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CD Rates Summary - July 7, 2021

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Most of the CD rate changes in the last two weeks were at credit unions. The good news is that most of the changes were rate increases. Most increases were small, and the new rates are still very low by historical standards. Nevertheless, it’s a positive sign that we may be past the rate bottom for CDs.

Out of 15 noteworthy credit union CD rate changes, ten were rate increases, three were rate reductions, and two were a mix of rate hikes and cuts.

PenFed was one of the nine credit unions that increased its Certificate rates. The new rates are nothing to get excited about, but it’s nice to finally see rate hikes at PenFed. Most of PenFed Certificate rates had a modest 10-bp rate increase. However, its 5-year rate increased 30 bps to 1.00% APY, and its 15-month rate increased 30 bps to 0.75% APY.

Only three major online banks had CD rate changes in the last two weeks. The changes only impacted a few of the banks’ CDs.

Synchrony was the only one to hike rates. Its 15-month CD rate increased 5 bps to 0.55%, and its 9-month CD rate increased 20 bps to 0.55%.

Ally Bank just did one small rate cut. Its 3-month CD rate fell 5 bps to 0.15%. Ally has rarely offered competitive rates on its High Yield CDs with terms under one year. For the vast majority of the time, Ally’s Online Savings Account has offered higher rates. The only reason to open the 3-month CD has been to keep a tiny amount in these CDs so you can renew one of these into a competitive longer-term Ally CD with a renewal bonus.

The third major online bank to make rate changes was USAA Bank. This year USAA Bank has been cutting all of its CD rates to uncompetitive levels, and its latest cuts have lowered the short-term rates to almost zero. All of its short-term CD rates (with terms under one year) are now only 0.01%.

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:

  • Synchrony Bank (15m 0.50% → 0.55%, 9m 0.35% → 0.55%)
  • Ally Bank (3mo 0.20% → 0.15%)
  • USAA Bank (9m 0.03% → 0.01%, 6m 0.03% → 0.01%)

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

  • Quontic Bank (5yr 1.10% → 1.11%)
  • Merrick Bank (1yr 0.65% → 0.70%)
  • MainStreet Bank (2yr 0.40% → 0.30%, 1yr 0.30% → 0.20%)
  • IncredibleBank (2yr 0.30% → 0.25%, 1yr 0.20% → 0.15%)

Credit unions that have easy membership requirements:

  • Advancial CU (5yr Jbo 1.84% → 1.97%, 1yr Jbo 0.93% → 0.98%)
  • Abound CU (47m Spc 1.30% → 1.45%)
  • NASA FCU (49m Spc 1.40% → 1.35%, 15m Spc 0.70% → 0.65%, 9m Spc 0.65% → 0.60%)
  • Michigan State University FCU (5yr Jbo 1.30% → 1.35%, 2yr Jbo 0.65% → 0.70%)
  • Connexus CU (5yr 1.00% → 1.06%, 1yr 0.55% → 0.61%)
  • Teachers FCU (5yr 0.85% → 1.05%)
  • PenFed CU (5yr 0.70% → 1.00%, 15m 0.45% → 0.75%)
  • CommunityWide FCU (3yr 0.85% → 0.90%, 1yr 0.75% → 0.85%, 6m 0.70% → 0.85%)
  • Veridian CU (9m Spc Jbo 0.40% → 0.85%, 7m Spc Jbo 0.85% → 0.40%)
  • USALLIANCE Financial CU (35m Spc 1.00% → 0.85%, 18m Spc 0.65% → 0.80%, 9m Spc 0.50% → 0.25%)
  • AgFed CU (5yr 0.80% → 0.85%, 1yr 0.25% → 0.28%)
  • Parda FCU (5yr 1.00% → 0.80%, 1yr Jbo 0.55% → 0.45%)
  • Alliant CU (18m 0.50% → 0.55%, 12m 0.50% → 0.55%)
  • Sun East FCU (18m 0.25% → 0.45%)
  • Credit Union of the Rockies (5yr 0.60% → 0.10%, 18m 0.20% → 0.05%)

Brokered CD Rates

This year there have been substantial rate gains on long-term brokered CDs. The gains have slowed since the middle of March. The short-term brokered CD rates have remained near zero.

