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CD Rates Summary March 12, 2019

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We are still seeing a slow decline in CD rates from the rate leaders. On the positive side, a few credit unions and banks have kept their CD specials.

Brokered CD Rates

The top 5-year brokered CD rate has now fallen below 3% (non-callable and new issue). Today at around 11:00 am, the top 5-year rate at both Fidelity and Vanguard was 2.95%. Two weeks ago, there was a 5-year rate of 3.15% at Fidelity and 3.05% at Vanguard. The 10-year and 7-year rates also had declines from two weeks ago. The 10-year fell 5 bps to 3.20%, and the 7-year fell 10 bps to 3.10%.

Not all brokered CD rates fell. Brokered CD rates with terms of under two years actually had small gains from two weeks ago. The highest 1-year brokered CD rate was 2.50% at Vanguard. Two weeks ago the highest was 2.45%.

Direct CD Rates

For direct CDs in the last two weeks, several of the rate leaders have cut their CD rates. This is especially the case at credit unions which updated their rates for March. We have also lost a few top CD specials. We haven’t been seeing many new CD specials to replace the old ones.

Long-Term CD Rates

Several of the credit unions that were offering top long-term CD rates cut their rates in March. These include PenFed (5-year APY fell 10 bps to 3.05%), NASA Federal (49-month APY fell 40 bps to 2.95%), and Connexus Credit Union (5-year APY fell 40 bps to 3.00%).

There are still a couple of hold-outs that haven’t cut their long-term rates. These include Mountain America Credit Union (5-year remains at 3.51% APY) and Utah First Credit Union (5-year remains at 3.50% APY). These are now the top nationally-available 5-year CD rates.

State Bank of India and State Bank of India of Illinois continue to offer the highest nationally-available 5-year rate for a bank. Their rates fell a bit from two weeks ago, but they continue to be very competitive. Both branches are offering these top rates on Senior Citizens CDs. The Illinois branch is offering 3.45% APY for a $2.5k minimum. The New York branch is offering 3.44% APY for a $25k minimum. The Illinois branch offers online account opening, but the New York branch requires applicants to mail in forms and documents.

The top 5-year CD rate from an internet bank is 3.25% APY. This is available from both Colorado Federal Savings Bank (CFSB) and First Internet Bank. The best deal out of the two is the 5-year at CFSB since the early withdrawal penalty is only 6 months of interest.

A top-rate 5-year CD like from CFSB is a good choice if you’re concerned with rates falling. The 6-month early withdrawal penalty is on the low end for 5-year CDs which reduces the risk of being locked into a CD if rates should start to rise again in the near future.

Mid-Term CD Rates

We lost a few mid-term CD specials that had been rate leaders. These include the 19-month and 13-month CDs from Hyperion Bank, the 15-month CD special from NASA Federal Credit Union, and the 18-month CD special at Freedom Credit Union.

Navy Federal Credit Union continues to offer a very nice 17-month CD special with a 3.25% APY. This special allows unlimited add-on deposits for a maximum balance of $50k.

Mountain America Credit Union continues to offer a 2-year Term Deposit with a 3.25% APY and a 3-year Term Deposit with a 3.35% APY. Minimum deposit is $500. This credit union also offers an add-on-deposit version of these CDs that allows a maximum balance of $100k. These are called the Term Plus Deposit accounts.

One small rate hike to note is from the new internet bank, Rising Bank. Its 18-month Rising CD rate increased from 2.85% to 2.92% APY. The 36-month Rising CD rate remains the same at 3.00% APY. These Rising CDs have both an add-on option and a rate-bump option. The most useful of the two in my opinion is the add-on deposit option. For the 18-month Rising CD, you have one option to make an additional deposit during the term. For the 36-month Rising CD, you have two options to make additional deposits. Minimum deposit for additional deposits is $5k.

Add-on CDs from Rising Bank and Mountain America Credit Union can be very helpful to hedge against falling rates. Open these CDs with the minimum deposit, and wait to see what happens with the rates. If rates should happen to fall, you can add onto these CDs instead of opening a new CD which will likely have a lower rate.

Short-Term CD Rates

Like the longer-term CDs, we lost several short-term CD specials that were rate leaders. These include the 6-month CD special at Andrews Federal Credit Union, the 13-month CD special at Hyperion Bank, and the 14-month Select CD at Ally Bank.

A few of the short-term CD specials have remained. One is Navy Federal Credit Union’s 6-month CD special that earns 3.00% APY. Minimum deposit is $1k. Unlike Navy Federal’s special 17-month CD, this does not have an add-on option, and there is no maximum balance.

Another short-term CD special that is still available is the Eagle Premium Savings account at Susquehanna Community Bank. This is included in the CD summary due to its 6-month rate guarantee. This account has a 3.00% APY with a minimum balance of $100k.

Even though the 6-month CD special ended at Andrews Federal Credit Union, it still offers a 2.86% APY on a special 8-month CD.

The best short-term CD deal at an internet bank is the new 13-month No-Penalty CD at PurePoint Financial. This CD has a 2.60% APY, with a $10k minimum deposit. It functions just like Ally Bank’s No Penalty CD. Since it’s a no-penalty CD, the longer the term, the better. You can make the CD have any term you want, from 7 days to its full 13-month term. If you want the liquidity of a savings account with a top rate that’s guaranteed not to fall in the next year, PurePoint Financial’s 13-month No Penalty CD is a good choice.

Savings & Money Market Account Rates

There have been no new rate leaders since my last week’s liquid account summary. I have just one note. Goldman Sachs Bank USA is offering a $100 bonus for opening its Online Savings account and making a deposit of at least $10k of new money. This is scheduled to end on March 18th.

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.

Federal Reserve and Interest Rate Summary

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

Yields Accurate as of March 12, 2019

Under 1-Year CD Rates

InstitutionRatesNotes
Navy Federal Credit Union3.00% ($1k) Celebration Special Rate 6-month Certificate Special Military relationship See review
Susquehanna Community Bank3.00% ($100k) Eagle Premium Savings (6-month rate guarantee) See review
Andrews Federal Credit Union2.86% ($1k) 8-month Certificate SpecialEasy membership See review
Advancial2.83% ($50k) 6-month Jumbo CertificateEasy membership See review
Advancial2.77% ($50k) 3-month Jumbo CertificateEasy membership See review
Andrews Federal Credit Union2.75% ($250k max) 9-month Certificate SpecialEasy membership See review
PurePoint Financial2.60% ($10k) 13-month No-Penalty CDInternet bank Account review
MutualOne Bank2.53% ($500) 7-month Online CD See review
Service Credit Union2.50% ($1k) 9-month CertificateMilitary relationship See review
United Bank2.50% Advantage Money Market, 180-day rate guarantee25 states See review
Live Oak Bank2.45% ($2.5k) 6-month CDInternet bank Account review
CD Bank2.45% ($10k) 9-month CDInternet bank See review
DollarSavingsDirect2.40% ($1k) 6-month CDInternet bank See review
EmigrantDirect2.40% ($1k) 6-month CDInternet bank See review
MySavingsDirect2.40% ($1k) 6-month CDInternet bank See review
Fidelity Brokered CD2.40% (APR) 6-month non-callable CDIssued by CBRI, SEB*
The Vanguard Group Brokered CD2.40% (APR) 9-month non-callable CDIssued by EBSB, NYCM, WKFB*
Limelight Bank2.35% ($1k) 6-month CDInternet bank See review
Citizens Access2.35% ($5k min)6-month Online CDInternet Bank Account review
CD Bank2.35% ($10k) 6-month CDInternet bank See review
Marcus by Goldman Sachs2.35% ($500) 13-month No-Penalty CDInternet bank See review
The Vanguard Group Brokered CD2.35% (APR) 6-month non-callable CDIssued by BMNA, F3rdB, MRBI, MZTB*
Fidelity Brokered CD2.35% (APR) 9-month non-callable CDIssued by BMNA, BoA, MAB, MFB, SLSB, and 5 others*
Communitywide FCU2.30% ($2k) 6-month Share CertificateEasy membership Account review
My eBanc2.30% ($10k) 11-month Flex Time Deposit See review
Ally Bank2.30% ($25k), 2.15% ($5k) No-Penalty 11-month CDInternet bank See review
The Vanguard Group Brokered CD2.30% (APR) 3-month non-callable CDIssued by BMNA, IBLA, MRBI, SANT, SBoI, SNB*
Fidelity Brokered CD2.30% (APR) 3-month non-callable CDIssued by BMNA, IBLA, LBS&L, SANT, SBoI*
Customers Bank2.25% ($25k)Ascent Money Market Savings (rate guarantee through 12/31/2019 - Account review
Chartway Federal Credit Union2.20% ($100) 12-month CD No PenaltyEasy membership See review

