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CD Rates Summary April 10, 2018

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Friday’s weak jobs report wasn’t good news for those hoping the Fed will hike rates at least three more times in 2018. The number of jobs added in March was 103,000 which was below the consensus expectations of 175,000 jobs. Even though the report was disappointing, it shouldn’t deter the Fed from a June rate hike. According to this USA Today article, the “weather was the main reason for March's poor performance. And payroll gains for the first three months of the year still averaged a very healthy 202,000, up from 182,000 last year.”

It’s safe to say that we’re still on track for two more Fed rate hikes in 2018. An occasional weak economic report probably won’t change things much. However, if we start to see a trend of disappointing reports, that could have an impact, especially in the Fed’s decision between a total of three or four rate hikes in 2018.

On Wednesday morning, the Consumer Price Index for March will be released. If inflation is weaker than expected, that will be another factor reducing the odds of four Fed rate hikes in 2018.

Also on Wednesday, the Fed will be releasing the minutes of the March FOMC meeting. That may provide more insights about what the FOMC members are thinking regarding future rate hikes.

Treasury yields changed little from last week. The largest change was the 1-month T-bill yield; the yield fell 7 bps from last week. The 2-year Note had the largest yield increase, rising 4 bps from last week.

The odds of a Fed rate hike in June and September were up from last week according to the Fed funds futures. They now show the chance of a June Fed rate hike at 90.2%, up from 80.7% last week. The odds that we’ll see three more Fed rate hikes this year declined slightly from last week falling from 30.0% to 28.9%.

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

Treasury Yields:

  • 1-month: 1.63% down from 1.70% last week (0.77% a year ago)
  • 6-month: 1.93% up from 1.92% last week (0.97% a year ago)
  • 1-year: 2.09% same as last week (1.07% a year ago)
  • 2--year: 2.32% up from 2.28% last week (1.29% a year ago)
  • 5--year: 2.62% up from 2.60% last week (1.91% a year ago)
  • 10-year: 2.80% up from 2.79% last week (2.37% a year ago)
  • 30-year: 3.02% same as last week (2.99% a year ago)

Fed funds futures' probabilities of future rate hikes by:

  • Jun 2018 - up by at least 25 bps: 90.2% up from 80.7% last week
  • Sep 2018 - up by at least 50 bps: 58.0% up from 54.0% last week
  • Dec 2018 - up by at least 75 bps: 28.9% down from 30.0% last week

Certificate of Deposit Rates

The above graph shows the rate trends of the average CD rates. These average rates are based on all the rate data that we have collected over the years. This is an interactive graph. You can choose the term of the CDs (from 3 months to 5 years) and the look-back period (from 3 months to 5 years). As you can see in the graph, average CD rates for all terms have increased in the last year, but the largest gains have been on the short-term CDs.

Best Nationally-Available CD Rates

Brokered CD rates have reached a couple of milestones since my last summary. We now have a 2% 9-month CD and a 3% 60-month CD. These are new issue brokered CD rates as of noon today at both Fidelity and Vanguard.

For most terms, you can still find higher rates from direct CDs offered by internet banks or credit unions. There are now three exceptions. Brokered CD rates are on top for 2-year (2.60%), 3-year (2.80%) and for terms over five years (3.20% for 10 years and 3.10% for 7 years).

In a changing rate environment, brokered CD rates are often the first to change. So it’s likely we’ll see more rate hikes on direct CDs at internet banks and credit unions.

We have seen many CD rate hikes from internet banks and credit unions in the last two weeks, but most of these rate hikes haven’t resulted in new rate leaders. One exception is a new 18-month CD special from USALLIANCE Financial Credit Union (2.53% APY).

Several of the large internet banks have moved closer to the rate leaders. None have reached the rate leaders, but they’re are coming close. Examples include PurePoint Financial’s 1-year CD (2.20% APY) and Synchrony Bank’s 1-year CD (2.15% APY)

Except for the brokered CDs, we’re not seeing additional nationwide 5-year CDs with yields of 3%. American Bank continues to be the only bank to offer a nationally-available 3% APY. The other 3% direct CDs are all from easy-to-join credit unions such as Mountain America, Service and Quorum Federal.

We are starting to see more local 3% CDs. A few new noteworthy ones include 5-year CD (up to 3.20% APY) at Alaska USA Federal Credit Union (available in AK, WA and parts of CA and AZ), 4-year CD (3% APY) at Washington Trust Company (available in RI, CT and MA), 3-year Step-Up CD (blended 3.04% APY) at Meridith Village Savings Bank (available in parts of NH) and 3-year CD (3% APY) at Greater Hudson Bank (available in parts of NY).

Long-Term CDs with Mild Early Withdrawal Penalties (EWP)

Barclays increased its 5-year CD rate to 2.75% APY. Since this CD has an early withdrawal penalty (EWP) of only 180 days of interest, this is now one of the top 5-year bank CDs when closed early. Compared to Ally Bank’s 5-year CD (2.50% APY with an EWP of 150 days of interest), Barclays has the highest effective rate if the CD is closed after 17 months. Ally’s rate is higher if closed before 17 months. Utah First Credit Union’s 5-year CD (3% APY with an EWP of 180 days of interest) continues to offer the best rate for a 5-year CD closed early.

Below is my standard explanation of the strategy of using long-term CDs with mild early withdrawal penalties and how I include these effective yields in the tables below.

An alternative to short-term CDs is long-term CDs that have mild early withdrawal penalties. I include the effective yields of a few long-term CDs when closed early in the tables below. All of these have competitive long-term CD rates and an early withdrawal penalty of 6 months of interest or less. The combination of a high long-term CD rate combined with a mild early withdrawal penalty makes these CDs pretty good deals even when closed early. If you want to compare the effective yields of other CDs after the early withdrawal penalties, please refer to our CD Early Withdrawal Penalty calculator.

The risks of planning for early withdrawals of long-term CDs were highlighted by the deposit agreement change at Ally. The risks have also been seen at credit unions which have raised the early withdrawal penalties on existing CDs. I have more details in this blog post.

