CD Rates Summary July 2, 2019

POSTED ON TUESDAY, JULY 2, 2019 BY Ken Tumin

With the Fed changing course, banks and credit unions haven’t wasted any time in cutting their deposit rates. Both CD rates and savings account rates have been falling since the June Fed meeting. CD rate cuts have become widespread.

In the last two weeks, a few of the noteworthy cuts have occurred at the following banks: Comenity Direct (60-month fell 10 bps to 3.05% APY), First Internet Bank (60-month fell 10 bps to 2.92% APY), PurePoint Financial (60-month fell 50 bps to 2.50% APY, 13-month No-Penalty CD fell 50 bps to 2.00% APY), Goldman Sachs Bank USA (60-month fell 10 bps to 2.80% APY), Vio Bank (60-month fell 25 bps to 2.35% APY), WebBank (60-month fell 15 bps to 2.95% APY), and Rising Bank (36-month Rising CD fell 10 bps to 2.70% APY).

We have also seen many credit unions make CD rate cuts. These include Connexus Credit Union (60-month fell 35 bps to 3.00% APY), Advancial (12-month Jumbo CD fell 39 bps to 2.29%, University FCU (60-month Jumbo CD fell 20 bps to 2.95% APY), Interior FCU (24-month Jumbo fell 62 bps to 2.52% APY) and NASA Federal (15-month Special fell 30 bps to 2.40% APY, 49-month Special fell 25 bps to 2.50%).

Brokered CD Rates

Brokered CD rates for all terms have fallen in the last two weeks ago.

The top 1-year brokered CD rates this morning was 2.00% at Vanguard and 1.95% at Fidelity. Two weeks ago, the top rate at both firms was 2.15%. A month ago, the top rate was 2.40%.

Long-term brokered CD rates are also down from two weeks ago. The top 5-year brokered CD rate at Fidelity was 2.10%. At Vanguard, there were no non-callable 5-year CDs. Non-callable CDs were only available for terms under 5 years. Even though there were a few non-callable long-term CDs at Fidelity, most long-term CDs are now callable. In a few cases, the callable CDs have much higher rates. For example, the top callable 5-year CD this morning at Fidelity had a rate of 2.65%. That was 55 bps higher than the top non-callable brokered CD.

Non-callable long-term CDs are becoming harder to find. That’s an indication that banks think rates will be falling. 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.

Falling brokered CD rates is a trend that began in November of last year when the top 5-year rates reached as high as 3.60%.

Direct CD Rates

For nationally available CDs, there were many more rate cuts than rate hikes. Most noteworthy CDs this week are those that didn’t have rate cuts. It’s hard to tell how long these CD rates will hold steady.

Long-Term CD Rates

Andrews Federal Credit Union continues to offer four competitive Certificate Specials. The two long-term ones earn 3.45% APY (84 months) and 3.05% APY (55 months). Minimum deposit is $1,000, and both have an early withdrawal penalty of 360 days of interest.

Except for the special 10-month add-on Certificate that has ended, Navy Federal Credit Union is holding its Certicate rates steady in July. I asked Navy Federal about rate cuts, and I was told that “Our rate changes usually occur on the first Monday of the month, so it is likely that they will stay the same throughout July. However, they are subject to change at any time, so there could be updates.”

Navy Federal still has 3%+ rates on its long-term Certificates. The highest rates require a $100k minimum. These include 3.25% APY (5-year), 3.30% APY (6-year), and 3.35% APY (7-year). As I described in this 2017 post, many people can now qualify for membership based on family members who have served in the military.

Add-On CDs Still Available

One noteworthy 5-year CD that continues to be available is the 60-month Promo Jumbo CD at GTE Financial Credit Union which earns 3.30% APY for a $100k minimum deposit. What makes this especially noteworthy is that it allows unlimited add-on deposits. There’s also a non-Jumbo version with a lower rate (3.04% APY). Its minimum deposit is only $500. It should be noted that several readers have reported issues in the CD application and with customer service.

The other add-on deposit 5-year CD that’s nationally available is the 5-year Growth Certificates at Mountain America Credit Union (MACU). Unfortunately, the rate has again fallen. Last time, it fell from 3.10% APY to 2.95% APY. This time, it has fallen to 2.70% APY. In late 2018, this rate had been as high as 3.51% APY. There’s only a $5 minimum initial deposit. The main downside to this add-on CD is a maximum balance of $100k (in any one or combination of Growth Certificate accounts). MACU allows members to add money to their Growth Certificates at anytime. The account also requires an automated monthly deposit of at least $10.

Usefulness of Add-On CDs

These add-on CDs can be a useful way to hedge against falling rates. Open these CDs with the minimum deposit. If rates fall, you can always add on to these CDs, and the additional funds will receive the original CD rate.

Mid-Term CD Rates

We still have one remaining CD with a 4% APY. It’s the 25-month CD special at Dort Federal Credit Union. Minimum deposit is $50k. Unfortunately, it’s not widely available. Only residents of a few Michigan counties are eligible to join.

We no longer have any nationally available 3% 2-year CDs. The highest rate for a nationally available 2-year CD is 2.94% APY at State Bank of India in Chicago. Just below this is a new one to this category. It’s Nationwide by Axos Bank, and it’s offering 2.90% APY on a 2-year CD. Axos Bank (formerly BofI Federal Bank) recently acquired Nationwide Bank’s deposits, and they’re still keeping Nationwide CDs separate from the low-rates at Axos Bank.

Hanscom Federal Credit Union continues to offer its 19-month CD special which has been 3.00% APY since December. Anyone who joins one of Hanscom FCU’s sponsoring member organizations qualifies for Hanscom FCU membership.

Short-Term CD Rates

In addition to the competitive long-term CDs, Andrews Federal Credit Union continues to hold the top spot for short-term CDs with its 2.86% APY on a special 8-month CD. This special has been available since November.

The top rate for a non-IRA CD with a term around one year is now 2.85% APY. This is being offered by two banks: MapleMark Bank and Quontic Bank.

PurePoint Financial’s recently made several CD rate cuts, including a large cut to its 13-month No-Penalty CD (now 2.00% APY). The new no-penalty CD rate leader is the 13-month No-Penalty CD at Goldman Sachs Bank USA. This no-penalty CD earns 2.35% APY, and its minimum deposit is only $500. With the odds rising that rates will be falling later this year, the No-Penalty CD is a good way to avoid short-term rate reductions while maintaining liquidity.

Savings & Money Market Account Rates

For liquid accounts, the top rate is now 2.55% APY. This is available nationwide at Northpointe Bank. Its Ultimate Savings Account earns 2.55% APY with a minimum balance of $25k, and a maximum balance of $1 million. This is a promotional rate that’s guaranteed for three months. Northpointe Bank had offered a 24-month rate guarantee for its Ultimate Money Market, but the rate was only 2.30% APY. The Ultimate Money Market still earns 2.30% APY, but the rate guarantee period is now only 3 months.

For those without a large balance, the rate leader is now Vio Bank’s Online High Yield Savings Account (2.52% APY).

Another bank with a promotional rate and a rate guarantee period is Northern Bank Direct. It continues to offer 2.50% APY on all balances up to $250k. The rate is guaranteed to last through 2019.

