CD Rates Summary - February 16, 2021

When February started, the CD summary listed no rate cuts from the major online banks. I’m afraid that wasn’t repeated. In the last two weeks, CD rate cuts occurred at Synchrony Bank and at Sallie Mae Bank. Synchrony Bank’s cuts were small, with no rate cut on its 5-year term. Sallie Mae Bank’s cuts were larger with its 5-year CD rate falling 15 bps to 0.45%.
Not all of the rate changes were cuts at the major online banks. TIAA Bank increased its CD rates in the last two weeks. The rates moved from below average to just above average. The 5-year rate is now 0.80% and the 1-year rate is now 0.50%.
Also noteworthy is a new limited-time 15-month Select CD at Ally Bank (0.65%). This rate is 5 bps higher than Ally’s 12-month and 18-month rate (0.60%).
Surprisingly, there were quite a few credit unions that did mid-month CD rate cuts. I listed more rate cuts today than I did two weeks ago when February started. Five of the credit unions that had been offering long-term CD rates above 1% had cuts that lowered their rates closer to 1%. One of the credit unions, Quorum, cut its 5-year rate far below 1% to 0.65%. It’s the first time Quorum’s 5-year CD rate has fallen below 1.00% since we began tracking Quorum in 2010. PenFed lowered its CD rates by 5 bps. Its 5-year CD rate is now 0.70%, which is 45 bps lower than the pre-2020 low of 1.15% in 2013.
We gained one 1% CD at a credit union. USALLIANCE Financial launched five new Certificate Specials with terms of 2-year (1.00%), 18-month (0.95%), 1-year (0.85%), 11-month no-penalty (0.55%) and 9-month (0.50%). These rates are much higher than USALLIANCE Financial’s standard CDs with the same terms.
It’s not quite 1%, but GreenState Credit Union’s 17-month and 8-month CD Special rates are close. Early in February, GreenState raised these rates to 0.85% and 0.80%, respectively.
Noteworthy CD rate changes from two weeks ago are included below (All percentages are APYs).
I’ve separated them into three groups: 1) the popular banks, 2) the less well-known banks that have been rate leaders, and 3) the credit unions with easy membership requirements.
Popular Online Banks:
- TIAA Bank (5yr 0.65% → 0.80%, 1yr 0.35% → 0.50%)
- Ally Bank (15m Select 0.65% - new)
- Synchrony Bank (4yr 0.70% → 0.65%, 1yr 0.60% → 0.55%)
- Sallie Mae Bank (5yr 0.60% → 0.45%, 1yr 0.50% → 0.45%)
Less well-known banks that have been rate leaders in the past:
- MutualOne FCU (61m 0.90% → 0.70%, 18m 0.75% → 0.50%, 1yr 0.65% → 0.60%)
- Comenity Direct (1yr 0.60% → 0.63%)
- Banesco USA (2yr 0.60% → 0.50%, 1yr 0.70% → 0.40%)
- Popular Direct (1yr 0.30% → 0.25%)
Credit unions that have easy membership requirements:
- Hiway FCU (5yr 1.35% → 1.25%, 1yr 0.80% → 0.75%)
- Financial Partners CU (5yr Jbo 1.30% → 1.25%, 1yr Jbo 0.65% → 0.60%)
- Evansville Teachers FCU (6yr 1.20% → 1.15%, 5yr 1.15% → 1.04%, 1yr 0.70% → 0.60%)
- Greenwood CU (5yr 1.10% → 1.00%, 1yr 0.75% → 0.60%)
- AFFCU (7yr 1.15% → 1.00%, 5yr 0.95% → 0.80%, 1yr 0.75% → 0.60%)
- GreenState CU (17m Spc 0.70% → 0.85%, 8m Spc 0.65% → 0.80%)
- USALLIANCE Financial CU (5yr 0.90% → 0.85%, 18m 0.70% → 0.95%, 1yr 0.70% → 0.85%)
- PenFed CU (7yr 0.80% → 0.75%, 5yr 0.75% → 0.70%, 1yr 0.50% → 0.45%)
- Spectrum CU (5yr 0.85% → 0.75%, 1yr 0.75% → 0.65%)
- Latino CU (5yr 0.95% → 0.65%, 1yr 0.75% → 0.50%)
- Quorum FCU (5yr 1.01% → 0.65%, 1yr 0.50% → 0.40%)
Brokered CD Rates
Early in January, there were substantial rate gains on long-term brokered CDs. Gains didn’t continue at the start of February, but there were a few today. The top 5-year non-callable CD rates at Fidelity and Vanguard were 0.65% and 0.60%, respectively. Both had a rate of 0.45% two weeks ago. There were also modest rate gains on the top 4-year CDs. The top 10-year non-callable CD rate continues to be 1.35% at both Fidelity and Vanguard.