Savings & Checking Account Rates

In the past, I’ve covered savings and checking account rate changes in another weekly summary post. Each week I would publish one post with a recap of savings and checking account rate changes and another post with a recap of CD rate changes. I’m now alternating these posts. 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 April 10, 2018

Under 1-Year CD Rates

InstitutionRatesNotes
USALLIANCE Financial2.02% 9-month Fixed Rate CertificateAccount review
The Vanguard Group Brokered CD2.00% 9-month non-callable CDIssued by BoC, CPB*
Fidelity Brokered CD2.00% 9-month non-callable CDIssued by CPB*
Live Oak Bank1.95% 6-month CDAccount review
Crestmark Bank1.95% ($25k) 9-month CDAccount review
TAB Bank1.92% 9-month CD See review
Crestmark Bank1.90% ($25k) 6-month CDAccount review
Limelight Bank1.86% 6-month CDInternet bank See review
My eBanc1.85% ($5k) 12-month Time Deposit See review
Banesco USA1.85% 6-month CDAccount review
CIT Bank1.85% ($1k) 11-month No-Penalty CDinternet bank See review
The Vanguard Group Brokered CD1.85% 6-month non-callable CDIssued by BoC, CBPA, CBRI, MRBI*
Fidelity Brokered CD1.85% 6-month non-callable CDIssued by BoC, CBNA, CBPA, MRB*
TAB Bank1.82% 6-month CD See review
Ally Bank1.80% ($25k), 1.65% ($5k) 9-month High Yield CDInternet bank See review

Noteworthy Local Deals - Under 1-Year CDs

Bankers Trust Company2.10% (base rate) 7-27 month Pick-A-Term CDIowa and Arizona See review
Blackhawk Community Credit Union1.95% ($10k) 6-month Jumbo Share Certificate9 Wisconsin and 4 Illinois counties See review
Sunstate Bank1.90% 7-month Promo CDSouth Florida See review
Federal Savings Bank1.85% 10-month CDNew Hampshire Seacoast Region
Wright-Patt Credit Union1.84% ($100k), 1.73% ($500) 6-11 month Share Certificate Exclusive10 Ohio counties See review
Apple Bank for Savings1.80% 6-month CDNYC, Long Island, Rockland and Westchester Counties

1-Year CD Rates

Market USA Federal Credit Union2.50% ($10k max) 10-month Tax Time Certificate SpecialEasy membership Account review
INOVA Federal Credit Union2.30% 14-month Certificate ($50k) Easy membership Account review
My eBanc2.25% ($5k) 12-month Time Deposit See review
Colorado Federal Savings Bank2.20% 1-year CDInternet bank Account review
BankPurely2.20% 12-month PurelyCDInternet bank See review
iGObanking2.20% 12-month iGOCD See review
PurePoint Financial2.20% ($10k) 12-month CDInternet bank See review
EBSB Direct2.20% 14-month CD SpecialInternet bank See review
ConnectOne Bank2.17% 10-month Personal CDMassachusetts Account review
First Internet Bank2.17% 12-month CDInternet bank See review
Limelight Bank2.17% 12-month CDInternet bank See review
M.Y. Safra Bank2.16% 12-month Online Promo CD See review
Live Oak Bank2.15% 1-year CDInternet bank Account review
Synchrony Bank2.15% 12-month CDInternet bank See review
Banesco USA2.10% 12-month CD See review
Barclays2.10% 12-month Online CD Account review
TIAA Direct2.10% 12-month CDInternet bank See review
EverBank2.10% 1-year Yield Pledge CD Internet bank See review
Marcus by Goldman Sachs2.10% 12-month High Yield CD
SallieMae Bank2.10% 12-month CDAccount review
KS StateBank2.10% ($100k) 1-year Jumbo CD Internet Only Special See review
Fidelity Brokered CD2.10% 1-year non-callable CDIssued by CPB*
The Vanguard Group Brokered CD2.10% 1-year non-callable CDIssued by BoC, CPB, SB*
Crestmark Bank2.00% ($25k) 12-month CDAccount review

Noteworthy Local Deals - 1-Year CDs

IC Federal Credit Union2.59% Special 1-year CD6 eastern Massachusetts counties See review
Investors Community Bank2.25% 1-year Certificate6 northeast Wisconsin counties See review
First Federal Credit Union2.25% ($10k) 12-month CD Special4 Iowa counties See review
TruWest Credit Union2.25% ($50k max) 14-month Investment Certificate4 Arizona and 2 Texas counties See review
East Boston Savings Bank2.20% 14-month CD SpecialMassachusetts See review
Blackhawk Community Credit Union2.20% ($10k) 12-month Jumbo Share Certificate9 Wisconsin and 4 Illinois counties See review
InTouch Credit Union2.20% ($95k) 13-month Jumbo CertificateDallas-Fort Worth, Las Vegas, metro Detroit, northern Virginia, and Memphis See review
Texas Exchange Bank2.17% ($10k) 12-month CDDallas-Fort Worth and Houston See review
Mercantil Commercebank2.15% 12-month Online CDFlorida and Texas See review
Belco Community Credit Union2.14% 11-month Certificate Special7 Pennsylvania counties See review
Wright-Patt Credit Union2.10% ($100k), 2.00% ($500) 12-17 month Share Certificate Exclusive10 Ohio counties See review

18-month CD Rates

USALLIANCE Financial2.53% 18-month Fixed Rate CertificateAccount review
My eBanc2.45% ($5k) 18-month Time Deposit See review
Live Oak Bank2.40% 18-month CDAccount review
Colorado Federal Savings Bank2.36% 18-month CDInternet bank Account review
MidFirst Direct2.35% 15-month High Yield Online CD SpecialInternet bank Account review
Popular Direct2.30% ($10k) 18-month Popular Direct CDInternet bank
The Vanguard Group Brokered CD2.30% 18-month non-callable CDIssued by WFB*
Fidelity Brokered CD2.30% 18-month non-callable CDIssued by WFB*
Veridian Credit Union2.28% 18-month Jumbo CD ($100k)Easy membership See review
First Internet Bank2.27% 18-month CDInternet bank See review
Banesco USA2.25% 18-month CDAccount review
McGraw-Hill Federal Credit Union2.25% 18-month Promo CDAccount review
Navy Federal Credit Union2.25% ($50k max) 15-month CD SpecialMilitary connection See review
Limelight Bank2.23% 18-month CDInternet bank See review
TIAA Direct2.23% 18-month CDInternet bank See review
EverBank2.23% 1.5-year Yield Pledge CDInternet bank See review
PenFed Credit Union2.22% 18-month Money Market CertificateEasy membershipAccount review
Veridian Credit Union2.18% 18-month CDEasy membership See review
Marcus by Goldman Sachs2.15% 18-month High Yield CD
Barclays2.15% 18-month Online CD Account review
Synchrony Bank2.15% 18-month CDInternet bank See review
Capital One2.15% 18-month 360 CDInternet bankAccount review
Utah First Credit Union2.03% (3.00% 60-month CD closed after 18 months) Easy membership Account review
Barclays1.85%(2.75% 60-month Online CD closed after 18 month) Account review
Ally Bank1.82% (2.50% High Yield 5-Year CD closed after 18 months)See review