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 July 2, 2019

Under 1-Year CD Rates

Institution	Rates	Notes
California Coast Credit Union	9.00% ($500 min/$3k max) 5-month Celebration Certificate	Easy membership See review
Andrews Federal Credit Union	2.86% ($1k) 8-month Certificate Special	Easy membership See review
NBKC	2.65% ($10k) 10-month Certificate Special
Northpointe Bank	2.55% ($25k+), 1.12% (below $25k and $1m+)	Ultimate Savings (rate guaranteed for 3 months) Account review
MutualOne Bank	2.53% ($500) 7-month Online CD	See review
Northern Bank Direct	2.50% Money Market, rate guarantee through 12/31/2019	Internet bank See review
United Bank	2.50% Advantage Money Market, 180-day rate guarantee	25 states See review
Virtual Bank	2.45% ($10k) 9-month eCD	See review
DollarSavingsDirect	2.40% ($1k) 6-month CD	Internet bank See review
EmigrantDirect	2.40% ($1k) 6-month CD	Internet bank See review
MySavingsDirect	2.40% ($1k) 6-month CD	Internet bank See review
My eBanc	2.40% ($100k), 2.30% ($10k) 11-month Flex Time Deposit	See review
Limelight Bank	2.35% ($1k) 6-month CD	Internet bank See review
Communitywide FCU	2.35% ($2k) 6-month Share Certificate	Easy membership Account review
Live Oak Bank	2.35% ($2.5k) 6-month CD	Internet bank Account review
WebBank	2.35% ($2.5k) 6-month CD	See review
CD Bank	2.35% ($10k) 6-month CD	Internet bank See review
NASA Federal Credit Union	2.35% ($10k) 9-month CD	Easy membership See review
Marcus by Goldman Sachs	2.35% ($500) 13-month No-Penalty CD	Internet bank See review
CD Bank	2.30% ($10k) 9-month CD	Internet bank See review
Ally Bank	2.30% ($25k), 2.15% ($5k) No-Penalty 11-month CD	Internet bank See review
Advancial	2.28% ($50k) 6-month Jumbo Certificate	Easy membership See review
Advancial	2.28% ($50k) 3-month Jumbo Certificate	Easy membership See review
Investors eAccess	2.25% ($500) 6-month No Penalty CD	Internet bank - Account review
Customers Bank	2.25% ($25k)	Ascent Money Market Savings (rate guarantee through 12/31/2019 - Account review
Citizens Access	2.20% ($5k min) 6-month Online CD	Internet Bank Account review
The Vanguard Group Brokered CD	2.00% (APR) 3-month non-callable CD	Issued by BoEA, HGIS*
Fidelity Brokered CD	2.00% (APR) 3-month non-callable CD	Issued by GWB, RKTC, RSB&T*
The Vanguard Group Brokered CD	2.00% (APR) 6-month non-callable CD	Issued by BoEA, FLAG*
Fidelity Brokered CD	2.00% (APR) 6-month non-callable CD	Issued by BoEA, PWB*
The Vanguard Group Brokered CD	2.00% (APR) 9-month non-callable CD	Issued by BoEA, PINB*
Fidelity Brokered CD	2.00% (APR) 9-month non-callable CD	Issued by BoA*

Noteworthy Local Deals - Under 1-Year CDs

Ardent Credit Union	4.00% ($100 min/$25k max) 9-month CD (ends July 3)	7 southeast Pennsylvania counties See review
1st Financial Federal Credit Union	3.00% ($1k) 8-month CD Special	St. Louis and St. Charles Counties (MO), City of St. Louis See review
Share Point Credit Union	3.00% ($10k max) eSavings, 2 year rate guarantee	7 Minnesota counties See review
Bankers Trust Company	2.75% ($1k, base rate) 7-23 month Pick-a-Term CD	Iowa and Arizona See review
1st Financial Federal Credit Union	2.75% ($1k) 8-month Certificate	St. Charles and St. Louis Counties, City of St. Louis
BHCU	2.75% ($2.5k) iSAVE Money Market, 12-month rate guarantee	Delaware County, PA See review
First Peoples Community Federal Credit Union	2.60% ($500) 9-month CD Promo	3 Maryland, 3 Pennsylvania, and 3 West Virginia counties See review
Advantage Federal Credit Union	2.50% ($500) 5-month Share Certificate Special	Rochester, NY area See review
America First Credit Union	2.50% ($500) 6-11 month Regular Certificate	11 Utah, 11 Nevada, 16 Idaho, 2 Arizona, and 1 Oregon counties See review
Wasatch Peaks Credit Union	2.50% ($500) 6-month CD	3 Utah counties See review
Kellogg Community Credit Union	2.50% ($500) 9-month CD Special	15 west Michigan counties See review
Westbury Bank	2.25% ($500) 9-month CD	Eastern Wisconsin See review
Providence Bank	2.25% ($2.5k) 9-month CD Special	7 Missouri and 1 Illinois counties See review
Dime Community Bank	2.25% ($500) 14-month No-Penalty CD	New York State See review
Members Choice Credit Union	2.25% ($50k) 9-month Jumbo CD	Houston area See review

1-Year CD Rates

INOVA Federal Credit Union	2.95% ($200) 14-month IRA	Easy membership See review
Quontic Bank	2.85% ($1k) 1-year CD
MapleMark Bank	2.85% ($25k) 12-month Online CD	Account review
State Bank of India (IL)	2.84% ($2.5k) 1-year Senior Citizen CD
TotalDirectBank	2.82% ($25k min) 12-month CD	Internet Bank
SouthEast Bank	2.81% ($1k) 12-month Online Step Up CD	Account review
Limelight Bank	2.80% ($1k) 12-month CD	Internet bank See review
Comenity Direct	2.80% ($1.5k) 1-year CD	Internet bank Account review
State Bank of India	2.78% ($25k) 12-month Senior Citizen CD	See review
Navy Federal Credit Union	2.75% ($50-$100k) 10-month Special Certificate w/add-on	Military relationship See review
First National Bank of America	2.75% ($1k) 1-year CD
SallieMae Bank	2.75% ($2.5k) 12-month CD	Account review
Merrick Bank	2.75% ($25k) 12-month CD	Internet bank Account review
State Bank of India (IL)	2.73% ($2.5k) 1-year CD
INOVA Federal Credit Union	2.70% ($200) 14-month CD	Easy membership See review
Nationwide by Axos Bank	2.70% ($500) 12-month CD	Internet bank Account review
Rising Bank	2.70% ($1k) 1-year Term CD	Internet bank Account review
Banesco USA	2.70% ($1.5k) 12-month CD	Internet bank See review
Live Oak Bank	2.70% ($2.5k) 1-year CD	Internet bank Account review
First Internet Bank	2.68% ($1k) 12-month CD	Internet bank See review
WebBank	2.65% ($2.5k) 1-year CD	See review
Colorado Federal Savings Bank	2.60% ($5k) 12-month CD	Internet bank Account review
TIAA Bank	2.55% ($5k) 1-year Yield Pledge CD	Internet bank See review
Alliant Credit Union	2.55% ($25k) 12-17 month Jumbo Share Certificate	Internet bank See review
Ally Bank	2.55% ($25k) High-Yield 12-month CD	Internet bank See review
NASB	2.53% ($1k) 12-month Online CD Special	See review
Citizens Access	2.50% ($5k) 12-month Online CD	Internet Bank Account review
The Vanguard Group Brokered CD	2.00% (APR) 1-year non-callable CD	Issued by PINB*
Fidelity Brokered CD	1.95% (APR) 1-year non-callable CD	Issued by BoA, CATH, ICBC*

