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CD Rates Summary - October 19, 2021

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There weren’t many CD rate changes in the last two weeks. No major online bank had any CD rate changes. For the less-well known online banks and easy-membership credit unions, about half of the noteworthy rate changes were rate hikes.

The two most noteworthy of the CD rate changes were rate hikes at the credit unions PenFed and Veridian.

On October 8th, PenFed increased three of its long-term CD rates. Its 7-year CD had the largest rate gain, rising 40 bps to 1.50% APY. The 5-year and 3-year CD rates went up 15 bps to 1.25% APY and 1.00% APY, respectively. According to PenFed, these new rates are limited-time offers. Thus, it’s unlikely that these rate gains are the start of a steady rise of CD rates at PenFed. Nevertheless, CD specials with competitive rates are always a good sign of an institution in need of more deposits.

The other noteworthy rate change was the rate increase of Veridian Credit Union’s 30-month Bump-Up CD Specials. Its Jumbo 30-month CD rate increased 20 bps to 1.00% APY.

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

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

Popular Online Banks:

  • None

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

  • MY Safra Bank (3y 0.30% → 0.61%)
  • United Texas Bank (3y 0.65% → 0.60%, 1y 0.60% → 0.40%)
  • Luana Savings Bank (3y Jbo 0.50% → 0.55%)
  • Industrial Bank (4y 0.35% → 0.20%, 1y 0.10% → 0.03%)

Credit unions that have easy membership requirements:

  • PenFed CU (7y 1.10% → 1.50%, 5y 1.10% → 1.25%, 3y 0.85% → 1.00%)
  • Veridian CU (30m Jbo BU 0.80% → 1.00%)
  • Spectrum CU ($250k+ 5y 0.75% → 0.80%)
  • Spectra CU (5y 0.40% → 0.65%, 1y 0.15% → 0.40%)
  • Evansville Teachers FCU (1y 0.55% → 0.50%, 6m 0.50% → 0.45%)
  • Hope FCU (2y 0.40% → 0.25%, 1y 0.30% → 0.15%)
  • University FCU (5y 0.65% → 0.25%, 1y 0.20% → 0.01%)

Brokered CD Rates

This was another week with no non-callable 10-year brokered CDs at both Fidelity and Vanguard. However, 7-year non-callable CDs were available at both Fidelity and Vanguard. Fidelity had the highest rate at 1.20%. Vanguard’s highest 7-year rate was only 0.95%, the same as two weeks ago.

Long-term brokered CD rates have been disappointing since State Bank of India stopped issuing its 10-year and 7-year non-callable CDs. In July, State Bank of India had issued a 1.35% 7-year CD and a 1.80% 10-year CD. These had been issued at both Fidelity and Vanguard. Rates from other issuers for these terms have been much lower.

For non-callable CDs with terms from 18 months to 5 years, the top 2-year and 3-year CD rates went up from two weeks ago at both Fidelity and Vanguard. Most noteworthy were the top 3-year CDs at Fidelity and Vanguard. Both were offering the 3-year CD issued by State Bank of India with a 0.80% rate. Two weeks ago, the top rate was only 0.65% at both Fidelity and Vanguard. The top 4-year and 5-year CD rates went down at Fidelity from two weeks ago, and now they now match the top rates at Vanguard, 0.75% for 4 years and 1.00% for 5 years. The top 18-month CD rate remained unchanged at both Fidelity and Vanguard (0.25%).

For short-term CDs with maturity lengths of one year and under, rate changes were mixed. The rates remain quite low with top rates ranging from 0.05% to 0.20%. The 0.20% rate was listed at Vanguard. It was issued by State Bank of India. At Fidelity, the top 1-year rate was 0.15%. State Bank of India, along with five other banks issued 1-year CDs with this rate.

The most noteworthy callable CD today was a 20-year CD with a 2.00% rate that was issued by Goldman Sachs Bank USA that was listed at Vanguard.