For the last year, all of the top non-callable brokered CD rates were well below the top direct CD rates for their respective maturities. That has now changed. A 10-year brokered CDs listed at Vanguard and Fidelity (1.35% APY) now top the list of nationally-available CDs with terms of six years and longer.
For short-term brokered CDs with terms of 1-year and under, rates remain very low. At both Fidelity and Vanguard, the top rates were either 0.05% or 0.02%.
The callable feature gives the bank the right to redeem a CD early. That can save the bank money when interest rates fall. However, the CD holder loses out if rates fall and the CD is called early. When banks offer more callable long-term CDs, it’s a sign that they think rates are heading down. When the number of callable long-term CDs decline, banks may think rates have reached a bottom and will eventually be rising.
Long-dated Treasury yields had big gains in January as the odds increased for more and larger fiscal stimulus. Brokered CD rates often follow Treasury yields. Direct CD rates will often follow brokered CD rates with some lag.
Falling brokered CD rates was a trend that began in November 2018 when the top 5-year rates reached as high as 3.60%. However, that trend may be over. In the last month, long-term brokered CD rates have been on the rise.
Direct CD Rates and Deals
For the 5-year CD category, Affinity Plus Federal Credit Union’s 5-year CD continues to be on top with a 1.50% APY. Barksdale FCU’s 5-year CD (1.45% APY) remains in second place and Advancial Credit Union’s 5-year Jumbo CD (1.41% APY) remains in third place. All three held rates unchanged into February.
The top nationally available 5-year CD rate from a bank is only 1.00% APY. This is available at the following three small banks: First National Bank of America, Hyperion Bank, and State Bank of India in New York.
For shorter-term CDs, Advancial Credit Union’s Jumbo CDs primarily hold the top spots. Advancial hasn’t always made it easy to join and open CDs. Based on info received from Advancial in November, people in any state can still join the association Connex to qualify for Advancial membership. Also, new CDs are available to new members. I have more details in this Advancial CD review.
Close behind Advancial Jumbo CDs are the new CD Specials from USALLIANCE Financial. These include a 1-year CD (0.85%), an 18-month CD (0.95%) and a 2-year CD (1.00%). Minimum deposit is only $500. I’ll have more on these CDs soon. Thanks to DA reader cumulus for posting on these specials in the DA Forum.
Another good credit union CD special is available at Pennsylvania-based Freedom Credit Union. It’s offering a 3-year CD with a 1.50% APY. Unfortunately, this isn’t nationally available. However, residents of DE, MD, NJ, PA, VA, WV, and DC can join via an association membership. More details on this CD Special and on the credit union are available in this blog post. Thanks to DA reader alan1 for posting on this deal in the DA Forum.
Savings and Money Market Accounts
There are currently only three institutions with liquid accounts that offer yields of at least 1.00% without any small maximum balance, activity/checking requirements or unusual withdrawal limitations.
Two of these three are the same two accounts that I reported two weeks ago. The other one I just reported on last week. It’s the fintech M1 Finance. This is a brokerage firm and robo-advisor which also offers a checking account called M1 Spend. M1 Finance has partnered with Lincoln Savings Bank which holds the deposits and allows deposits to be FDIC insured. The Spend account has two options: basic and plus. The basic account offers no interest. The plus account offers 1% APY on all balances. The downside with M1 Plus is a $125-per-year maintenance fee that can’t be waived.