Noteworthy Local Deals - 18-Month CDs

Tulsa Federal Credit Union2.75% 18-month 75th Anniversary Certificate10 NW Oklahoma counties See review
Direct Federal Credit Union2.55% ($100k) 21-month Jumbo CDNorfolk County, Massachusetts See review
Direct Federal Credit Union2.50% 21-month CDNorfolk County, Massachusetts See review
InTouch Credit Union2.50% ($95k) 21-month Jumbo CertificateDallas-Fort Worth, Las Vegas, metro Detroit, northern Virginia, and Memphis See review
University of Iowa Community Credit Union2.50%($100k), 2.40% ($1k) 18-month CD Special All of Iowa and 4 Illinois counties, University of Iowa relationship See review
Texas Exchange Bank2.37% ($10k) 18-month CDDallas-Fort WorthSee review
Winchester Savings Bank2.35% 18-month CDBoston metro area
HarborOne Bank2.30% 20-month CD SpecialCT, ME, MA, NH, RI, and VT See review
Wright-Patt Credit Union2.26% ($100k), 2.16% ($500) 18-23 month Share Certificate Exclusive10 Ohio counties See review
Cornerstone Bank2.25% 15-monthMassachusetts and Connecticut See review
Metro Credit Union2.25% 18-month CD Special8 eastern Massachusetts counties See review
InTouch Credit Union2.25% 21-month CertificateDallas-Fort Worth, Las Vegas, metro Detroit, northern Virginia, and Memphis See review
Institution for Savings2.25% 20-month CDMassachusetts' North Shore See review
Huntington Bank2.20% 19-month Promo CDIN, KY, MI, OH, PA, and WV See review

2-Year CD Rates

U S Postal Federal Credit Union3.00% 24-month IRA Certificate Easy membership Account review
My eBanc2.60% ($5k) 24-month Time Deposit See review
The Vanguard Group Brokered CD2.60% 2-year non-callable CDIssued by MSB, MSPB, WFB*
Fidelity Brokered CD2.60% 2-year non-callable CDIssued by GSB, WFB*
Live Oak Bank2.55% 2-year CDAccount review
Colorado Federal Savings Bank2.51% 2-year CDInternet bank Account review
Banesco USA2.50% 24-month CD See review
Kinecta Federal Credit Union2.50% 24-month ($100k) Jumbo Share Certificate Easy membership Account review
Latino Credit Union2.45% 24-month CD Easy membership See review
First Internet Bank2.43% 24-month CDInternet bank See review
KS StateBank2.40% ($100k) 2-year Jumbo CD Internet Only Special See review
State Bank of India2.37% ($100k) 2-year CD See review
BankPurely2.35% 24-month PurelyCDInternet bank See review
Popular Direct2.35% ($10k) 2-year Popular Direct CDInternet bank See review
M.Y. Safra Bank2.31% ($5k) 24-month Online Promo CD See review
Fort Knox Federal Credit Union2.30% 22-month CD SpecialEasy membership
SallieMae Bank2.30% 24-month CDAccount review
Utah First Credit Union2.28% (3.00% 60-month CD closed after 2 years) Easy membership Account review
Barclays2.02%(2.75% 60-month Online CD closed after 2 years) Account review
Ally Bank1.99% (2.50% High Yield 5-Year CD closed after 2 years)See review

Noteworthy Local Deals - 2-Year CDs

Via Credit Union2.79% ($25k) 27-month CD Special12 Indiana central counties See review
Columbia Credit Union2.65% 25-month CertificateWashington state and 4 NW Oregon counties See review
First Republic Bank2.50% ($10k) 23-month CD SpecialCA, CT, FL, MA, NY, OR See review
Melrose Bank2.50% 2-year eCDCT, ME, MA, NH, RI, and VT See review
Institution for Savings2.50% 24-month CDMassachusetts' North Shore See review
PurePoint Financial2.50% ($10k) 24-month CDFlorida, Illinois, New York, Texas See review
First Federal Credit Union2.50% ($10k) 24-month CD Special4 Iowa counties See review
GenoaBank2.50% ($100k max) 27-month CD SpecialToledo, Ohio metro area
HAB Bank2.48% 24-month Promo CertificateNYC, northern NJ, and southern CA
HAB Bank2.46% 24-month Promo CertificateNYC, northern NJ, and southern CA
Tinker Federal Credit Union2.43% 24-month Special Term Share Certificate3 Oklahoma counties See review
Financial One Credit Union2.40% 24-month CD Special Minneapolis area See review
Investors Community Bank2.40% 2-year Certificate6 northeast Wisconsin counties See review
Notre Dame Credit Union2.40% 24-month CD SpecialAffiliation with Notre Dame University and more than 800 organizations See review

3-Year CD Rates

The Vanguard Group Brokered CD2.80% 3-year non-callable CDIssued by GSB, MSB, SMB, WFB*
Fidelity Brokered CD2.80% 3-year non-callable CDIssued by DIS, GSB, SMB, WFB*
Navy Federal Credit Union2.75% 32-month IRA SpecialMilitary connection See review
Hope Credit Union2.69% ($95k) 36-month Jumbo CDEasy membership
Live Oak Bank2.60% 3-year CDAccount review
Latino Credit Union2.60% 36-month CD Easy membership See review
My eBanc2.60% ($5k) 36-month Time Deposit See review
Colorado Federal Savings Bank2.56% 3-year CDInternet bank Account review
M.Y. Safra Bank2.56% 36-month Online Promo CD See review
INOVA Federal Credit Union2.55% 30-month Certificate ($50k) Easy membership Account review
Northern Bank Direct2.55% 36-month CD Internet bank See review
KS StateBank2.55% ($100k) 3-year Jumbo CD Internet Only Special See review
MutualOne Bank2.53% 30-month Online CD See review
First Internet Bank2.53% 36-month CDInternet bank See review
Utah First Credit Union2.53% (3.00% 60-month CD closed after 3 years) Easy membership Account review
TIAA Direct2.50% 36-month CDInternet bank See review
EverBank2.50% 3-year Yield Pledge CDInternet bank See review
Third Federal Savings and Loan2.50% 39-month CD Special See review
Barclays2.31%(2.75% 60-month Online CD closed after 3 years) Account review
Ally Bank2.17% (2.50% High Yield 5-Year CD closed after 3 years)See review

