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CD Rates Summary September 12, 2017

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CD Rates Summary September 12, 2017

The odds of a December Fed rate hike went up a little from last week. Some of that increase may be attributable to speeches by Fed officials. Cleveland Fed President Loretta Mester and New York Fed President William Dudley. Economist Tim Duy interpreted Mester’s view about rate hikes in his Fed Watch blog:

Mester's commitment to the faith on the inflation forecast means that as of now, she is probably sticking with the current rate path, including a December hike.

Duy summed up the speech by Dudley, who is influential at the Fed, by saying:

Fundamentally, Dudley wants to keep hiking as long as financial conditions keep easing.

Duy then summed up both speeches as support for a December rate hike:

Bottom Line: Hawks are still pushing for additional rate hikes, holding to the story that low inflation is all about transitory factors. This I think remains the dominant position on the FOMC.

We’ll know more about current state of inflation in the next few days. The Bureau of Labor Statistics is scheduled to release the Producer Price Index (PPI) for August on Wednesday and the Consumer Price Index (CPI) for August on Thursday. The consensus is an increase for both PPI and CPI. If these inflation indexes match or exceed the consensus numbers, the odds of a December rate hike should improve.

Another thing that may help us get more Fed rate hikes next year are additional inflation hawks at the Fed. With the resignation of Fed Vice Chairman Stanley Fischer (which is effective on October 13, 2017), President Trump will have four Board of Governor positions at the Fed to fill. In addition, he may decide to replace Janet Yellen as Fed Chair when her term expires in February. So far, President Trump has nominated only one person for a board member. That one Fed nomination is Randal Quarles, who was recently approved by the Senate Banking Committee last week.

The odds of a December Fed rate hike as indicated by the Fed funds futures went up a little this week. The odds of at least one more rate hike this year increased from 36.9% to 41.9%.

Most Treasury yields went up from last week. The primary exception is the 1-month T-Bill. Its yield shot up last Tuesday, but this didn’t last. The yield went back down to a value that was close to what it was before. The largest increase in yield was on the 5-year and 10-year Treasury notes. Both increased 10 bps from last week.

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

Treasury Yields:

  • 1-month: 0.99% down from 1.30% last week (0.52% on Jan 3)
  • 6-month: 1.16% up from 1.13% last week (0.65% on Jan 3)
  • 2--year: 1.33% up from 1.30% last week (1.22% on Jan 3)
  • 5--year: 1.75% up from 1.65% last week (1.94% on Jan 3)
  • 10-year: 2.17% up from 2.07% last week (2.45% on Jan 3)
  • 30-year: 2.78% up from 2.69% last week (3.04% on Jan 3)

Fed funds futures' probabilities of future rate hikes by:

  • Sep 2017 - up by at least 25bps: 0% same as last week
  • Dec 2017 - up by at least 25bps: 41.9% up from 36.9% last week
  • Dec 2017 - up by at least 50bps: 0.8% up from 0.7% last week
  • Dec 2017 - down by 25bps: 0.8% down from 0.9% last week
  • Jun 2018 - up by at least 25bps: 59.9% up from 50.7% last week

Certificate of Deposit Rates

Several banks and credit unions came out with higher CD rates in September. That’s a positive sign considering the uncertainty over the December Fed rate hike.

Popular Direct increased its 2-year CD rate (1.85% APY) and 5-year CD rate (2.45% APY) to be at or near the top spots for banks.

GS Bank’s recent 5-year CD rate increase puts its 5-year CD rate (2.40% APY) just behind Popular Direct’s.

Credit unions continue to offer better CD deals. Several credit unions came out with new CD specials in September

Veridian Credit Union’s new CD specials include a 25-month CD (2.02% APY for $100k minimum) and a 39-month CD (2.17% APY for $100k).

USALLIANCE Financial ended its special Cooperative Rewards CDs in September, but it came out with higher rates on its longer-term CDs. It now holds the top spot or a 3-year term (2.17% APY, 36-month), and its 25-month CD rate (2.00% APY 25-month) is near the top for 2-year terms. Please see this blog post for a review of USALLIANCE and these CDs.

United States Senate Federal Credit Union increased its 5-year CD rates. Its Jumbo 5-year rate (2.55% APY for $60k minimum) is now just below the nationally-available rate leader, Mountain America Credit Union (2.60% APY for $500 minimum).

AgFed Credit Union came out with another one of its special no-penalty CDs. This new one has a 30-month term with a 1.85% APY. One withdrawal may be made during the original term of the CD with no penalty. Due to the no-penalty feature, this CD can be made into any term, from 7 days to 30 months. Thus, I’ve included it in the tables below for all terms of 3-years and under. The 1.85% APY makes it a great deal for terms under 18 months.

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. 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 September 12, 2017

Under 1-Year CD Rates

InstitutionRatesNotes
Navy Federal Credit Union3.00% ($10k max) 5-month Certificate SpecialMilitary relationship Account review
AgFed Credit Union1.85% ($1k) 30-month No Penalty CD One withdrawal may be made during the original term with no penalty
Advancial1.63% ($50k) 6-month Jumbo CertificateEasy membership Account review
Veridian Credit Union1.61% 9-month Jumbo CD ($100k)Easy membership Account review
Crestmark Bank1.55% ($100k), 1.30% ($25k) 9-month CDAccount review
Veridian Credit Union1.51% 9-month CD SpecialEasy membership Account review
Ally Bank1.50% ($25k), 1.25% ($5k) 11-month No Penalty CD Internet bank See review
Crestmark Bank1.50% ($100k), 1.25% ($25k) 6-month CDAccount review
The Vanguard Group Brokered CD1.40% 9-month non-callable CDIssued by BoC*
Fidelity Brokered CD1.40% 9-month non-callable CDIssued by BotW*
First Internet Bank1.32% 6-month CDEasy membership See review
EverBank1.31% (1yr intro rate, up to $250k) 0.86% ongoing rateMMA - Account review
The Vanguard Group Brokered CD1.30% 6-month non-callable CDIssued by BoC, SMB*
Fidelity Brokered CD1.30% 6-month non-callable CDIssued by BoC, SMB*
The Palladian PrivateBank1.30% Savings Account promo 6-month rate ($10K min/$500K max)See 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
EverBank1.21% (1yr intro rate, up to $250k) 0.71% ongoing rateChecking - Account review