Noteworthy Local Deals - Under 1-Year CDs

America First Credit Union3.00% ($500) 6-11 month Regular Certificate 11 Utah, 11 Nevada, 16 Idaho, 2 Arizona, and 1 Oregon counties See review
Utah Community Credit Union3.00% ($500) 9-month CD8 Utah counties See review
Bankers Trust Company2.75% ($1k, base rate) 7-23 month Pick-a-Term CDIowa and Arizona See review
Family First Federal Credit Union2.75% ($500) 8-month CD SpecialMonroe and Wayne Counties, New York See review
Evergreen Bank Group2.75% ($10k) 9-month CD SpecialChicago metropolitan area See review
Belco Community Credit Union2.63% ($500) 5-month CD Special 7 Pennsylvania counties See review
First Peoples Community Federal Credit Union2.60% ($500) 9-month CD Promo3 Maryland, 3 Pennsylvania, and 3 West Virginia counties See review
General Electric Credit Union2.55% ($500) 4-month Share Certificate Special16 Ohio, 5 Kentucky, and 5 Indiana counties See review
Advantage Federal Credit Union2.50% ($500) 5-month Share Certificate SpecialRochester, NY area See review
Kellogg Community Credit Union2.50% ($500) 9-month CD Special15 west Michigan counties See review
Providence Bank2.50% ($2.5k) 9-month CD Special 7 Missouri and 1 Illinois counties See review
Westbury Bank2.45% ($500) 9-month CDEastern Wisconsin See review
Bogota Savings Bank2.20% ($1k) 8-month CDNorthern New Jersey See review
Members Choice Credit Union2.20% ($50k) 9-month Jumbo CDHouston area See review

1-Year CD Rates

State Bank of India (IL)2.89% ($2.5k) 1-year Senior Citizen CD
State Bank of India2.88% ($25k) 12-month Senior Citizen CD See review
Rising Bank2.85% ($1k) 1-year Term CDInternet bank Account review
Limelight Bank2.85% ($1k) 12-month CDInternet bank See review
Banesco USA2.85% ($1.5k) 12-month CDInternet bank See review
Live Oak Bank2.85% ($2.5k) 1-year CDInternet bank Account review
Citizens Access2.85% ($5k min)12-month Online CDInternet Bank Account review
Advancial2.85% ($50k) 1-year Jumbo CertificateEasy membership See review
NASB2.84% ($1k) 12-month Online CD Special See review
First Internet Bank2.81% ($1k) 12-month CDInternet bank See review
USALLIANCE Financial2.80% ($500) 12-month CDAccount review
M.Y. Safra Bank2.80% ($5k) 12-month Online Promo CD See review
CD Bank2.80% ($10k) 12-month CDInternet bank See review
PurePoint Financial2.80% ($10k) 12-month CDInternet bank See review
State Bank of India (IL)2.78% ($2.5k) 1-year Senior Citizen CD
AgFed Credit Union2.75% ($1k) 12-month CDEasy membership See review
SallieMae Bank2.75% ($2.5k) 12-month CDAccount review
TIAA Bank2.75% ($5k) 1-year Yield Pledge CD Internet bank See review
Virtual Bank2.75% ($10k) 12-month eCD See review
Ally Bank2.75% ($25k) High-Yield 12-month CDInternet bank See review
CapitalOne Bank2.70% 12-month 360 CDAccount review
Alliant Credit Union2.70% ($25k) 12-17 month Jumbo Share CertificateInternet bank See review
MutualOne Bank2.68% ($500) 13-month Online CD See review
BankPurely2.65% ($1k) 12-month PurelyCDInternet bank See review
iGObanking2.65% ($1k) 12-month iGOCD See review
Popular Direct2.63% ($10k) 1-year Popular Direct CDInternet bank
PurePoint Financial2.60% ($10k) 13-month No-Penalty CDInternet bank Account review
Vio Bank2.55% ($500) 12-month High Yield Online CD Internet bank See review
The Vanguard Group Brokered CD2.50% (APR) 1-year non-callable CDIssued by SAFB*
Fidelity Brokered CD2.40% (APR) 1-year non-callable CDIssued by EBSB, FVCB, PKWBT, SAFB, VNB*

Noteworthy Local Deals - 1-Year CDs

Home Loan Investment Bank3.15% ($100k) 14-month in-branch CDConnecticut, Massachusetts, Rhode Island See review
Granite Federal Credit Union3.05% ($500) 11-month CDSalt Lake County, Utah See review
BankNorth3.01% ($1k) 14-month CD SpecialSE North Dakota and NE South Dakota
Winchester Savings Bank3.00% ($500) 10-month CDMiddlesex County, MA See review
Foundation Credit Union2.95% 13-month CD Special7 Missouri counties
Rhinebeck Bank2.95% ($2k) 14-month CD SpecialDutchess, Orange, and Ulster Counties, NYSee review
Cross River Bank2.90% ($500) 12-month CDNew Jersey See review
First Florida Credit Union2.89% ($50k) 13-month CD Special29 Florida counties See review
Jefferson Financial Credit Union2.96% ($100k) 12-month Share Certificate6 Louisiana parishes and 6 Alabama counties See review
Wescom Credit Union2.85% ($500) 13-month CD Special7 Southern California counties See review
Hanmi Bank2.85% ($5k) 13-month Gro CD CA, IL, NJ, NY, TX, VA See review
Ocean Bank2.85% ($2.5k) 11-month CD3 South Florida counties See review
3Rivers Federal Credit Union2.85% ($20k) 13-month CD Special7 northeast Indiana counties See review
Centris Credit Union2.84% ($90k) 14-month Jumbo CD3 Nebraska and 1 Iowa counties See review
Navy Army Community Credit Union2.83% ($1k) 13-month CD Special8 South Texas counties See review
Texas Exchange Bank2.81% ($10k) 12-month New Money CDTexas See review
American Eagle Bank of Chicago2.75% ($1k) 14-month New Money Step Up CDCook and Kane Counties, Illinois See review
Dime Community Bank2.45% ($500) 13-month No-Penalty CDNew York State See review