Brokered CD rates often follow Treasury yields of similar maturities. However, long-term brokered CD rates haven’t dropped like 5-, 7- and 10-year Treasury yields have in the last couple of months. With Treasury yields continuing to drop (10-year fell to 1.33% today), we’ll see if there'll be similar drops on brokered CD rates.

The top non-callable long-term CDs have been primarily driven by one issuer. State Bank of India has been offering rates well above other issuers. That’s the case again for the 10-year term. Both Fidelity and Vanguard listed a 10-year non-callable CD from State Bank of India with a 1.80% rate (same as two weeks ago).

State Bank of India wasn’t on top for the 7-year and 5-year terms. It’s interesting to note that Sallie Mae Bank was offering the highest 5-year non-callable CD rate at both Fidelity and Vanguard (1.00%). It also was offering the highest 3-year CD rate (0.55%). Sallie Mae Bank must be in need of deposits. Even its internet bank division has raised a few of its direct CD rates in the past month.

For mid-term CDs, Sallie Mae Bank’s 3-year CD (0.55%) had the highest rate at both Fidelity and Vanguard. The top 2-year CD rate was 0.25% at both Fidelity and Vanguard. Several different banks were offering this rate, and it’s the same top 2-year rate that was available two weeks ago.

For short-term brokered CDs with terms of 18 months and under, rates remain very low. The top rate is only 0.15% (18-month term at Fidelity). For terms of one year and under, the top rates are between 0.05% and 0.10%.

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

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

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

Direct CD Rates and Deals

Advancial Credit Union began the month by raising the rates on all its Certificates, with the 18-month, 2-year, 3-year, and 4-year Jumbo Certificates adding 10, 14, 16, and 9 bps, respectively. The rate increase for the 6-month, 1-year, and 5-year Jumbo Certificates was a more modest 3 bps. Advancial’s Jumbo Certificates continue to have the top rates for most terms. Even though the 5-year rate increase was modest, it moved the 5-year Jumbo yield to 1.97%, just 3 bps shy of 2%. Hope we see 2%+ in August. Unfortunately, readers have been reporting that Advancial is once again not allowing membership through the Connex or other associations. Last November, Advancial officials had been allowing people in any state to become members via the Connex association. If you try to join, please leave a comment about how it went.

For terms under one year, Veridian Credit Union and CommunityWide FCU are just below Advancial with a rate of 0.85%. Veridian replaced its 7-month CD Jumbo Special with a 9-month Jumbo Special. CommunityWide increased the rate of its 6-month CD by 15 bps. I have more details in this Veridian post and this CommunityWide post.

For 1-year CDs, CommunityWide FCU is now on top (excluding Advancial). In addition to increasing its 6-month CD rate to 0.85%, CommunityWide also raised its 1-year CD rate to 0.85%. Quontic Bank’s 1-year CD remains on top for banks with a 0.75% rate.

For 18-month CDs, Consumers Credit Union’s Super Jumbo 20-month CD ($250k minimum) with a 1.00% APY remains the best deal for large balances without any membership limitations. For a $100k minimum, the rate drops to 0.90%, and for a $250 minimum, the rate drops to 0.80%. I have more details in this blog post.

Wings FCU introduced an 18-month CD Special with a 0.85% APY with only a $500 minimum deposit. I’ll have more details soon on this Special.

For 2-year CDs, Lafayette Federal Credit Union’s 2-year CD now shares the top spot with both Veridian Credit Union’s 21-month Jumbo CD Special and CommunityWide’s 2-year CD. All three have a 0.90% rate.

For banks, Quontic Bank continues to have the top 2-year CD rate. Quontic Bank increased its 2-year CD rate from 0.70% to 0.85% in early June.

For 3-year CDs, Lafayette Federal Credit Union’s 3-year CD continues to hold the top spot with a 1.01% APY. Just a little behind is Quontic Bank’s 3-year CD (1.00% APY).

For 4-year CDs, Abound Credit Union has taken the top spot with today’s rate hike of its 47-month CD Special (1.30% → 1.45% APY).