Noteworthy Local Deals - 3-Year CDs

Meridith Village Savings Bank3.04% (blended) 3-year Step-Up CD Special w/checkingNew Hampshire See review
NEFCU3.00% 3-year CertficateNassau and Suffolk Counties, NY See review
Greater Hudson Bank3.00% 36-month CDOrange, Rockland, and Westchester Counties, NY See review
Unity Bank3.00% ($10k max) 36-month CD SpecialNorthern NJ and Eastern PA
First Federal Credit Union3.00% ($10k) 36-month CD Special4 Iowa counties See review
Coastal Credit Union3.00% ($10k) 39-month CDEMR for North Carolina residents See review
Liberty First Credit Union2.85% ($25k) 37-month CD SpecialLancaster and Seward Counties, Nebraska See review
Cornerstone Bank2.75% 36-month CDMassachusetts and Connecticut See review
National Bank of New York City2.75% 36-41 month CDNYC, Long Island, Westchester See review
Stoughton Co-operative Bank2.75% 40-months CD SpecialBristol, Norfolk, and Plymouth Counties, MA See review
Pioneer Federal Credit Union2.70% 37-month CD Special13 southwest Idaho counties See review
University of Iowa Community Credit Union2.70%($100k), 2.60% ($1k) 30-month CD Special All of Iowa and 4 Illinois counties, University of Iowa relationship See review
HAB Bank2.68% 36-month Promo CertificateNYC, northern NJ, and southern CA
First Commonwealth Bank2.60% 35-month CD SpecialPennsylvania and Ohio See review
Stearns Bank2.60% 3-year CDArizona, Florida, Georgia, Minnesota See review

4-Year CD Rates

ConnectOne Bank2.94% 48-month Personal Certificate See review
Fidelity Brokered CD2.90% 4-year non-callable CDIssued by DIS*
The Vanguard Group Brokered CD2.85% 4-year non-callable CDIssued by SYN, WFB*
Hanscom Federal Credit Union2.75% 48-month Certificate w/Premier CheckingEasy membership See review
Utah First Credit Union2.66% (3.00% 60-month CD closed after 4 years) Easy membership Account review
Latino Credit Union2.65% 48-month CD Easy membership See review
Live Oak Bank2.65% 4-year CDAccount review
KS StateBank2.65% ($100k) 4-year Jumbo CD Internet Only Special See review
First Internet Bank2.63% 48-month CDInternet bank See review
TIAA Direct2.60% 48-month CDInternet bank See review
EverBank2.60% 4-year Yield Pledge CDInternet bank See review
M.Y. Safra Bank2.57% ($5k) 48-month Online Promo CD See review
Northern Bank Direct2.56% 48-month CD Internet bank See review
United States Senate Federal Credit Union2.51% ($60k), 2.45% ($20k), 2.39% ($1k) 48-60 month CDEasy membership
Popular Direct2.50% ($10k) 4-year Popular Direct CDInternet bank See review
Barclays2.43%(2.75% 60-month Online CD closed after 4 years) Account review
Ally Bank2.26% (2.50% High Yield 5-Year CD closed after 4 years)See review

Noteworthy Local Deals - 4-Year CDs

Tech Credit Union3.14% ($100k) 50-month Jumbo Compound CD4 NW Indiana and 2 NE Illinois counties See review
Tech Credit Union3.02% 50-month Premium Compound CD4 NW Indiana and 2 NE Illinois counties See review
Washington Trust Company3.00% 4-year Promotional CDRhode Island, Connecticut, Massachsetts See review
University of Iowa Community Credit Union3.00%($100k), 2.90% ($1k) 45-month CD Special All of Iowa and 4 Illinois counties, University of Iowa relationship See review
National Bank of New York City2.85% 48-53 month CDNYC, Long Island, Westchester See review
National Bank of New York City2.80% 42-47 month CDNYC, Long Island, Westchester See review
APG Federal Credit Union2.80% 48-59 month CDDutchess, Ulster, and Orange Counties, NY See review
Mercantil Commercebank2.75% 48-month Smart CD ($10k)Florida and Texas See review
Pinnacle Bank2.75% 4-year CDPhoenix and Scottsdale area, Arizona See review
Investors Community Bank2.75% 4-year Certificate6 northeast Wisconsin counties See review
Ulster Savings Bank2.65% 48-month CD PromoDutchess, Ulster, and Orange Counties, NY See review
P1FCU2.65% 48-month CD12 Idaho, 11 Montana, 3 Oregon, and 2 Washington counties See review
Union Bank and Trust2.63% ($25k), 2.52% ($1k) 48-month CD SpecialNebraska and Kansas See review
Frankenmuth Credit Union2.60% ($100k) 4-year CDMichigan See review

5-Year CD Rates

United States Senate Federal Credit Union3.01% ($60k), 2.95% ($20k), 2.89% ($1k) 60-month CDEasy membership
American Bank3.00% 60-month Promotion CD
Mountain America Credit Union3.00% 5-year Term DepositEasy membership
Mountain America Credit Union3.00% ($100k max) 5-year Term Deposit Plus (unlimited additional deposit)Easy membership
Service Credit Union3.00% 5-year Share Certificate SpecialMilitary relationship See review
Idaho Central Credit Union3.00% 60-month Promo CD Indirect easy membership Account review
Utah First Credit Union3.00% ($500) 60-month CDEasy membership
Quorum Federal Credit Union3.00% 60-month CDEasy membership See review
Fidelity Brokered CD3.00% 5-year non-callable CDIssued by SMB*
The Vanguard Group Brokered CD3.00% 5-year non-callable CDIssued by SMB*
Hope Credit Union2.94% ($95k) 60-month Jumbo Share Certificate
iGObanking2.87% 60-month iGOCD See review
State Bank of India (IL)2.84% 5-year CD
DollarSavingsDirect2.80% 60-month CDInternet bank See review
Latino Credit Union2.80% 60-month CD Easy membership See review
M.Y. Safra Bank2.80% ($5k) 60-month Online Promo CD See review
First Internet Bank2.78% 60-month CDInternet bank See review
Marcus by Goldman Sachs2.75% High Yield 5-year CDInternet bank See review
Third Federal Savings and Loan2.75% 60-month CDSee review
Barclays2.75% 60-month Online CD Account review
Capital One2.75% 60-month 360 CDInternet bankAccount review
Popular Direct2.75% ($10k) 5-year Popular Direct CDInternet bank See review
Colorado Federal Savings Bank2.71% 5-year CDInternet bank Account review
Live Oak Bank2.70% 5-year CDAccount review