18-month CD Rates

Navy Federal Credit Union3.25% ($50-$50k) 17-month Share Certificate Special Military relationship See review
Veridian Credit Union3.05% ($100k) 18-month Bump-Up Jumbo CDEasy membership Account review
Service Credit Union3.00% ($1k) 18-month CD SpecialMilitary relationship See review
CD Bank3.00% ($10k) 18-month CDInternet bank See review
Hanscom Federal Credit Union3.00% ($1k) 19-month CD SpecialEasy membership See review
Rising Bank2.92% ($25k) 18-month Rising CDAdd-on & Bump-up options, Internet bank Account review
First Internet Bank2.90% ($1k) 18-month CDInternet bank See review
Live Oak Bank2.90% ($2.5k) 18-month CDAccount review
Citizens Access2.90% ($5k min) 18-month Online CDInternet Bank Account review
State Bank of India (IL)2.89% ($2.5k) 15-month CD Special
Advancial2.86% ($50k) 18-month Jumbo CertificateEasy membership See review
Veridian Credit Union2.85% ($1k) 18-month Bump-Up CDEasy membership Account review
AgFed Credit Union2.85% ($1k) 18-month CDEasy membership See review
Limelight Bank2.85% ($1k) 18-month CDInternet bank See review
NASA Federal Credit Union2.80% ($5k) 15-months Share CertificateEasy membership See review
United Bank2.80% ($500) 19-month Flex Up CD25 states See review
Pacific National Bank2.80% ($1k) 18-month Online Promo CD Internet bank See review
Popular Direct2.78% ($10k) 18-month Popular Direct CDInternet bank
CommunityWide Federal Credit Union2.75% ($2k) 18-month Share CertificateEasy membership Account review
Latino Credit Union2.75% ($200k) 18-month Jumbo CD Easy membership See review
The Vanguard Group Brokered CD2.55% (APR) 18-month non-callable CDIssued by NYCM*
Fidelity Brokered CD2.55% (APR) 18-month non-callable CDIssued by NBMA*
Michigan State University Federal Credit Union2.26% (3.36% 5-year Jumbo CD closed after 18 months)Easy membership See review
Ally Bank2.26% (3.10% High Yield 5-Year CD closed after 18 months)See review
Colorado Federal Savings Bank2.19% (3.25% 5-year Certificate closed after 18 months)Internet bank See review

Noteworthy Local Deals - 18-Month CDs

The Farmers Bank (OK)3.25% ($10k) 17-month CD SpecialOklahoma
Foundation Credit Union3.24% 18-month CD Special7 Missouri counties
General Electric Credit Union3.20% ($500) 19-month Share Certificate Special16 Ohio, 5 Kentucky, and 5 Indiana counties See review
Suncoast Credit Union3.20% ($100k) 18-month Jumbo Share Certificate39 Florida counties See review
Sound Credit Union3.19% ($1.9k) 19-month Share Certificate SpecialWashington See review
Atlantic Federal Credit Union3.10% ($500) 19-month CD SpecialEssex and Union Counties, NJ See review
My Community Credit Union3.04% ($75k) 15-month Jumbo Share Certificate SpecialCollin, Ector, and Midland Counties, Texas See review
Members First Credit Union3.01% ($1k) 15-month CD SpecialMichigan See review
FORUM Credit Union3.00% ($500) 18-month CD8 Indiana counties (Indianapolis)
Homeland Credit Union3.00% ($75k) 18-month Jumbo CD9 Ohio counties See review
Elmira Savings Bank3.00% ($500) 19-month CD Special2 Central and 5 Southern Tier NY counties See review
Kellogg Community Credit Union3.00% ($500) 19-month CD Special15 west Michigan counties See review
Cornerstone Federal Credit Union3.00% ($5k) 19-month Regular Certificate SpecialEasy membership for Tennessee and Kentucky See review
CFBank2.95% ($5k) 15-month CD Special Ohio See review
Cross River Bank2.95% ($500) 18-month CDNew Jersey See review
Hanmi Bank2.95% ($5k) 15-month Gro CD CA, IL, NJ, NY, TX, VA See review
Atlantic Federal Credit Union2.90% ($500) 15-month Rate Riser CDEssex and Union Counties, NJ See review
Community First Credit Union2.90% ($10k) 15-month CD Special13 northeastern Wisconsin counties See review
Fairwinds Credit Union2.89% ($10k) 18-month Loyalty Add-On CD12 central Florida counties See review
Homeland Credit Union2.85% ($500) 18-month CD9 Ohio counties See review

2-Year CD Rates

Mountain America Credit Union3.25% ($500) 24-month Term DepositEasy membership See review
Community Financial Services Bank3.19% ($1k) 29-month CD Special See review
State Bank of India (IL)3.14% ($2.5k) 1-year Senior Citizen CD
State Bank of India3.14% ($25k) 2-year Senior Citizen CD See review
CD Bank3.07% ($10k) 24-month CDInternet bank See review
Georgia Banking Company3.00% ($500) 2-year Certificate See review
USALLIANCE Financial3.00% ($500) 24-month CDEasy membership Account review
Greenwood Credit Union3.00% ($1k) 24-month CDEasy membership See review
SallieMae Bank3.00% ($2.5k) 24-month CDAccount review
First Internet Bank2.96% ($1k) 24-month CDInternet bank See review
AgFed Credit Union2.95% ($1k) 24-month CDEasy membership See review
Rising Bank2.95% ($1k) 2-year Term CDInternet bank Account review
Live Oak Bank2.95% ($2.5k) 2-year CDInternet bank Account review
Citizens Access2.95% ($5k min) 2-year Online CDInternet Bank Account review
NASB2.94% ($1k) 24-month Online CD Special See review
M.Y. Safra Bank2.91% ($5k) 24-month Online Promo CD See review
CommunityWide Federal Credit Union2.90% ($2k) 24-month Share CertificateEasy membership Account review
NASA Federal Credit Union2.90% ($10k) 25-months Share CertificateEasy membership See review
Consumers Credit Union2.90% ($100k) 22-month Jumbo CD SpecialEasy membership Account review
Popular Direct2.88% ($10k) 2-year Popular Direct CDInternet bank See review
The Vanguard Group Brokered CD2.60% (APR) 2-year non-callable CDIssued by SMB*
Fidelity Brokered CD2.55% (APR) 2-year non-callable CDIssued by CITI, WFB*
Michigan State University Federal Credit Union2.54% (3.36% 5-year Jumbo CD closed after 2 years)Easy membership See review
Ally Bank2.47% (3.10% High Yield 5-Year CD closed after 2 years)See review
Colorado Federal Savings Bank2.35% (3.25% 5-year Certificate closed after 2 years)Internet bank See review

Noteworthy Local Deals - 2-Year CDs

Ocean State Credit Union3.30% ($1k) 2-year CD SpecialEasy membership, but requires in-branch visit See review
Jefferson Financial Credit Union3.26% ($10k) 24-month Share Certificate6 Louisiana parishes and 6 Alabama counties See review
Members First Credit Union3.26% ($1k) 27-month CD SpecialMichigan
Arsenal Credit Union3.25% ($500) 24-month CDSt. Louis metropolitan area (MO and IL) See review
Kellogg Community Credit Union3.15% ($500) 29-month CD Special15 west Michigan counties See review
Elmira Savings Bank3.15% ($500) 29-month CD Special2 Central and 5 Southern Tier NY counties See review
CFBank3.15% ($5k) 15-month CD Special Ohio See review
Wright-Patt Credit Union3.14% ($100k) 3.04% ($500) 27-month CD Special19 central and southwest Ohio counties See review
BrightStar Credit Union3.10% ($500) 23-month Share CD23 Florida counties See review
Signal Financial Credit Union3.10% ($500) 24-month Winter Wow CD SpecialEasy membership for Maryland, Virginia, and Washington, DC See review
Teachers Credit Union3.09% ($1k) 25-month CD SpecialIndiana and 2 southwest Michigan counties See review
First Advantage Bank3.03% ($10k) 24-month CD SpecialTennessee and Kentucky See review
Union Bank & Trust3.03% ($25k), 2.97% ($1k) 27-month CD SpecialCO, IA, KS, MO, NE, and SD See review
Navigant Credit Union3.00% ($500) 23-month CDRhode Island, Connecticut, Massachusetts Account review
Franklin Mint Federal Credit Union3.00% ($500) 24-month CD Special3 SE Pennsylvania and 1 Delaware counties See review
F&M Bank3.00% ($1k) 24-month My Choice CD7 middle Tennessee counties See review
General Electric Credit Union3.00% ($100k) 2-year Jumbo Certificate Special16 Ohio, 5 Kentucky, and 5 Indiana counties See review
St. Jean's Credit Union3.00% ($500) 25-month CD Special3 Massachusetts counties See review
Blue Hills Bank3.00% ($500) 29-month Flexible CDEastern Massachusetts Account review