The callable feature gives the bank the right to redeem a CD early. That can save the bank money when interest rates fall. However, the CD holder loses out if rates fall and the CD is called early. When banks offer more callable long-term CDs, it’s a sign that they think rates are heading down. When the number of callable long-term CDs decline, banks may think rates have reached a bottom and will eventually be rising.

Brokered CD rates often follow Treasury yields. Direct CD rates will often follow brokered CD rates with some lag.

Falling brokered CD rates was a trend that began in November 2018 when the top 5-year rates reached as high as 3.60%. However, that trend may be over. In 2021, long-term brokered CD rates have generally been on the rise.

Direct CD Rates and Deals

Advancial’s Jumbo Certificates remain rate leaders for terms of under one year to five years. The October Jumbo CD yields range from 0.91% for a 6-month term to 2.02% for a 5-year term. Advancial used to be an “easy membership requirement” credit union in which you could qualify for membership by joining the Connex association. That has ended. However, there may be another association that can be joined to gain Advancial membership. According to a CSR, being a member of the United States Dog Agility "technically" qualifies for Advancial membership. If this works, it may not last long. Advancial has a history of changing its mind on associations. Also, Advancial has a history of not being welcoming to new members who are interested in their CDs as opposed to their loans.

For CDs that are nationally available (without any membership limitations), the highest yield is now 1.50%. This is available at PenFed on a 7-year CD.

For CDs with maturity lengths of 5 years and under, the highest yield continues to be 1.35%, which is now offered by two credit unions. Abound is offering this yield on a 47-month CD Special and a 59-month CD. NASA FCU has a 49-month CD Special with this yield.

For banks, the top nationally-available 5-year CD rate continues to be 1.20% APY at First National Bank of America.

For the 3-year category, Hughes Federal Credit Union continues to have the top spot with a 1.21% APY on its 3-year Jumbo CD ($99k minimum). It has a 1.11% APY for a $1k minimum deposit.

Quontic Bank remains the 3-year rate leader for banks with a 1.00% APY.

For the 2-year category, Hughes Federal Credit Union’s 29-month CD continues to hold the top spot with a 1.11% APY ($99k minimum).

For the 18-month category, SkyOne Federal Credit Union’s 18-month Fall CD Special (1.00% APY) has the highest rate for the smallest minimum deposit ($1k). Consumers Credit Union continues to have a 20-month CD Special with a yield of up to 1.00%. This requires a very large $250k minimum deposit. For a $100k minimum, the rate drops to 0.90%, and for a $250 minimum, the rate drops to 0.80%. I have more details in this blog post.

For 1-year terms, Lafayette Federal Credit Union’s 1-year CD (0.80%) continues to be the rate leader for the 1-year category.

Live Oak Bank continues to be on top with the highest 1-year CD rate from a bank (0.75%).

For terms under one year, Cooperative Teachers Credit Union in Texas continues to be way ahead of all others with a 1.55% APY 3-month CD Special. It should be noted that this is a small credit union, and even though there’s an association that anyone can join to qualify for credit union membership, there’s no guarantee that this credit union will be welcoming to out-of-state applicants. Please refer to my review of this credit union and CD Special for more details.

The second highest short-term CD rate continues to be at Veridian Credit Union. Its 9-month Jumbo CD still has a 0.85% APY. A bank continues to hold third place. Luana Savings Bank’s Jumbo 6-month CD Special has a 0.75% APY.

New Category - Nationally Available Add-On CDs

In August, a new category for nationally available add-on CDs was added near the bottom of the tables. These are CDs in which you can make one or more additional deposits during the term.

The best deal continues to be the 42-month promotional add-on CD at Achieva Credit Union. For a minimum deposit of $500, the rate is 0.95%. The rate is 1.05% for a $75k minimum deposit. The CD allows unlimited additional deposits throughout the term, with maximum total add-on deposits limited to $1 million.

