Advertising Disclosure


Popular Posts

CD Rates Summary March 24, 2020

POSTED ON BY

We continue to see widespread CD rate cuts as the coronavirus pandemic has forced the government to shut down large parts of the economy. More CD rate cuts should be expected as banks and credit unions continue to respond to the Fed’s emergency rate cuts that have pulled the federal funds rate back down to the zero bound. The increasing odds of a recession are also putting downward pressure on CD rates.

Not all CD rates have fallen. When there is a financial crisis, CD rates can sometimes rise as banks worry about liquidity issues and maintaining adequate deposits. We have seen a little of this, but it hasn’t been as significant as what we saw in 2008.

Noteworthy CD rate changes from two weeks ago are included below (All percentages are APYs).

I’ve separated them into three groups: 1) the popular banks, 2) the less well-known banks that have been rate leaders, and 3) the credit unions with easy membership requirements. The vast majority of the changes were rate cuts with several being large cuts. However, each group had at least one modest rate hike which I included on top of each list.

Popular Online Banks:

  • American Express National Bank (5yr 2.15% → 2.00%, 1yr 0.55% → 1.85%)
  • Ally Bank (5yr 1.75% → 1.60%, 1yr 1.75% → 1.50%, 11m NP 1.90% → 1.55%)
  • PurePoint Financial (5yr 1.25% → 0.75%, 1yr 1.45% → 1.10%, 11m NP 1.30% → 1.01%)
  • Synchrony Bank (5yr 2.15% → 1.65%, 1yr 2.00% → 1.50%)
  • Capital One (5yr 1.40% → 0.85%, 1yr 1.70% → 1.00%)
  • Discover Bank (5yr 2.10% → 1.80%, 1yr 2.00% → 1.75%)
  • Goldman Sachs Bank (5yr 2.15% → 1.90%, 1yr → 2.05% → 1.85%)

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

  • Merrick Bank (2yr 1.60% → 1.95%, 1yr 1.56% → 1.86%)
  • The Federal Savings Bank (5yr promo 2.00% → 2.05%)
  • Bank5 Connect (24m Inv CD 1.90% → 1.25%, 12m 1.80% → 1.30%)
  • Live Oak Bank (5yr 1.90% → 1.50%, 1yr 2.05% → 1.90%)
  • Rising Bank (3yr Rising 1.85% → 1.20%, 18m Rising 1.85% → 1.40%)
  • Banesco USA (1yr 2.15% → 1.75%, 6mo 1.75% → 1.50%)
  • First National Bank of America (5yr 1.95% → 1.90%, 1yr 1.75% → 1.55%)
  • Home Loan Investment Bank (5yr e-CD 2.50% → 2.00%, 30m e-CD 2.10% → 1.30%)

Credit unions that have easy membership requirements:

  • Financial Partners CU (5yr Jumbo 2.55% → 2.15%, 1yr Jumbo 1.65% → 1.75%)
  • Connexus CU (5yr 2.41% → 1.01%, 1yr 2.01% → 0.51%)
  • Andrews FCU (7yr 2.35% → 1.60%, 5yr Jumbo 2.35% → 1.55%, 2yr Jumbo 2.15% → 1.35%)
  • Hiway FCU (5yr 2.30% → 2.10%, 1yr 1.80% → 1.60%)
  • TruStone Financial CU (5yr 2.25% → 2.00%, 1yr 1.50% → 1.25%)
  • American 1 CU (5yr IRA 2.78% → 2.27%)
  • Digital FCU (5yr Jumbo 2.38% → 1.61%)
  • Keesler FCU (30m Step Jumbo 2.67% → 2.14%)
  • Interior FCU (5yr Jumbo 2.52% → 1.81%)
  • Veridian CU (12mo Jumbo Spc 2.20% → 1.70%)

Brokered CD Rates

Brokered CDs experienced large rate increases in the last two weeks. This is likely the result of liquidity issues and deposit concerns at the banks. However, even with these rate increases, direct CD rates at online banks and credit unions continue to have a substantial advantage.

For the non-callable brokered CDs, the top 1-year rates this morning were 1.30% at Fidelity and 1.20% at Vanguard. From two weeks ago, Fidelity is up 45 bps and Vanguard is up 55 bps.