Noteworthy Local Deals - 1-Year CDs

Red Rocks Credit Union	3.00% ($1k) 12-month CD Special	Easy membership for Colorado residents See review
Rhinebeck Bank	2.95% ($2k) 14-month CD Special	Dutchess, Orange, and Ulster Counties, NYSee review
Sawyer Savings Bank	2.85% ($500) 11-month CD Special	New York state See review
Linn Area Credit Union	2.85% ($1k) 12-month CD Special	22 eastern Iowa counties See review
Navy Army Community Credit Union	2.83% ($1k) 13-month CD Special	8 South Texas counties See review
Cross River Bank	2.80% ($500) 12-month CD	New Jersey See review
Seattle Bank	2.80% ($1k) 12-month CD	Washington State See review
Verve, a Credit Union	2.79% ($1k) 14-month Share Certificate Special	21 Wisconsin and 2 Minnesota counties See review
America First Credit Union	2.75% ($500) 12-23 month Regular Certificate	11 Utah, 11 Nevada, 16 Idaho, 2 Arizona, and 1 Oregon counties See review
Wasatch Peaks Credit Union	2.75% ($500) 12-month CD	3 Utah counties See review
Baton Rouge Telco Federal Credit Union	2.70% ($500) 12-month Share Certificate	10 Louisiana parishes See review
Centric Bank	2.70% ($1k) 13-14 month CD Special	Cumberland and Dauphin Counties, PA See review
First Florida Credit Union	2.69% ($50k) 13-month CD Special	29 Florida counties See review

18-month CD Rates

Hanscom Federal Credit Union	3.00% ($1k) 19-month CD Special	Easy membership See review
Andrews Federal Credit Union	2.95% ($1k) 17-month Certificate Special	Easy membership See review
State Bank of India (IL)	2.89% ($2.5k) 15-month CD Special
Nationwide by Axos Bank	2.80% ($500) 18-month CD	Internet bank Account review
Limelight Bank	2.80% ($1k) 18-month CD	Internet bank See review
Pacific National Bank	2.80% ($1k) 18-month Online Promo CD	Internet bank See review
Sallie Mae Bank	2.80% ($2.5k) 18-month CD	Internet bank See review
Security Bank (OK)	2.78% ($2k) 18-month Spring CD Special	See review
Northern Bank Direct	2.76% ($500) 18-month CD	Internet bank Account review
First Internet Bank	2.73% ($1k) 18-month CD	Internet bank See review
Live Oak Bank	2.70% ($2.5k) 18-month CD	Account review
Rising Bank	2.70% ($25k) 18-month Rising CD	Add-on & Bump-up options, Internet bank Account review
MapleMark Bank	2.65% ($25k) 18-month CD	Account review
Citizens Access	2.50% ($5k min) 18-month Online CD	Internet Bank Account review
Ally Bank	2.08% (2.85% High Yield 5-Year CD closed after 18 months)	See review
Fidelity Brokered CD	2.00% (APR) 18-month non-callable CD	Issued by FLAG*
The Vanguard Group Brokered CD	1.95% (APR) 18-month non-callable CD	Issued by BNB, ICBC*

Noteworthy Local Deals - 18-Month CDs

A+ Federal Credit Union	3.07% ($1k) 19-month CD Special	Easy membership for Texas residents See review
Homeland Credit Union	3.00% ($75k) 18-month Jumbo CD	9 Ohio counties See review
Kellogg Community Credit Union	3.00% ($500) 19-month CD Special	15 west Michigan counties See review
Savers Bank	2.90% ($500) 19-month Certificate Special	Worcester County, Massachusetts
Cross River Bank	2.88% ($500) 18-month CD	New Jersey See review
FORUM Credit Union	2.85% ($500) 18-month CD	Most of Indiana counties
Homeland Credit Union	2.85% ($500) 18-month CD	9 Ohio counties See review
Cobalt Credit Union	2.85% ($100k), 2.75% ($1k) 18-month Term Share Certificate	7 Nebraska and 9 Iowa counties See review
Members First Credit Union	2.81% ($1k) 15-month CD Special	Michigan See review
Granite Credit Union	2.75% ($500) 18-month Alumni CD	Salt Lake County, Utah See review

2-Year CD Rates

State Bank of India (IL)	2.94% ($2.5k) 2-year Senior Citizen CD
Nationwide by Axos Bank	2.90% ($500) 24-month CD	Internet bank Account review
Quontic Bank	2.90% ($1k) 2-year CD
First National Bank of America	2.85% ($1k) 24-35 month CD
Comenity Direct	2.85% ($1.5k) 2-year CD	Internet bank Account review
WebBank	2.85% ($2.5k) 2-year CD	See review
MapleMark Bank	2.85% ($25k) 24-month CD	Account review
TotalDirectBank	2.85% ($25k) 24-month CD	Internet Bank
State Bank of India (IL)	2.84% ($2.5k) 2-year CD
State Bank of India	2.83% ($25k) 2-year Senior Citizen CD	See review
Georgia Banking Company	2.80% ($500) 2-year Certificate	See review
First Internet Bank	2.78% ($1k) 24-month CD	Internet bank See review
SallieMae Bank	2.75% ($2.5k) 24-month CD	Account review
Live Oak Bank	2.70% ($2.5k) 2-year CD	Internet bank Account review
Rising Bank	2.70% ($1k) 2-year Term CD	Internet bank Account review
M.Y. Safra Bank	2.70% ($5k) 24-month Online Promo CD	See review
AgFed Credit Union	2.60% ($1k) 24-month CD	Easy membership See review
Consumers Credit Union	2.60% ($100k) 22-month Jumbo CD Special	Easy membership Account review
Citizens Access	2.55% ($5k min) 2-year Online CD	Internet Bank Account review
Ally Bank	2.27% (2.85% High Yield 5-Year CD closed after 2 years)	See review
The Vanguard Group Brokered CD	2.10% (APR) 2-year non-callable CD	Issued by SMB*
Fidelity Brokered CD	2.05% (APR) 2-year non-callable CD	Issued by GSB, TIAA*