The best add-on CDs have long terms, small minimum deposits, no maximum initial deposits and allow add-on deposits with no limits on the number of deposits or the size of deposits. These types of add-on CDs can be a great hedge against a long low-rate environment in which rates stay low or fall even lower. Deposit the minimum, and use the add-on CD as a back-up CD when your other CDs mature. If you can’t find a higher rate when the CD matures, you can always deposit into the add-on CD.

Note, add-on CDs do have a risk that the institution could refuse to allow add-on deposits or may limit the amount of add-on deposits in contradiction to the original CD disclosure. A few credit unions in the past have failed to honor their add-on terms. I described one example in this 2014 blog post.

Savings and Money Market Accounts

Only two institutions continue to offer liquid accounts with yields of at least 1.00% without any small maximum balance, activity/checking requirements or unusual withdrawal limitations. There was a short period when a new online bank (ZYNLO Bank) was offering 1.25% APY on a new online money market account. The promo ended in March, and now only the standard rate is available (0.80% APY).

The first is the fintech M1 Finance. This is a brokerage firm and robo-advisor which also offers a checking account called M1 Spend. M1 Finance has partnered with Lincoln Savings Bank which holds the deposits and allows deposits to be FDIC insured. The Spend account has two options: basic and plus. The basic account offers no interest. The plus account offers 1% APY on all balances. The downside with M1 Plus is a $125-per-year maintenance fee that can’t be waived (they’re now waiving this fee for the first year.)

The second one is the fintech T-Mobile Money. It has partnered with a bank (Customers Bank) to hold the deposits in an FDIC-insured account. Its checking account offers 1.00% APY on all balances without any activity requirements.

Advancial Credit Union used to be in this group with its Premium Money Market account that had a 1.01% APY for a $100k minimum balance. This rate fell to 0.81% in October.

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

Federal Reserve and Interest Rate Summary

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

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

Yields Accurate as of October 19, 2021

Under 1-Year CD Rates

InstitutionRatesNotes
Cooperative Teachers Credit Union1.55% ($1k) 3-month CD Special Easy membership See review
Advancial0.91% ($50k) 6-month Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past
Veridian Credit Union0.85% ($100k), 0.75% ($1k) 9-month Jumbo CD SpecialEasy membership See review
Luana Savings Bank0.75% ($100k), 0.65% ($50k) 6-month Certificate Special Account review
LaFayette Federal Credit Union0.70% ($500) 7-month Fixed CDEasy membership Account review
CommunityWide Federal Credit Union0.70% ($1k) 6-month Share CertificateEasy membership Account review
CFG Bank0.62% ($500) 13-month Penalty Free CDAccount review
NASA Federal Credit Union0.60% ($10k) 9-month Share Certificate SpecialEasy membership Account review
Hughes Federal Credit Union0.60% ($99k) 6-month Jumbo CD Easy membership See review
Quontic Bank0.55% ($500) 6-month CDAccount review
USALLIANCE Financial0.55% ($500) 11-month No-Penalty CD Easy membership Account review
Marcus by Goldman Sachs0.55% ($500) 8-month No-Penalty CD Available to active AAPR members only Account review
BankDirect0.50% ($10k) 6-month CD Account review
Ally Bank0.50% ($25k) 11-month No-Penalty CD Account review
Marcus by Goldman Sachs0.45% ($500) 7-month No-Penalty CD Account review
Marcus by Goldman Sachs0.35% ($500) 11-month No-Penalty CD Account review
Fidelity Brokered CD0.10% (APR) 9-month non-callable CDIssued by 4thCAP, BoC, HGIS*
The Vanguard Group Brokered CD0.10% (APR) 7-9 month non-callable CDIssued by BoC*
Fidelity Brokered CD0.10% (APR) 6-month non-callable CDIssued by BoC, GSB*
The Vanguard Group Brokered CD0.10% (APR) 4-6 month non-callable CDIssued by BoC, GSB*
Fidelity Brokered CD0.05% (APR) 3-month non-callable CDIssued by GSB, NOPB*
The Vanguard Group Brokered CD0.05% (APR) 1-3 month non-callable CDIssued by BNYML, GSB, NOPB*