3-Year CD Rates

Navy Federal Credit Union3.75% ($50) 40-month IRA Certificate Special Military relationship See review
Mountain America Credit Union3.35% ($500) 3-year Term DepositEasy membership See review
State Bank of India (IL)3.25% ($2.5k) 3-year Senior Citizen CD
Veridian Credit Union3.25% ($100k) 41-month Bump Up Jumbo CD Special Easy membership See review
State Bank of India3.24% ($25k) 3-year Senior Citizen CD See review
State Bank of India (IL)3.14% ($2.5k) 3-year Citizen CD
M.Y. Safra Bank3.06% ($5k) 36-month Online Promo CD See review
AgFed Credit Union3.05% ($1k) 36-month CDEasy membership See review
Citizens Access3.05% ($5k) 36-month CDInternet bank Account review
Popular Direct3.05% ($10k) 3-year Popular Direct CDInternet bank See review
First Internet Bank3.03% ($1k) 36-month CDInternet bank See review
Veridian Credit Union3.05% ($1k) 41-month Bump Up CD Special Easy membershipSee review
Virtual Bank3.01% ($10k) 36-month eCD See review
USALLIANCE Financial3.00% ($500) 36-month CDEasy membership Account review
Rising Bank3.00% ($1k) 3-year Term CDInternet bank Account review
Live Oak Bank3.00% ($2.5k) 3-year CDInternet bank Account review
Connexus Credit Union3.00% ($5k) 36-month Share CertificateEasy membership See review
Salem Five Direct3.00% ($10k) 36-month eCD SpecialAccount review
Rising Bank3.00% ($25k) 3-year Rising CDAdd-on & Bump-up options, Internet bank Account review
Latino Credit Union3.00% ($200k) 36-month Jumbo CD Easy membership See review
Michigan State University Federal Credit Union2.83% (3.36% 5-year Jumbo CD closed after 3 years)Easy membership See review
Fidelity Brokered CD2.75% (APR) 3-year non-callable CDIssued by SMB, WFB*
The Vanguard Group Brokered CD2.75% (APR) 3-year non-callable CDIssued by CITI, SMB, WFB*
Colorado Federal Savings Bank2.74% (3.25% 5-year Certificate closed after 3 years)Internet bank See review
Ally Bank2.69% (3.10% High Yield 5-Year CD closed after 3 years)See review

Noteworthy Local Deals - 3-Year CDs

Money One Federal Credit Union3.60% ($25) 3-year IRAPrince George's County, Maryland See review
Columbia Credit Union3.60% ($100k), 3.55% ($50k), 3.50% ($10k), 3.45% ($500) 30-month CDWashington State and 4 Oregon counties See review
Credit Union One of Oklahoma3.56% ($2.5k-$100k) 35-month Promotional Share Certificate6 Oklahoma counties See review
Northeast Credit Union3.50 ($1k) 35-month Share Certificate New Hampshire and south York County, Maine See review
Unitus Credit Union3.50% ($500) 36-month CDWashington State and 15 Oregon counties See review
Solvay Bank3.50% ($500) 36-month CD Special w/checking6 central New York counties See review
Frontwave Credit Union3.50% ($1k) 3-year Share CertificateRiverside, San Bernadino, and San Diego Counties, California See review
Jefferson Financial Credit Union3.40% ($100k) 36-month Share Certificate6 Louisiana parishes and 6 Alabama counties See review
Neighbors Federal Credit Union3.37% ($1.5k) 36-month Share Certificate9 Louisiana parishes
Franklin Mint Federal Credit Union3.36% ($500) 36-month CDEasy membership for Pennsylvania and Delaware See review
Tinker Federal Credit Union3.35% ($1k) 33-month Special Term Certificate3 Oklahoma counties See review
BrightStar Credit Union3.35% ($500) 35-month Share CD23 Florida counties See review
Atlantic Federal Credit Union3.35% ($500) 37-month CD SpecialEssex and Union Counties, NJ See review
Navy Army Community Credit Union3.33% ($1k) 30-month CD8 South Texas counties See review
Sound Credit Union3.33% ($3k) 33-month Share Certificate SpecialWashington See review
Peoples Bank3.22% ($2.5k) 33-month CDPointe Coupee and East Baton Rouge Parishes, Louisiana See review
Bankers Trust Company3.20% ($1k, base rate) 36-month Anniversary CD PromotionIowa and Arizona See review

4-Year CD Rates

Community Financial Services Bank3.39% ($1k) 49-month CD Special See review
State Bank of India3.34% ($25k) 4-year Senior Citizen CD See review
Connexus Credit Union3.20% ($5k) 42-month Share CertificateRenewals only - Easy membership See review
Main Street Bank (MI)3.15% ($500) 48-month CD See review
AgFed Credit Union3.15% ($1k) 48-month CDEasy membership See review
Popular Direct3.15% ($10k) 4-year Popular Direct CDInternet bank See review
First Internet Bank3.14% ($1k) 48-month CDInternet bank See review
Georgia Banking Company3.10% ($500) 4-year Certificate See review
Home Savings Bank3.05% ($5k) 48-month Internet Only CDAccount review
Latino Credit Union3.05% ($200k) 48-month Jumbo CD Easy membership See review
Michigan State University Federal Credit Union2.98% (3.36% 5-year Jumbo CD closed after 4 years)Easy membership See review
Colorado Federal Savings Bank2.88% (3.25% 5-year Certificate closed after 4 years)Internet bank See review
Fidelity Brokered CD2.85% (APR) 4-year non-callable CDIssued by WFB*
The Vanguard Group Brokered CD2.85 (APR) 4-year non-callable CDIssued by CITI, WFB*
Ally Bank2.80% (3.10% High Yield 5-Year CD closed after 4 years)See review

Noteworthy Local Deals - 4-Year CDs

Bank of Utica3.50% ($500) 4-year to 5-year CD 3 upstate New York counties See review
The Fahey Banking Company3.50% ($500) 48-month CD w/qualifying Kasasa checkingOhio See review
Altura Credit Union3.50% ($1k) 50-month Share Certificate Riverside and San Diego Counties, portions of Orange and San Bernardino Counties
Jefferson Financial Credit Union3.45% ($100k) 48-month Share Certificate6 Louisiana parishes and 6 Alabama counties See review
Tech Credit Union3.45% ($100k) 50-month Jumbo Compound CD4 NW Indiana and 2 NE Illinois counties See review
Neighbors Federal Credit Union3.41% ($1.5k) 48-month Share Certificate9 Louisiana parishes
America First Credit Union3.40% ($500) 48-59 month Regular Certificate 11 Utah, 11 Nevada, 16 Idaho, 2 Arizona, and 1 Oregon counties See review
Cross River Bank3.35% ($500) 48-month CDNew Jersey See review
First Service Credit Union3.35% ($50k), 3.25% ($1k) 48-month CertificateFort Bank, Harris, and Waller Counties, Texas See review
Tech Credit Union3.33% 50-month Premium Compound CD4 NW Indiana and 2 NE Illinois counties See review
Fairwinds Credit Union3.30% ($10k) 44-month Loyalty Add-On CD12 central Florida counties See review
Lewis Clark Union3.26% 48-month Share Certificate4 Idaho and 3 Washington counties See review
P1FCU3.25% ($500) 48-month Share Certificate12 Idaho and 2 Washington counties See review
Rocky Mountain Credit Union3.25% ($1k) 48-month Share Certificate8 southwest Montana counties See review