Noteworthy Local Deals - 2-Year CDs

Dort Federal Credit Union	4.00% ($50k) 25-month IRA Certificate	4 mid-Michigan counties See review
Red Rocks Credit Union	3.30% ($5k) 24-month CD Special	Easy membership for Colorado residents See review
Arsenal Credit Union	3.25% ($500) 24-month CD	St. Louis metropolitan area (MO and IL) See review
Community Financial Services Bank	3.19% ($1k) 29-month CD Special	IN, IL, KY, MO, and TN See review
Kellogg Community Credit Union	3.15% ($500) 29-month CD Special	15 west Michigan counties See review
SimplyBank	3.13% ($500) 21-month Quarterly CoD	Eastern Tennessee
ELGA Credit Union	3.10% ($25k) 27-month CD Special	6 Michigan counties See review
Teachers Credit Union	3.09% ($1k) 25-month CD Special	Indiana and 2 southwest Michigan counties See review
F&M Bank	3.00% ($1k) 24-month My Choice CD	7 middle Tennessee counties See review
Consumers Credit Union (MI)	3.00% ($1k) 25-month CD Special	Michigan's Lower Peninsula See review
Seattle Bank	2.95% ($1k) 24-month CD	Washington State See review

3-Year CD Rates

Hughes Federal Credit Union	3.10% ($99k) 36-month Jumbo CD	Easy membership See review
GTE Financial	3.09% ($100k) 36-month Promo Add-On Jumbo Share Certificate Special	Easy membership See review
State Bank of India (IL)	3.04% ($2.5k) 3-year Senior Citizen CD
Hughes Federal Credit Union	2.99% ($50k) 36-month Mini-Jumbo CD	Easy membership See review
State Bank of India (IL)	2.94% ($2.5k) 3-year CD
State Bank of India	2.93% ($25k) 3-year Senior Citizen CD	See review
Comenity Direct	2.90% ($1.5k) 3-year CD	Internet bank Account review
First National Bank of America	2.89% ($1k) 36-47 month CD
WebBank	2.85% ($2.5k) 3-year CD	See review
Connexus Credit Union	2.85% ($5k) 36-month Share Certificate	Easy membership See review
Sun East Federal Credit Union	2.85% ($99k) 36-month Jumbo CD	Easy membership See review
First Internet Bank	2.82% ($1k) 36-month CD	Internet bank See review
Ally Bank	2.47% (2.85% High Yield 5-Year CD closed after 3 years)	See review
The Vanguard Group Brokered CD	2.20% (APR) 3-year non-callable CD	Issued by SMB*
Fidelity Brokered CD	2.10% (APR) 3-year non-callable CD	Issued by GSB, TIAA*

Noteworthy Local Deals - 3-Year CDs

Money One Federal Credit Union	3.60% ($25) 3-year IRA	Prince George's County, Maryland See review
AEA Federal Credit Union	3.50% ($1k) 30-month CD Special, w/checking	La Paz and Yuma Counties, AZ See review
EFCU Financial	3.50% ($100k) 36-month Jumbo IRA	9 Louisiana parishes See review
American United Federal Credit Union	3.35% (no Bump), 3.25% (Bump) ($500) 36-month Share Certificate	Salt Lake and Tooele Counties, Utah See review
Red Rocks Credit Union	3.35% ($5k) 36-month CD Special	Easy membership for Colorado residents See review
Navy Army Community Credit Union	3.33% ($1k) 30-month CD	8 South Texas counties See review
AEA Federal Credit Union	3.25% ($1k) 30-month CD Special	La Paz and Yuma Counties, AZ See review
Unitus Credit Union	3.25% ($500) 36-month CD	Washington State and 15 Oregon counties See review
Neighbors Federal Credit Union	3.25% ($1.5k) 36-month Share Certificate	9 Louisiana parishes
Peoples Bank	3.22% ($2.5k) 33-month CD	Pointe Coupee and East Baton Rouge Parishes, Louisiana See review
InvesTex Credit Union	3.13% ($50k) 3-year Jumbo CD	North Houston area See review
Verve, a Credit Union	3.04% ($1k) 39-month Share Certificate Special	21 Wisconsin and 2 Minnesota counties See review
Woodruff Federal Savings & Loan Assocation	3.03% ($1k) 36-month CD	5 upstate South Carolina counties See review
Seattle Bank	3.00% ($1k) 36-month CD	Washington State See review
Signature Bank	3.00% ($1k) 36-month No Penalty CD Special	Atlanta 29-County Metropolitan Statistical Area See review
Bankers Trust Company	3.00% ($1k, base rate) 36-month Anniversary CD Promotion	Iowa and Arizona See review

4-Year CD Rates

Connexus Credit Union	3.20% ($5k) 42-month Share Certificate	Renewals only - Easy membership See review
GTE Financial	3.20% ($100k) 48-month Promo Add-On Jumbo Share Certificate Special	Easy membership See review
State Department Federal Credit Union	3.14% ($500) 48-month IRA Certificate	Easy membership
University Federal Credit Union	3.14% ($100k) 48-month Fixed Jumbo CD	Easy membership
Hanscom Federal Credit Union	3.10% ($1k) 48-month CD Special	Easy membership See review
First National Bank of America	3.05% ($1k) 48-59 month CD
State Bank of India	2.98% ($25k) 4-year Senior Citizen CD	See review
Comenity Direct	2.95% ($1.5k) 4-year CD	Internet bank Account review
Georgia Banking Company	2.90% ($500) 4-year Certificate	See review
First Internet Bank	2.87% ($1k) 48-month CD	Internet bank See review
Latino Credit Union	2.80% ($200k) 48-month Jumbo CD	Easy membership See review
Ally Bank	2.58% (2.85% High Yield 5-Year CD closed after 4 years)	See review
Fidelity Brokered CD	2.05% (APR) 4-year non-callable CD	Issued by MBC*
The Vanguard Group Brokered CD	2.00 (APR) 4-year non-callable CD	Issued by FSBI*

Noteworthy Local Deals - 4-Year CDs

EFCU Financial	3.60% ($100k) 48-month IRA	9 Louisiana parishes See review
EFCU Financial	3.50% ($500) 48-month IRA	9 Louisiana parishes See review
EFCU Financial	3.50% ($100k) 48-month CD	9 Louisiana parishes See review
American United Federal Credit Union	3.45% (no Bump), 3.35% (Bump) ($500) 48-month Share Certificate	Salt Lake and Tooele Counties, Utah See review
EFCU Financial	3.40% ($500) 48-month CD	9 Louisiana parishes See review
Community Financial Services Bank	3.39% ($1k) 49-month CD Special	IN, IL, KY, MO, and TN See review
UNICO Bank	3.30% ($1k) 48-month CD	3 Missouri and 3 Arkansas counties See review
Dupaco Community Credit Union	3.26% ($100k), 3.01% ($5k) 45-month Jumbo CD Special	All of Iowa, 4 Wisconsin and 5 Illinois counties See review
Hills Bank	3.25% ($500) 47-month CD Special	Iowa See review
P1FCU	3.25% ($500) 48-month Share Certificate	12 Idaho and 2 Washington counties See review
Neighbors Federal Credit Union	3.25% ($1.5k) 48-month Share Certificate	9 Louisiana parishes
Du Trac Community Credit Union	3.25% ($5k) 48-month Bump Up Certificate Special	16 Iowa, 4 Illinois, and 1 Wisconsin counties See review
Tech Credit Union	3.20% ($100k) 50-month Jumbo Compound CD	4 NW Indiana and 2 NE Illinois counties See review
Seattle Bank	3.15% ($1k) 48-month CD	Washington State See review
Cross River Bank	3.15% ($500) 48-month CD	New Jersey See review
InvesTex Credit Union	3.13% ($50k) 4-year Jumbo CD	North Houston area See review
Mutual First Federal Credit Union	3.12% ($1k) 43-month CD Special	1 Iowa and 3 Nebraska counties See review
Tech Credit Union	3.07% 50-month Premium Compound CD	4 NW Indiana and 2 NE Illinois counties See review