Another of the three is a fintech. This fintech is T-Mobile Money, and it has partnered with a bank (Customers Bank) to hold the deposits in an FDIC-insured account. Its checking account offers 1.00% APY on all balances without any activity requirements.
Early in December, two other fintechs had been in the 1% group, but both had large rate cuts. Chime’s savings account rate was slashed from 1.00% to 0.50%, and Affirm’s savings account was slashed from 1.00% to 0.65%.
The third institution with a 1% account is Advancial Credit Union. Its Premium Money Market account continues to have a 1.01% APY for a minimum balance of $100k. For those interested in Advancial CDs, this is another reason to join.
There’s also one easy-membership credit union that is offering an IRA savings account with a 1% APY. It’s U.S. Postal Federal Credit Union, and its IRA savings account rate has never fallen below 1% since we began tracking the account in 2011.
For more details about these three accounts, please refer to my latest liquid account summary.
Safety of the Banking System and Your Deposits
Even though the banking industry is in a much better position now than it was in 2008, the crisis is stressing the financial system. Weak banks and credit unions will have a higher chance of failing over the next year. Thus, this is the time to be extra careful that your deposits are within the FDIC and NCUA limits.
Federal Reserve and Interest Rate Summary
The Fed and economy review is now split off on a separate blog post. My weekly summaries will now be focused entirely on deposit rates and deals. Please keep all discussion about the Fed, the economy and politics to my Fed/Economy review blog post.
Here's the link to last week's savings/checking account summary. You can always get the latest rates for savings/checking accounts and CDs by using our rate tables, available via the navigational menu on top.
Yields Accurate as of February 16, 2021
Under 1-Year CD Rates
Institution | Rates | Notes |
---|---|---|
Advancial | 0.94% ($50k) 6-month Jumbo Certificate | Possible easy membership - membership and CD eligibility have been restricted in the past |
Veridian Credit Union | 0.85% ($100k) 7-month Jumbo CD Special | Easy membership See review |
NASA Federal Credit Union | 0.75% ($10k) 9-month Share Certificate Special | Easy membership Account review |
LaFayette Federal Credit Union | 0.70% ($500) 7-month Fixed CD | Easy membership Account review |
CommunityWide Federal Credit Union | 0.70% ($1k) 6-month Share Certificate | Easy membership Account review |
CFG Bank | 0.62% ($500) 13-month Penalty Free CD | Account review |
Quontic Bank | 0.60% ($500) 6-month CD | Account review |
USALLIANCE Financial | 0.55% ($500) 11-month No-Penalty CD (**NTS) | Easy membership Account review |
Marcus by Goldman Sachs | 0.55% ($500) 8-month No-Penalty CD | Available to active AAPR members only Account review |
iGObanking | 0.55% ($1k) 6-month iGOCD | Account review |
Ally Bank | 0.50% ($25k) 11-month No-Penalty CD | Account review |
Marcus by Goldman Sachs | 0.45% ($500) 7-month No-Penalty CD | Account review |
Marcus by Goldman Sachs | 0.35% ($500) 11-month No-Penalty CD | Account review |
Fidelity Brokered CD | 0.05% (APR) 3-month non-callable CD | Issued by FMSB* |
Fidelity Brokered CD | 0.02% (APR) 9-month non-callable CD | Issued by BBSSB, BBUSA, MFB* |
The Vanguard Group Brokered CD | 0.02% (APR) 7-9 month non-callable CD | Issued by MFB* |
The Vanguard Group Brokered CD | 0.02% (APR) 4-6 month non-callable CD | Issued by MFB* |