NASA Federal Credit Union lowered its 49-month CD Special yield by 5 bps to 1.35% at the start of July. This is now in second place, just behind Abound’s 47-month CD Special. NASA FCU’s other two CD Specials also had 5-bp rate cuts (15-month Special 0.70% → 0.65% and 9-month Special 0.65% → 0.60%). For more details, please refer to the review of NASA FCU and these CDs.

For 5-year CDs, Michigan State University FCU’s 5-year Jumbo CD yield increased 5 bps in late June to 1.35%, and it’s now tied with Abound’s 59-month CD.

For banks, the top 5-year CD yield is 1.11%. Two banks now offer this rate. State Bank of India (IL) has been offering 1.11% APY on its 5-year Senior Citizens CD since early May. Quontic Bank came out with a 5-year CD with a 1.10% APY in late June. Today, it bumped up this yield to 1.11%.

Savings and Money Market Accounts

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

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

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

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 if you’re eligible.

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

Federal Reserve and Interest Rate Summary

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

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

Yields Accurate as of July 7, 2021

Under 1-Year CD Rates

InstitutionRatesNotes
Advancial0.92% ($50k) 6-month Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past
CommunityWide Federal Credit Union0.85% ($1k) 6-month Share CertificateEasy membership Account review
Veridian Credit Union0.85% ($100k), 0.75% ($1k) 9-month Jumbo CD SpecialEasy membership See review
LaFayette Federal Credit Union0.70% ($500) 7-month Fixed CDEasy membership Account review
Quontic Bank0.65% ($500) 6-month CDAccount review
CFG Bank0.62% ($500) 13-month Penalty Free CDAccount review
Evansville Teachers Federal Credit Union0.60% ($1k) 8-month CD (**NTS)Easy membership Account review
NASA Federal Credit Union0.60% ($10k) 9-month Share Certificate SpecialEasy membership Account review
USALLIANCE Financial0.55% ($500) 11-month No-Penalty CD Easy membership Account review
Marcus by Goldman Sachs0.55% ($500) 8-month No-Penalty CD Available to active AAPR members only Account review
Synchrony Bank0.55% ($2.5k) 9-month CD (**NTS) Account review
MapleMark Bank0.55% ($25k) 9-month CD Account review
Presidential Bank0.50% ($1k) 182-day CD Account review
Ally Bank0.50% ($25k) 11-month No-Penalty CD Account review
Marcus by Goldman Sachs0.45% ($500) 7-month No-Penalty CD Account review
Marcus by Goldman Sachs0.35% ($500) 11-month No-Penalty CD Account review
The Vanguard Group Brokered CD0.06% (APR) 7-9 month non-callable CDIssued by BBUSA*
Fidelity Brokered CD0.05% (APR) 9-month non-callable CDIssued by 1stFB*
Fidelity Brokered CD0.05% (APR) 6-month non-callable CDIssued by ENER, MZTB, SAFB*
The Vanguard Group Brokered CD0.05% (APR) 4-6 month non-callable CDIssued by BBUSA, ENER, MZTB*
Fidelity Brokered CD0.05% (APR) 3-month non-callable CDIssued by FSB, MZTB*
The Vanguard Group Brokered CD0.05% (APR) 1-3 month non-callable CDIssued by CMBR*

Noteworthy Local Deals - Under 1-Year CDs

Ukrainian Selfreliance Federal Credit Union1.01% ($500) 8-month CD (**NTS)Relationship w/Ukrainian churches and cultural organizations in Philadelphia area See review
EFCU Financial0.85% ($100k) 6-month Jumbo CD9 Louisiana parishes See review
True Sky Credit Union0.80% ($1k) 7-12 month CD8 central Oklahoma counties See review
Weokie Credit Union0.80% ($100k), 0.70% ($1k) 6-month Certificate8 central Oklahoma counties See review
Mobility Credit Union0.75% ($500) 9-month CD Easy membership in Texas See review

