% ($5k) 72-month CDHudson County, New Jersey Account review

Related Pages: savings accounts, 1-year CD rates, 5-year CD rates, IRA CD rates, nationwide deals, Internet banks
Comments
gregk
gregk   |     |   Comment #1
Keesler FCU's 30 month 3.20% Jumbo ($100,000 minimum) offer is worth an explicit mention since so many of us became members under their relaxed membership policy a while back. I'm likely to consider this when my Marcus Goldman (bonus) funds are freed up in a week or so, - moreso than the substantially equivalent PSECU offering where I'd have to labor through the tedium of another membership application. What's Keesler's EWP on 30 months, if anyone knows off the top of their head?
111
111   |     |   Comment #8
Dunno, but the Keesler website does not currently list a 30-month (unless Jumbo's are listed separate from other CDs), plus Ken here has the dreaded "Rates for Keesler Federal Credit Union are currently being reviewed." message up right now. Does not look good.
#2 - This comment has been removed for violating our comment policy.
Right...
Right...   |     |   Comment #3
There comes a point where adding more CU memberships and accounts are not worth keeping track of. How many are enough? Can't say. Every person has a different point. I know that I have reached that point.
gregk
gregk   |     |   Comment #6
You've reached that point until the next irresistible offer comes down the pike, I think you mean.
Traveling light
Traveling light   |     |   Comment #9
Agree with Right...

But you'd have a hard time convincing the hard-core addicts on this website. The guys with 26 bank acounts and 48 credit cards and 14 checking accounts, etc.

I'm good with just one online savings acct, one checking acct, and my SS check every month.
Keep life simple.
#10 - This comment has been removed for violating our comment policy.
Million Bucks
Million Bucks   |     |   Comment #23
On a million bucks, every percentage point you squeeze out is 10 grand a year.
If it's necessary to open a new account to get a better rate, I think it's worth it.
Now that rates are falling again, I reviewed all of my CD's terms and rates.
I found one that it was worth the bother to break because of a 1% rate spread.
The difference only amounted to a $500 net gain after the EWP.
Since we can do everything over the web these days, that didn't take much work.
It's the same thing with the add-on CD's I've picked-up over the past year.
Two of them required that I open accounts at new financial institutions.
At the time, rates were going-up. So, I wondered if I was wasting my time.
Now with rates sinking like a rock, I'm certainly glad that I did.
Predatory Depositor
Predatory Depositor   |     |   Comment #11
It's a personal decision. In addition to the monetary rewards of seeking higher yield, I think there is an element of hobby in it for some including me. I'm mostly interested in maximizing yield on the cash portion of my portfolio, but I have to admit some of this stuff is fun and the risks are minimal. And over the last couple of years there's been a great opportunity to do that. I consider the fact that I had multiple accounts and the flexibility they provided to be a big plus.

And I'm set up with a few accounts that will continue to provide me above market yields for some time and some insurance against falling rates. In the last few weeks I pruned some accounts that have not been competitive for a long time so it's not an endlessly growing list of accounts.

The degree of difficulty of managing multiple accounts depends in part on how efficient your system is and how much experience you have doing it. Yes sometimes opening accounts can be a pain, but if it's a good deal with enough profit that becomes quite a painkiller.

And I think your degree of satisfaction also depends on interest rates. Let's face it everybody enjoys the game more when rates are going up then when they're going down. The last few years have been exciting because it was the first time rates went up in almost a decade.

I know people who spend a lot of time on hobbies that don't earn any money. So having having a game that you enjoy that will also yield you a profit is not a bad way to spend your time.
deplorable 1
deplorable 1   |     |   Comment #12
Great comment PD. I probably have too many accounts already as well. I look at making money from banks, bonuses and credit cards as a challenge similar to a chess game. You have to think several moves ahead and watch out for the landmines and pitfalls buried in the fine print and beat them at their own game. To me it's fun to others it is just a headache.
Milty
Milty   |     |   Comment #4
I don't think there are, but will ask. Are there any more Add-On CDs available, similar to GTEF's where you could add on any amount at anytime during the CD's duration? (PSECU's Add-On terms do not work for me.)
alan1
alan1   |     |   Comment #5
Freedom Credit Union (the one in Pennsylvania) permits unlimited add-on deposits during the life of the CD. (Mountain America Credit Union permits limited add-on amounts during the life of the CD.)

I don't think either one has attractive rates at this time.
RichReg
RichReg   |     |   Comment #31
While Freedom CU does permit additional deposits throughout the term on it's regular
CDs, there is no add-on feature for their promo CDs. (ie> their 3.5% 18 month from February)
Tom
Tom   |     |   Comment #7
Blue Credit Union pulled their 100k 7.75% 17 month offer as of 11/05/19
In Your Face
In Your Face   |     |   Comment #13
The best kept secret on DA, this Blue CD, which can now be openly publicized given the offer's recent termination. I established the last of my five CD's with Blue just before it was pulled, and am now sitting pretty with a half million earning this great rate for the next 12-17 months, while so many now seem happy with less than half that yield for a much longer commitment.
deplorable 1
deplorable 1   |     |   Comment #14
It must be a real good secret since it is a typo the rate was only 2.75%.
haha
haha   |     |   Comment #15
Wyoming-based Blue Federal Credit Union (Blue FCU) has a new, limited-time offering: a 17-month Term Share Special, which can earn up to 2.75% APY.
blazer9
blazer9   |     |   Comment #16
HawHawHaw You just did Sondland
Predatory Depositor
Predatory Depositor   |     |   Comment #24
"HawHawHaw You just did Sondland"

:-D HAHAHAHAHA!
Laura Lez
Laura Lez   |     |   Comment #17
DA had the wrong rate. The CORRECT rate was 7.75%
haha
haha   |     |   Comment #19
WAIT...the correct rate was 17.75%
deplorable 1
deplorable 1   |     |   Comment #21
Yeah right if there was a CD rate 7.75% nationally available I think I would have known about it. I also would have posted it here(after getting in before the rush).
Credit union of New Jersey has a 7.5% savings account but it's capped at only $500.
deplorable 1
deplorable 1   |     |   Comment #18
Discover just dropped their savings rate to 1.8%
Milty
Milty   |     |   Comment #20
Just found out that Popular Direct lowered their savings account APY rate to 1.88%
deplorable 1
deplorable 1   |     |   Comment #22
Redneck/AllAmerica will probably end up being the top rate after all this shakes out. Between that and GM right notes no need to rate chase several accounts for higher yields. I just moved my kids savings to DCU 6.17% and MORL 25% dividend yield. I need to grow her a college fund.
Tom
Tom   |     |   Comment #25
SORRY...TYPO RE: BLUE CREDIT UNION. IT SHOULD HAVE BEEN 2.75% NOT 7.75% OOPS!! WAS A GREAT RATE ANYWAY.
#26 - This comment has been removed for violating our comment policy.
#27 - This comment has been removed for violating our comment policy.
Milty
Milty   |     |   Comment #28
MACU's growth certificates can be opened with $5, the 60m earns 2.40% APY, [email protected]%. The add-on entails setting up a monthly autopay of a minimum of $10, but can be increased. The total principal during the duration cannot exceed $100K.
#29 - This comment has been removed for violating our comment policy.

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