5-Year CD Rates

Mountain America Credit Union3.51% ($500) 5-year Term DepositEasy membership See review
Mountain America Credit Union3.51% ($100k max) 5-year Term Deposit Plus (unlimited additional deposit)Easy membership See review
Utah First Credit Union3.50% ($500) 60-month CDEasy membership
State Bank of India (IL)3.45% ($2.5k) 5-year Senior Citizen CD
State Bank of India3.44% ($25k) 5-year Senior Citizen CD See review
Michigan State University Federal Credit Union3.36% ($100k) 5-year Jumbo CDEasy membership See review
INOVA Federal Credit Union3.25% ($200) 5-year IRAEasy membership See review
Colorado Federal Savings Bank3.25% ($5k) 60-month CDInternet bank See review
First Internet Bank3.25% ($1k) 60-month CDInternet bank See review
Georgia Banking Company3.20% ($500) 5-year Certificate See review
Popular Direct3.20% ($10k) 5-year Popular Direct CDInternet bank See review
Latino Credit Union3.15% ($200k) 60-month Jumbo CD Easy membership See review
The Vanguard Group Brokered CD2.95% (APR) 5-year non-callable CDIssued by CITI, WFB*
Fidelity Brokered CD2.95% (APR) 5-year non-callable CDIssued by WFB*

Noteworthy Local Deals - 5-Year CDs

Bank of Utica4.00% ($500) 5-year CD 3 upstate New York counties See review
The Fahey Banking Company4.00% ($500) 60-month CD w/qualifying Kasasa checkingOhio See review
First Guaranty Bank3.75% ($500) 5-year CD Special9 Louisiana parishes and 5 Texas counties See review
The Harbor Bank of Maryland3.71% ($1k) 60-month IRA SpecialDE, MD, NJ, PA, VA, WV, and DC See review
Alaska USA Federal Credit Union3.70% ($250k), 3.55% ($100k), 3.45% ($50k), 3.35% ($25k), 3.30% ($10k) 60-month CDAlaska, Washington, San Bernardino County (CA), Maricopa County (AZ) See review
Jefferson Financial Credit Union3.61% ($100k) 60-month Share Certificate6 Louisiana parishes and 6 Alabama counties See review
Shell Federal Credit Union3.60% ($50k), 3.55% ($500), 3.45% ($50k) 60-month Share CertificateHarris County, Texas See review
Neighbors Federal Credit Union3.57% ($1.5k) 60-month Share Certificate9 Louisiana parishes
The Harbor Bank of Maryland3.56% ($1k) 60-month CD SpecialDE, MD, NJ, PA, VA, WV, and DC See review
Texas Bay Credit Union3.56% ($50k) 60-month Jumbo CertificateGreater Houston metro area See review
America First Credit Union3.50% ($500) 60-month Regular Certificate 11 Utah, 11 Nevada, 16 Idaho, 2 Arizona, and 1 Oregon counties See review
Rocky Mountain Credit Union3.50% ($1k) 60-month Share Certificate8 Montana counties See review
Enrichment Federal Credit Union3.50% ($2.5k) 59-month Share Certificate Special 8 Tennessee counties See review
Knoxville TVA Employees Credit Union3.50% ($2.5k) 60-month Certificate Special (new money)8 east Tennessee counties See review
Knoxville TVA Employees Credit Union3.40% ($2.5k) 60-month Certificate Special (not new money)8 east Tennessee counties See review
Texas Bay Credit Union3.35% ($1k) 60-month CertificateGreater Houston metro area See review
Lewis Clark Union3.35% 60-month Share Certificate4 Idaho and 3 Washington counties See review
P1FCU3.35% ($500) 60-month Share Certificate12 Idaho and 2 Washington counties See review
Pelican State Credit Union3.30% ($500) 60-month CDEasy membership for AR, LA, MS, and TX See review

Over 5-Year CD Rates

First National Bank of America3.55% ($1k) 84-month Time CD
INOVA Federal Credit Union3.50% ($200) 6-year IRAEasy membership See review
Andrews Federal Credit Union3.45% ($1k) 84-month Share CertificateEasy membership See review
Northrop Grumman Federal Credit Union3.38% ($40k) 84-month Bonus Term CDEasy membership See review
Signal Financial Credit Union3.35% ($500) 72-month Share Certificate Easy membership See review
Navy Federal Credit Union3.35% ($100k), 3.25% ($50k) 3.10% ($1k) 7-year CDMilitary relationship See review
Navy Federal Credit Union3.30% ($100k), 3.20% ($50k) 3.05% ($1k) 6-year CDMilitary relationship See review
INOVA Federal Credit Union3.25% ($200) 6-year CDEasy membership See review
AFFCU (formerly Air Force Federal Credit Union)3.20% ($2.5k) 7-year CD Easy membership See review
M.Y. Safra Bank3.20% ($5k) 72-month Online Promo CD See review
Fidelity Brokered CD3.20% (APR) 10-year non-callable CDIssued by CITI*
The Vanguard Group Brokered CD3.20% (APR) 10-year non-callable CDIssued by CITI*
Marcus by Goldman Sachs3.15% ($500) 6-year High Yield CD
KS StateBank3.15% ($500) 7-year CD See review
Apple Federal Credit Union3.15% ($500) 120-month CD
The Vanguard Group Brokered CD3.10% (APR) 7-year non-callable CDIssued by CITI*
Fidelity Brokered CD3.10% (APR) 7-year non-callable CDIssued by CITI*

Noteworthy Local Deals - Over 5-year CDs

First Community Credit Union3.75% ($500) 72-month CD5 Missouri and 3 Illinois counties Account review
Lebanon Federal Credit Union3.60% ($500) 66-month CD SpecialLebanon County, Pennsylvania
Eaton Federal Savings Bank3.39% ($500) 7-year CD5 Central Michigan counties
Credit Human (formerly San Antonio Federal Credit Union)3.35% ($1k) 120-month Share CertificateSan Antonio, TX
Randolph-Brooks Credit Union3.30% ($1k) 84-month CDSan Antonio and Austin, TX, relationship to Randolph Air Force Base
Fairfax County Credit Union3.30% ($2.5k) 72-month Share CertificateFairfax County, Virginia Account review
Gesa Credit Union3.25% ($500) 84-month CertificateWashington State Account review
Roselle Savings Bank3.25% ($1k) 84-month CD7 Northern New Jersey counties
Security Service Federal Credit Union3.25% ($50k), 3.20% ($25k), 3.15% ($500) 7-year CDSelect areas in Texas, Colorado, and Utah

*BMNA (Bank NY Mellon NA), BoA (Bank of America), CBRI (Citizens Bank), CITI (Citibank), EBSB (East Boston Savings Bank), F3rdB (Fifth Third Bank), FVCB (FVCBank), IBLA (Iberiabank Louisiana), LBS&L (Luther Burbank Savings & Loan), MAB (Mabrey Bank), MFB (MidFirst Bank OK), MRBI (Merchants Bank of Indiana), MZTB (Mizrahi Tefahot Bank), NBMA (Needham Bank MA), NYCM (New York Community Bank), PKWBT (Parkway B&T, IL), SAFB (Safra Bank), SANT (Santander Bank NA), SBoI (State Bank of India), SEB (Southeast Bank), SLSB (Shell Lake State Bank), SMB (SallieMae Bank), SNB (Seacoast National Bank), VNB (Valley National Bank), WFB (Wells Fargo Bank), WKFB (Wakefield Co-Operative Bank)