For 5-year CDs, the top 5-year rate was 1.55% at both Fidelity and Vanguard. From two weeks ago, both are up 45 bps.

There were actually a few non-callable 10- and 7-year CDs at Fidelity and Vanguard. Rates were lower than the 5-year CD rates. The top 7-year rate was 1.30%, up 5 bps from two weeks ago at both Fidelity and Vanguard. There weren’t any non-callable 10-year CDs at Vanguard, but at Fidelity there was one with a 1.50% rate, a 45 bps increase from two weeks ago. Banks tend to offer fewer non-callable long-term brokered CDs when they think rates will fall more. Perhaps the availability of these non-callable long-term CDs is a sign that CD rates are near a bottom.

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.

Brokered CD rates tend to lead direct CD rates. Since brokered CD rates are quite a bit lower than the top direct CD rates, that would suggest that direct CD rates will continue to fall.

Falling brokered CD rates was a trend that began in November 2018 when the top 5-year rates reached as high as 3.60%.

Direct CD Rates and Deals

For the top nationally available CDs, the top rates continue to fall. For 5-year CDs, the top yields are now just under 2.50%. For 1-year CDs, the top yields are right around 2.00%.

A rare new CD special was offered at the California-based Spectrum Credit Union. This special includes a 13-month Certificate (2.10% APY) and a 2-year Certificate (2.20% APY). These specials are scheduled to last until at least to the end of the month, but in today’s environment, there’s no guarantee. People from any state can join by joining a non-profit association. Please see this review of these specials for more details.

For CDs with terms close to 12 months, only two institutions with nationally available CDs are offering yields of at least 2%. In addition to Spectrum, the New Jersey-based Affinity Federal Credit Union is one. It’s offering a 14-month promotional Certificate with yields that range from 1.80% to 2.00% based on the minimum deposit. The 2.00% APY requires a minimum deposit of $100k. People from any state can join Affinity by joining an association.

The bank with the highest nationally-available 1-year CD rate is currently Live Oak Bank. Its 1-year CD earns 1.90% APY with a minimum deposit of $2,500.

For CDs with terms of 5 years, the highest nationally-available rates are now just under 2.50%. The highest yield is 2.45% at the Florida-based Achieva Credit Union. This requires a minimum deposit of $75k. People from any state can join by joining the Achieva Foundation.

Second place for 5-year CDs goes to another Florida-based credit union. Pen Air Federal Credit Union’s 5-year CD yield is currently 2.40%. It had been 2.95% for most of 2019. It fell in December to 2.60%, and it fell again earlier this month to its current yield of 2.40%. Minimum deposit is only $500. People from any state can join by joining the Friends of the Navy-Marine Corps Relief Society, Inc. Please see this review of this CD for more details.

The highest nationally-available 5-year CD yield at a bank is now 2.05%. This is available from the Chicago-based The Federal Savings Bank. Minimum deposit is $10k. For the last four months, this bank had kept the 5-year yield at 2.00%. The yield went up to 2.05% last week.

The second highest 5-year CD yield at a bank is now 2.00%. Two banks are offering this yield, Home Loan Investment Bank and American Express National Bank. Out of these two, American Express is by far the largest bank. The minimum deposit for American Express CDs is only $1, but there is a downside. The early withdrawal penalty is harsh: 540 days of interest. If you don’t want such a long term, American Express did a substantial rate hike on its 1-year CD. It now earns 1.85% APY, which places this CD just below Live Oak Bank’s top 1-year CD yield. Please see this review of the 5-year CD for more details.

Navy Federal Credit Union continues to offer a Special 17-month add-on Certificate with a 2.25% APY. Minimum deposit is $50, and the maximum balance is $75k. Additional deposits are allowed at any time, subject to the maximum balance. It’s not available inside an IRA. Navy Federal continues to offer a 37-month IRA CD special with a 3.00% APY. This only applies to IRA and ESA CDs. There’s a $50 minimum balance and a $150k maximum balance. Like the 17-month Special, additional deposits are allowed at any time, subject to the maximum balance.