Fidelity Brokered CD | 0.02% (APR) 6-month non-callable CD | Issued by MFB* |
Noteworthy Local Deals - Under 1-Year CDs
Rio Grande Credit Union | 1.11% ($25k) 6-month Jumbo IRA CD | 2 New Mexico counties See review |
TEXAR Federal Credit Union | 0.95% ($1k) 6-month Share Certificate | 4 Texas and 2 Arkansas counties See review |
TTCU Federal Credit Union | 0.85% ($100k) 6-month Income CD | 14 Oklahoma counties |
EFCU Financial | 0.85% ($100k) 6-month Jumbo CD | 9 Louisiana parishes See review |
GreenState Credit Union | 0.80% ($1k) 8-month CD Special (**NTS) | Iowa and IL, NE, SD, WI counties that border on Iowa See review |
1-Year CD Rates
Advancial | 0.98% ($50k) 1-year Jumbo Certificate | Possible easy membership - membership and CD eligibility have been restricted in the past See review |
USALLIANCE Financial | 0.85% ($500) 12-month Certificate Special (**NTS) | Easy membership Account review |
Lafayette Federal Credit Union | 0.80% ($500) 1-year Fixed CD | Easy membership Account review |
Credit Union of Denver | 0.80% ($5k) 13-month Certificate Special | Easy membership Account review |
Northrop Grumman Federal Credit Union | 0.79% ($40k) 12-month Bonus Term CD (**NTS) | Easy membership See review |
Paramount Bank | 0.75% ($1k) 12-month CD | Account review |
NexBank | 0.75% ($10k) 12-month CD | Account review |
CFG Bank | 0.67% ($500) 12-month CD | Account review |
Live Oak Bank | 0.65% ($2.5k) 1-year | Account review |
Quontic Bank | 0.65% ($500) 1-year CD (**NTS) | Account review |
Fidelity Brokered CD | 0.05% (APR) 1-year non-callable CD | Issued by ISDB, SAFB* |
The Vanguard Group Brokered CD | 0.05% (APR) 1-year non-callable CD | Issued by DMB, FFOH, FLAG, ISDB, PCB, SAFB* |
Noteworthy Local Deals - 1-Year CDs
Rio Grande Credit Union | 1.97% ($25k) 12-month Jumbo IRA CD | 2 New Mexico counties See review |
Democracy Federal Credit Union | 1.51% ($500) 12-month IRA CD | Washington DC metro area See review |
CoastLife Credit Union | 1.36% ($1k) 12-month CD | 6 Texas counties See review |
Cencap Federal Credit Union | 1.25% ($25) 12-month Save to Win Share Certificate | Hartford, CT area See review |
Navy Army Community Credit Union | 1.20% ($100k) 1-year Jumbo CD | 8 Texas counties See review |
Olean Area Federal Credit Union | 1.10% ($500) 14-month CD Special (**NTS) | 2 western New York and 2 Pennsylvania counties See review |
Keesler Federal Credit Union | 1.05% ($25) 1-year FirstStep CD | Easy membership in AL, LA, and MS See review |
18-month CD Rates
Advancial | 1.02% ($50k) 18-month Jumbo Certificate | Possible easy membership - membership and CD eligibility have been restricted in the past See review |
Western Vista Credit Union | 1.00% (no min) 19-month CD Special | Easy membership See review |
USALLIANCE Financial | 0.95% ($500) 18-month Certificate Special (**NTS) | Easy membership Account review |
Consumers Credit Union (IL) | 0.90% ($250k) 20-month Super Jumbo CD | Easy membership See review |
Primary Bank | 0.80% ($1k) 18-month CD | Available in CT, ME, MA, NH, RI, and VT Account review |
NASA Federal Credit Union | 0.80% ($10k) 15-month Share Certificate Special | Easy membership Account review |
Paramount Bank | 0.75% ($1k) 18-month CD | Account review |
EBSB Direct | 0.70% ($1k) 15-month CD | Online bank See review |
INSBANK Online | 0.70% ($2.5k) 18-month CD | Account review |
First Internet Bank | 0.65% ($1k) 18-month CD | Account review |
Limelight Bank | 0.65% ($500) 1-year CD (**NTS) | Account review |
Fidelity Brokered CD | 0.05% (APR) 18-month non-callable CD | Issued by HSTB* |