Noteworthy Local Deals - Under 1-Year CDs

OU Federal Credit Union1.51% ($1k) 6-month Share Certificate Faculty, staff, students of Oklahoma University; members of Oklahoma University Alumni Association
Ukrainian Selfreliance Federal Credit Union1.10% ($75k), 1.01% ($500) 8-month CDRelationship w/Ukrainian churches and cultural organizations in Philadelphia area See review
EFCU Financial0.85% ($100k) 6-month Jumbo CD9 Louisiana parishes See review
Security First Credit Union0.80% ($100k), 0.75% ($50k), 0.70% ($25k), 0.60% ($500) 6-month CD Rio Grande Valley, Texas See review
Mobility Credit Union0.75% ($500) 9-month CD Easy membership in Texas See review

1-Year CD Rates

Advancial0.97% ($50k) 1-year Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Lafayette Federal Credit Union0.80% ($500) 1-year Fixed CDEasy membership Account review
USALLIANCE Financial0.75% ($500) 12-month Certificate Special Easy membership Account review
CommunityWide Federal Credit Union0.75% ($1k) 12-month Share CertificateEasy membership Account review
Live Oak Bank0.75% ($2.5k) 1-year CD Account review
Hughes Federal Credit Union0.75% ($99k) 12-month Jumbo CD Easy membership See review
Interior Federal Credit Union0.71% ($500) 12-month Share Certificate Easy membership See review
CFG Bank0.67% ($500) 12-month CDAccount review
Comenity Direct0.65% ($1.5k) 1-year CD Account review
Merrick Bank0.65% ($25k) 12-month CDAccount review
SBT (State Bank of Texas)0.65% (100k), 0.55% ($25k) 12-month CDAccount review
Fidelity Brokered CD0.15% (APR) 1-year non-callable CDIssued by BoC, BHAP, GSB, SAFB, SBoI, SYN*
The Vanguard Group Brokered CD0.20% (APR) 1-year non-callable CDIssued by SBoI*

Noteworthy Local Deals - 1-Year CDs

Schools Federal Credit Union2.50% APY ($5k min/$50k max; additional deposits throughout term up to $50k max) Special 12-month Relationship CD Employees and students of Los Angeles Unified School District and Los Angeles Community College District
Ukrainian Selfreliance Federal Credit Union1.11% ($75k), 1.01% ($500) 13-month CD Relationship w/Ukrainian churches and cultural organizations in Philadelphia area See review
Navy Army Community Credit Union1.10% ($100k) 1-year Jumbo CD8 Texas counties See review
Red River Credit Union1.06% ($500) 12-month CD (**NTS)13 TX, 12 AR, 5 MS counties and 2 LA parishes See review
Keesler Federal Credit Union1.05% ($25) 1-year FirstStep CDEasy membership in AL, LA, and MS See review
CoastLife Credit Union1.02% ($1k) 12-month CD6 Texas counties See review

18-month CD Rates

Advancial1.12% ($50k) 18-month Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
SkyOne Federal Credit Union1.00% ($1k) 18-month Fall CD Special Easy membership Account review
Christian Community Credit Union1.00% ($500 min/10k max) 18-month New Member Welcome Certificate Easy membership w/religious affiliation Account review
Consumers Credit Union (IL)1.00% ($250k) 20-month Super Jumbo CDEasy membership See review
Veridian Credit Union0.90% ($100k), 0.80% ($1k) 18-month Jumbo CD Special Easy membership See review
USALLIANCE Financial0.85% ($500) 18-month Certificate Special Easy membership Account review
Live Oak Bank0.75% ($2.5k) 18-month CDAccount review
NexBank0.75% ($10k) 18-month CDAccount review
Interior Federal Credit Union0.71% ($500) 20-month Bump Up Share Certificate Easy membership See review
CFG Bank0.70% ($500) 18-month CD Account review
Hanscom Federal Credit Union0.70% ($1k) 19-month CD SpecialEasy membership Account review
First Internet Bank0.65% ($1k) 18-month CD Account review
Sallie Mae Bank0.65% (2.5k) 18-month CD Account review
The Vanguard Group Brokered CD0.25% (APR) 13-18 month non-callable CDIssued by GSB*
Fidelity Brokered CD0.25% (APR) 18-month non-callable CDIssued by GSB*