1-Year CD Rates

Advancial0.98% ($50k) 1-year Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
CommunityWide Federal Credit Union0.85% ($1k) 12-month Share CertificateEasy membership Account review
Lafayette Federal Credit Union0.80% ($500) 1-year Fixed CDEasy membership Account review
Abound Credit Union0.80% ($500) 13-month CD SpecialEasy membership (formerly Fort Knox Federal Credit Union) Account review
Quontic Bank0.75% ($500) 1-year CDAccount review
NexBank0.75% ($10k) 12-month CDAccount review
Comenity Direct0.70% ($1.5k) 1-year CD Account review
Merrick Bank0.70% ($25k) 12-month CD (**NTS)Account review
Northrop Grumman Federal Credit Union0.70% ($40k) 12-month Bonus Term CDEasy membership See review
CFG Bank0.67% ($500) 12-month CDAccount review
Evansville Teachers Federal Credit Union0.65% ($1k) 14-month CD (**NTS)Easy membership Account review
The Vanguard Group Brokered CD0.10% (APR) 1-year non-callable CDIssued by SAFB*
Fidelity Brokered CD0.07% (APR) 1-year non-callable CDIssued by MCBTN*

Noteworthy Local Deals - 1-Year CDs

CoastLife Credit Union1.12% ($1k) 12-month CD6 Texas counties See review
Navy Army Community Credit Union1.10% ($100k) 1-year Jumbo CD8 Texas counties See review
Keesler Federal Credit Union1.05% ($25) 1-year FirstStep CDEasy membership in AL, LA, and MS See review
Ukrainian Selfreliance Federal Credit Union1.01% ($500) 13-month CD (**NTS)Relationship w/Ukrainian churches and cultural organizations in Philadelphia area See review
Energy Capital Credit Union1.00% ($1k) 12-month CD (**NTS)Harris and Montgomery Counties, Texas See review

18-month CD Rates

Langley Federal Credit Union1.25% ($1k min/$25k max) 18-month CD Special (**NTS)Easy membership, but 19-month CD Special available to all current members and new members in CD, MD, NC, and VA See review
Advancial1.12% ($50k) 18-month Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Consumers Credit Union (IL)1.00% ($250k) 20-month Super Jumbo CDEasy membership See review
Wings Financial Credit Union0.85% ($500) 18-month CD Special (**NTS)Easy membership See review
USALLIANCE Financial0.80% ($500) 18-month Certificate Special (**NTS) Easy membership Account review
Evansville Teachers Federal Credit Union0.75% ($1k) 18-month CDEasy membership Account review
PenFed Credit Union0.75% ($1k) 15-month Money Market Certificate (**NTS)Easy membership See review
NexBank0.75% ($10k) 18-month CDAccount review
Marcus by Goldman Sachs0.70% ($500) 18-month High-Yield CD Account review
CFG Bank0.70% ($500) 18-month CD Account review
Hanscom Federal Credit Union0.70% ($1k) 19-month CD Special Easy membership Account review
First Internet Bank0.65% ($1k) 18-month CD Account review
Live Oak Bank0.65% ($2.5k) 18-month CDAccount review
Fidelity Brokered CD0.15% (APR) 18-month non-callable CDIssued by UBS*
The Vanguard Group Brokered CD0.10% (APR) 13-18 month non-callable CDIssued by 1stFB, MCBMN*

Noteworthy Local Deals - 18-Month CDs

Achieva Credit Union1.50% ($50 min/$5k max) 15-month Promotional CDAvailable only in Florida See review
Gulf Coast Federal Credit Union1.16% ($500) 18-month Share Certificate 3 Texas counties
Security First Credit Union1.06% ($100k), 1.01% ($50k) 18-month CD Rio Grande Valley, Texas See review
MilWay Federal Credit Union1.05% ($2.5k) 18-month CD (**NTS)1 Texas and 2 Arkansas counties See review
Chicago Municipal Employees Credit Union1.05% ($25k), 0.65% ($10k), 0.55% ($1k) 18-month Share CertificateCity of Chicago employees; portions of Cook County