5-Year CD Rates

GTE Financial	3.30% ($100k) 60-month Promo Add-On Jumbo Share Certificate Special	Easy membership See review
State Department Federal Credit Union	3.29% ($500) 60-month IRA Certificate	Easy membership
Tampa Bay Federal Credit Union	3.25% ($500) 60-month CD	Easy membership See review
Navy Federal Credit Union	3.25 ($100k), 3.15% ($50k) 3.00% ($1k) 5-year CD	Military relationship See review
Citizens State Bank (FL)	3.20% ($1k) 60-month CD	See review
Signature Federal Credit Union	3.20% ($100k) 5-year Jumbo Share Certificate	Easy membership
First National Bank of America	3.15% ($1k) 60-month CD
State Bank of India (IL)	3.14% ($2.5k) 5-year Senior Citizen CD
Quontic Bank	3.10% ($1k) 60-month CD	See review
Signature Federal Credit Union	3.10% ($50k) 5-year Share Certificate	Easy membership
Sun East Federal Credit Union	3.10% ($99k) 60-month Jumbo CD	Easy membership
State Department Federal Credit Union	3.09% ($500) 60-month Certificate	Easy membership
Comenity Direct	3.05% ($1.5k) 5-year CD	Internet bank Account review
GTE Financial	3.04% ($500) 60-month Promo Add-On Share Certificate	Easy membership See review
State Bank of India	3.03% ($25k) 5-year Senior Citizen CD	See review
Affinity Plus Federal Credit Union	3.00% ($500) 60-month CD	Easy membership
Connexus Credit Union	3.00% ($5k) 60-month Share Certificate	Easy membership See review
University Federal Credit Union	2.95% ($100k) 60-month Fixed Jumbo CD	Easy membership
Fidelity Brokered CD	2.10% (APR) 5-year CALLABLE CD	Issued by MBC*

Noteworthy Local Deals - 5-Year CDs

EFCU Financial	3.70% ($100k) 60-month Jumbo IRA	9 Louisiana parishes See review
American United Federal Credit Union	3.60% (no Bump), 3.50% (Bump) ($500) 60-month Share Certificate	Salt Lake and Tooele Counties, Utah See review
Greenville Heritage Credit Union	3.51% ($100k), 3.40% ($50k), 3.30% ($1k) 60-month Fixed CD	Greenville County, South Carolina See review
Glass City Federal Credit Union	3.50% ($500) 60-month CD Special	4 NW Ohio counties See review
Members Heritage Credit Union	3.40% ($100k) 5-year Jumbo CD	22 Kentucky counties See review
UNICO Bank	3.35% ($1k) 60-month CD	3 Missouri and 3 Arkansas counties See review
P1FCU	3.35% ($500) 60-month Share Certificate	12 Idaho and 2 Washington counties See review
Neighbors Federal Credit Union	3.35% ($1.5k) 60-month Share Certificate	9 Louisiana parishes
URW Community Credit Union	3.35% ($2.5k) 5-year CD	1 North Carolina and 3 Virginia counties See review
Shell Federal Credit Union	3.35% ($50k), 3.30% ($500) 60-month Share Certificate	Harris County, Texas See review
All In Credit Union	3.34% ($1k) 60-month CD	5 SE Alabama counties, Mobile Bay area, Florida's Emerald Coast; military relationshipSee review
CASE Credit Union	3.30% ($500) 5-year TDA	Michigan's Lower Peninsula See review
Seattle Bank	3.30% ($1k) 60-month CD	Washington State See review
Texas Bay Credit Union	3.30% ($1k) 60-month Certificate	Greater Houston metro area See review
Enrichment Federal Credit Union	3.30% ($2.5k) 59-month Share Certificate Special	8 Tennessee counties See review
Financial One Credit Union	3.27% ($1k) 58-month CD Special	Anoka County (MN), Northeast MinneapolisSee review
Saginaw Medical Federal Credit Union	3.26% ($500) 60-month Share Certificate	Michigan See review
Wildfire Credit Union	3.25% ($500), 62-month CD Special	All Michigan counties
Suncoast Credit Union	3.20% ($100k) 60-month Jumbo CD	39 Florida counties See review
InvesTex Credit Union	3.13% ($50k) 5-year Jumbo CD	North Houston area See review
Signal Financial Federal Credit Union	3.10% ($500) 60-month Share Certificate	EMR for Maryland, Virginia, District of Columbia See review
LAFCU	3.10% ($10k) 60-month Jumbo Term Share Certificate	All Michigan counties See review
Texas Bay Credit Union	3.09% ($50k) 60-month Jumbo Certificate	Greater Houston metro area See review

Over 5-Year CD Rates

Andrews Federal Credit Union	3.45% ($1k) 84-month Share Certificate	Easy membership See review
First National Bank of America	3.35% ($1k) 84-month Time CD
Navy Federal Credit Union	3.35% ($100k), 3.25% ($50k) 3.10% ($1k) 7-year CD	Military relationship See review
Navy Federal Credit Union	3.30% ($100k), 3.20% ($50k) 3.05% ($1k) 6-year CD	Military relationship See review
First National Bank of America	3.25% ($1k) 72-month CD
M.Y. Safra Bank	3.06% ($5k) 72-month Online Promo CD	See review
Northrop Grumman Federal Credit Union	3.00% ($40k) 84-month Bonus Term CD	Easy membership See review
Apple Federal Credit Union	3.00% ($500) 120-month CD
Fidelity Brokered CD	2.60% (APR) 10-year non-callable CD	Issued by DIS* (no non-callable 10yr CDs available)
Fidelity Brokered CD	2.45% (APR) 7-year non-callable CD	Issued by DIS* (no non-callable 7yr CDs available)

Noteworthy Local Deals - Over 5-year CDs

Eaton Federal Savings Bank	3.39% ($500) 7-year CD	5 Central Michigan counties
Signal Financial Credit Union	3.35% ($500) 72-month Share Certificate	Easy membership for residents of MD, VA, and DC See review
Selco Community Credit Union	3.30% ($500) 7-year CD	27 Oregon counties
Lebanon Federal Credit Union	3.10% ($500) 66-month CD Special	Lebanon County, Pennsylvania
Gesa Credit Union	3.25% ($100k) 3.00% ($50k) 2.75% ($500) 84-month Certificate	Washington State Account review
Security Credit Union	3.25% ($1k) 6-year Share Certificate	Michigan
First Community Credit Union	3.10% ($500) 72-month CD	5 Missouri and 3 Illinois counties Account review
Fairfax County Credit Union	3.00% ($2.5k) 72-month Share Certificate	Fairfax County, Virginia Account review
Security Service Federal Credit Union	3.00% ($50k), 2.95% ($25k), 2.90% ($500) 7-year CD	Select areas in Texas, Colorado, and Utah