Noteworthy Local Deals - Under 1-Year CDs

Citizens Community Credit Union1.55% 280 to 912 Days Lifestyle CDNE North Dakota See review
Maine Highlands Credit Union1.51% 6-month IRA CertificatePiscataquis County and 12 central Maine communities See review
Blue Gate Bank1.51% ($25k) MMA (rate guarantee through 1/31/2018Southern California See review
United Bank1.36% Online Advantage MMA (6-month rate guarantee)25 states See review
Wright-Patt Credit Union1.32%($100k) 6-22 month Share Certificate 10 Ohio counties See review
Triangle Credit Union1.30% 9-month CD Special5 NH and 4 MA counties See review
EastBank1.25% 7-month Special CDNYC See review
Providence Bank1.25% 9-month CD SpecialMissouri and southwest Illinois See review
Synergy Bank, SSB1.20% 10-month CD Special ($10kDallas/Fort Worth area

1-Year CD Rates

AgFed Credit Union1.85% ($1k) 30-month No Penalty CD One withdrawal may be made during the original term with no penalty
Advancial1.78% ($50k) 1-year Jumbo CertificateEasy membership Account review
Crestmark Bank1.70%($100k), 1.45 ($25k) 12-month CDAccount review
Pacific National Bank1.60% 12-month CD See review
TIAA Direct1.60% 12-month CDInternet bank See review
EverBank1.60% 1-year Yield Pledge CD Internet bank See review
Popular Direct1.60% ($10k) 1-year Popular Direct CDInternet bank See review
First Internet Bank1.57% 12-month CDInternet bank See review
Air Force Federal Credit Union1.56% 1-year Share CertificateEasy membership Account review
VirtualBank1.56% ($10k)12-month eCDInternet bank See review
KS StateBank1.55% ($100k) 1-year Jumbo CD Internet Only Special See review
State Bank of Texas1.55% ($100k) 1.45% ($25k) 12-month CD See review
My e-BAnC by BAC Florida Bank1.55% ($100k) 12-month Jumbo Time Deposit See review
Amboy Direct1.51% ($10k min/$250k max) 12-month eSavings CD See review
Northwest Federal Credit Union1.51% ($250k), 1.41% ($100k) 1-year CDEasy membership See review
Service Credit Union1.50% 11-month Certificate Special Limited membership See review
SallieMae Bank1.50% 12-month CDAccount review
BankDirect1.50% ($10k) 12-month CDAccount review
Ally Bank1.50% ($25k), 1.25% ($5k) 11-month No Penalty CD Internet bank See review
The Vanguard Group Brokered CD1.50% 1-year non-callable CDIssued by BoC*
Fidelity Brokered CD1.50% 1-year non-callable CDIssued by BoC*

Noteworthy Local Deals - 1-Year CDs

Red Rocks Credit Union2.00% ($100k), 1.75% ($50k), 1.50% ($10k) 12-month Share Certificate Colorado See review
First National Bank1.75% ($10k) 13-month CD Special w/checking MD, NC, OH, PA, SC, and WV See review
Island Federal Credit Union1.75% 11-month Certificate Special Long Island, NY See review
First Bank & Trust1.73% ($100k) 14-month Jumbo CD SpecialChicago See review
Mutual Federal Bank1.71% 11-month Certificate Special Chicago metro area See review
Texas Exchange Bank1.61% ($10k) 12-month New Money CD Texas See review
Mercantil Commercebank1.61% 12-month Online Smart CDFlorida and Texas See review
P1FCU1.61% 12-month Share Certificate Special11 Idaho and 2 Washington counties
Bankers Trust Company1.60% (base rate) 10-month Promotional CDCedar Rapids/Des Moines, IA and Phoenix, AZ See review
Frankenmuth Credit Union1.60% 13-month CD SpecialMichigan See review
Northfield Bank1.60% 14-month CDNorthern New Jersey and NYC See review
Member One Federal Credit Union1.60% ($25k) 14-month CDSouthwest Virginia See review
IC Federal Credit Union1.59% 1-year Relationship CD Special6 Massachusetts counties See review
Pioneer Federal Credit Union1.55% 13-month CD Special13 SW Idaho 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

18-month CD Rates

Veridian Credit Union1.91% 15-month Jumbo CD ($100k)Easy membership See review
Advancial1.89% ($50k) 18-month Jumbo CertificateEasy membership Account review
AgFed Credit Union1.85% ($1k) 30-month No Penalty CD One withdrawal may be made during the original term with no penalty
Veridian Credit Union1.81% 15-month CD SpecialEasy membership See review
Crestmark Bank1.75% ($100k), 1.50% ($25k) 18-month CDAccount review
Atlantic Stewardship Bank1.70% Special 20-month Power CD Account review
Popular Direct1.70% ($10k) 18-month Popular Direct CDInternet bank
TIAA Direct1.67% 18-month CDInternet bank See review
EverBank1.67% 1.5-year Yield Pledge CDInternet bank See review
Ally Bank1.64% (2.25% High Yield 5-Year CD closed after 18 months)See review
EBSB Direct1.61% 19-month CD Internet bank See review
NASA Federal Credit Union1.60% 15-month CD Special Easy membership See review
Northpointe Bank1.60% 15-month CD Special See review
KS StateBank1.60% ($100k) 18-month Jumbo CD Internet Only Special See review
Fidelity Brokered CD1.60% 18-month non-callable CDIssued by ALLY, BoH, CB, CCB, EBSB, GSB, FBPR, MBFB*
Signal Financial Federal Credit Union1.60% (2.40% 60-month CD closed after 18 months)Easy membership requirements
The Vanguard Group Brokered CD1.40% 18-month non-callable CDIssued by WFB*