The Vanguard Group Brokered CD | 0.05% (APR) 13-18 month non-callable CD | Issued by DMB, ISDB* |
Noteworthy Local Deals - 18-Month CDs
Rio Grande Credit Union | 1.92% ($25k) 18-month Jumbo IRA CD | 2 New Mexico counties See review |
Round Top State Bank | 1.51% ($100) 18-month IRA CD | Austin, Texas area See review |
TEXAR Federal Credit Union | 1.35% ($1k) 18-month Share Certificate | 4 Texas and 2 Arkansas counties See review |
First Bank Richmond | 1.11% ($500) 17-month CD Special | Central Indiana |
Diversified Members Credit Union | 1.10% ($200) 18-month CD Special (**NTS) | Michigan See review |
MilWay Federal Credit Union | 1.05% ($2.5k) 18-month CD | 1 Texas and 2 Arkansas counties See review |
Chicago Municipal Employees Credit Union | 1.05% ($25k), 0.65% ($10k), 0.55% ($1k) 18-month Share Certificate | City of Chicago employees; portions of Cook County |
2-Year CD Rates
U S Postal Service Federal Credit Union | 1.20% ($250) 2-year IRA Certificate (IRA only) | Easy membership See review |
Advancial | 1.08% ($50k) 2-year Jumbo Certificate | Possible easy membership - membership and CD eligibility have been restricted in the past See review |
USALLIANCE Financial | 1.00% ($500) 24-month Certificate Special (**NTS) | Easy membership Account review |
Wings Financial Credit Union | 0.95% ($250k), 0.90% ($100k) 2-year Certificate | Easy membership See review |
Northrop Grumman Federal Credit Union | 0.91% ($40k) 24-month Bonus Term CD | Easy membership See review |
Superior Choice Credit Union | 0.90% ($100k), 0.85% ($50k), 0.80% ($25k), 0.75% ($10k), 0.70% ($2.5k) 2-year Share Certificate | Easy membership Account review |
INSBANK Online | 0.80% ($2.5k) 2-year CD | Account review |
Primary Bank | 0.75% ($1k) 2-year CD | Available in CT, ME, MA, NH, RI, and VT Account review |
Paramount Bank | 0.75% ($1k) 24-month CD | Account review |
Comenity Direct | 0.75% ($1.5k) 2-year CD | Account review |
First National Bank of America | 0.70% ($1k) 24-35 month CD | Account review |
Live Oak Bank | 0.70% ($2.5k) 2-year CD (**NTS) | Account review |
Fidelity Brokered CD | 0.15% (APR) 2-year non-callable CD | Issued by HSTB* |
The Vanguard Group Brokered CD | 0.15% (APR) 2-year non-callable CD | Issued by HSTB* |
Noteworthy Local Deals - 2-Year CDs
Rio Grande Credit Union | 2.07% ($25k) 24-month Jumbo IRA CD | 2 New Mexico counties See review |
Ouachita Valley Federal Credit Union | 1.76% ($25k) 24-month IRA Certificate | 7 Lousiana parishes See review |
CoastLife Credit Union | 1.51% ($1k) 24-month CD | 6 Texas counties See review |
Navy Army Community Credit Union | 1.30% ($100k) 2-year Jumbo CD | 8 Texas counties See review |
La Joya Area Credit Union | 1.26% ($1k) 24-month CD (**NTS) | Hildago County, Texas |
Chicago Municipal Employees Credit Union | 1.25% ($25k), 0.75% ($10k), 0.65% ($1k) 24-month Share Certificate | City of Chicago employees; portions of Cook County |
Second Federal Savings and Loan | 1.20% ($5k) 29 month CD Special (**NTS) | Philadelphia metro area - See review |
3-Year CD Rates
Freedom Credit Union | 1.50% ($500) 36-month CD (**NTS) | Easy membership in DC, DE, MD, NJ, PA, VA, WV See review |
Advancial | 1.17% ($50k) 3-year Jumbo Certificate | Possible easy membership - membership and CD eligibility have been restricted in the past See review |
Wings Financial Credit Union | 1.11% ($250k), 1.06% ($100k) 3-year Certificate | Easy membership See review |
Northrop Grumman Federal Credit Union | 1.05% ($40k) 36-month Bonus Term CD | Easy membership See review |