Noteworthy Local Deals - 18-Month CDs

Achieva Credit Union1.50% ($50 min/$5k max) 15-month Promotional CDAvailable only in Florida See review
TEXAR Federal Credit Union1.25% ($1k) 18-month Share Certificate 4 Texas and 2 Arkansas counties See review
Gulf Coast Federal Credit Union1.16% ($500) 18-month Share Certificate3 Texas counties
Red River Credit Union1.06% ($500) 18-month CD (**NTS)13 TX, 12 AR, 5 MS counties and 2 LA parishes See review
First United Credit Union1.05% ($500) 18-month Certificate Special Easy membership in Michigan See review

2-Year CD Rates

Advancial1.26% ($50k) 2-year Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Hughes Federal Credit Union1.11% ($99k) 29-month Jumbo CD Easy membership See review
Abound Credit Union1.00% ($500) 23-month CD Special Easy membership (formerly Fort Knox Federal Credit Union) Account review
Langley Federal Credit Union 1.00% ($1k/$25k) 21 Month Promo Certificate Easy membership, but CD is only available to current members and new members in DC, MD, NC, and VA See review
Lafayette Federal Credit Union0.90% ($500) 2-year Fixed CD Easy membership Account review
Barksdale Federal Credit Union0.90% ($1k) 24-month Certificate Military relationship See review
Abound Credit Union0.85% ($500) 24-month CD Easy membership (formerly Fort Knox Federal Credit Union) Account review
Merrick Bank0.80% ($25k) 24-month CD Account review
Quontic Bank0.75% ($500) 2-year CDAccount review
First National Bank of America0.75% ($1k) 24-35 month CD Account review
Live Oak Bank0.75% ($2.5k) 2-year CD Account review
NexBank0.75% ($10k) 24-month CDAccount review
The Vanguard Group Brokered CD0.50% (APR) 2-year non-callable CDIssued by SBoI*
Fidelity Brokered CD0.45% (APR) 2-year non-callable CDIssued by SBoI, SYN*

Noteworthy Local Deals - 2-Year CDs

La Joya Area Credit Union1.26% ($1k) 24-month CDHildago County, Texas
First United Credit Union1.25% ($500) 24-month Certificate Special Easy membership in Michigan See review
Chicago Municipal Employees Credit Union1.25% ($25k), 0.75% ($10k), 0.65% ($1k) 24-month Share CertificateCity of Chicago employees; portions of Cook County
Gulf Coast Federal Credit Union1.21% ($500) 24-month Share Certificate3 Texas counties
CoastLife Credit Union1.16% ($1k) 24-month CD6 Texas counties See review
Navy Army Community Credit Union1.15% ($100k) 2-year Jumbo CD 8 Texas counties See review

3-Year CD Rates

Advancial1.54% ($50k) 3-year Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Hughes Federal Credit Union1.21% ($99k) 36-month Jumbo CD Easy membership See review
Barksdale Federal Credit Union1.10% ($1k) 36-month Certificate Military relationship See review
Lafayette Federal Credit Union1.01% ($500) 3-year Fixed CD Easy membership Account review
Interior Federal Credit Union1.01% ($100k) 36-month Jumbo Share Certificate Easy membership See review
Veridian Credit Union1.00% ($100k), 0.90% ($1k) 30-month Jumbo Bump-Up CD Special (**NTS)Easy membership See review
Quontic Bank1.00% ($500) 3-year CDAccount review
Quorum Federal Credit Union1.00% ($1k) 30-month Term Savings Account Easy membership Account review
First National Bank of America0.90% ($1k) 36-47 month CD Account review
Bank5 Connect0.85% ($500) 36-month CD Account review
CFG Bank0.85% ($500) 36-month CD Account review
Comenity Direct0.80% ($1.5k) 3-year CD Account review
The Vanguard Group Brokered CD0.80% (APR) 3-year non-callable CDIssued by SBoI*
Fidelity Brokered CD0.80% (APR) 3-year non-callable CDIssued by SBoI*