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

Andrews Federal Credit Union3.25% ($1k) 6-month Military Saves Week CD (Feb 25/Mar 2)Easy membership See review
Hyperion Bank3.20% ($500) 13-month CDSee review
Ally Bank2.85% (no minimum) 14-month Select CDInternet bank See review
Hyperion Bank3.50% ($500) 19-month CDSee review
Greylock Federal Credit Union3.10% ($500) 25-month Opportunity CDEasy membership See review

CDs Removed, No Longer Available - Local

Evergreen Bank Group2.50% ($10k) 7-month CD SpecialChicago metropolitan area See review
Ocean Bank2.35% ($2.5k) 9-month CD2 South Florida counties See review
Royal Bank3.14% ($1k) 11-month CD SpecialChicago metropolitan area See review
Goldenwest Credit Union3.05% ($500) 11-month CD6 Utah counties See review
Passumpsic Bank2.90% ($10k min/$100 max) 13-month CD SpecialNew Hampshire and Vermont See review
Freedom Credit Union3.50% ($500) 18-month Promo CertificateEasy membership for DE, MD, NJ, PA, VA, WV, and DC See review
Space Coast Credit Union3.29% ($500) 15-month CD24 Florida counties See review
Grow Financial Federal Credit Union3.35% ($1k), 3,39% ($500) 15-month Grow CertificateEasy membership for FL, NC, SC; military relationship See review
Centris Credit Union3.41% ($90k) 40-month Jumbo CD3 Nebraska and 1 Iowa counties See review

CDs Removed, Rate Too Low - National

Connexus Credit Union2.50% ($5k) 12-month Share CertificateEasy membership See review
PenFed Credit Union2.50% ($1k) 12-month Money Market CertificateEasy membership Account review
PenFed Credit Union2.60% ($1k) 18-month Money Market CertificateEasy membership Account review
PenFed Credit Union2.55% ($1k) 15-month Money Market CertificateEasy membership Account review
Advancial2.87% ($50k) 2-year Jumbo CertificateEasy membership See review
Latino Credit Union2.85% ($200k) 24-month Jumbo CD Easy membership See review
Connexus Credit Union2.70% ($5k) 24-month Share CertificateEasy membership See review
NASA Federal Credit Union2.95% ($10k) 49-months Share CertificateEasy membership See review
Connexus Credit Union3.00% ($5k) 60-month Share CertificateEasy membership See review
INOVA Federal Credit Union3.00% ($200) 5-year CDEasy membership See review
Mercantil Bank3.20% ($500) 60-month Online CDFlorida and Texas See review
PenFed Credit Union3.05% ($1k) 7-year Money Market CertificateEasy membership See review

CDs Removed, Rate Too Low - Local

Pelican State Credit Union2.53% ($500) 12-month CDEasy membership for AR, LA, MS, and TX See review
My Community Credit Union2.79% ($1k) 15-month Share Certificate SpecialCollin, Ector, and Midland Counties, Texas See review
TruWest Credit Union2.75% ($500) 19-month Investment CD Special4 Arizona and 2 Texas counties See review
Pelican State Credit Union2.63% ($500) 24-month CDEasy membership for AR, LA, MS, and TX See review
TruMark Financial Credit Union3.05% ($75k) 36-month Jumbo CD5 SE Pennsylvania counties See review
Pelican State Credit Union3.04% ($500) 36-month CDEasy membership for AR, LA, MS, and TX See review
Sharon Bank3.00% ($5k) 39-month Promotional CDDelaware County (PA) and greater Philadelphia metro area See review
Gulf Coast Credit Union2.99% ($500) 36-month Share Certificate SpecialJim Wells, Nueces, and San Patricio Counties, TX See review
Pelican State Credit Union3.20% ($500) 48-month CDEasy membership for AR, LA, MS, and TX See review
TruMark Financial Credit Union3.10% ($75k) 48-month Jumbo CD5 SE Pennsylvania counties See review

Post Publication Edits

3/13/2019: SallieMae Bank 24-month CD rate raised.

Related Pages: money market accounts, 1-year CD rates, 5-year CD rates, IRA CD rates, nationwide deals, Internet banks
Comments
Robb
Robb   |     |   Comment #1
The Mountain America 5 year 3.51% and Navy IRA 40 Month 3.75% add-on deals look like the best bets in terms of rate insurance in an uncertain rate environment. Surprised they have lasted this long given the steep fall in the 10 year note from 3.25% last quarter to 2.60% at present.
Bill Barr
Bill Barr   |     |   Comment #2
How many Mountain America add-on deals is one allowed to buy?
The End
The End   |     |   Comment #3
I was told one to a customer. But the phone rep didn't sound too sure.
nickles & dimes
nickles & dimes   |     |   Comment #5
as many as you want
but all combined can not be over 100K
deplorable 1
deplorable 1   |     |   Comment #17
You can get 2 if you have a wife or SO. Also they have a youth 5 yr. CD with $10,000 per year add-on $100,000 max @ 3.75%. The only way to max it out would be to open it with $50,000 though. The youth CD does not count against the term deposit plus $100,000 cap either.
ddbrege
ddbrege   |     |   Comment #19
Deplorable, incorrect! Nickles & Dimes was accurate in a nutshell. I'm single and have a five, a three and a two year term deposit+. There is a 100K max for the term deposit+ accounts. Please double check before you spew information that is wrong.
deplorable 1
deplorable 1   |     |   Comment #20
The YOUTH account is NOT a term deposit plus account. That is why it doesn't count towards the $100,000 cap. I asked this question twice and got the same answer from 2 CSR's. Now why don't YOU go check your facts and stop trying to slam me for whatever reason.
#21 - This comment has been removed for violating our comment policy.
ddbrege
ddbrege   |     |   Comment #23
If you'll re-read what I wrote please, I never mentioned anything about the YOUTH account. I was simply correcting the information that you wrote that was incorrect. A person can have as many term deposit accounts as he or she wants...as long as all total a maximum of 100K.
deplorable 1
deplorable 1   |     |   Comment #24
@ddbrege: I was just stating that with 2 people you can have up to $200,000 in term deposit plus accounts and a additional $100,000 with a youth term deposit. Now how is that information wrong or off topic? I thought it might be useful information to post that the $100,000 cap for term deposit plus accounts is per person vs. per household and that the youth term deposit does not count towards that cap. Sorry for trying to be helpful my apologies.
ddbrege
ddbrege   |     |   Comment #25
The ORIGINAL question was "How many Mountain America add-on deals is one allowed to buy?" So your answer "You can get 2 if you have a wife or SO." is simply WRONG! Not sure what part of that you don't understand, but you obviously will never admit to making a mistake. DONE!
#26 - This comment has been removed for violating our comment policy.
deplorable 1
deplorable 1   |     |   Comment #29
Sure you can have more than one term deposit plus account but the max for all combined accounts is still capped at $100,000 per person. This being the case why wouldn't you just go for 1 5 yr. with the highest interest rate of 3.51% for long term rate insurance? No reason to get angry or insulting about it. My guess is that you don't agree with my politics but I wasn't making a political statement here. You know you can disagree with someone politically without insulting them personally.
Newbie1
Newbie1   |     |   Comment #41
D1. Why more than one? I am not ddbrege but.... “Options”
NYCDoug
NYCDoug   |     |   Comment #32
Herewith some questions for our MACU mavens, since I've been unable to get through to, or get a direct answer from, MACU itself.

(My calls are taken by their "overflow" unit, which paraphrases as best they can, to forward to the actual CSRs, which then yields generic info on a return voice mail, as well as "no-reply" emails in their secure mail system -- to which I cannot respond in turn, and thus cannot have an informed dialogue with those in the know).

First Question(s): I understand there is a $100k combined limit for my Term Deposit Plus accounts (I have two, both 60-month: an older 3.25% APY and the latest 3.51% APY). Does this limit take into account my $10 monthly contributions to each? And what about the interest? Am I actually limited to $100,000 – $1,200 (60 months of $10 for each account) = $98,800? Or even less, due to accrued and to-be-accrued interest? What are the limits of this limit?