Noteworthy Local Deals - 18-Month CDs

Cedar Falls Community Credit Union2.01% 15-month Jumbo Certificate7 Iowa counties See review
University of Iowa Community Credit Union2.00% ($250k), 1.90% ($100k), 1.80k ($1k) 16-month CD Special All of Iowa and 4 Illinois counties, University of Iowa relationship See review
PathFinder Bank1.80% 17-month Fall CD Special14 central New York counties See review
First United Credit Union1.80% 18-month CD Special (checking relationship)23 West Michigan counties See review
Members Choice Credit Union1.80% ($50k),1.70% ($500) 18-month CD Special Houston, Texas area See review
Washington Trust1.80% 18-month CD w/checkingRhode Island, Connecticut, Massachusetts See review
Republic Bank1.80% 19-month CDChicago metropolitan area See review
Wright-Patt Credit Union1.77%($100k),1.67% ($500) 19-month Share Certificate Exclusive 10 Ohio counties See review
Old Missouri Bank1.76% 19-month CDMissouri See review
National Bank of New York City1.75% 18-23 month CDNYC, Long Island, Westchester See review
Georgetown Bank1.75% ($10k) 18-month Classic CD SpecialMassachusetts and southern New Hampshire See review
Ion Bank1.75% 19-month CD Special w/checkingConnecticut See review
ConnectOne Bank1.71% 15-month Personal CD Special New Jersey and New York See review
Collins Community Credit Union1.71% ($250k), 1.66% ($100k), 1.61% ($50k) 15-month CD Special 38 eastern Iowa counties See review
Hanover Community Bank1.70% 15-month CDNYC metropolitan area See review
Michigan Schools and Government Credit Union1.70% 18-month CD Michigan's Lower Peninsula See review
First United Credit Union1.70% 18-month CD Special 23 West Michigan counties See review

2-Year CD Rates

Veridian Credit Union2.02% 25-month Jumbo CD ($100k min)Easy membership
Advancial2.00% ($50k) 2-year Jumbo CertificateEasy membership Account review
USAlliance Financial2.00% 25-month CertificateEasy membership Account review
Veridian Credit Union1.91% 25-month Special CDEasy membership
AgFed Credit Union1.85% ($1k) 30-month No Penalty CD One withdrawal may be made during the original term with no penalty
InsBank1.85% 23-month CD See review
Popular Direct1.85% ($10k) 2-year Popular Direct CDInternet bank See review
GiftsforBanking.com1.85% ($25k) 2-year CD GiftsInternet bank See review
Crestmark Bank1.85% ($100k), 1.60% ($25k) 24-month CDAccount review
First Internet Bank1.81% 24-month CDEasy membership See review
TIAA Direct1.81% 24-month CDInternet bank See review
EverBank1.81% 2-year Yield Pledge CDInternet bank See review
VirtualBank1.81% ($10k) 2-year eCDInternet bank See review
Signal Financial Federal Credit Union1.80% 24-month Bump-Up CDEasy membership Account review
Air Force Federal Credit Union1.80% 2-year Share CertificateEasy membership Account review
Signal Financial Federal Credit Union1.80% (2.40% 60-month CD closed after 2 years)Easy membership requirements
Ally Bank1.79% (2.25% High Yield 5-Year CD closed after 2 years)See review
KS StateBank1.78% ($100k) 2-year Jumbo CD Internet Only Special See review
SallieMae Bank1.77% (60-month CD closed after 2 years)Account review
Northwest Federal Credit Union1.76% ($250k), 1.66% ($100k) 2-year CDEasy membership See review
Bethpage Federal Credit Union1.75% 25-month CertificateEasy membership See review
Fidelity Brokered CD1.75% 2-year non-callable CDIssued by FBPR*
The Vanguard Group Brokered CD1.75% 2-year non-callable CDIssued by CCB*
Nationwide Bank1.75% ($100k), 1.70% ($500) 24-month CD Internet bankSee review

Noteworthy Local Deals - 2-Year CDs

Red Rocks Credit Union2.25% ($100k), 2.00% ($50k), 1.75% ($10k) 24-month Share Certificate Colorado See review
Adventure Credit Union2.05% 23-month CD Special11 west Michigan counties See review
Collins Community Credit Union2.01% ($250k), 1.96% ($100k), 1.91% ($50k) 28-month CD Special 38 eastern Iowa counties See review
Primary Bank2.00% 2-year Anniversary CD New England See review
Truity Credit Union2.00% 23-month CD SpecialParts of Oklahoma, Arkansas, Kansas See review
Ferguson Federal Credit Union2.00% 24-month CD Special 12 southwest Mississippi counties See review
Bank of Sun Prairie2.00% ($10k) 24-month CD PromotionWisconsin See review
TCF Bank2.00% 26-month Promotional CDAZ, CO, IL, MI, and WI See review
First Federal Credit Union2.00% 29-month CD SpecialLinn County, Iowa See review
Hanover Community Bank1.85% 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
Westerra Credit Union1.80% ($10k) 25-month Bump-Up/Add-On CD7 Colorado counties See review
Pioneer Federal Credit Union1.80% 25-month CD Special13 SW Idaho counties See review
Sandy Spring Bank1.80% ($10k) 27-month Premier CD SpecialMaryland and Northern Virginia See review