Savings and Money Market Accounts

We are now down to just two savings or money market accounts with a yield of at least 2%. However, both have caveats.

The first is FitnessBank’s Fitness Savings account which continues on top as the rate leader for savings and money market account even after its 10 bp rate cut at the start of March. Its top tier APY is 2.10% for March. The issue with this account is that it requires that the customer average 12,500 steps per day for the month as measured by a step tracker app. The rate falls to 2.00% APY when the step average is between 10,000 and 12,500. The rate falls significantly for lower step averages.

The second account with a yield of at least 2% is the Superior Money Market Account from Affinity Plus Federal Credit Union. The issue with this account is that the 2.02% APY is limited to balances up to $25k. Balances over $25k earn only 1.00%. There’s also the requirement of direct deposit of at least $500 per month.

SFGI Direct holds the top spot for a low-minimum savings account with normal savings account features and requirements. Its savings account earns 1.86% APY on balances of at least $1. Minimum opening deposit is $500. The account has a long history with competitive rates that go back to 2010.

Federal Reserve and Interest Rate Summary

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

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

Yields Accurate as of March 24, 2020

Under 1-Year CD Rates

InstitutionRatesNotes
US Postal Service Federal Credit Union1.75% ($5k) 26-week e-Money Market Add-on Certificate (**NTS)Easy membershipSee review
Goldman Sachs Bank1.70% ($500) 7-month No-Penalty CD (**NTS) Account review
CIT Bank1.70% ($1k) 11-month No-Penalty CD (**NTS) Account review
Advancial1.68% ($50k) 6-month Jumbo Certificate (**NTS)Easy membershipSee review
Goldman Sachs Bank1.60% ($500) 11-month No-Penalty CD Account review
Ally Bank1.55% ($25k) 11-month No-Penalty CD Account review
Spectrum Credit Union1.55% ($500) 9-month CD (**NTS)Easy membershipSee review
Lafayette Federal Credit Union1.51% ($500) 7-month Fixed CD (**NTS)Easy membershipSee review
Fidelity Brokered CD1.20% (APR) 6-month non-callable CDIssued by MRB*
The Vanguard Group Brokered CD1.20% (APR) 6-month non-callable CDIssued by MRBI*
Fidelity Brokered CD1.15% (APR) 3-month non-callable CDIssued by BMW*
Fidelity Brokered CD1.15% (APR) 9-month non-callable CDIssued by BMW, TCF*
The Vanguard Group Brokered CD1.10% (APR) 9-month non-callable CDIssued by TFSB*
The Vanguard Group Brokered CD1.05% (APR) 3-month non-callable CDIssued by CDRI*

Noteworthy Local Deals - Under 1-Year CDs

Share Point Credit Union3.00% ($10k max) eSavings, 2 year rate guarantee7 Minnesota counties See review
Security Bank2.15% $(1k) 9-month CD Special (existing customers) (**NTS)Springfield, Illinois area
R Bank2.07% ($10k) 7-month Special CD (**NTS)Texas
Peoples State Bank2.02% ($1k) 6-month CD (**NTS)Kansas

1-Year CD Rates

Spectrum Credit Union2.10% ($500) 13-month Special CD (**NTS)Easy membership See review
Affinity Federal Credit Union2.00% ($100k), 1.90% ($50k), 1.80% ($2.5k) 14-month CD Special (**NTS)Easy membership See review
Pen Air Federal Credit Union1.90% ($500) 12-month CDEasy membership See review
Live Oak Bank1.90% ($2.5k) 1-year CDAccount review
CIT Bank1.86% ($1k) 1-year Term CDInternet bank Account review
Merrick Bank1.86% ($25k) 12-month CD (**NTS) Account review
Barclays1.85% (no min) 12-month Online CD (**NTS) See review
American Express National Bank1.85% ($1) 12-month CD (**NTS) See review
Goldman Sachs Bank1.85% ($500) 12-month High-Yield CD (**NTS) Account review
Financial Partners Credit Union1.75% ($100k) 12-23 month Jumbo CD (**NTS)Easy membership See review
Banesco USA1.75% ($1.5k) 1-year BaneSmart CDAccount review
Fidelity Brokered CD1.30% (APR) 1-year non-callable CDIssued by MBC*
The Vanguard Group Brokered CD1.20% (APR) 1-year non-callable CDIssued by COBNA, COBUSA*