Noteworthy Local Deals - 3-Year CDs

Energy Capital Credit Union1.51% ($1k) 36-month CD Houston, Texas area See review
La Joya Area Credit Union1.46% ($1k) 36-month CDHildago County, Texas
Chicago Municipal Employees Credit Union1.45% ($25k), 0.85% ($10k), 0.75% ($1k) 36-month Share CertificateCity of Chicago employees; portions of Cook County
TDECU1.40% ($100k) 36-month Jumbo CD 30 Texas Counties See review
Complex Community Credit Union1.38% ($500) 36-month CD Midland and Odessa, Texas See review

4-Year CD Rates

Advancial1.75% ($50k) 4-year Jumbo Certificate Possible easy membership - membership and CD eligibility have been restricted in the past See review
Abound Credit Union1.35% ($500) 47-month CD SpecialEasy membership (formerly Fort Knox Federal Credit Union) Account review
NASA Federal Credit Union1.35% ($10k) 49-month Share Certificate Special Easy membership Account review
Interior Federal Credit Union1.22% ($100k) 48-month Jumbo Share Certificate Easy membership See review
Barksdale Federal Credit Union1.20% ($1k) 48-month CertificateMilitary relationship See review
Lafayette Federal Credit Union1.16% ($500) 4-year Fixed CDEasy membership Account review
First National Bank of America0.95% ($1k) 48-59 month CD Account review
State Bank of India0.95% ($25k) 4-year Senior Citizen CD Account review
First Internet Bank0.85% ($1k) 48-month CD Account review
Comenity Direct0.80% ($1.5k) 4-year CD Account review
TIAA Bank0.75% ($1k) 48-month CD Account review
The Vanguard Group Brokered CD0.75% (APR) 4-year non-callable CDIssued by GSB*
Fidelity Brokered CD0.75% (APR) 4-year non-callable CDIssued by GSB*

Noteworthy Local Deals - 4-Year CDs

Chicago Municipal Employees Credit Union1.65% ($25k), 0.90% ($10k), 0.80% ($1k) 48-month Share CertificateCity of Chicago employees; portions of Cook County
La Joya Area Credit Union1.61% ($1k) 48-month CDHildago County, Texas
TFCU1.61% ($50k) 48-month Jumbo Share CertificateEl Paso County, Texas See review
Schools Federal Credit Union1.51% ($90k), 1.24% ($50k), 1.11% ($500) 48-59 month CD Employees and students of Los Angeles Unified School District and Los Angeles Community College District
Security First Credit Union1.46% ($100k) 48-month CDRio Grande Valley See review

5-Year CD Rates

Advancial2.02% ($50k) 5-year Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Barksdale Federal Credit Union1.45% ($1k) 60-month CertificateMilitary relationship See review
Abound Credit Union1.35% ($500) 59-month CDEasy membership (formerly Fort Knox Federal Credit Union) Account review
Interior Federal Credit Union1.27% ($100k) 60-month Jumbo Share Certificate Easy membership See review
Lafayette Federal Credit Union1.26% ($500) 5-year Fixed CDEasy membership Account review
Affinity Plus Federal Credit Union1.25% ($500) 60-month CDEasy membership Account review
PenFed Credit Union1.25% ($1k) 5-year Money Market Certificate (**NTS) Easy membership See review
First National Bank of America1.20% ($1k) 60-month CD
Quontic Bank1.11% ($500) 5-year CD Account review
State Bank of India (IL)1.11% ($2.5k) 5-year Senior Citizens CD Account review
Third Federal Savings and Loan1.00% ($500) 55-month CD SpecialAccount review
Ivy Bank1.00% ($1k) 5-year CDOnline division of Cambridge Savings Bank Account review
Fidelity Brokered CD1.00% (APR) 5-year non-callable CDIssued by GSB, SYN*
The Vanguard Group Brokered CD1.00% (APR) 5-year non-callable CDIssued by GSB, SYN*