Noteworthy Local Deals - 5-Year CDs

Nusenda Credit Union3.23% ($200k), 3.13% ($100k), 3.08% ($75k), 3.03% ($50k), 2.98% ($25k), 2.88% ($10k), 2.78% ($1k) 60-month CDEasy membership for New Mexico residents Account review
Alaska USA Federal Credit Union3.20% ($250k), 3.10% ($100k), 3.00% ($500) 60-month CDAlaska, Washington, San Bernardino County (CA), Maricopa County (AZ) See review
Granite Credit Union3.20% 60-months CertificateSalt Lake County, Utah See review
Prairieland Credit Union3.15% ($100k) 60-month Jumbo Share CertificateMcLean County, Illinois See review
Cyprus Credit Union3.10% 60-month Certificate SpecialEasy membership for all Utah residents See review
ELGA Credit Union3.10% 65-month Promo CD6 mid-Michigan counties See review
Horizon Credit Union3.04% 60-month CD SpecialWashington, 8 Idaho and 14 Montana counties See review
Embassy Bank for the Lehigh Valley3.00% 59-month CDNorthampton and Lehigh Counties, Pennsylvania See review
BMO Harris Bank3.00% 60-month Special Rate CSAZ, FL, IL, IN, KS, MN, MO, and WI See review
Mercantil Commercebank3.00% 60-month Smart CD ($10k)Florida and Texas See review
RCB Bank3.00% 60-month CDOklahoma and Kansas See review
Pinnacle Bank3.00% 5-year CDArizona See review
Roselle Savings Bank3.00% 60-month CD7 northern New Jersey counties
Bank First National3.00% 60-month CDWisconsin
Investors Community Bank3.00% 5-year Certificate6 northeast Wisconsin counties See review
University Federal Credit Union3.00% 60-months Share CertificateSalt Lake and Davis Counties, Utah
Prairieland Credit Union3.00% 60-month Share CertificateMcLean County, Illinois See review
Geddes Federal Savings and Loan Association3.00% 63-month CDWithin 125 miles of Syracuse, New York
National Bank of New York City2.90% 54-59 month CDNYC, Long Island, Westchester See review
ELGA Credit Union2.90% 55-month Promo CD6 mid-Michigan counties See review
The First National Bank of Long Island2.80% 5-year CDLong Island, NYC, Brooklyn, and Queens Account review
First Republic Bank2.80% ($10k) 5-year CDCA, CT, FL, MA, NY, OR See review

Over 5-Year CD Rates

The Vanguard Group Brokered CD3.20% 10-year non-callable CDIssued by SMB*
Fidelity Brokered CD3.20% 10-year non-callable CDIssued by SMB*
Fidelity Brokered CD3.10% 7-year non-callable CDIssued by SMB*
The Vanguard Group Brokered CD3.05% 7-year non-callable CDIssued by SYN*
KS StateBank2.90% 7-year CD See review
Air Force Federal Credit Union2.90% 7-year CD Easy membership See review
Marcus by Goldman Sachs2.80% 6-year High Yield CD
Apple Federal Credit Union2.70% 120-month CD

Noteworthy Local Deals - Over 5-year CDs

Credit Human (formerly San Antonio Federal Credit Union)3.35% 120-month Share CertificateSan Antonio, TX
The First National Bank of Long Island3.25% 10-year CDLong Island, NYC, Brooklyn, and Queens Account review
Afena Credit Union3.20% ($100k) 84-months Share CertificateGrant and Wabash Counties, IN
Eastman Credit Union3.05% 6-year ($100k) Investment Certificate7 Tennessee, 7 Virginia, 2 Texas counties Account review
Indiana Members Credit Union3.04% 84-month CDCentral Indiana Account review
Amplify Credit Union3.03% 84-month ($10k) Share Certificate5 south central Texas counties Account review
First Republic Bank3.00% ($10k) 6-year CDCA, CT, FL, MA, NY, OR See review
Consumer Credit Union3.00% 72-month CD12 eastern Tennessee counties Account review
EFCU Financial3.00% 84-month Super 7 Variable Rate CD9 Louisiana parishes Account review
The First National Bank of Long Island3.00% 7-year CDLong Island, NYC, Brooklyn, and Queens Account review
Advia Credit Union2.90% 70-month Promo Rate CD12 eastern Tennessee counties Account review

* BoC (Bank of China), CBNA (Citizens Bank NA), CBPA (Citizens Bank of Pennsylvania), CBRI (Citizens Bank NA Providence RI), CPB (Compass Bank), DIS (Discover Bank), GSB (GS Bank), MRB (Merchants Bank), MRBI (Merchants Bank of Indiana), MSB (Morgan Stanley Bank), MSPB (Morgan Stanley Private Bank), SB (Safra Bank), SMB (SallieMae Bank), SYN (Synchrony Bank), WFB (Wells Fargo Bank)

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

NASA Federal Credit Union2.25% 11-month Share Certificate Special ($20k) Easy membership Account review
Michigan State University Federal Credit Union2.75% 7-year CDEasy membership Account review

CDs Removed, No Longer Available - Local

First Republic Bank2.40% ($10k) 22-month CD SpecialCA, CT, FL, MA, NY, OR See review
CoVantage Credit Union2.35% 20-month Certificate SpecialNortheast Wisconsin and Michigan's UP See review