Noteworthy Local Deals - 1-Year CDs

Farmers and Merchants Bank2.17% ($75k) 13-month Time Certificate SpecialEastern Nebraska See review
Cross River Bank2.15% ($500) 12-month CD (**NTS)New Jersey See review
Bank of Lexington2.11% ($500) 12-month CD Special (**NTS)Lexington, Kentucky area
Progressive Bank2.10% ($1k) 11-month CD Special (**NTS)Northern Louisiana

18-month CD Rates

Navy Federal Credit Union2.25% ($50 min/$75k max) 17-month CD Special w/Add-OnsMilitary relationship See review
Pen Air Federal Credit Union2.00% ($500) 18-month CDEasy membership See review
American Express National Bank1.90% ($1) 18-month CD (**NTS) See review
Live Oak Bank1.90% ($2.5k) 18-month CDAccount review
Merrick Bank1.85% ($25k) 18-month CD (**NTS) Account review
Barclays1.85% (no min) 18-month Online CD (**NTS) See review
Goldman Sachs Bank1.85% ($500) 18-month High Yield CD Account review
CIT Bank1.85% ($1k) 18-month Term CD (**NTS)Internet bank Account review
Advancial1.81% ($50k) 18-month Jumbo Certificate (**NTS)Easy membershipSee review
Discover Bank1.75% ($2.5k) 18-month CD Account review
Pinnacle Federal Credit Union1.75% ($500) 18-month CD (**NTS)Easy membership See review
Achieva Credit Union1.75% ($75k), 1.55% ($500) 18-month CD (**NTS)Easy membership See review
Fidelity Brokered CD1.30 (APR) 18-month non-callable CDIssued by BMW*
The Vanguard Group Brokered CD1.30% (APR) 18-month non-callable CDIssued by BMW*

Noteworthy Local Deals - 18-Month CDs

Solidarity2.50% ($500) 17-month CD SpecialHoward and Tipton Counties, Indiana See review
SSB Bank2.25% ($500) 18-month CD (**NTS)Pittsburgh, Pennsylvania area
Tremont Credit Union2.25% ($1k) 18-month CD Special (**NTS)3 Massachusetts counties See review
CSE Federal Credit Union2.22% ($1k) 18-month Share Certificate (**NTS)3 Louisiana parishes See review

2-Year CD Rates

Spectrum Credit Union2.20% ($500) 24-month Step Up Special CD (**NTS)Easy membership See review
Hughes Federal Credit Union2.12% ($99k) 29-month Jumbo CD (**NTS)Easy membership See review
Pen Air Federal Credit Union2.10% ($500) 24-month CDEasy membership Account review
Affinity Federal Credit Union2.00% ($100k), 1.90% ($50k), 1.80% ($2.5k) 22-month CD Special (**NTS)Easy membership See review
BankDirect1.95% ($10k) 24-month CD Account review
Merrick Bank1.95% ($25k) 24-month CD (**NTS) Account review
Advancial1.93% ($50k) 2-year Jumbo Certificate (**NTS)Easy membershipSee review
American Express National Bank1.90% ($1) 24-month CD (**NTS) See review
Barclays1.85% (no min) 24-month Online CD (**NTS) See review
Goldman Sachs Bank1.85% ($500) 2-year High Yield CD Account review
Discover Bank1.75% ($2.5k) 24-month CD Account review
Fidelity Brokered CD1.50% (APR) 2-year non-callable CDIssued by MBC*
The Vanguard Group Brokered CD1.35% (APR) 2-year non-callable CDIssued by BMW, COBNA, COBUSA*

Noteworthy Local Deals - 2-Year CDs

Greater Kentucky Credit Union2.45% ($50k) 2-year Jumbo CD (**NTS)24 Kentucky counties
Rio Grande Credit Union2.43% ($25k) 24-month Jumbo CD (**NTS)2 New Mexico counties
Louisiana Federal Credit Union2.38% ($100k) 2-year Jumbo Share Certificatemore than 800 Louisiana SEGs See review
East Texas Professional Credit Union2.32% ($1k) 24-month Share Certificate (**NTS)11 Texas counties