3-Year CD Rates

USAlliance Financial2.17% 36-month CertificateEasy membership Account review
Veridian Credit Union2.17% ($100k) 39-month Jumbo Special CD Easy membership See review
Advancial2.11% ($50k) 3-year Jumbo CertificateEasy membership Account review
Service Credit Union2.05% 30-month CD SpecialMilitary relationship See review
Veridian Credit Union2.01% ($1k) 39-month Special CD Easy membership See review
Signal Financial Federal Credit Union2.01% (2.40% 60-month CD closed after 3 years)Easy membership requirements
INOVA Federal Credit Union2.00% 30-month CertificateEMR 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
TIAA Direct2.00% 36-month CDInternet bank See review
EverBank2.00% 3-year Yield Pledge CDInternet bank See review
GS Bank2.00% 3-year CD
Kinecta Credit Union2.00% ($100k) 30-month Jumbo Share Certificate Easy membership See review
Crestmark Bank2.00% ($100k), 1.75% ($25k) 36-month CDAccount review
KS StateBank1.98% ($100k) 3-year Jumbo CD Internet Only Special See review
SallieMae Bank1.97% (60-month CD closed after 3 years)Account review
M.Y. Safra Bank1.96% 36-month Online Promo CD See review
Hope Federal Credit Union1.96% ($95k) 36-month Jumbo Share Certificate
Ally Bank1.95% (2.25% High Yield 5-Year CD closed after 3 years)See review
Fidelity Brokered CD1.95% 3-year non-callable CDIssued by BCB*
First Internet Bank1.94% 36-month CDEasy membership See review
iGObanking1.90% 36-month iGOCD See review
Popular Direct1.90% ($10k) 3-year Popular Direct CDInternet bank
AgFed Credit Union1.85% ($1k) 30-month No Penalty CD One withdrawal may be made during the original term with no penalty
The Vanguard Group Brokered CD1.85% 3-year non-callable CDIssued by AMEX CB, AMEX FS, COBNA, COBUSA, GSB*

Noteworthy Local Deals - 3-Year CDs

University of Iowa Community Credit Union2.60% ($250k), 2.50% ($100k), 2.40% ($1k) 35-month CD Special All of Iowa and 4 Illinois counties, University of Iowa relationship See review
InvesTex Credit Union2.25% 3-year Promo Rate CDNorth Houston, Texas area See review
Triangle Credit Union2.25% 35-month CD Special5 NH and 4 MA counties See review
Primary Bank2.25% 3-year CDNew Hampshire See review
East Boston Savings Bank2.21% 30-month CDBoston metropolitan area See review
Farmers State Bank2.15% 39-month CD3 NE Iowa counties See review
BTH Bank2.10% 30-month Worry-Free CDTexas See review
Mercantil Commercebank2.10% 36-month Online Smart CDFlorida and Texas See review
Citadel2.10% 36-month CD Special 5 southeast Pennsylvania counties See review
Perpetual Federal Savings Bank2.07% 36-month CDCentral Ohio See review
Firelands Federal Credit Union2.06% 36-month Promotional Certificate5 northcentral Ohio counties See review
First Ipswich Bank2.05% 30-month CD SpecialMassachusetts' North Shore and Cape Ann 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
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
Grow Financial Federal Credit Union2.00% 30-36 month Share CertificateEMR in FL, NC, SC; military relationship 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

4-Year CD Rates

Hanscom Federal Credit Union2.50% 48-month Certificate w/Premier CheckingEasy membership See review
Advancial2.29% ($50k) 4-year Jumbo CertificateEasy membership Account review
American Heritage Federal Credit Union2.26% 48-month Share Certificate EMR See review
NASA Federal Credit Union2.25% 49-month CD Special
Capitol Federal Savings Bank2.25% 50-months Traditions CD Special See review
USAlliance Financial2.22% 348-month CertificateEasy membership Account review
TIAA Direct2.16% 48-month CDInternet bank See review
EverBank2.16% 4-year Yield Pledge CDInternet bank See review
Northern Bank Direct2.15% 48-month CD Internet bank See review
Latino Credit Union2.15% 48-month CD Easy membership See review
Third Federal Savings and Loan2.15% 49-month CD Special See review
Signal Financial Federal Credit Union2.12% (2.40% 60-month CD closed after 4 years)Easy membership requirements
Mountain America Credit Union2.10% 4-year Term DepositEasy membership
Fidelity Brokered CD2.10% 4-year non-callable CDIssued by AMEX FS, AMEX CB, BMW, CCB, COBNA, COBUSA*
First Internet Bank2.07% 48-month CDInternet bank See review
Melrose Credit Union2.07% 4-year Share CertificateCurrently operating under an NCUA conservatorship
SallieMae Bank2.07% (60-month CD closed after 4 years)Account review
Crestmark Bank2.05% ($100k), 1.80% ($25k) 48-month CDAccount review
M.Y. Safra Bank2.05% 48-month Online Promo CD See review
Ally Bank2.03% (2.25% High Yield 5-Year CD closed after 4 years)See review

Noteworthy Local Deals - 4-Year CDs

InvesTex Credit Union2.50% 4-year Promo Rate CDNorth Houston, Texas area See review
Institution for Savings2.50% ($250k) 4-year Money Market CD (also requires $250K in MMA)Parts of Massachusetts
Tech Credit Union2.43% ($100k) 50-month Jumbo Compound CD4 NW Indiana and 2 NE Illinois counties See review
Pelican State Credit Union2.41% 48-month CDRapides Parish, LA; EMR in AR, LA, MS, TX See review
Jefferson Financial Credit Union2.38% ($10k) 48-month Share Certificate4 Louisiana Parishes See review
Deere Employees Credit Union2.35% 48-month Share CertificateEmployees and retirees of Deere & Company See review
IH Mississippi Valley Credit Union2.32% 48-month CD18 Illinois and 10 Iowa counties See review
Tech Credit Union2.30% 50-month Premium Compound CD4 NW Indiana and 2 NE Illinois counties See review
Bayer Heritage Federal Credit Union2.28% 48-59 month Share Certificate Portions of OH, SC, WV; Bayer Corporation employees See review
Perpetual Federal Savings Bank2.28% 48-month CDCentral Ohio See review
Pioneer Valley Credit Union2.27% 49-month Share Certificate SpecialEasy membership requirement in CT, MA, NH, NY, RI, VT See review
ASI Federal Credit Union2.27% 48-month CDGreater New Orleans metro area See review