Noteworthy Local Deals - 5-Year CDs

Complex Community Credit Union2.10% ($500) 60-month CD Midland and Odessa, Texas See review
TFCU1.87% ($50k) 60-month Jumbo Share Certificate El Paso County, Texas See review
La Joya Area Credit Union1.81% ($1k) 60-month CDHildago County, Texas
Energy Capital Credit Union1.76% ($1k) 60-month CD Houston, Texas area See review
Luso-American Credit Union1.61% ($500) 5-year CD Essex County, Massachusetts See review
Keesler Federal Credit Union1.55% ($100k) 5-year Jumbo CD Easy membership in AL, LA, and MS See review

Over 5-Year CD Rates

PenFed Credit Union1.50% ($1k) 7-year Money Market Certificate Easy membership See review
First National Bank of America1.30% ($1k) 84-month Time CD
SRP Federal Credit Union1.26% ($5k) 7-year Flex CDEasy membership See review
Fidelity Brokered CD1.20% (APR) 7-year non-callable CDIssued by MLGB*
Evansville Teachers Federal Credit Union1.15% ($1k) 6-year CDEasy membership See review
Northrop Grumman Federal Credit Union1.12% ($40k) 84-month Bonus Term CDEasy membership See review
Luana Savings Bank1.00% ($100k), 0.95% ($50k) 6-year CD Account review
The Vanguard Group Brokered CD0.95% (APR) 7-year non-callable CDIssued by LUASB*
AFFCU0.90% ($2.5k) 84-month Share CertificateEasy membership See review
Marcus by Goldman Sachs0.80% ($500) High-Yield 6 Year CD Account review
Discover Bank0.80% ($2.5k) 10-year CD Account review
Third Federal Savings and Loan0.70% ($500) 72-month CD Account review

Noteworthy Local Deals - Over 5-year CDs

State Nebraska Bank & Trust1.75% ($25k) 10-year Bank 4Ward CD SpecialEastern Nebraska
Security First Credit Union1.56% ($100k), 1.46% ($50k), 1.41% ($25k), 1.36% ($1k) 84-month CD Rio Grande Valley, Texas See review
Monroe Savings Bank1.51% ($1k) 10-year CDSouth New Jersey
Financial Center First Credit Union1.50% ($500) 84-month Share Certificate Special 15 Indiana counties See review
Founders Federal Credit Union1.41% ($500) 84-month Share Certificate 4 South Dakota counties See review

*4thCAP (Fourth Capital TN), BHAP (Bank Hapoalim), BNYML (BNY Mellon), BoC (Bank of China), GSB (Goldman Sachs Bank), HGIS (Hingham Institution for Savings), LUASB (Luana Savings Bank), MLGB (Malaga Bank FSB), NOPB (Northpointe Bank), SAFB (Safra Bank), SBoI (State Bank of India), SYN (Synchrony Bank)