Lafayette Federal Credit Union | 1.01% ($500) 3-year Fixed CD (**NTS) | Easy membership Account review |
Financial Resources Credit Union | 1.01% ($500) 35-month Bump-Up CD Special | Easy membership See review |
Primary Bank | 0.85% ($500) 36-month CD | Available in CT, ME, MA, NH, RI, and VT Account review |
iGObanking | 0.85% ($1k) 36-month iGOCD | Account review |
Comenity Direct | 0.85% ($1.5k) 36-month CD | Account review |
INSBANK Online | 0.85% ($2.5k) 3-year CD | Account review |
First Internet Bank | 0.81% ($1k) 36-month CD | Account review |
Hyperion Bank | 0.80% ($500) 36-month CD (**NTS) | Account review |
Fidelity Brokered CD | 0.20% (APR) 3-year non-callable CD | Issued by BMW, FNB, LOB, MBC* |
The Vanguard Group Brokered CD | 0.20% (APR) 3-year non-callable CD | Issued by BMW, FLAG* |
Noteworthy Local Deals - 3-Year CDs
Rio Grande Credit Union | 2.17% ($25k) 36-month Jumbo IRA CD | 2 New Mexico counties See review |
Democracy Federal Credit Union | 1.82% ($2k) 36-month IRA CD | Washington DC metro area See review |
CoastLife Credit Union | 1.61% ($1k) 36-month CD | 6 Texas counties See review |
La Joya Area Credit Union | 1.46% ($1k) 36-month CD | Hildago County, Texas |
Chicago Municipal Employees Credit Union | 1.45% ($25k), 0.85% ($10k), 0.75% ($1k) 36-month Share Certificate | City of Chicago employees; portions of Cook County |
Sea Comm Federal Credit Union | 1.40% ($1k) 3-year CD | 4 New York and 3 Vermont countiesSee review |
Navigator Credit Union | 1.40% ($100k) 36-month Jumbo Share CD | 2 AL and 1 MS counties See review |
4-Year CD Rates
Advancial | 1.27% ($50k) 4-year Jumbo Certificate | Possible easy membership - membership and CD eligibility have been restricted in the past See review |
Wings Financial Credit Union | 1.21% ($250k), 1.16% ($100k) 4-year Certificate | Easy membership See review |
Affinity Plus Federal Credit Union | 1.20% ($500) 48-month CD (**NTS) | Easy membership See review |
Barksdale Federal Credit Union | 1.20% ($1k) 48-month Certificate | Military relationship See review |
Lafayette Federal Credit Union | 1.16% ($500) 4-year Fixed CD (**NTS) | Easy membership Account review |
Primary Bank | 1.04% ($1k) 4-year CD | Available in CT, ME, MA, NH, RI, and VT Account review |
Hyperion Bank | 0.90% ($500) 48-month CD | Account review |
iGObanking | 0.90% ($1k) 48-month iGOCD | Account review |
First Internet Bank | 0.86% ($1k) 48-month CD | Account review |
Comenity Direct | 0.85% ($1.5k) 4-year CD | Account review |
First National Bank of America | 0.85% ($1k) 48-59 month CD (**NTS) | Account review |
Fidelity Brokered CD | 0.40% (APR) 4-year non-callable CD | Issued by LOB* |
The Vanguard Group Brokered CD | 0.30% (APR) 4-year non-callable CD | Issued by BMW* |
Noteworthy Local Deals - 4-Year CDs
Rio Grande Credit Union | 2.17% ($25k) 48-month Jumbo IRA CD | 2 New Mexico counties See review |
Chicago Municipal Employees Credit Union | 1.65% ($25k), 0.90% ($10k), 0.80% ($1k) 48-month Share Certificate | City of Chicago employees; portions of Cook County |
Navigator Credit Union | 1.65% ($100k) 48-month Jumbo Share CD | 2 AL and 1 MS counties See review |
La Joya Area Credit Union | 1.61% ($1k) 48-month CD | Hildago County, Texas |
Sea Comm Federal Credit Union | 1.55% ($1k) 4-year CD | 4 New York and 3 Vermont counties See review |
Keys Federal Credit Union | 1.51% ($500) 48-month Share Certificate | Florida Keys |
5-Year CD Rates
Affinity Plus Federal Credit Union | 1.50% ($500) 60-month CD | Easy membership See review |
Barksdale Federal Credit Union | 1.45% ($1k) 60-month Certificate | Military relationship See review |