2-Year CD Rates

Advancial1.25% ($50k) 2-year Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Lafayette Federal Credit Union0.90% ($500) 2-year Fixed CD Easy membership Account review
Veridian Credit Union0.90% ($100k) 21-month Jumbo CD Special Easy membership See review
CommunityWide Federal Credit Union0.90% ($1k) 24-month Share Certificate Easy membership Account review
Barksdale Federal Credit Union0.90% ($1k) 24-month Certificate Military relationship See review
Quontic Bank0.85% ($500) 2-year CDAccount review
Evansville Teachers Federal Credit Union0.85% ($1k) 2-year CDEasy membership Account review
Northrop Grumman Federal Credit Union0.81% ($40k) 24-month Bonus Term CDEasy membership See review
Comenity Direct0.75% ($1.5k) 2-year CD Account review
MapleMark Bank0.75% ($25k) 24-month CD Account review
NexBank0.75% ($10k) 24-month CDAccount review
Merrick Bank0.71% ($25k) 24-month CD Account review
First National Bank of America0.70% ($1k) 24-35 month CD Account review
The Vanguard Group Brokered CD0.25% (APR) 2-year non-callable CDIssued by ICBC, SBoI*
Fidelity Brokered CD0.25% (APR) 2-year non-callable CDIssued by FLAG, ICBC, UBS*

Noteworthy Local Deals - 2-Year CDs

CoastLife Credit Union1.26% ($1k) 24-month CD6 Texas counties See review
La Joya Area Credit Union1.26% ($1k) 24-month CDHildago County, Texas
Chicago Municipal Employees Credit Union1.25% ($25k), 0.75% ($10k), 0.65% ($1k) 24-month Share CertificateCity of Chicago employees; portions of Cook County
Gulf Coast Federal Credit Union1.21% ($500) 24-month Share Certificate3 Texas counties
Navigator Credit Union1.20% ($100k) 24-month Jumbo Share CD (**NTS) 2 Alabama counties and portions of Gulfport, Mississippi See review

3-Year CD Rates

Advancial1.47% ($50k) 3-year Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Barksdale Federal Credit Union1.10% ($1k) 36-month Certificate Military relationship See review
Lafayette Federal Credit Union1.01% ($500) 3-year Fixed CD Easy membership Account review
Quontic Bank1.00% ($500) 3-year CDAccount review
Northrop Grumman Federal Credit Union0.97% ($40k) 36-month Bonus Term CD Easy membership See review
Evansville Teachers Federal Credit Union0.95% ($1k) 3-year CD Easy membership Account review
Hiway Credit Union0.95% ($25k), 0.85% ($10k), 0.75% ($500) 36-47 month CD (**NTS)Easy membership Account review
CommunityWide Federal Credit Union0.90% ($1k) 36-month Share Certificate (**NTS)Easy membership Account review
CFG Bank0.85% ($500) 36-month CD Account review
iGObanking0.85% ($1k) 36-month iGOCD Account review
Comenity Direct0.85% ($1.5k) 36-month CD Account review
Hyperion Bank0.80% ($500) 36-month CD Account review
First National Bank of America0.80% ($1k) 36-47 month CD Account review
Fidelity Brokered CD0.55% (APR) 3-year non-callable CDIssued by SMB*
The Vanguard Group Brokered CD0.55% (APR) 3-year non-callable CDIssued by SMB*

Noteworthy Local Deals - 3-Year CDs

La Joya Area Credit Union1.46% ($1k) 36-month CDHildago County, Texas
Chicago Municipal Employees Credit Union1.45% ($25k), 0.85% ($10k), 0.75% ($1k) 36-month Share CertificateCity of Chicago employees; portions of Cook County
TDECU1.40% ($100k) 36-month Jumbo CD (**NTS)30 Texas Counties See review
Complex Community Credit Union1.38% ($500) 36-month CD Midland and Odessa, Texas See review
CoastLife Credit Union1.36% ($1k) 36-month CD6 Texas counties See review
The Pioneer Savings Bank1.25% ($500) 3-year CD Cleveland metro area See review

4-Year CD Rates

Advancial1.69% ($50k) 4-year Jumbo Certificate Possible easy membership - membership and CD eligibility have been restricted in the past See review
Abound Credit Union1.45% ($500) 47-month CD SpecialEasy membership (formerly Fort Knox Federal Credit Union) Account review
NASA Federal Credit Union1.35% ($10k) 49-month Share Certificate Special Easy membership Account review
Barksdale Federal Credit Union1.20% ($1k) 48-month CertificateMilitary relationship See review
Lafayette Federal Credit Union1.16% ($500) 4-year Fixed CDEasy membership Account review
Michigan State University Federal Credit Union1.15% ($100k) 4-year Jumbo CDEasy membership See review
Affinity Plus Federal Credit Union1.05% ($500) 48-month CDEasy membership See review
Achieva Credit Union1.05% ($75k), 0.95 ($500) 42-month Promotional CD (unlimited add-ons) Easy membership See review
State Bank of India0.95% ($25k) 4-year Senior Citizen CD Account review
Hyperion Bank0.90% ($500) 48-month CD Account review
First National Bank of America0.90% ($1k) 48-59 month CD Account review
iGObanking0.90% ($1k) 48-month iGOCD Account review
First Internet Bank0.85% ($1k) 48-month CD Account review
Fidelity Brokered CD0.50% (APR) 4-year non-callable CDIssued by TAB*