5-Year CD Rates

Mountain America Credit Union2.60% 5-year Term DepositEasy membership
United States Senate Federal Credit Union2.55% ($60k), 2.49% ($20k), 2.43% ($1k) 60-month CDEasy membership
Langley Federal Credit Union2.53% (w/Active Rewards), 2.43% (w/o Active Rewards) 60-month CDEasy membership Account review
Advancial2.49% ($50k) 5-year Jumbo CertificateEasy membership Account review
State Bank of India (IL)2.48% ($50k) 5-year Senior CD
Popular Direct2.45% ($10k) 5-year Popular Direct CDInternet bank
Hope Federal Credit Union2.43% ($95k) 60-month Jumbo Share Certificate
Melrose Credit Union2.42% 5-year Share CertificateCurrently operating under an NCUA conservatorship
GS Bank2.40% 5-year CD
Signal Financial Federal Credit Union2.40% 60-month CDEasy membership Account review
Utah First Federal Credit Union2.40% 60-month CDEasy membership See review
State Bank of India (IL)2.38% 5-year CD
Michigan State University Federal Credit Union2.38% ($100k) 5-year Jumbo CDEasy membership Account review
SallieMae Bank2.35% 60-month CDAccount review
Synchrony Bank2.35% ($25k), 2.30% ($2k) 60-month CDInternet bank See review
Fidelity Brokered CD2.35% 5-year non-callable CDIssued by CCB*
GTE Financial2.32% 60-month CertificateEasy membership Account review
First Internet Bank2.30% 60-month CDEasy membership See review
TIAA Direct2.30% 60-month CDInternet bank See review
EverBank2.30% 5-year Yield Pledge CDInternet bank See review
The Vanguard Group Brokered CD2.30% 5-year non-callable CDIssued by AMEX CB, AMEX FS*

Noteworthy Local Deals - 5-Year CDs

InvesTex Credit Union2.75% 5-year Promo Rate CDNorth Houston, Texas area See review
Kemba Credit Union2.75% 66-month Special CD14 SW Ohio, 8 Northern Kentucky, and 2 SE Indiana counties See review
First Bank of Tennessee2.62% 60-month Quarterly CODTennessee See review
Pelican State Credit Union2.61% 60-month CDRapides Parish, LA; EMR in AR, LA, MS, TX See review
American United Federal Credit Union2.60% 60-month CD (includes 0.10% rate increase)Salt Lake and Tooele Counties, Utah See review
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
Wasatch Peaks Credit Union2.55% 60-month CD3 Utah countiesSee review
America First Credit Union2.55% 60-month Regular Certificate 5 Utah, 2 Arizona, 2 Nevada counties See review
Achieva Credit Union2.55% ($75k) 60-month IRA Plus 10 Florida counties See review
Indiana Members Credit Union2.53% 60-month CDCentral Indiana Account review
Bayer Heritage Federal Credit Union2.53% 60-month Share Certificate Portions of OH, SC, WV; Bayer Corporation employees 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
Idaho Central Credit Union2.50% 60-month Promo CD27 Idaho and 1 Nevada counties 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

Over 5-Year CD Rates

Fidelity Brokered CD2.60% 10-year non-callable CDIssued by DIS, GSB*
Apple Federal Credit Union2.60% 120-month CD
The Vanguard Group Brokered CD2.60% 10-year non-callable CDIssued by GSB*
The Vanguard Group Brokered CD2.50% 7-year non-callable CDIssued by DIS*
GS Bank2.45% 6-year CD
Fidelity Brokered CD2.45% 7-year non-callable CDIssued by DIS, FBHP, GSB*
KS StateBank2.40% 7-year CD See review
Northrop Grumman Federal Credit Union2.38% ($40k) 84-month Bonus Term CDEasy membership
Discover Bank2.35% 10-year CD
Elements Financial2.30% 10-year CDEasy membership
Apple Federal Credit Union2.25% 84-month CD
PenFed Credit Union2.22% 7-year Money Market CertificateEasy membership See review
Andrews Federal Credit Union2.20% 84-month Share Certificate See review
Elements Financial2.15% 7-year CDEasy membership
Navy Federal Credit Union2.15% ($100k), 2.10% ($1k) 7-year CDMilitary relationship See review

Noteworthy Local Deals - Over 5-year CDs

Indiana Members Credit Union3.04% 84-month CDCentral Indiana Account review
PeoplesChoice Credit Union3.04% 120-month CDYork and Cumberland Counties, Maine
EFCU Financial2.75% 84-month Super 7 Variable Rate CD9 Louisiana parishes Account review
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
Credit Human (formerly San Antonio Federal Credit Union)2.60% 10-year Share CertificateSan Antonio, TX
Appalachian Community Credit Union2.57% 72-month Share Certificate5 TN, 3 VA, 4 KY counties See review
Indiana Members Credit Union2.53% 84-month CD17 Central Indiana counties See review
Citizens Bank Minnesota2.52% 96-month Share CertificateSouthern Minnesota
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

*ALLY (Ally Bank), AMEX CB (American Express Centurion Bank), AMEX FS (American Express Federal Savings), BCB (Barclays Bank), BoC (Bank of China), BoH (Bank of Hope), BotW (Bank of the West), CB (Cathay Bank), CCB (Comenity Capital Bank),COBNA (Capital One Bank NA), COBUSA (Capital One Bank USA), DIS (Discover Bank), EBSB (East Boston Savings Bank), FBHP (First Bank Highland Park), FBPR (Firstbank Puerto Rico), GSB (GS Bank), MBFB (MB Financial Bank), SMB (SallieMae Bank), WFB (Wells Fargo Bank)

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

USAlliance Financial2.28% 36-month Cooperative Rewards CDEasy membership Account review

CDs Removed, No Longer Available - Local

Argentine Federal Savings2.25% 7-month CD SpecialKansas City metro area See review
Coastal Heritage Bank1.25% 9-month CDMassachusetts' South Shore
CenterBank1.70% 17-month Anniversary Special CD Greater Cincinnati area See review
University of Iowa Community Credit Union2.20% ($250k), 2.10% ($100k), 2.00% ($1k) 26-month CD Special All of Iowa and 4 Illinois counties, University of Iowa relationship See review
Blue Hills Bank2.00% 23-month Bump Up CD PromoBoston area See review
Blue Hills Bank2.50% 59-month Bump Up CD PromoBoston area See review