*BNB (Banner Bank), BoA (Bank of America), BoEA (Bank of East Asia), CATH (Cathay Bank), DIS (Discover Bank), FLAG (Flagstar Bank FSB), FSBI (First Source Bank IN), GSB (GS Bank), GWB (Great Western Bank), HGIS (Hingham Institution for Savings), ICBC (Industrial & Commercial Bank of China), MBC (Merrick Bank), PINB (Pinnacle Bank), PWB (Pacific Western Bank), RKTC (Rockland Trust Company), RSB&T (Rollstone Bank & Trust), SMB (SallieMae Bank), TIAA (TIAA Bank)

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

West End Bank

3.00% ($500) 33-month CD Special

Account review

CDs Removed, No Longer Available - Local

Tropical Financial Credit Union	2.85% ($500) 15-month CD	9 Florida counties
Cornerstone Federal Credit Union	3.00% ($5k) 19-month Regular Certificate Special	Easy membership for Tennessee and Kentucky See review
Wildfire Credit Union	3.25% ($500), 49-month CD Special	All Michigan counties

CDs Removed, Rate Too Low - National

Colorado Federal Savings Bank	2.10% ($5k) 6-month CD	Internet bank Account review
Vio Bank	2.05% ($500) 9-month High Yield Online CD	Internet bank See review
PurePoint Financial	2.00% ($10k) 13-month No-Penalty CD	Internet bank Account review
CapitalOne Bank	2.30% 12-month 360 CD	Account review
Advancial	2.29% ($50k) 1-year Jumbo Certificate	Easy membership See review
CD Bank	2.25% ($10k) 12-month CD	Internet bank See review
PurePoint Financial	2.25% ($10k) 12-month CD	Internet bank See review
Popular Direct	2.50% ($10k) 18-month Popular Direct CD	Internet bank
AgFed Credit Union	2.45% ($1k) 18-month CD	Easy membership See review
CommunityWide Federal Credit Union	2.45% ($2k) 18-month Share Certificate	Easy membership Account review
NASA Federal Credit Union	2.40% ($5k) 15-months Share Certificate	Easy membership See review
Interior Federal Credit Union	2.37% ($100k) 20-month Bump Up Jumbo Share Certificate	Easy membership Account review
Advancial	2.30% ($50k) 18-month Jumbo Certificate	Easy membership See review
CD Bank	2.25% ($10k) 18-month CD	Internet bank See review
Colorado Federal Savings Bank	2.55% ($5k) 24-month CD	Internet bank Account review
Interior Federal Credit Union	2.52% ($100k) 24-month Jumbo Share Certificate	Easy membership Account review
CommunityWide Federal Credit Union	2.50% ($2k) 24-month Share Certificate	Easy membership Account review
USALLIANCE Financial	2.50% ($500) 24-month CD	Easy membership Account review
U S Postal Service Federal Credit Union	2.15% ($10k) 2-year e-MISCA Certificate	Easy membership Account review
CD Bank	2.15% ($10k) 24-month CD	Internet bank See review
M.Y. Safra Bank	2.76% ($5k) 36-month Online Promo CD	See review
Citizens Access	2.70% ($5k) 36-month CD	Internet bank Account review
WebBank	2.95% ($2.5k) 5-year CD	See review
First Internet Bank	2.92% ($1k) 60-month CD	Internet bank See review
Citizens Access	2.80% ($5k) 5-year Online CD	Internet bank See review
PurePoint Financial	2.50% ($10k) 60-month Online CD	Internet bank See review

CDs Removed, Rate Too Low - Local

Town & Country Federal Credit Union	2.02% ($500) 12-month Share Certificate Special	Cumberland and York Counties, Maine See review
Hanmi Bank	2.45% ($5k) 13-month Gro CD	CA, IL, NJ, NY, TX, VA See review
Jefferson Financial Credit Union	2.06% ($100k) 12-month Share Certificate	6 Louisiana parishes and 6 Alabama counties See review
Hanmi Bank	2.55% ($5k) 15-month Gro CD	CA, IL, NJ, NY, TX, VA See review
America First Credit Union	2.75% ($500) 24-29 month Regular Certificate	11 Utah, 11 Nevada, 16 Idaho, 2 Arizona, and 1 Oregon counties See review
First United Credit Union	2.65% ($500) 24-month CD Special, checking relationship	All Michigan counties See review
Suncoast Credit Union	2.45% ($100k) 24-month Jumbo CD	39 Florida counties See review
Jefferson Financial Credit Union	2.06% ($10k) 24-month Share Certificate	6 Louisiana parishes and 6 Alabama counties See review
Jefferson Financial Credit Union	2.06% ($100k) 36-month Share Certificate	6 Louisiana parishes and 6 Alabama counties See review
Jefferson Financial Credit Union	2.07% ($100k) 48-month Share Certificate	6 Louisiana parishes and 6 Alabama counties See review
Bank of Utica	3.00% ($500) 5-year CD	3 upstate New York counties See review
Pioneer Valley Credit Union	2.65% ($25k) 2.55% ($1k) 60-month Share Certificate	Easy membership for CT, MA, NH, NY, RI, VT See review
Jefferson Financial Credit Union	2.11% ($100k) 60-month Share Certificate	6 Louisiana parishes and 6 Alabama counties See review

Post Publication Edits

7/3/2019: Citizens Access CD rates lowered.
7/3/2019: Suncoast CU CD rates lowered.
7/3/2019: Jefferson FInancial CU CDs removed following rate decreases.

Miki Dora | Jul 5, 2019 | Comment #45

Blow out job numbers 224k for June , got to lower rates ??????

Milty | Jul 6, 2019 | Comment #46

Yes, after which the Dow fell . . . Therefore, lower rates to zero immediately, raise tax rates on interest income, only measure inflation based on appliance sales, and let the bombs start falling . . . saving is losing.

deplorable 1 | Jul 6, 2019 | Comment #47

The Dow fell only slightly and there is no need to cut rates after the last jobs report. Not that they won't do it anyway based on bogus inflation numbers and political pressure from Trump(.25% cut and done max). Maybe Powell will grow a pair and keep rates where they are now? He didn't raise rates too high and has been doing a good job so far. His only mistake was to cave in to stock market pressure and telegraph a rate cut way too soon before he had enough economic data.

gregk | Jul 6, 2019 | Comment #48

Powell strikes me as a rather shifty character without much conviction or constancy about him, - just the type that someone like Trump can push around. Why in the world else will a rate cut happen later this month? "Trade pressures" and "world economic weakness" are such fatuous rationales, and in fact quite transparent covers for capitulation to stock market manipulators and a bully President. One can only sigh.

deplorable 1 | Jul 6, 2019 | Comment #49

I have to agree with you gregk. I was pretty shocked when he did a about face on rate hikes this year before getting to 3%. It seemed like he was caving in to political and stock market pressure. Now it seems he may be willing to cut rates with no good reason. If he stands pat I would still say he's doing a good job.

2cents | Jul 6, 2019 | Comment #50

Shocked? Why should anyone who really doesn't understand be shocked? It just proves nobody knows all that they think they know.