Noteworthy Local Deals - 4-Year CDs

Chicago Municipal Employees Credit Union1.65% ($25k), 0.90% ($10k), 0.80% ($1k) 48-month Share CertificateCity of Chicago employees; portions of Cook County
La Joya Area Credit Union1.61% ($1k) 48-month CDHildago County, Texas
EL TFCU1.61% ($50k) 48-month Jumbo Share CertificateEl Paso County, Texas See review
Navigator Credit Union1.50% ($100k) 48-month Jumbo Share CD2 AL and 1 MS counties See review
Security First Credit Union1.46% ($100k) 48-month CDRio Grande Valley See review

5-Year CD Rates

Advancial1.97% ($50k) 5-year Jumbo CertificatePossible easy membership - membership and CD eligibility have been restricted in the past See review
Barksdale Federal Credit Union1.45% ($1k) 60-month CertificateMilitary relationship See review
Abound Credit Union1.35% ($500) 59-month CDEasy membership (formerly Fort Knox Federal Credit Union) Account review
Michigan State University Federal Credit Union1.35% ($100k) 5-year Jumbo CDEasy membership See review
Lafayette Federal Credit Union1.26% ($500) 5-year Fixed CDEasy membership Account review
Affinity Plus Federal Credit Union1.25% ($500) 60-month CDEasy membership Account review
Wheelhouse Credit Union1.20% ($90k), 1.15% ($10k), 1.10% ($500) 60-month Certificate (**NTS)Easy membership Account review
State Bank of India (IL)1.11% ($2.5k) 5-year Senior Citizens CD Account review
Quontic Bank1.11% ($500) 5-year CD (**NTS) Account review
Third Federal Savings and Loan1.05% ($500) 55-month CD Special Account review
First National Bank of America1.05% ($1k) 60-month CD
US Bank1.00% ($1k) 59-month CD Special Only available in certain regions of U.S. Account review
The Vanguard Group Brokered CD1.00% (APR) 5-year non-callable CDIssued by SMB*
Fidelity Brokered CD1.00% (APR) 5-year non-callable CDIssued by SMB*

Noteworthy Local Deals - 5-Year CDs

Complex Community Credit Union2.10% ($500) 60-month CD Midland and Odessa, Texas See review
EL TFCU1.87% ($50k) 60-month Jumbo Share Certificate El Paso County, Texas See review
La Joya Area Credit Union1.81% ($1k) 60-month CDHildago County, Texas
Navigator Credit Union1.80% ($100k) 60-month Jumbo Share CD2 AL and 1 MS counties See review
Luso-American Credit Union1.61% ($500) 5-year CD Essex County, Massachusetts See review

Over 5-Year CD Rates

The Vanguard Group Brokered CD1.80% (APR) 10-year non-callable CDIssued by SBoI*
Fidelity Brokered CD1.80% (APR) 10-year non-callable CDIssued by SBoI*
Fidelity Brokered CD1.35% (APR) 7-year non-callable CDIssued by BHAP*
SRP Federal Credit Union1.26% ($5k) 7-year Flex CDEasy membership See review
Northrop Grumman Federal Credit Union1.18% ($40k) 84-month Bonus Term CDEasy membership See review
Evansville Teachers Federal Credit Union1.15% ($1k) 6-year CDEasy membership See review
First National Bank of America1.15% ($1k) 84-month Time CD
PenFed Credit Union1.00% ($1k) 7-year Money Market Certificate (**NTS)Easy membership See review
AFFCU0.90% ($2.5k) 84-month Share CertificateEasy membership See review
Vio Bank0.70% ($500) 120-month High Yield Online CD Account review
Third Federal Savings and Loan0.70% ($500) 72-month CD Account review
Marcus by Goldman Sachs0.60% ($500) High-Yield 6 Year CD Account review
Discover Bank0.60% ($2.5k) 10-year CD Account review