CDs Removed, Rate Too Low - National

Advancial1.76% ($50k) 6-month Jumbo CertificateEasy membership Account review
Ally Bank1.75% ($25k), 1.60% ($5k) 6-month High Yield CDInternet bank See review
Colorado Federal Savings Bank1.73% 6-month CDInternet bank Account review
PenFed Credit Union2.07% 12-month Money Market CertificateEasy membershipAccount review
Latino Credit Union2.05% 12-month CD Easy membership See review
Capital One2.05% 12-month 360 CDInternet bankAccount review
Quorum Federal Credit Union2.00% 11-month Term Savings Easy membership See review
Connexus Credit Union2.00% 12-month Share Certificate Easy membership Account review
Ally Bank2.00% High Yield 12-Month CDSee review
M.Y. Safra Bank2.13% 18-month Online Promo CD See review
MutualOne Bank2.12% 19-month Online CD See review
Connexus Credit Union2.27% 24-month Share Certificate Easy membership Account review
Quorum Federal Credit Union2.25% 25-month Term Savings Easy membership See review
Hope Credit Union2.43% 36-month Share Certificate
McGraw-Hill Federal Credit Union2.40% 30-month Promo CDAccount review
Popular Direct2.40% ($10k) 3-year Popular Direct CDInternet bank
Veridian Credit Union2.40% ($100k) 39-month Jumbo Special CD Easy membership See review
Marcus by Goldman Sachs2.35% High Yield 3-year CDInternet bank See review
USAlliance Financial2.33% 36-month CertificateEasy membership Account review
Bank VI2.31% ($95k max) 30-month CD
Connexus Credit Union2.30% 36-month Share Certificate Easy membership Account review
Capital One2.30% 36-month 360 CDInternet bankAccount review
Michigan State University Federal Credit Union2.41% ($100k) 4-year Jumbo CDEasy membership Account review
Capital One2.40% 48-month 360 CDInternet bankAccount review
Marcus by Goldman Sachs2.40% High Yield 4-year CDInternet bank See review
NASA Federal Credit Union2.40% 49-month Share Certificate SpecialEasy membership See review
Hope Credit Union2.69% ($1k) 60-month Share Certificate
PenFed Credit Union2.68% 5-year Money Market CertificateEasy membershipAccount review
Michigan State University Federal Credit Union2.66% ($100k) 5-year Jumbo CDEasy membership Account review
Ally Bank2.50% High Yield 5-Year CD See review
Synchrony Bank2.50% 60-month CDInternet bank See review
Kinecta Federal Credit Union2.50%($100k) 5-year Jumbo Share CertificateEasy membership See review

CDs Removed, Rate Too Low - Local

HAB Bank1.78% 6-month Promo CertificateNYC, northern NJ, and southern CA
Firstrust Bank1.76% 9-month 76ers Slam Dunk CDSE Pennsylvania and South Jersey See review
Cornerstone Bank1.75% 8-month CDMassachusetts and Connecticut See review
ESSA Bank1.75% 9-month Promo CertificateEastern Pennsylvania
United Bank1.70% Online Advantage MMA (6-month rate guarantee)25 states See review
Frankenmuth Credit Union2.08% ($100k) 12-month CDMichigan See review
Five Star Bank2.05% 13-month Premier CDSouth Florida See review
Community Financial Credit Union1.84% 13-month Promotional CDMichigan See review
Home Bank of California2.17% 18-month CDSan Diego
SouthPoint Financial Credit Union2.17% ($100k max) 15-month CD Special17 south Minnesota counties See review
Frankenmuth Credit Union2.15% ($100k) 18-month CDMichigan See review
Northfield Bank2.10% 16-month Online CDNew York and New Jersey See review
United Federal Credit Union2.10% 19-month Share Certificate SpecialEMR for residents of AR, IN, MI, NV, NC, OH, and OK See review
Frankenmuth Credit Union2.36% ($100k) 2-year CDMichigan See review
BMI Federal Credit Union2.35% 25-months CD Special8 central Ohio counties See review
Horizon Credit Union2.32% 26-month Special CertificateWashington, 8 Idaho, and 14 Montana counties See review
Magnolia Bank2.30% 24-month CDKentucky See review
Sunstate Bank2.30% 25-month Promo CDSouth Florida See review
Blue Hills Bank2.25% 22-month Flexible CD Eastern Massachusetts See review
Patelco Credit Union2.25% 24-35 months Certificate 16 northern California counties See review
The First National Bank of Long Island2.55% 3-year CDLong Island, NYC, Brooklyn, and Queens Account review
Institution for Savings2.50% 30-month CDMassachusetts' North Shore See review
Home Savings2.50% 36-month CD SpecialOhio and Beaver County, PA See review
P1FCU2.50% 36-month CD12 Idaho, 11 Montana, 3 Oregon, and 2 Washington counties See review
Frankenmuth Credit Union2.50% ($100k) 3-year CDMichigan See review
BMO Harris Bank2.41% (blended) 3-year Step Rate CDAZ, FL, IL, IN, KS, MN, MO, WI See review
Mercantil Commercebank2.40% 36-month Online CDFlorida and Texas See review
Northern Bank2.56% 48-month CDNew England See review
Pelican State Credit Union2.51% 48-month CDRapides Parish, LA; EMR in AR, LA, MS, TX See review
Institution for Savings2.50% ($250k) 4-year Money Market CD (also requires $250K in MMA)Parts of Massachusetts
Spokane Teachers Credit Union2.02% ($25k) 48-60 month CertificateWashington State and 8 northern Idaho counties See review
P1FCU2.75% 60-month CD12 Idaho, 11 Montana, 3 Oregon, and 2 Washington counties See review
State Bank of Southern Utah2.78% 60-month CD6 southwest Utah counties See review
Union Bank and Trust2.78% ($25k), 2.68% ($1k) 60-month CD SpecialNebraska and Kansas See review
First Financial Credit Union2.75% 60-month Share CertificateActive/retired members of the California Teachers Association See review

Post Publication Edits

4/11/2018: Crestmark Bank CD rates lowered.

4/11/2018: My eBank CD rates raised.

4/12/2018: Capital One 360 CD rates raised.

4/13/2018: Colorado Federal Savings Bank 12-month CD rate raised.