Robb | Jul 6, 2019 | Comment #51

He definitely caved in like a cheap suit after the POTUS started to bully him late last year. No doubt the Fed is politicized imo should they cave into a rate cut at the July meeting as both debt and inflation continue to surge on a number of fronts. Unfortunately, even after the jobs report the fed futures are still showing 100% odds of a cut at the July meeting. It's as if the news is already out there for those in the inner circle even though Powell has publically stated that he and the Fed are data dependent. We will see on the 31st.

Bill Barr | Jul 6, 2019 | Comment #52

There is absolutely no reason for a rate cut. Blowout jobs numbers, stock market at all time highs. Powell is gutless and caved to Trump and Wall Street.

Nothing | Jul 6, 2019 | Comment #53

There was no reason to have rates rise as they have since 2017. If the rate increase (now) is unjustified that earlier rise was also “wrong.”

Refinancing/rebalancing of loans are coming due...and someone reminded Mr T that that applies to his family portfolio

lou | Jul 7, 2019 | Comment #55

The argument is that with low inflation (below the 2% target), there is room for a rate cut. Fed critics are saying we can have consistent 3% growth w/o inflation if the Fed lowers rates. Obviously, I selfishly like high rates, but to be fair there is a plausible argument for lowering them.

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.

Comments

Sort by Date | Sort by Votes

59 Comments.

Robb | Jul 3, 2019 | Comment #1

Hi Ken...Suncoast CU 5 year jumbo CD down to 3.20% from 3.50% this week FYI.

poqulo | Jul 3, 2019 | Comment #3

Jefferson Financial CU 5 year CD down to 1.90% - 2.11%, previous 3.61%

gregk | Jul 3, 2019 | Comment #2

The thing is, if the Fed ever begins raising rates again FI's will be very reluctant to raise their CD offers in lockstep (especially the longer maturities) knowing now how quickly the Fed can reverse course without any economic rationale.

moneywise | Jul 3, 2019 | Comment #5

Financial institutions never did raise their CD rates in lockstep with any Fed increases in interest rates.

Att | Jul 3, 2019 | Comment #4

Rates go up slow, go down fast like gasoline prices The recent 5 year add ons were great. Wish Mountain had a higher max.

moneywise | Jul 3, 2019 | Comment #6

As we are seeing now. Banks and CUs lowering CD rates even before the Feds officially announce any rate decrease.

MrSaver | Jul 3, 2019 | Comment #7

The Dort 4% certificate is only available as an IRA according to a CSR I recently spoke to.

Hoody | Jul 3, 2019 | Comment #8

So far Navy's 5yr is still holding at 3.25

Att | Jul 3, 2019 | Comment #9

#8 Funny that a few years back people would love 3.25% rates. Maybe as rates go down the 3.25% may look like a great rate in a year or so.

gregk | Jul 3, 2019 | Comment #11

It's looking like a great rate RIGHT NOW.

Att | Jul 3, 2019 | Comment #18

#11 100k minimum and not everyone can get into Navy. I don't have 100k lump sum so off my list.

Glad I did Mountain @ 3.51% so if rates started going down I had a rate floor and still have room for add on when my I have some They had a very low minimum to open a CD. I have CDs maturing in the middle of August which will max out my mountain CD. loaded up when Conneus was paying 4% which was one of the top CDs!

Go Navy | Jul 3, 2019 | Comment #16

Yes, but you need 100k to get that Navy rate of 3.25. What a shame, because I'm sure no military personnel will buying those cd's.

Hoody | Jul 8, 2019 | Comment #66

they went to 3.50 today on the 5yr .........

#10 - This comment has been removed for violating our comment policy.

RichardW | Jul 3, 2019 | Comment #12

Ken, posted under your “Over 5-Year CD Rates” data for the 10-year and 7-year Fidelity Brokered CDs there is conflicting information listed. In the right hand column you list “(no non-callable 10yr CDs available)” however in the center column you list the availability of a 10-year non-callable CD. You repeat this regarding the Fidelity 7-year CD.

Incidentally, I guess you collected your data during the morning of 7/2/2019, because since the afternoon of 7/2/2019, these same two Discover Bank brokered CDs are also currently available at Vanguard.

willy12 | Jul 3, 2019 | Comment #14

CD bank joined the masses in lowering their rates big. I was fortunate to pick up two 3.20% 2 year just before they dropped the rate to 2.80%. And now a pitiful 2.15%.

So much for thinking they intended to be a rate leader.

Term APY*
3 Months 2.00%
6 Months 2.35%
9 Months 2.30%
12 Months 2.25%
18 Months 2.25%
24 Months 2.15%
36 Months 2.15%
48 Months 2.00%
60 Months 2.15%

jstern | Jul 3, 2019 | Comment #15

As someone who just opened a trust savings account and Jumbo $100k add-on CD at GTE Financial, I only have good things to say. While they needed to email me trust forms that required 2 notarials, I had no problem wiring in funds from Fido and emailing back their forms. They honored the higher rate, even though the rate dropped as I was completing opening my CD account. Yes, they did a hard pull credit report and needed the normal personal documentation, but used the trust certification form in lieu of my needing to supply actual trust docs. Kudos to Julie, who helped me through their process in a few days. And they could use a more robust web site, so keep that in mind.

Milty | Jul 3, 2019 | Comment #17

Similar experience with GTE Financial, easy to join, agree that web site could be a little better, using shared branching to fund. Worth a look for those still pursuing 3% CDs.

lou | Jul 4, 2019 | Comment #26

What did rate drop to? Still showing 3.3% on website.

milty | Jul 4, 2019 | Comment #30

The rates at GTEF have not changed recently, but note the 3.30%APY is the jumbo ($100K min) rate, and the non-jumbo rate is 3.04%. Both are add-on CDs.

deplorable 1 | Jul 3, 2019 | Comment #19

Forget 3% CD's check this out:
https://www.fitnessbank.fit/
They give you 3% APY just for walking 12,500 steps a day based on the previous months data. If you are a senior(age 65 or older) it's only 10,000 steps a day. The steps look like they automatically track through a app installed on your phone. I'm going to try this as I do cardio 3 days a week anyway and weight training the other 3. The only downfall is that I'll have to keep the phone on me to track the steps. I like this concept of forcing you to get moving to earn the rate as money is a major motivator for me.

Nothing | Jul 3, 2019 | Comment #20

At 3feet per step...almost 6miles... i’ll attach to my dog

deplorable 1 | Jul 3, 2019 | Comment #21

Right or get a fitbit watch and let my kid run around with it. I think it uses average steps for the month based on the prior month's data. I have a treadmill so I could probably knock that out pretty fast on there. I need to drop 20 lbs. anyway.

111 | Jul 4, 2019 | Comment #27

Ah, they'll probably just keep raising the number of steps required to 11K, then 12K, etc., till you croak. Then they'll hope your heirs won't locate this new account (all estatements, no paper), and they'll just charge dormancy fees until the balance is gone. Not that I'm cynical or anything...

willy12 | Jul 4, 2019 | Comment #29

I probably already meet the steps from 30 minutes a day of disc golf. 5-6 days a week anyway. But, no smart phone and no unlimited data or minutes. More discrimination for those of us without a smart phone.

deplorable 1 | Jul 4, 2019 | Comment #39

I have a smart phone but no cell service($0 monthly bill) as I use wifi and the majicjack app to make calls for free. I'm assuming that the app will update on wifi when I get home. The treadmill should work anyway or the back yard.