3-Year CD Rates

Navy Federal Credit Union3.00% ($50 min/$150k max) 37-month IRA SpecialMilitary relationship See review
Hughes Federal Credit Union2.22% ($99k) 36-month Jumbo CD (**NTS)Easy membership See review
Pen Air Federal Credit Union2.20% ($500) 36-month CDEasy membership Account review
Achieva Credit Union2.10% ($75k), 1.90% ($500) 36-month CD (**NTS)Easy membership See review
Advancial2.04% ($50k) 3-year Jumbo Certificate (**NTS)Easy membershipSee review
Dow Chemical Employees' Credit Union2.00% ($1k) 36-month Simple CD (**NTS)Easy membership See review
American Express National Bank1.95% ($1) 36-month CD Account review
Barclays1.85% (no min) 36-month Online CD (**NTS) See review
First National Bank of America1.80% ($1k) 36-47 month CD (**NTS)
Goldman Sachs Bank1.85% ($500) 3-year High Yield CD Account review
Fidelity Brokered CD1.60% (APR) 3-year non-callable CDIssued by MBC*
The Vanguard Group Brokered CD1.50% (APR) 3-year non-callable CDIssued by MDB*

Noteworthy Local Deals - 3-Year CDs

Solidarity2.90% ($500) 37-month CD SpecialHoward and Tipton Counties, Indiana See review
Northwoods Credit Union2.68% ($100k), 2.58% ($50k), 2.47% ($1k) 36-month Certificate3 Minnesota counties See review
Rio Grande Credit Union2.58% ($25k) 36-month Jumbo CD (**NTS)2 New Mexico counties
Greater Kentucky Credit Union2.55% ($50k) 3-year Jumbo CD (**NTS)24 Kentucky counties
Kansas City Credit Union2.50% ($500) 36-month CD2 NW Missouri counties See review

4-Year CD Rates

Pen Air Federal Credit Union2.30% ($500) 48-month CDEasy membership Account review
Achieva Credit Union2.25% ($75k), 2.05% ($500) 48-month CD (**NTS)Easy membership See review
Northrop Grumman Federal Credit Union2.10% ($40k) 48-month Bonus Term CDEasy membership See review
Advancial2.10% ($50k) 4-year Jumbo Certificate (**NTS)Easy membershipSee review
Georgia's Own Credit Union2.00% ($500) 4-year CD (**NTS)Easy membershipSee review
American Express National Bank1.95% ($1) 48-month CD (**NTS) Account review
Barclays1.85% (no min) 48-month Online CD (**NTS) See review
Goldman Sachs Bank1.85% ($500) 4-year High Yield CD (**NTS) Account review
First National Bank of America1.85% ($1k) 48-59 month CD (**NTS)
Discover Bank1.80% ($2.5k) 48-month CD Account review
Fidelity Brokered CD1.70% (APR) 4-year non-callable CDIssued by MBC*
The Vanguard Group Brokered CD1.50% (APR) 4-year non-callable CDIssued by BMW*

Noteworthy Local Deals - 4-Year CDs

St. Paul Federal Credit Union2.85% ($1k) 48-month CD (**NTS) Minneapolis/St. Paul area See review
Kansas City Credit Union2.75% ($500) 48-month CD2 NW Missouri counties See review
Rio Grande Credit Union2.63% ($25k) 48-month Jumbo CDSandoval and Bernalillo Counties, New Mexico 
Members Heritage Credit Union2.58% ($100k) 4-year Jumbo CD (**NTS)22 Kentucky counties
Credit Union 12.57% ($100k), 2.52% ($40k), 2.47% ($500) 4-year Share Certificate (**NTS)Alaska