Advancial | 1.41% ($50k) 5-year Jumbo Certificate | Possible easy membership - membership and CD eligibility have been restricted in the past See review |
Wings Financial Credit Union | 1.41% ($250k), 1.36% ($100k) 5-year Certificate | Easy membership See review |
U S Postal Service Federal Credit Union | 1.30% ($250) 5-year IRA Certificate (IRA only) | Easy membership See review |
Lafayette Federal Credit Union | 1.26% ($500) 5-year Fixed CD (**NTS) | Easy membership Account review |
Primary Bank | 1.15% ($1k) 5-year CD | Available in CT, ME, MA, NH, RI, and VT Account review |
Hyperion Bank | 1.00% ($500) 60-month CD | Account review |
First National Bank of America | 1.00% ($1k) 60-month CD | |
State Bank of India | 1.00% ($25k) 5-year Senior Citizen CD | Account review |
First Internet Bank | 0.96% ($1k) 60-month CD | Account review |
State Bank of India (IL) | 0.95% ($2.5k) 5-year Senior Citizens CD | Account review |
Fidelity Brokered CD | 0.65% (APR) 5-year non-callable CD | Issued by SBoI* |
The Vanguard Group Brokered CD | 0.60% (APR) 5-year non-callable CD | Issued by SBoIIL* |
Noteworthy Local Deals - 5-Year CDs
Rio Grande Credit Union | 2.17% ($25k) 60-month Jumbo IRA CD | 2 New Mexico counties See review |
Complex Community Credit Union | 2.10% ($500) 60-month CD | Midland and Odessa, Texas See review |
Democracy Federal Credit Union | 2.02% ($2.5k) 60-month IRA CD | Washington DC metro area See review |
Navigator Credit Union | 1.95% ($100k) 60-month Jumbo Share CD | 2 AL and 1 MS counties See review |
La Joya Area Credit Union | 1.81% ($1k) 60-month CD | Hildago County, Texas |
Keys Federal Credit Union | 1.76% ($500) 60-month Share Certificate (**NTS) | Florida Keys |
Sea Comm Federal Credit Union | 1.75% ($1k) 5-year CD | 4 New York and 3 Vermont counties See review |
Over 5-Year CD Rates
Fidelity Brokered CD | 1.35% (APR) 10-year non-callable CD | Issued by SBoI* |
The Vanguard Group Brokered CD | 1.35% (APR) 10-year non-callable CD | Issued by SBoI* |
SRP Federal Credit Union | 1.26% ($5k) 7-year Flex CD | Easy membership See review |
Northrop Grumman Federal Credit Union | 1.24% ($40k) 84-month Bonus Term CD | Easy membership See review |
Evansville Teachers Federal Credit Union | 1.15% ($1k) 6-year CD | Easy membership See review |
First National Bank of America | 1.10% ($1k) 84-month Time CD | |
AFFCU | 1.00% ($2.5k) 84-month Share Certificate | Easy membership See review |
Fidelity Brokered CD | 0.85% (APR) 7-year non-callable CD | Issued by BRGW* |
KS State Bank | 0.75% ($500) 7-year CD | Account review |
PenFed Credit Union | 0.75% ($1k) 7-year Money Market Certificate | Easy membership See review |
Third Federal Savings and Loan | 0.70% ($500) 72-month CD | Account review |
The Vanguard Group Brokered CD | 0.70% (APR) 7-year non-callable CD | Issued by LUASB* |
Marcus by Goldman Sachs | 0.60% ($500) High-Yield 6 Year CD | Account review |
EmigirantDirect.com | 0.60% ($1k) 60-120 month CD | Account review |
Noteworthy Local Deals - Over 5-year CDs
Founders Federal Credit Union | 1.76% ($100k), 1.61% ($50k), 1.51% ($500) 84-month IRA CD | 4 SC counties, 60 SC Census Tracts Account review |
First Peoples Community Federal Credit Union | 1.70% ($500) 72-month Share Certificate | 3 MD, 3 PA, and 3 WV counties Account review |
Campus Federal | 1.60% ($1k) 72-month CD (**NTS) | Louisiana Account review |
Security First Credit Union | 1.56% ($100k), 1.46% ($50k), 1.41% ($25k), 1.36% ($1k) 84-month CD | Rio Grande Valley, Texas See review |