CDs Removed, Rate Too Low - National

GTE Financial1.76% 36-month CertificateEasy membership Account review
GTE Financial2.02% 48-month CertificateEasy membership Account 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
MutualOne Bank2.27% 61-month CDSee review
Ally Bank2.25% 5-year High Yield CD Internet bank See review

CDs Removed, Rate Too Low - Local

TCF Bank1.50% 13-month Promotional CDAZ, CO, IL, MI, and WI See review
West Town Bank & Trust1.50% Personal Classic Checking (rate guarantee for one year)Chicago metro area and Eastern North Carolina See review
First Community Credit Union0.90% 24-month CD5 MO and 3 IL counties, City of St. Louis See review
Cornerstone Financial Credit Union1.30% ($50k) 36-month Super Jumbo CertificateEMR in Tennessee and Kentucky See review
Cornerstone Financial Credit Union1.25% ($25k) 36-month Jumbo CertificateEMR in Tennessee and Kentucky See review
Bayer Heritage Federal Credit Union1.77% 36-47 month Share Certificate Portions of OH, SC, WV; Bayer Corporation employees See review
Related Pages: savings accounts, money market accounts, checking accounts, 1-year CD rates, 5-year CD rates, nationwide deals, Internet banks
Comments
deplorable 1
deplorable 1   |     |   Comment #1
Nice to see Popular Direct raising the 5 year CD. I'm still holding off on anything above 3 years for now until I see how things shake out. The banks could easily afford to give 5% on capped CD's. I think they want to have people lock up long term CD's at ultra low rates just before they hike them. Eventually they will have to raise longer term CD's as long as there is upward pressure on rates.
4USA
4USA   |     |   Comment #5
More wishful thinking. The new normal top rate is 3%, not 5%. The economy and monetary policy is based on DEBT. not savings. If you want to tank the economy and create a real depression raise the rates to a point where you kill home loans, car loans and every other credit stream that keeps modern society humming along...headed for the cliff no doubt, but that's a topic for another day. It's a DEBTORS world, something the average saver just cannot wrap their brains around. Besides, up to a certain age one should be a conservative investor and then transition to saver mode as old age arrives. Capital growth (7-10% annually) followed by capital preservation (just beat inflation).
deplorable 1
deplorable 1   |     |   Comment #6
Funny how this "new normal" and "debtors world" only came about after 8 years of the Obama administration. Before that 5% was the norm. Funny how young people don't have a memory past the last 8 years. My first mortgage was 7.25% and I survived. My parents had one @10%. There are plenty of people who will pay high interest rates for all types of loans just look at car loans, construction loans, corporate loans and credit card debt. No the economy will not shut down from a few rate hikes it never has and never will. Why do you wrongly assume that I don't have investments as well as CD's and bank accounts? I have individual stocks, bond funds, REIT's, CEF's and mutual funds some of which are paying up to 20% dividend yields. I just like to have a portion of my money safe from the ups and downs of the stock market. I actually have some 5% FDIC insured capped savings accounts right now. I used to beat inflation just with interest in every year that Obama was not president. I guess I'm still beating inflation if you count the interest I make off of the bank's money with 0% no fee credit card balance transfers.
Bozo
Bozo   |     |   Comment #7
Deplorable 1 (re comment #6), it has been a very depressing couple of months trying to find a home for an after-tax CD which matured in late July. I finally threw in the towel and bought a CD from a brokerage. The effective rate (after float and fees) pretty much matches inflation, and the term is relatively short (11 months), but it's like treading water. The only folks who make out like bandits are the US Treasury, since it's a taxable CD. Ah, the price we pay for capital preservation.
Bozo
Bozo   |     |   Comment #8
Moving right along (re my comment #7), cynics might say we are already into negative interest rates, when inflation and taxes are factored into the equation. Really hard to make a real return on fixed-income these days. Nobody wants or needs our (retail) money.

I think I shared the anecdote of a year or so back. I was in conversation with my local banker, and asked why CD rates were so horrid. She quite candidly said "you're retail money; we can obtain funds for lending purposes wholesale". So, I replied, "why offer any rates above 2% at all?" She candidly replied, "to draw in new money for cross-marketing."  Not surprisingly, folks with new deposit accounts also might have home mortgages, car loans, and credit cards. New money. Regrettably, we're "old money".

Paid off our mortgage, no car loans, credit card paid in full each month. To a bank or credit union, we're not exactly a "target-rich environment".
deplorable 1
deplorable 1   |     |   Comment #12
@Bozo: So what was the best rate you could get on a brokered CD? If I can't find a good CD rate I just start working a few new bank bonuses. I have been able to get from $100-$500 in bonuses from time to time which have had the equivalent of a 10% return for the 6 months or so I had to tie up the cash. Doctor of credit and hustler money blog have some decent bank bonus lists that are nationally available. Just look for the ones that don't require direct deposit unless you don't mind the hassle. Some local deals are good as well. There is a Huntington $200 checking account bonus that I do once a year. Citibank had a nice $400 bonus last year. Locking cash up at a low rate for 7 years just doesn't work for me as I like to "hustle and flow" as Obama would say. I look at making money with my money as a job where I get to determine my hours and success based on effort.
Bozo
Bozo   |     |   Comment #16
Deplorable 1 (re comment #12), the 11 month MS with a stated rate of 1.9% After float and fees, the effective rate was less. I admire your willingness (and ability) to chase down those balance transfers and other bonuses. But, as you note, that's a "job". I'm retired.
deplorable 1
deplorable 1   |     |   Comment #20
Well Bozo I used to work a physical job in a hot shop for as much as 18 hours a day on my feet so I don't consider sitting in a comfortable chair on the computer in air conditioning much in the way of work. You have to keep the brain active as you get older anyway or you might turn into a senile old liberal or something.
Bozo
Bozo   |     |   Comment #21
Deplorable 1, "senile old liberal" sorta nailed it. Or something (maybe senile old conservative). Isn't it ironic I'm a lifelong, registered, Republican (in a very blue district in a very blue state), and yet my views in many parts of the country would be deemed tilting left. I keep my brain active reading the New York Times (delivered each day, the print edition), then checking out the Washington Post on-line edition. I then peruse the Economist, and Bloomberg. Maybe I'm a RINO.
deplorable 1
deplorable 1   |     |   Comment #28
It's that liberal New York Times Bozo! That stuff will rot your brain. The reason Trump calls the media "fake news" is because of the liberal slanted reporting of the news. It's not just what they report it's "HOW" they report it or what they intentionally leave out or fail to report.
Bozo
Bozo   |     |   Comment #31
Deplorable 1 (re comment #28). Funny, but true, story. I went back to Leawood, Kansas, back in 2010, to help care for my Mom, who was in a nursing home. Every morning, I'd go out for my walk, and notice which driveways had newspapers, and which did not, and the color of the wrappings. It was pretty obvious who did not read a newspaper, who did, and what they read. The New York Times was invariably wrapped in blue. I suspect the delivery person for the NYT in Leawood had one paper per mile, on average. I would agree, the NYT is a very "coastal" publication. But it is still the gold standard for journalism.
Bozo
Bozo   |     |   Comment #32
Further to my comment #31, my main criticism of the NYT is the printing plant here on the left coast. They have gone to this cheap paper which curls. Often, the pages are truncated, or the printing itself is illegible. Then, of course, there's the issue of no home delivery at all. We call the toll-free number, are assured our paper will be delivered, with no result.