Noteworthy Local Deals - Over 5-year CDs

State Nebraska Bank & Trust1.75% ($25k) 10-year Bank 4Ward CD Special Eastern Nebraska
Campus Federal1.60% ($1k) 72-month CD Louisiana Account review
Security First Credit Union1.56% ($100k), 1.46% ($50k), 1.41% ($25k), 1.36% ($1k) 84-month CD Rio Grande Valley, Texas See review
Monroe Savings Bank1.51% ($1k) 10-year CD South New Jersey
Slovenia Savings and Loan1.50% ($500) 120-month Certificate Washington County, Pennsylvania See review

*1stFB (1st Financial Bank USA), BBUSA (Beal Bank USA), BHAP (Bank Hapoalim), CMBR (Cambridge Savings Bank), ENER (Enerbank USA), FLAG (Flagstar Bank), FSB (First Savings Bank), ICBC (Industrial & Commercial Bank of China), MCBMN (MidCountry Bank MN), MZTB (Mizrahi Tefahot Bank), SAFB (Safra Bank), SBoI (State Bank of India), SMB (Sallie Mae Bank), TAB (Transportation Alliance Bank), UBS (UBS Bank USA),

**New To Summary, as of July 7, 2021

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available

Veridian Credit Union0.85% ($100k) 7-month Jumbo CD SpecialEasy membership See review
Gateway First Bank0.55% ($25k) 7-month Promo Share CertificateAvailable in 38 states Account review
Langley Federal Credit Union1.25% ($1k min/$10k max) 14-month CD Special Easy membership, but 14-month CD Special only available to new members in CD, MD, NC, and VA See review
Gateway First Bank0.75% ($25k) 13-month Promo Share CertificateAvailable in 38 states Account review

CDs Removed, Rate Too Low

TEXAR Federal Credit Union0.70% ($1k) 6-month Share Certificate4 Texas and 2 Arkansas counties See review
Gulf Coast Federal Credit Union1.00% ($500) 12-month Share Certificate 3 Texas counties
MilWay Credit Union1.00% ($2.5k) 12-month CD1 Texas and 2 Arkansas counties See review
NASA Federal Credit Union0.65% ($10k) 15-month Share Certificate SpecialEasy membership Account review
First Bank Richmond1.01% ($500) 17-month CD SpecialCentral Indiana
Navigator Credit Union1.00% ($100k) 18-month Jumbo Share CD 2 Alabama counties and portions of Gulfport, Mississippi See review
INSBANK Online0.70% ($2.5k) 2-year CD Account review
Live Oak Bank0.70% ($2.5k) 2-year CDAccount review
Slovenian Savings and Loan1.00% ($500) 24-month Certificate Washington County, Pennsylvania See review
USALLIANCE Financial0.85% ($500) 35-month Certificate Special Easy membership Account review
First Internet Bank0.80% ($1k) 36-month CD Account review
Slovenian Savings and Loan1.25% ($500) 36-month Certificate Washington County, Pennsylvania See review
Primary Bank0.85% ($1k) 4-year CDAvailable in CT, ME, MA, NH, RI, and VT Account review
CFG Bank1.00% ($500) 60-month CD Account review
Primary Bank0.95% ($1k) 5-year CDAvailable in CT, ME, MA, NH, RI, and VT Account review
Chartway Federal Credit Union0.85% (no min) 60-71 month Share Certificate Easy membership See review
Related Pages: 1-year CD rates, 5-year CD rates, nationwide deals, Internet banks
Comments
outtempster
  |     |   Comment #1
T-mobile Money account is FDIC insured up to $250K. However, it doesn't let you specify beneficiaries, so it's not POD or other account. You need to have it in your will or have your relatives aware of this account, as they need to be the ones contact T-mobile Money account first in case something happens to you (hopefully not).
deplorable_1
  |     |   Comment #2
The CD rates are so bad I'm beating most of them in my liquid cash account. Not sure why anyone would lock up their money with rates this low unless they were doing cc funding. Safety is one thing but you could allocate that cash to bank bonuses without locking it up for so long and still 100% FDIC insured. I'm thankful for all the add-on CD's that were posted on here prior to the rate drop I don't know what I would have done without them.
Johncider
  |     |   Comment #3
I put in for 6-7 month term and wait for a better day.
davidinNY
  |     |   Comment #4
Hi all...Has anyone seen the 5% CD offered at California Coast Credit Union? Its short but wild in todays market! The following is off their site. I intend to call tomorrow:
Take 5 Certificate benefits:
Fixed 5.00% APY1
Short 5-month term1
Open with as little as $500
New money required
Easy access to accounts:
Online Banking—review transaction history, utilize budget tools, make external transfers, and more.
Mobile Banking2 including Bill Pay, Deposit, PayItNow person-to-person payments3
Free eStatements
CoastLine Telephone Banking
111
  |     |   Comment #5
Here is the footnote to that offer, from their webpage ( https://www.calcoastcu.org/cd-accounts/take-five-certificates/ ) -