Next Question(s): What is the best way to get my $100k (or less; due to limits) into my 3.51% Term Deposit Plus account in, say, June (when another CD matures elsewhere) . . . ? Can I ACH the entire amount, as a "pull" initiated at MACU, into my MACU Primary Savings account? (And then transfer to the 3.51% account.) Or does MACU have limits here as well -- daily or monthly -- that will foil my $100k funding initiative? Would a "push" from a linked external account work instead? Or, rather than a costly wire transfer, is it better I visit a Shared Branch, and transfer money up to my MACU Primary Savings account that way?

Anyone out there have any insight into, or add-on experience with, the add-on process as it pertains to MACU's Term Deposit Plus CDs?
ddbrege
ddbrege   |     |   Comment #33
Good morning NYCDoug...I can answer your "next question" from my past experience and from what I encountered as far as the ACH transfers. I have used MACU to pull funds from an external source and it has always been much slower than pushing from my external bank, one day vs three days pulling. The most recent information I can provide about MACU limits are $25K/day and $35K/week using them to pull your funds. While I don't have info on where you may be pushing the transfer from...I just recently pushed $15K to MACU, initiated one day and deposited on the next day. In my first example where I used MACU to initiate the transfer it did not go into my term deposit plus accounts as I had designated from my account page. Instead it went to my Primary Savings account and I called immediately and asked why. I didn't really get an answer, but the CSR immediately moved it for me to the corresponding term deposit plus accounts.

As far as your question about the required $10 per month automatic deposits my question to a CSR went unanswered and she said they would call me. I have not received a call. My opinion...for what that is worth...is that the $100K term deposit plus limit cannot include the auto monthly deposit or the earned interest...but again that is only my opinion/interpretation. Hope this helps.
ddbrege
ddbrege   |     |   Comment #35
NYC Doug...I re-read what I wrote about the auto deposits and the earned interest and realized that is probably as clear as mud. I knew what I was trying to convey to you, but it didn't come out quite right in what I wrote. If you would like me to possibly clarify a little more in depth and how that has been in my past experiences I would be happy to write again later today or tomorrow.
anonymous
anonymous   |     |   Comment #36
NYCDoug: As to interest retained in Term Deposit Plus accounts:

According to MACU's truth in savings disclosure for Term Deposit Plus accounts:
"Dividends may be credited to the term deposit account monthly becoming part of the principal balance and are not eligible for withdrawal."

Additionally:
"Transaction Limitations - After the term deposit is opened, additional deposits can be made to the term deposit at any time with the maximum of $100,000 on deposit in any one or combination of, Dedicated Savings Accounts per primary account holder."

The way I read it (which may not be MACU's view) is that interest retained in Term Deposit Plus accounts is "part of the principal balance", is "on deposit", and therefore counts toward the $100,000 limit.
ddbrege
ddbrege   |     |   Comment #38
To anonymous...thank you for the clarification from the MACU website. That was my interpretation as well, but what if you max out your Term Deposit Plus accounts at 100K and still have 2, 3, or 4 or more years that remain of your original term. Does the automatic monthly deposit stop. The accrued interest surely wouldn't stop and if as you describe from the MACU website the interest is not eligible for withdrawal does the Term Deposit Plus account then simply become a regular Term Deposit Account? I'd definitely be interested in finding all that out so will probably have to call them soon myself. Thanks!
Newbie1
Newbie1   |     |   Comment #40
@ dd. My understanding is the automatic payments stop, but the interest continues to accrue.
A question I have is if the 100k maximum resets, and can be applied to another or other existing TD+. Theoretically it should since the maxed out TD+ is now a regular TD.
ddbrege
ddbrege   |     |   Comment #45
That scenario certainly makes sense and would be nice. I'm not sure who is going to be able to get an answer that we can all rely on as being the correct one, but I will try later this week and write to let everyone know I make out. None of this would really apply to me for quite some time only because I have older regular term accounts mixed in along with the three Term Deposit + accounts that I had to stagger maturity dates with to stay under the NCUA coverage amounts. Who knows what they might be offering by then...hopefully better rates, but I'm content with the add-on accounts and what they are offering now after dealing with a full decade of hardly any interest at all on new money.
ddbrege
ddbrege   |     |   Comment #46
UPDATE: The following was copied and pasted from the MACU membership agreement...however, it does state that it can be changed at any time so for now I'll post this: Transfer limits- For your security, Mountain America Federal Credit Union has established limits on the amount of funds and transactions that can be transferred during any one day. External Transfers are currently limited to a daily aggregate of $7500.00 for External Transfers to and from Eligible External Transfer accounts. In addition, the Credit Union will process up to 10 External Transfer transactions per account per day. Limitations on aggregate or individual transfer transaction amounts may be changed at any time without notice.

Also found this paragraph which anonymous included most of in his previous post:
Term Deposit Plus Compounding and Crediting - Dividends may be credited to the term deposit account monthly becoming part of the principal balance and are not eligible for withdrawal. Alternatively, at the time of opening, you may request to have dividends paid to you in the form of a transfer to another share or to a different account monthly rather than credited to this term deposit account. Choosing to have dividends paid to you monthly will reduce earnings. The annual percentage yield is based on the assumption that dividends will remain in the term deposit account until maturity
But I do know for a fact that they limited me to transferring $25K daily and $35K weekly just two weeks ago using MACU to initiate the transfer. Just last week I transferred $15K from my hub account which took one day. I got online the following morning and moved that $15K to the appropriate Term Plus accounts immediately. IMO much better and faster to do it that way if you have a good hub account.
deplorable 1
deplorable 1   |     |   Comment #37
I have the same exact questions as NYC. As far as the $100,000 limit for term deposit plus accounts I believe this only refers to the deposits and not the accumulated interest of those deposits. So the $10 monthly deposits will most likely count towards the $100,000 cap but the accumulated interest should not. I will be calling them next week to verify the ACH limits as well.
Robb
Robb   |     |   Comment #42
@D1 Would appreciate it if you could post an update on the ACH limits both in and out I was going to call as well. I plan to transfer a maturing CD there via ACH in August unless a better deal comes along.
deplorable 1
deplorable 1   |     |   Comment #43
Sure I'll post back on Monday. The information I post will only be as good as the CSR I get it from though. I'm not sure why but I have gotten bad information from many credit union CSR's lately. Most recently from Andrews on external ACH push limits.
#44 - This comment has been removed for violating our comment policy.
Milty
Milty   |     |   Comment #47
For me the easiest, fastest way to transfer funds involving a credit union is to use shared branching, not ACH. Of course this does involve having access to a second credit union, where both credit unions participate. Am not sure if these transactions can be conducted over the phone, but i have access to a local CU that participates with MACU.
larry
larry   |     |   Comment #48
Comment #47 Good point being the easy way, but not for me since I they freaked out when I told them it would be a check for $250k. She goes well, for something that large we would need to go through the channels for verification by calling the other cu. And since it's a small cu I'll bet the word would be spread all over town that so and so wrote a big check. So it's either ACH or snail mail(registered).
#49 - This comment has been removed for violating our comment policy.
Milty
Milty   |     |   Comment #50
i've only transferred funds ($100K transactions) already at the source CU to the target CU via shared branching, no problems. If you're depositing a bank check from another institution then I can see where the source CU would either want to put a hold on the check or verify the check with the other institution first, which should be able to be done via a phone call.
deplorable 1
deplorable 1   |     |   Comment #51
Ok guys here is the deal. The ACH limits for transfers initiated at MACU are as follows:
Daily $25,000
Weekly $35,000
Monthly $50,000
ACH initiated at a external 3rd party bank their limits would apply.
Now as far as the $100,000 cap for the term deposit plus accounts all the deposits count towards the cap including the $10 monthly deposits but the accrued interest does not. Once the account reaches the $100,000 cap the $10 automatic deposits get bounced into the savings account until you cancel them. The account is still called a term deposit plus account at that point but no more deposits are allowed so it is essentially a regular term deposit account from that point on but with a $100,000 cap.
#52 - This comment has been removed for violating our comment policy.
deplorable 1
deplorable 1   |     |   Comment #54
Another thing that may be of use for folks thinking about opening a second MACU account. It seems that the account opening process is much faster. When I opened a account for my wife based on my membership she had her new account number and the account was funded instantly. She has online access and so far no documents have been requested.
larry
larry   |     |   Comment #55
d1 (Comment #51) "ACH initiated at a external 3rd party bank their limits would apply." What exactly does this mean...Ally, Discover, CapOne limits applies and not MACU?
deplorable 1
deplorable 1   |     |   Comment #56
@larry: Yes correct. The limits of the other FI would apply for a external ACH push not initiated at MACU. I knew I should have rephrased that as soon as I typed it to make it more clear.
Robb
Robb   |     |   Comment #59
Thanks D1 much appreciated!
Newbie1
Newbie1   |     |   Comment #39
@NYCDoug
Q.1: I agree with analysis of poster due to the language in the truth in savings document. Also, someone posted a while back that once the balance of a term deposit plus reaches $100K it converts to a regular term deposit.
Q.2: Push it. Once in you share savings it is easy to make an immediate transfer using online banking or by calling or chatting with a CSR. Make sure you have a mobile phone number on file to receive a security code if using chat to avoid answering security questions — saves some time.
ddbrege
ddbrege   |     |   Comment #57
NYCDoug...comment #32 and others that may be interested. I got a response in writing from MACU confirming some of what has been written within this blog by myself and others. Here is an edited version of what I received:

Transaction limits for accounts initiated with MACU:
Per transaction - $25,000
Daily - $25,000
Weekly - $35,000
Monthly - $50,000

The limits for youth accounts are different from all other accounts.

Youth/child accounts are:
Per transaction - $500
Daily - $500
Weekly - $500
Monthly - $1,500

I hope this information is helpful for you. Keep in mind the transfers take 2-3 days to clear.

To answer your other question about the Term deposits + accounts. If you reach the $100K limit you will still earn interest however automatic deposits will stop and you will not be allowed to deposit to the account. If you are a primary member (meaning you are first on the account or the only person on the account) on both of the accounts you are not able to have a Term Deposit plus on both accounts if the amounts are more than $100K together. On a regular Term Deposit you can have as much as you want in them and have multiple.
NYCDoug
NYCDoug   |     |   Comment #58
@ddbrege & deplorable 1: Bravo for your patient persistence, thoughtful research, and generous sharing -- I am most grateful! for the information! Thank you both!
Human
Human   |     |   Comment #4
It appears the First Guaranty Bank has removed the 5 year CD rate of 3.75% from its website, but still offering the variable 5 year CD of 3.5%.
Cash Flow
Cash Flow   |     |   Comment #27
I was just about to go to LA to see family and open one of the 3.75% deals as they require on site opening. Less inclined with 3.5%.
buckeye61
buckeye61   |     |   Comment #6
Sallie Mae Bank increased their 24-Month CD rate to 3.00% this morning.
btv
btv   |     |   Comment #7
The keesler 19 month at 3% is starting to look a bit better to those who cannot join Navy Fed. I might buy a small amount of it and wire the rest out.
Att
Att   |     |   Comment #8
Or you can go Mountain America at 3.25% for 2 year with the option of an add on with conditions.
willy12
willy12   |     |   Comment #9
Am considering that too. But, I think someone mentioned they were rejected for too many chexsystem inquiries. I have a lot of new accounts over the last years. Thats one reason I have not joined or looked into it closer.
Cash Flow
Cash Flow   |     |   Comment #10
I have opened a ton of accounts too and had zero issue opening at Mountain America very recently. Don’t wait if you like the deal.
Milty
Milty   |     |   Comment #30
Am out of state and had no problems opening an account at MACU.
123654
123654   |     |   Comment #31
willy12,
I just opened a new account at a credit union, and everything seemed to go fine with it except they would not complete the membership until I explained why I had so many new accounts opened in the last year. They said my Chexsystem report was fine except for the large number of accounts. I told them that I took the opportunity to open the several new accounts because rates rose all last year, and that I was just trying to get the best interest rate wherever it presented itself. They were fine with that explanation and opened my new account.

I thought this might help if you were worried about too many accounts because I was too, until now. I still wonder how many accounts is too many?...….I read a few posts here that indicated 12 new accounts are borderline too many, and that each bank/cu decides that number for themselves.
Milty
Milty   |     |   Comment #34
Must admit, when it comes to opening accounts, I've been put through the identity-check ringer but have not yet be asked why I have so many accounts (must be close to a dozen by now). However, just like you, i am also just trying to get the best interest rate wherever it presents itself (with much thanks to Ken's DA), and if only enough folks would do that maybe our local banks would wake up. In the meantime if I end up with dozens of accounts, so be it.
Scott
Scott   |     |   Comment #11
I have been happy with only ally and purepoint over the past couple years. Maybe you millionaires benefit from seeking out the tip top rates at some riskier banks, but for no-risk and ease of use with transfers and access, they haven't disappointed.
RZ
RZ   |     |   Comment #12
What risks are you referring to if one is cognizant of FDC insurance limits? Hyperion is offering 3.0% for 24mo, Columbia 3.6% for 30mo and Ally 2.75% for 36mo. If you had $250K to invest would you still choose Ally?
Scott
Scott   |     |   Comment #13
For anything other than specials or 1 or 5 yr, I would go purepoint over ally right now. Risk (to me) of not having to deal with whatever is required to get your money back from FDIC if a bank fails, and some hefty ETF and transfer fees (and more effort) at some of these rate leader banks. And who knows what is guaranteed anymore in the current political climate. Even at $250k, we're only talking about $1k/yr difference, but I don't even have that much in CDs. For some, convenience and simplicity/consolidation of accounts is worth the loss in interest.
RZ
RZ   |     |   Comment #14
Many banks have failed in the past although much less common since 2008. Have you ever heard of anyone losing money that was FDIC insured? Actually we are talking about a $2500/yr difference or $7500 if looking at the 3 yr term. I am fairly well off but $7500 is not insignificant to me particularly if the effort is only a few minutes typing an application on a computer, but to each their own.
Robb
Robb   |     |   Comment #15
@RZ I'm with you too. I typically look at what the payoff will be comparing the two CD's/rates and the anticipated time put into the effort. Typically if I come out 1k or better ahead then I will move a regular CD to another institution knowing that it typically ties up parts of two days to get a deal done and sometimes longer if float is involved. When it comes to IRA CD's it typically would take much more incentive as much more paperwork/time is typically involved.
Jean
Jean   |     |   Comment #22
I like the Purepoint no penalty 13 month cd. I will use it like a savings account.
Anonymous
Anonymous   |     |   Comment #16
Must have missed something --- Columbia 3.6% for 30 mo. --- is this a bank or credit union and what state it is located in? Would like to check it out. Thanks.
willy12
willy12   |     |   Comment #18
Residents of Washington State and four northwest Oregon counties.

https://www.depositaccounts.com/banks/columbia-community-cu/offers/
Cash Flow
Cash Flow   |     |   Comment #28
Hi Scott. I love Ally ease of use for sure but rates just are not competitive. I have been too lazy for too long not being more aggressive on rates and it has cost me dearly. As I near retirement the cash flow is more critical. The differences really add up.
#53 - This comment has been removed for violating our comment policy.

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