Related Pages: 1-year CD rates, 5-year CD rates, nationwide deals, Internet banks
Comments
Richard
Richard   |     |   Comment #1
These brokered CD rate increases occurred since Ken collected his data at noon today: Fidelity and Vanguard are offering new issue, non-callable, brokered CDs by Morgan Stanley Bank at 2.85% (3-year term), 2.65% (2-year term) and 2.35% (18-month term). I also noticed that Vanguard is offering a new issue, non-callable, brokered CD by Morgan Stanley Bank at 2.90% (4-year term) which is higher than the 2.85% (4-year term) rate posted.
warren
warren   |     |   Comment #2
One of those CDs caught my attention today. While viewing the Fidelity trade screen this afternoon, I noticed that over $1,000,000 of the Morgan Stanley 2-yr brokered CD were sold in less than 30 minutes. I guess that term&rate is quite popular now!
deplorable 1
deplorable 1   |     |   Comment #4
With CD rates taking a pause I have now shifted my efforts into bank bonuses. Here are some of the best offers:
1. Citibank $400/$600 with no DD requirement
2. Huntington $200 with no DD requirement
3. Chase $500 checking and savings bonus with DD requirement
These bonuses beat any and all CD rates by a very large margin and should earn around 10% overall on invested funds.
justme
justme   |     |   Comment #7
Hancock Whitney has been profitable for me.
deplorable 1
deplorable 1   |     |   Comment #14
They have a $400 bonus offer(visa gift cards) but this is a state specific offer.
Robb
Robb   |     |   Comment #15
Fifth Third Bank also has a pretty good deal on opening a Essential Checking account with bonus of $250 for a small deposit and 60 day hold. May only be available in certain states.
Isoldier54
Isoldier54   |     |   Comment #5
Deplorable 1 could you explain your comments and how do that bank option works?
Anon1234
Anon1234   |     |   Comment #8
lsoldier54 comment #5 see https://www.doctorofcredit.com/best-bank-account-bonuses/
deplorable 1
deplorable 1   |     |   Comment #11
Also another good place to look is : http://www.hustlermoneyblog.com/best-bank-bonuses-without-direct-deposit/
deplorable 1
deplorable 1   |     |   Comment #12
I tried to post that link and also the one for best bank bonuses without direct deposit over at hustler money blog but the system kicked it out. No posting direct links I guess?
deplorable 1
deplorable 1   |     |   Comment #9
@Isoldier54: I'm not sure I understand what you mean. DD=direct deposit. Each bank has their own specific terms and conditions for each bonus offer. In general you just open a account, deposit the requires funds and wait for the bonus to be credited(usually 90 days). Some also require a specific dollar amount for direct deposit but Chase does not.
deplorable 1
deplorable 1   |     |   Comment #6
On a side note Beam(2-4% savings) just launched a beta version on Apple devices only. I just found that funny because folks who are financially savvy don't pay $700-$1,000 for a handicapped device with planned obsolescence. We use windows and android because they cost less, do more, and are more compatible with other devices(and software!) without having to buy expensive adapters for everything. They also waited until there was a nationally available 2% savings account before launching. Still no details on the requirements to earn the 4% or what the balance cap will be. Supposedly a android app is in the works and will be available soon.
Ann
Ann   |     |   Comment #43
Unfortunately it will probably be several months before the Android version comes out. There was a brief mention buried in one of their recent emails or blog posts along those lines.
Att
Att   |     |   Comment #10
Beam, which earns a servicing fee to perform marketing, customer service and product development duties, will be under pressure to prove to its partner bank that this is a profitable endeavor. It says it’s not going to peddle credit cards or other financial products, from the bank or other financial institutions, at this time. However, that could be coming. According to its privacy policy, users can expect marketing emails from affiliated third parties that take into account their creditworthiness and other personal information.

Beam at this time is not naming the bank that is providing the FDIC insurance.
deplorable 1
deplorable 1   |     |   Comment #13
@Att: From doctor of credit: "We do now know that they are partnering with Evolve Bank & Trust and Synapse Financial Technologies for the limited featured beta." Seems they are FDIC insured.
Att
Att   |     |   Comment #16
The article I read was a little dated and said the bank was not named.. To get the best rates you need to get other people to set up accounts with Beam. Also, looks like you will be solicited to purchase other products. Npt for me.
Ann
Ann   |     |   Comment #44
The referral thing was just being emphasized for the initial launch period (the top 10 referring people get a 7% rate for the first 3 months or something like that). I think there's supposed to be other more scalable/universally-doable activities to earn the ongoing 4% rate. I imagine it will be stuff like Swagbucks does - answer survey questions, watch marketing videos, etc.
Inflation Hawk
Inflation Hawk   |     |   Comment #17
Well, the inflation figures for March are out.
The trailing 12 month CPI-U (not seasonally adjusted) rose to 2.4% (from 2.2% last month).

That means TIPS yields over the preceding 12 months were 2.4% plus the bond's yield to maturity.
A 5 year TIPS on the secondary market is showing a YTM of 0.47%.
So, that would give you a total yield of 2.87% (but your YTM depends on the time it was purchased).

March is the final month of the preceding six that are used to determine the yields for May's iBonds.
The trailing six month average was 1.1%. That's a 2.2% annualized variable rate.
The total yield includes the fixed rate. That's 0.1% right now but won't be determined until May 1st.
So, that means the iBonds total yield will be near 2.3% (give or take 0.1% based on prior history).
That's down from the previous period's 2.48% annualized yield set last fall.

So, how does this compare to CD's.
There's a boatload of 5 year CD's out there at 3.00%.
At 2.87% 5 year TIPS are giving you some inflation insurance for a paltry 0.13%.
At 2.23% those iBonds are giving you some inflation insurance for a bit more expensive 0.77%.
Right now, I'd have to say that the 5 year TIPS are certainly a better deal than the CD's or iBonds.

CD's with shorter terms are actually more competitive against both TIPS and iBonds.
On Ken's list, there's a boatload of 1 year CD's out there yielding 2.20% and up.
So, why bother with an iBond yielding 2.3%?

You actually have to go out to 4 year CD's to beat the current 5 year TIPS yield of 2.87%.
Since a lot could happen with both interest rates and inflation in the next 4 years, 5 year TIPS win.
To minimize the interest and inflation rate risk, the 2 year CD's yielding 2.60% look attractive.
A roughly 0.25% spread between the 2 year CD and the other above options looks negligible.

If you can still beat the rearview mirror inflation rate with short term CD's, that seem decent enough.
Right now, those 2 year CD's yielding 2.60% beat March's inflation rate of 2.4%.
So, neither TIPS or iBonds look like they're worth the bother.
NYCDoug
NYCDoug   |     |   Comment #18
Thanks for your analysis!
ConfedrcyDunces
ConfedrcyDunces   |     |   Comment #20
Comparing TIPS to fixed interest rate securities is illogical.

The amount paid in the past year on TIPS should not be compared to current CD rates.

Can you at least tell us what TIPS will pay during the next 5 years? No?

It could make sense to compare TIPS to variable rate CDs.
anonymous
anonymous   |     |   Comment #21
#20, it's not illogical; rather, it is making a comparison against the future inflation expectations built into the fixed rate securities. If actual inflation will be higher, TIPS win. If actual inflation will be lower, fixed rate wins. Since nobody knows what the future will hold, it might make sense to own a bit of both.

Actually, what I'm much more interested in is how the TIPS real yield curve will be changing in the near future. Real yields have been going up recently, so perhaps it will make sense to wait longer with 5 year TIPS?
Confederacy Of Dunces
Confederacy Of Dunces   |     |   Comment #22
Did you even read the original comment?

There was no "comparison against the future inflation expectations built into the fixed rate securities"

The only comment about TIPS and inflation: "At 2.87% 5 year TIPS are giving you some inflation insurance for a paltry 0.13%."