**New To Summary, as of October 19, 2021

Nationally Available Add-On CD Rates

InstitutionRatesNotes
Navy Federal Credit Union3.00% ($50 min/$3k max) 12-month Special Easy Start CDUnlimited deposits throughout term, checking relationship, direct deposit Account review
Achieva Credit Union1.05% ($75k), 0.95 ($500) 42-month Promotional CD (unlimited add-ons) Easy membership See review
Heartland Credit Union (KS)0.90% ($100k), 0.85% ($25k), 0.80% ($500 min) 30-Month Add-On CDUnlimited deposits ($500 min) throughout term Account review
Vibrant Credit Union0.80% ($100 min) 5-Year Add-On CDUnlimited deposits throughout term Account review
Mountain America Credit Union0.70% ($5 min/$100k max) 60-month Growth CDUnlimited deposits throughout term, min $10 automatic monthly deposit See review
Blue Federal Credit Union0.60% ($100k), 0.55% ($50k), 0.50% ($2k) 30-month Expandable CDUnlimited deposits throughout term Account review
Mountain America Credit Union0.60% ($5 min/$100k max) 48-month Growth CDUnlimited deposits throughout term, min $10 automatic monthly deposit See review
Blue Federal Credit Union0.60% ($100k), 0.55% ($50k), 0.50% ($2k) 30-month Expandable CDUnlimited deposits throughout term Account review
Rising Bank0.55% ($25k min) 36-month Rising CDTwo additional deposits during term Account review
Evansville Teachers Federal Credit Union0.50% ($25) 1-year Save to Win CertificateUnlimited deposits throughout term See review
Bank5 Connect0.50% ($500 min) 24-month Investment CDUnlimited deposits throughout term Account review
Pen Air Federal Credit Union0.50% ($500 min) 15-month Add-On CDUnlimited deposits throughout term Account review
Navy Federal Credit Union0.50% ($100 min) 12-month Easy Start CDUnlimited deposits throughout term Account review
Rising Bank0.45% ($5k min) 18-month Rising CDOne additional deposit during term Account review

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available

Connex Credit Union1.35% ($500) 15-month CD Special (**NTS)4 Connecticut counties See review

CDs Removed, Rate Too Low

Gulf Coast Federal Credit Union1.00% ($500) 12-month Share Certificate 3 Texas counties
Security First Credit Union1.06% ($100k), 1.01% ($50k) 18-month CD Rio Grande Valley, Texas See review
Chicago Municipal Employees Credit Union1.05% ($25k), 0.65% ($10k), 0.55% ($1k) 18-month Share CertificateCity of Chicago employees; portions of Cook County
Evansville Teachers Federal Credit Union0.95% ($1k) 3-year CD Easy membership Account review
CoastLife Credit Union1.26% ($1k) 36-month CD6 Texas counties See review
The Pioneer Savings Bank1.25% ($500) 3-year CD Cleveland metro area See review
Teachers Federal Credit Union1.25% ($1k) 60-month CDEasy membership Account review

Post Publication Edits

10/21/2021: Connex Credit Union 1.35% ($500) 15-month CD Special has been withdrawn.

Related Pages: 1-year CD rates, 5-year CD rates, nationwide deals, Internet banks
Comments
Choice
  |     |   Comment #1
Still see higher rates by particular FIs being deleted b/c of so-called “rate too low,” (yet, sorry to say, “that is not true”) what is the real reason and why not so state?…. Finally add-on CDs are nice but coupled with the EWP is better!  Nothing new in this regard…enjoy!
enelrad1123
  |     |   Comment #2
I posted Metro Phoenix Bank's 5 yr CD paying 1.51% in the comments on the October 5th CD rates summary. They are still offering this rate according to the information page on this site and they are still not being mentioned in this current CD rates summary.. Thanks to fellow DA poster, ejappel, for alerting us to this offer. The original post is below:

Favorable 5-Year CD Rate
ejappel | Aug 26, 2021
Metro Phoenix Bank in Phoenix AZ is currently offering a 5 year CD with a 1.51% APY. Although they don't have an online application, it is still possible for non-AZ residents to open an account. The process is a bit involved but not difficult. Call and ask them for an Account Request Form. Fill it out and send it back with copies of your ID. You will want to talk with them about how to fill out the request form, as it is designed primarily for business accounts and doesn't list CD as one of the available account types; however, this didn't prove to be a problem. if you wish, they can also send you an ACH authorization form in order to fund the CD
davidinNY
  |     |   Comment #3
This is a GREAT website to use as a starting point and even a mid point. With that said, thee are so many banks and credit unions that not all of them are an easy find. When I find something, I like to share it!

Moreover, I would not be in as good shape as I am in, had it not been for Ken and his insights!

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