Note to the NYT, all I want in the morning is a paper, a cup of coffee, and a nice easy chair.
deplorable 1
deplorable 1   |     |   Comment #37
@Bozo: My wife subscribes to our local paper for the Sunday coupons. Almost every other Sunday she has to call and threaten to leave just to get the paper delivered so it's not just you. You can at least read the print though. I find reading articles on a 27" monitor easier although there is something to be said for the tactile feel of a paper or a book. Too bad there is no such thing as a paper written from a conservative perspective. The letters to the editor can be pretty good though.
Bozo
Bozo   |     |   Comment #38
Deplorable 1 (re comment # 37), home delivery is seriously funny. I always joke with my wife, "good luck", when she goes out to search for the morning papers. I do love the concept of "tactile feel".
Bozo
Bozo   |     |   Comment #39
The next time the folks don't deliver our papers, I'll remind them of the loss of "tactile feel".
Att
Att   |     |   Comment #10
I'm a saver but also have a mortgage with a 3.25% rate. My 1st home had an 8.5% SONYMA mortgage and the going rate at the time was 10.5%. So I'm getting some of the advantages of lower rates and also getting lower rates on my savings.. I do have income investments and some tax free that pay above my mortgage rate.
deplorable 1
deplorable 1   |     |   Comment #11
@Att: Just wait until you have your mortgage paid off and you can't find a decent return on your savings. Low mortgage rates are great when you are first starting out but for the rest of us they are meaningless.
Att
Att   |     |   Comment #13
You say the rest of us but can you speak for everybody on this site? I'm in my early 50's. Other people on this site may have mortgages, still work (Like me) and maybe even younger than me. I have many investments in various vehicles. I still have 13 years on my mortgage and have no plans to pay it off early. I'm saving for my kids education via 529's and happy with the amounts saved. I also get a state tax break up to 10K on my income tax when I make deposits to their accounts.

I consider myself somewhat conservative with my investments and have a large percentage in CDs and muni bonds.

With rates I try to find the deals on this site. The best one was with Penfed around 2010. They had a 5% CD for 10 years. I was able to fund it with a large sum and even used funds with a CD I closed and paid an EWP. Have I made mistakes investing? Sure but I'm mostly conservative with my diverse portfolio.
deplorable 1
deplorable 1   |     |   Comment #17
@Att: I meant those of us with no mortgage debt. I never planned on paying my mortgage off early as I was earning 6-7% in savings with a 5.875% mortgage. Then came 0% interest rates and paying off the mortgage suddenly looked like a real smart move. I actually paid off my mortgage with a 0% no fee balance transfer for 21 months in order to spread it out a bit. With 0% no fee balance transfers and 0% 5-7 year auto loans available I don't think I will ever pay interest on a loan again. I mean why would I when I can borrow for free as long as I maintain a good credit score. So yeah I'm in the raise the interest rates on savings camp after a decade of low rates I think savers deserve a break for a change. Us savers have basically continued to bail out the banks from the housing crisis with lost interest on savings. We are the folks who paid our taxes(which went to bail out the banks) and our mortgages in full and on time yet have been punished while debtors and non payers have been rewarded with mortgage write downs and lower interest rates via the HARP program and others.
Att
Att   |     |   Comment #27
I'm a saver too but I doubt we will see decent rates again. I don't think The US economy will be as strong as it once was. Many other countries like Japan , Korea and even China are in the forefront of modern technology such as robotics, materials.
Our manufacturing capacities are continually being outsourced to other countries. Our debt is out of control and unfunded liabilities at all government levels are a major concern.