APY= Annual Percentage Yield. Rates are accurate as of 07/18/2021.  Early withdrawal penalty applies. Fees could reduce earnings. Offer excludes individual retirement accounts. New Money only. The Take 5 Certificate offer is available to new members only. This offer excludes existing memberships. A primary member is allowed to open one Take 5 Certificate Account under the same member name and related tax identification number. The minimum balance required to open the Take 5 Certificate and obtain the APY is $500. The maximum opening deposit balance is $5,000. In addition to the minimum balance requirements the following conditions also apply: (a) Consumer Account Members: An active (one transaction a month, including but not limited to, Direct Deposit, Preauthorized Payments, Checks, ATM, POS, Debit Card, and Bill Pay) checking account with eStatements OR open (funded) consumer loan (excluding share secured loans and Mastercard credit card account) OR a minimum balance of $5,000 in a money market account, regular certificate account, or IRA certificate account. (b) Business Account Members: An active (one transaction a month, including but not limited to, Direct Deposit, Preauthorized Payments, Checks, ATM, POS, Debit Card, and Bill Pay) Business Checking account with eStatements OR a minimum balance of $5,000 in a Business Money Market account (fees charged, if applicable) OR a Business Line of Credit (LOC). You will have a 30-day grace period to meet the requirements. If the conditions are not met, the 5.00% APY may be reduced to the APY in effect for a 3-Month Certificate Account for the remainder of the term. Membership and credit subject to approval. Serving everyone who lives or works in San Diego or Riverside counties. New members–a one-time $5 membership fee and savings account required. Cannot be combined with any other offer. Limited time offer. Subject to change without notice. Other restrictions may apply. Federally insured by NCUA.  

3 things stand out -
1) “The maximum opening deposit balance is $5,000.” (now, it doesn't overtly say what the TOTAL balance on which 5% will paid is - but since it does not seem to be an add-on CD, and since the OPENING balance is clearly limited to $5K, then...),
2) “Serving everyone who lives or works in San Diego or Riverside counties.”, and,
3) “In addition to the minimum balance requirements the following conditions also apply: (a) Consumer Account Members: An active (one transaction a month, including but not limited to, Direct Deposit, Preauthorized Payments, Checks, ATM, POS, Debit Card, and Bill Pay) checking account with eStatements OR open (funded) consumer loan (excluding share secured loans and Mastercard credit card account) OR a minimum balance of $5,000 in a money market account, regular certificate account, or IRA certificate account.” (etc.)

Not saying it wouldn't work for some, but ...
davidinNY
  |     |   Comment #6
You are exactly right. They do say that you can pay $15.00 to join if you do not live locally. I did see all the details, but was unable to call today. The online reviews also leads one to believe a lot of people are unhappy with this institution...but that is what makes the world go around. But more importantly: 5% on %5k is for 5 months is only $104.16. Not worth the trouble if you ask me. Now if it was on $250k for 36 months, then i would be on the next plane!
Choice
  |     |   Comment #7
Reminds me of one that flew from US to Canada from time to time to buy some nongeneric prescription drugs for a short term purchase…S/he stated the savings easily covered the plane fare from Michigan…previrus

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