Beth | Jul 3, 2019 | Comment #22

EBSB dropped their savings account rate - The rate on the high yield savings account did change as of June 11, 2019. Your account is currently earning an annual percentage yield of 2.40% and has an interest rate of 2.37%.

DCGuy | Jul 3, 2019 | Comment #23

Are you saying that the rate was dropped a second time within a month?

deplorable 1 | Jul 3, 2019 | Comment #25

I took it down to $5,000 but can we take it to 1$ or will they close the account? I think you have to keep $5,000 in there or you get 0% APR. Their new account has different tier levels.

milty | Jul 4, 2019 | Comment #28

D1: I believe you are correct regarding EBSB--must keep $5K or get 0%. My account is still getting 2.40% APY.

Att | Jul 4, 2019 | Comment #32

At 2.4% still one of the top rates

Anonymous | Jul 3, 2019 | Comment #24

BHCU ISAVE MMA now 2.5% (prior 2.75%) - sorry

me1004 | Jul 4, 2019 | Comment #31

Re the GTE Financial FCU add on certificates: One thing I don’t understand from the info at GTE’s Website is whether you can open a regular promotional add-on CD with only $500 to open, hold it, and later add on enough to be at or over the $100,000 amount for the Jumbo CD and then be changed to the jumbo rate - and the jumbo rate that was in effect on that when you opened the regular CD.

In other words, I don’t want to park $100,000 in the 60 month CD. I would rather park $500 now and then add it up to that higher amount when my current CDs mature in two years, thus using that at that time as a three-year CD.

I’m afraid that either I would not be able to get the Jumbo rate unless I open a jumbo account now, or I would get only the jumbo rate at the time I brought the balance up to that amount, which would make the entire effort pretty pointless. I need to see somewhere in writing from them how that would be handled.

I think I’ve seen some people talk of opening at $500 and holding for later at the jumbo rate — but maybe they were presuming something that will not be possible.

Ken, can you definitively find out about this and let us know?

I’m afraid in two years rates will be at a low again. This is just unconscionable, their is absolutely no justification to be lowering rates now, rates haven’t even recovered from the economic collapse of the past decade. We have suffered far and away too long already, and we have the lowest unemployment rate is a lifetime, how can we need a rate cut!? Of course growth is slowing, everyone has a job already, it doesn’t mean the economy is getting weaker.

Pipe Dream? | Jul 4, 2019 | Comment #34

I would not put too much faith in a bump to jumbo rate.
Not too good of a position for a FI. You wouldn't .
Wish Ken luck in that inquiry.

deplorable 1 | Jul 4, 2019 | Comment #37

You need to open the CD with $100,000 to get the jumbo rate. I have not seen anything in writing saying the rate won't bump up if you add fund later. I seem to recall that someone on here called and asked them that specific question and the GTE csr said no bump. I opened their 60 month add-on CD 3.04% APY with $500 using a 2% cashback card. Cheap rate insurance in case rates head down again. This might look great in a year or two.

gregk | Jul 4, 2019 | Comment #38

It's been confirmed previously that the "jumbo rate bump" you describe would not be permitted. The jumbo deposit has to be made at inception to qualify for the jumbo rate throughout the term. Thus, your ancillary question about which jumbo rate would be applicable when you did your jumbo deposit add-on (the one in effect now or that in effect at the time of add-on) becomes irrelevant.

gregk | Jul 4, 2019 | Comment #40

BTW, though experiences differ, I found GTE Financial so incompetent (and even dishonest) to deal with I felt forced to cancel my membership prior to funding the 5 year add-on CD I'd established there. With a very large CD maturing in just over 2 years I might regret that decision if rates are back in the doldrums again circa summer 2021, but OTOH I just would not have trusted them with so large a deposit (NCUA notwithstanding). Sometimes confidence (or the lack thereof) trumps all consideration of potential returns. Will just have to accept what comes.

lou | Jul 4, 2019 | Comment #41

What did they do to you?

Jj1 | Jul 4, 2019 | Comment #43

A hard Equifax credit pull when account opened yesterday. They will pay for it when I load up the add on over the next 5 years.

mark1010 | Jul 4, 2019 | Comment #33

Membership is very limited and only one branch in NYC but some pretty good rates :

3.56% $500 - 60 Month Share Certificate
3.40% $500 - 36 Month Share Certificate
3.30% $500 - 24 Month Share Certificate
3.04% $500 - 12 Month Share Certificate

anonymous | Jul 4, 2019 | Comment #35

mark1010: would you mind providing the name of the institution offering these stellar rates? Since it has a membership requirement, it would have to be a credit union --- I was unable to find any credit union with a branch in New York City that offers these rates, but info provided by DepositAccounts is not necessarily accurate. (I couldn't find a New York City bank offering these rates, either.)

mark1010 | Jul 4, 2019 | Comment #36

Sorry, Its The Finest Federal Credit Union.

https://thefinestfcu.org/

NYCDoug | Jul 5, 2019 | Comment #44

Membership in The Finest Federal Credit Union is open to employees . . . engaged in the police protection industry who work in the State of New York . . .

Individuals eligible for membership also include spouses of persons who died while within the field of membership . . . members of their immediate family or household; and organizations of such persons.

More info

lou | Jul 4, 2019 | Comment #42

GTE Financial is starting to concern me. You would have thought they would have terminated their special add-on promotion by now. Because of this site, I'm sure many people have bought these unlimited add-on CDs. This could be more money than they can deal with at some point in the future. Hopefully, this is not a Valor Credit Union situation where they kept their add-on CDs on the market for far too long. I wonder what they are thinking?

deplorable 1 | Jul 7, 2019 | Comment #56

New rate for MACU primary savings 4.24% APY!?!
Also 2.7% for their Money market account?
Ken is this some kind of computer glitch or are these rate increases coming Monday?
I saw nothing on their website or email.

milty | Jul 7, 2019 | Comment #57

Ditto that, D1 . . . as a MACU member, say it is so . . . .

lou | Jul 7, 2019 | Comment #58

The rate for the 60-month CD is 14.74%. That would be nice.

deplorable 1 | Jul 7, 2019 | Comment #59

Then it is definitely some type of glitch in the rate tracking program. I figured it was too good to be true. All their CD rates are straight out of the 80's.

Robb | Jul 8, 2019 | Comment #67

A Navy FCU 3.5% 5 year CD just broke this morning...the highest "Nationwide" deal on the board again for that term. Navy has had some of the better rates this year on their specials. Only 1k minimum.

#68 - This comment has been removed for violating our comment policy.

deskandchairs | Jul 11, 2019 | Comment #70

Seattle Bank just informed me that today, July 11, is the last day their 5 year CD rate of 3.3% will be available. Must apply online and fund using ACH (or appear in person at the branch) if you want this deal before the window closes

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