5-Year CD Rates

Achieva Credit Union2.45% ($75k), 2.35% ($500) 60-month CD (**NTS)Easy membership See review
Pen Air Federal Credit Union2.40% ($500) 60-month CDEasy membership See review
American 1 Credit Union2.27% ($50) 5-year IRAEasy membership See review
Georgia's Own Credit Union2.27% ($500) 5-year CD (**NTS)Easy membershipSee review
Advancial2.21% ($50k) 5-year Jumbo Certificate (**NTS)Easy membershipSee review
Northrop Grumman Federal Credit Union2.15% ($40k) 60-month Bonus Term CD (**NTS)Easy membership See review
The Federal Savings Bank2.05% ($10k) 5-year Promotional CD (**NTS)
Home Loan Investment Bank2.00% ($2.5k) 5-year eCD See review
American Express National Bank2.00% ($1) 60-month CD (**NTS) Account review
First National Bank of America1.90% ($1k) 60-month CD (**NTS)
TIAA Bank1.90% ($5k) 5-year Yield Pledge CD (**NTS)
The Vanguard Group Brokered CD1.55% (APR) 5-year non-callable CDIssued by BMW*
Fidelity Brokered CD1.55% (APR) 5-year non-callable CDIssued by AMEX NB, BMW*

Noteworthy Local Deals - 5-Year CDs

Solidarity3.10% ($500) 59-month CD SpecialHoward and Tipton Counties, Indiana See review
St. Paul Federal Credit Union3.05% ($1k) 60-month CD Minneapolis/St. Paul area See review
Alabama One Credit Union3.03% ($250k) 60-month Jumbo CD22 Alabama counties
WEPCO Credit Union3.03% ($500) 60-month Share Certificate2 Maryland and 3 West Virginia counties See review
Kansas City Credit Union3.00% ($500) 60-month CD2 NW Missouri counties See review

Over 5-Year CD Rates

Northrop Grumman Federal Credit Union2.25% ($40k) 84-month Bonus Term CDEasy membership See review
AFFCU2.10% ($100k), 2.05% ($25k), 2.00% ($12.5k) 84-month Share CertificateEasy membership See review
First National Bank of America2.00% ($1k) 84-month Time CD
Goldman Sachs Bank1.90% ($500) 6-year High-Yield CD
LegacyTexas Bank1.86% ($1k) 120-month Regular CD
Discover Bank1.80% ($2.5k) 10-year CD
Andrews Federal Credit Union1.60% ($1k) 84-month Share CertificateEasy membership See review
Evansville Teachers Federal Credit Union1.45% ($1k) 6-year CDEasy membership See review
Third Federal Savings and Loan1.25% ($500) 72-month CD
Fidelity Brokered CD1.50% (APR) 10-year non-callable CDIssued by HBNE, LOB*
The Vanguard Group Brokered CD1.30% (APR) 7-year non-callable CDIssued by HBNE*
Fidelity Brokered CD1.30% (APR) 7-year non-callable CDIssued by HBNE, LOB, UNB*

Noteworthy Local Deals - Over 5-year CDs

Rogue Credit Union2.63% ($100k), 2.53% ($25k), 2.43% ($2k) 72-month CD28 Oregon counties
Geddes Federal Savings and Loan Association2.50% ($500) 72-month CD (**NTS)Within 150 miles of Syracuse, New York Account review
ELGA Credit Union2.40% ($500k), 2.35% ($250k), 2.30% ($100k) 72-month CDEasy membership in Michigan Account review
VCC Bank2.32% ($500) 7-year CD (**NTS)Virginia
Founders Federal Credit Union2.27% ($500) 84-month Share Certificate (**NTS)4 South Carolina counties Account review

*AMEX NB (American Express National Bank), BMW (BMW Bank), CBRI (Citizens Bank RI), COBNA (Capital One Bank NA), COBUSA (Capital One Bank USA), HBNE (Horizon Bank NE), LOB (Live Oak Banking Company), MBC (Merrick Bank Corp), MBD (Medallion Bank), MRB (Merchants Bank), MRBI (Merchants Bank of Indiana), TCF (TCF National Bank), TFSB (The Federal Savings Bank), UNB (United National Bank)

**New To Summary

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

Salal Credit Union2.00% (1k) 7-month Share Certificate SpecialEasy membershipSee review
Keesler Federal Credit Union2.10% (100k) 9-month Jumbo CD SpecialEasy membership (recently changed) See review
Sun East Federal Credit Union2.25% ($500) 19-month CD SpecialEasy membership See review