The comment is written as though TIPS are yielding a base rate of 2.87% which of course they are not.

The choice is pretty simple, and always the same. Fixed rate versus variable rate. Comparing a variable rate TIP with a fixed rate CD, without mentioning one is fixed and the other is variable, is nonsensical.
anonymous
anonymous   |     |   Comment #25
#22, there is no need to speculate what I read or did not read. It's an implicit comparison against future inflation expectations and I understood it exactly as such, because I'm familiar with making the choices between TIPS and fixed rate securities. I'll agree with you that the original comment could have explained the fixed vs. variable nuances in more detail, but I think the comment was written for an audience that would already understand these differences.

The 5 year TIPS will absolutely yield 2.87% (nominal) at the current inflation rate. If the inflation rate drops, it will yield less. If inflation goes higher, it will yield more. So the 5 year TIPS "costs" you 0.13% "insurance" against a 3% CD if inflation spikes. At least that's how I understood it.

You'll notice that the 5 year nominal Treasury is very close to 2% above the real yield of the 5 year TIPS, so the implied inflation expectation is 2%. So the market expects our current (slightly higher) inflation rate to not persists through the next 5 years.
Confederacy Of Dunces
Confederacy Of Dunces   |     |   Comment #27
Anonymous writes: "The 5 year TIPS will absolutely yield 2.87% (nominal) at the current inflation rate."

The one thing we can be certain of, TIPS will not yield 2.87% because the inflation rate will not mirror the prior 12 months.

You further write: "So the 5 year TIPS "costs" you 0.13% "insurance" against a 3% CD if inflation spikes"

What does that even mean? Yes, if inflation increases, TIPS pay more. You, and the original comment, ignore the possibility that inflation decreases.

Which you later acknowledge when you write: "So the market expects our current (slightly higher) inflation rate to not persists through the next 5 years."

Still not sure the point you or the original comment are trying to make.
anonymous
anonymous   |     |   Comment #28
#27, TIPS are usually used as protection against the possibility of high inflation, not because of their superior return when inflation is "normal" or low. In that sense, it is considered a safer investment compared to fixed-rate securities and you generally have to give up some yield for the reduced risk.

That said, of course we can't be sure of what inflation over the next year (or next 5 years) will be. But the same can be said of the prevailing future nominal interest rates. If you buy a 5 year nominal Treasury today, you won't know what its current yield will be tomorrow. Similarly, if you lock in a 5-year CD today, you won't know a priori if this was a good decision. Same with TIPS. If we had some future knowledge of how interest rates develop over time, we probably would all have purchased long-term bonds many years ago.
Bloviating Nonsense
Bloviating Nonsense   |     |   Comment #29
Anonymous, you are just rambling around the issue.
anonymous
anonymous   |     |   Comment #31
#27 and #29, if you have a better method to decide among various asset classes than what Inflation Hawk presented, please share. Just complaining about the analysis is not constructive.

How would you decide when to invest your cash in TIPS? When to invest in CDs or Treasuries?
Law of Attraction
Law of Attraction   |     |   Comment #46
Inflation Hawk did not provide any analysis, he simply misstated the terms of TIPS. They are not currently yielding 2.87%, and do not provide "insurance" for 0.13%

Inflation Hawk, provided an inaccurate definition, and it has been corrected.
JUDGE E.F. BAUM
JUDGE E.F. BAUM   |     |   Comment #24
GOVT INFLATION DATA HAS NO RELEVANCE TO CONSUMER REALITY,,,,,going back to the early 60's when it was frauded up to keep COLA PROGRAMS AS LOW AS POSSBIBLE. the only people that find it useful are wall street and govt agencies at all levels. as a consumer check your gut for food energy, medic, college tuiition for openers.......thus ends today's lesson.
anonymous
anonymous   |     |   Comment #26
Judge (#24), agreed that the government does a lot of adjusting to the data and that it may not represent the real inflation rate ...

But the question becomes, which relatively safe/stable assets can we invest in that provides protection from this inflation? Buy energy stocks, health care stocks, prepay college tuition for example? Real estate? All of these have some risks and/or liquidity or stability issues associated with them.
Inflation Hawk
Inflation Hawk   |     |   Comment #33
More like, thus ends today's red herring.
Go to this website and argue with real statistics (not meaningless anecdotal nonsense).
https://www.bls.gov/news.release/pdf/cpi.pdf
The truth is out there!
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kcfield
kcfield   |     |   Comment #19
With the exception of a brokered CDs and local specials, it is noteworthy that there are several 3.00% CD options for the term of five years; but none for terms of 6+ years (Ken has two listed at 2.90--KS State Bank and Air Force FCU). Does anyone have any thoughts for the reasons behind this dynamic (rates peaking at the 5 year term)?
Milty
Milty   |     |   Comment #32
Appears you have MM@2% or 5yrCD@3%. Seems so much depends on which way you gamble rates will go as to how liquid you want to be. Hmm, if only interest income received the same tax treatment as ordinary dividends, eh.
Southern Girl
Southern Girl   |     |   Comment #23
Ken, Navy Federal Credit Union 15 month CD earning 2.25% expired on April 1, 2018.
rates
rates   |     |   Comment #30
Schwab Brokered
3.0% 5-yr
3.2% 10-yr
kcfield
kcfield   |     |   Comment #34
I just want to take a moment to thank Ken for his excellent and much appreciated service to the public via the "Deposit Accounts" blog. The information provided does far more than ensure that we know the best current savings and CD rates; this blog helps individuals and families to plan wisely for their financial futures.
#39 - This comment has been removed for violating our comment policy.
Richard
Richard   |     |   Comment #40
As of early this afternoon the best rates Fidelity and Vanguard are offering for new issue, non-callable, brokered CDs are 3.15% (10-year term), 3.10% (7-year term), 3.00% (5-year term), 2.90% (4-year term), 2.85% (3-year term), 2.65% (2-year term), 2.35% (18-month term), 2.20% (13-month term), 2.15% (1-year term), 1.95% (9-month term) and 1.90% (6-month term). Except for the 1-year, 9-month and 6-month term rates, none of these are higher than the best rates noted last week. Equivalent term treasuries are currently providing higher rates than the best rates offered by 1-year, 9-month, and 6-month term new issue, brokered CDs.
#41 - This comment has been removed for violating our comment policy.
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Milty
Milty   |     |   Comment #45
Just received a Citizens Bank promotional: 15-month CD.@ 2.5%

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