Via Credit Union | 1.51% ($500) 60-71 month CD | 12 Indiana counties See review |
First Guaranty Bank | 1.50% ($500) 8-year CD | 11 LA parishes and 5 TX counties See review |
* BBSSB (Beal Bank SSB), BBUSA (Beal Bank USA), BMW (BMW Bank), BRGW (Bridgewater Bank), DMB (DMB Community Bank), FFOH (FIrst Financial Bank OH), FLAG (Flagstar Bank FSB), FNB (First National Bank), HSTB (Homestreet Bank), ISDB (Israel Discount Bank), LOB (Live Oak Banking Company), LUASB (Luana Savings Bank), MBC (Merrick Bank Corp), MFB (MidFirst Bank OK), PCB (Pacific City Bank), SAFB (Safra Bank), SBoI (State Bank of India), SBoIIL (State Bank of India IL)
**New To Summary, as of February 16, 2021
CDs Removed Due To Low Rates Or Expired Specials
CDs Removed, No Longer Available
CDs Removed, Rate Too Low
TAB Bank | 0.40% ($1k) 9-month CD | Account review |
InTouch Credit Union | 0.75% ($1k) 7-month CD | 1 Michigan county, 3 Texas counties, 10 Nevada communities |
CommunityWide Federal Credit Union | 0.75% ($1k) 12-month Share Certificate | Easy membership Account review |
Evansville Teachers Federal Credit Union | 0.60% ($1k) 14-month CD | Easy membership Account review |
Banesco USA | 0.40% ($1.5k) 12-month CD | Account review |
TEXAR Federal Credit Union | 1.05% ($1k) 12-month Share Certificate | 4 Texas and 2 Arkansas counties See review |
Evansville Teachers Federal Credit Union | 0.75% ($1k) 18-month CD | Easy membership Account review |
MutualOne Bank | 0.50% ($500) 18-month CD | Account review |
Grinnell State Bank | 0.75% ($15k) 15-month One-Time Bump CD Special | Central Iowa |
Evansville Teachers Federal Credit Union | 0.85% ($1k) 2-year CD | Easy membership Account review |
MutualOne Bank | 0.50% ($500) 24-month CD | Account review |
Encompass Credit Union | 1.00% ($500) 24-month CD | 3 Indiana counties See review |
Bossier Federal Credit Union | 0.75% ($1k) 24-month CD | 3 Louisiana parishes See review |
Evansville Teachers Federal Credit Union | 0.95% ($1k) 3-year CD | Easy membership Account review |
MutualOne Bank | 0.65% ($500) 36-month CD | Account review |
Hiway Credit Union | 1.10% ($25k), 1.00% ($10k), 0.90% ($500) 48-59 month CD | Easy membership See review |
Evansville Teachers Federal Credit Union | 1.00% ($1k) 4-year CD | Easy membership See review |
MutualOne Bank | 0.65% ($500) 48-month CD | Account review |
Lexington Federal Credit Union | 1.61% ($500) 60-month Share Certificate | Rochester, New York See review |
Royal Credit Union | 1.00% (no min) 72-month CD | 16 Minnesota and 26 Wisconsin counties See review |
Is there anyone here just waiting for a .70% 1 year or 5 year CD to go up a few basis points before jumping in, or particularly crestfallen by an equal move downward that ruins their plans?
Describing any of these cataloged changes at this point as "noteworthy" is quite the misnomer.given that so very few are likely committing funds.
Thank you for this. A few comments: As of today, Western Vista CU no longer offers its 1% 19-month CD.
Also, I called Advancial twice in an attempt to qualify for membership. You had recent posts indicating they had opened up their membership criteria, and readers could qualify to open money market and CD accounts by using their Connex system. Both times the reps. flatly stated that this is not the case, and were very unhelpful.
DA has an article on these "raise your rate" certificates here:
https://www.depositaccounts.com/blog/2014/05/raise-rate-type-cds-good-deal.html
to quote the article's quote of reader me1004: these bump-up CDs often "sound a LOT better than they are."