Glad you have mastered using 0% to payoff various debt and create income.
deplorable 1
deplorable 1   |     |   Comment #41
@Att: I agree with you about other countries being on the forefront of technology. I bought a android smart tv box from China and had it hooked up to a old tube tv almost a decade before the so called "smart tv" came out. Even now the U.S. has nothing that can even come close to a newer unlocked android tv box for free unrestricted content. My first HD tv was a HDTV tuner that connected to my computer monitor via a VGA port from Taiwan way before computer monitors had tv tuners. We seem to get the left over old technology from other countries here and then it is restricted to pay only services vs. free content.
Att
Att   |     |   Comment #43
I'm talking about more important technologies like robotics and materials even AI. China has a booming robotics development industry that is growing quickly and will be soon equal to the US and Germany. They control the market in rare earth minerals.
mr. labor econ
mr. labor econ   |     |   Comment #29
IN FAIRNESS,,,,IF SOMEONE WANTS TO COLLECT CREDIT CARDS,,,CREDIT UNION MEMBERSHIPS, CD'S AND OTHER FDIC PRODUCTS,,,,it's their business and this is the usa where you can do it as the law allows. personally the returns are criminally low, i won't be enticed to spend money to save money AND I NEVER LET SOME SHARP PENCIL TALK ABOUT THE SO CALLED INFLATION RATE, a favorite ploy of investor and wealth management side advisors looking to sell you something, since they live on the comm. INFLATION HITS EVERYONE DIFFERENTLY AND SMART PEOPLE WORK AROUND IT, though food and energy inflation take extra savyness on the part of a wise consumer. PEOPLE ARE PRIMAL COLLECTORS, and most collections depreciate, if your financial products pay off, good for you. that's my story and i'm stickin with it.
grannyluvsshaleoilbonds
grannyluvsshaleoilbonds   |     |   Comment #40
I like your writing style, mr. labor econ.
mr. labor econ
mr. labor econ   |     |   Comment #42
i am the best around these parts….say something new, helpful, pithy or be brilliantly vicious if attacked by a troll stalker and remember don't be redundant and that brevity is the soul of wit.
suckeryoubuddy
suckeryoubuddy   |     |   Comment #14
until the fed hikes the rates,,,,there is no practical reason for wasting time searching for sucker deals and chump specials with outliers and the usual suspect deposit gathering scheme e-banks that are really getting rich off YOU WHALES.....considering their overhead and what they are offering you.....IMO people are so money hungry for a rate they will mouse click to anyone offering a few lousey bips more,,,,to a humble depositor saver iti;s laughable ,,,to a whale,,,AND THAT IS THE FISH THEY ARE AFTER,,,,IT'S A FEW THOUSAND, MAYBE,,,,but they are still suckerin you ,,,,when the e-bank playing field is flat and it's all fdic....what you worry....GO FOR IT!
p.t. barnum
p.t. barnum   |     |   Comment #15
i've always believed that there is nothing to stop employees of say,,, JERKWATER STATE BANK in godknowswhere, arkansas, from touting up or shilling up their too good to be true for a limited time only DEELZ with only a half dozen fine print requirements,,,,,,,from commenting all over this domain to drum up business,,,,,kinda like those infomercials that are supposed to be "real ordinary people" with the usual mc pitching softballs to them and the audience. there's one born every minute.
deplorable 1
deplorable 1   |     |   Comment #19
Well you read the fine print FIRST before you apply and if you don't like it then you skip that one. If you can't be bothered to read then just call the bank and a friendly CSR will be happy to read and explain them to you.
deplorable 1
deplorable 1   |     |   Comment #18
Those little sucker deals and chump specials as you call them paid off my mortgage 15 years early and added $100,000 to my bank account. You probably think that earning 2-7% in cash back rewards on credit cards is a waste of time too.
Bozo
Bozo   |     |   Comment #22
Deplorable 1 (re comment # 18), if you can manipulate the system, you get a big thumbs up. It appears perfectly legal, and just exploits flaws in the "system".
Skeptic
Skeptic   |     |   Comment #23
#18
As usual no specifics. If it's too good to be true it probably is.
Skeptic
Skeptic   |     |   Comment #24
not true....
klink
klink   |     |   Comment #2
Agreed. I told a Navy Fed CD CSR today that if they don't offer a 3% or higher by the end of this year, I would be forced to look at the competition. She said she fully understood and that "you gotta do what you gotta do" to make your money.
deplorable 1
deplorable 1   |     |   Comment #3
NFCU has a 3% 5 month CD sure it's capped @ $10,000 but I got the wife one for $10,000 as well. They will most likely pull out another decent one sometime this year like that 17 month 2% $50,000 offer which I also have.
Bozo
Bozo   |     |   Comment #9
Klink, re comment #2, I said essentially the same thing to USAA Federal Savings Bank when my IRA CD matured and when my after-tax CD matured. I received essentially the same response. I wasn't quite as aggressive as you, I only asked USAA if they would be willing to meet the "going rate" here on DA for an equivalent term. The response was "we don't."

I had to chuckle.
Ann
Ann   |     |   Comment #47
Doesn't hurt to ask, but I doubt any financial institutions would be willing to price-match interest rates. I've seen a few examples of people asking before, but all were unsurprisingly unsuccessful. The closest thing to that which has worked is if you apply for an account during a limited-time promotional period but don't have time to finish the setup process before the promotion ends, some will still give you the promo rate if you ask.
Bozo
Bozo   |     |   Comment #49
Ann (re comment #47, first sentence), that has certainly been my experience. I love the term "unsurprisingly unsuccessful". While I suspect I am preaching to the choir (here at DA), those of us of a certain age can remember the concept of "banker's spread". Folks who needed a home loan at, say, 6%, would go to a bank or credit union. The loan might be funded by deposits, which generally yielded a "spread" of 3%. Stated another way, your 3% CD would be loaned out at 6%. If loan rates were at 8% (as they were back in the late 70's), you might expect 5% CDs.
RIGHTONFAROUT
RIGHTONFAROUT   |     |   Comment #4
THE FED IS DOING A PERFECT JOB OF KEEPING FED RATE HIKE WATCHERS OFF BALANCE,,,,i thought they were supposed to keep the wall street marketeers guessing???
!!!
!!!   |     |   Comment #25
Unfortunately, what we THINK and what we actually KNOW are two different things.

That's the difference between us and the Wall Street "insiders" who are always ahead of the game and the "to big to fail" financial institutions never loose.
doyouunderstandenglish???
doyouunderstandenglish???   |     |   Comment #26
IT HAS BEEN THE FED'S JOB TO PROP UP WALL SINCE SINCE GREENSPAN'S ACCOMODATIONS AND FORWARD GUIDANCE BEGINNING IN JAN 2001,,,,,,,EVERYBODY KNOWS THAT,!!!,,,,,but that hasn't always been the FED'S modus operandi,,,,,,,,DO YOUR BLOODY FED RESEARCH,,,,,,SMART GUYS!!!
!!!
!!!   |     |   Comment #35
Yep. You got it!
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HAD TO LOL
HAD TO LOL   |     |   Comment #48
re; !!!, is a stalker troll,,,like a gumwad i've picked up on the bottom of my shoe and can't scrape off,,,,lol, lol, had to lol.
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