CDs Removed, No Longer Available - Local

CenterBank2.10% ($500) 9-month CD SpecialGreater Cincinnati, Ohio metro area See review
Clinton National Bank2.25% ($500) 8-month CD Special (**NTS)Eastern Iowa
Marshall Community Credit Union2.55% ($125k) 16-month Premier CD Special8 SW Michigan counties See review

CDs Removed, Rate Too Low - National

Partner Colorado Credit Union1.50% ($100k) 6-month Jumbo CDEasy membershipSee review
Communitywide FCU1.45% ($2k) 6-month Share CertificateEasy membership Account review
BrioDirect1.20% ($500) 9-month CDInternet bank See review
Nationwide by Axos Bank0.40% ($500) 6-month CD Account review
HSBC Direct0.75% ($1k) 6-month Direct CD Account review
Veridian Credit Union1.70% ($100k) 12-month Jumbo CD SpecialEasy membership See review
Ally Bank1.65% (no min) 13-month Select CD Account review
Partner Colorado Credit Union1.60% ($100k) 12-month Jumbo CDEasy membershipSee review
People's Trust Federal Credit Union1.27% ($100k), 1.25% ($50k), 1.23% ($25k), 2.21% ($10k), 1.91% ($1k) 12-month CDEasy membership See review
BrioDirect1.25% ($500) 12-month High Rate CD Account review
American Heritage Credit Union0.95% ($1k) 13-month Share CertificateEasy membership See review
Live Oak Bank1.60% ($2.5k) 18-month CDAccount review
Synchrony Bank1.50% ($2k) 18-month CD Account review
People's Trust Federal Credit Union1.32% ($100k), 1.30% ($50k), 1.28% ($25k), 1.26% ($10k), 1.24% ($1k) 18-month CDEasy membership See review
Nationwide by Axos Bank0.40% ($500) 18-month CD Account review
Keesler Federal Credit Union1.87% ($100k) 21-month Jumbo Step CDEasy membership (recently changed) See review
Veridian Credit Union1.75% ($100k) 21-month Jumbo CD SpecialEasy membership See review
Interior Federal Credit Union1.61% (100k) 24-month Jumbo Share CertificateEasy membership Account review
Synchrony Bank1.50% ($2k) 24-month CD Account review
Andrews Federal Credit Union1.35% ($10k) 24-month Jumbo Share CertificateEasy membership See review
Home Loan Investment Bank1.30% ($2.5k) 2-year eCD Account review
Connexus Credit Union0.71% ($5k) 24-month CertificateEasy membership See review
Keesler Federal Credit Union2.14% blended ($100k) 30-month Jumbo Step CertificateEasy membership See review
Prime Alliance Bank1.55% ($500) 36-month CD
Synchrony Bank1.55% ($2k) 36-month CD Account review
Home Loan Investment Bank1.30% ($2.5k) 36-month eCD Account review
Connexus Credit Union0.81% ($5k) 36-month CertificateEasy membership See review
MTC Federal Credit Union1.71% ($10k) 48-month Share Plus CDEasy membership
Prime Alliance Bank1.65% ($500) 48-month CDSee review
Synchrony Bank1.60% ($2k) 48-month CD Account review
DCU1.51% ($25k) 48-59 month Jumbo CDEasy membership
Financial Partners Credit Union2.15% ($100k) 60-month Jumbo CDEasy membership See review
TruStone Financial Credit Union2.00% ($500) 60-month CertificateEasy membership See review
Interior Federal Credit Union1.81% (100k) 60-month Jumbo Share CertificateEasy membership Account review
Prime Alliance Bank1.75% ($500) 60-month CDSee review
Synchrony Bank1.65% ($2k) 60-month CD Account review
DollarSavingsDirect1.20% ($1k) 60-month CD See review
MySavingsDirect1.20% ($1k) 60-120 month My Term CD See review
SRP Federal Credit Union1.26% ($5k) 7-year Flex CDEasy membership See review
MySavingsDirect1.20% ($1k) 60-120 month My Term CD

CDs Removed, Rate Too Low - Local

Financial Center First Credit Union1.50% ($500) 1-60 month Blended StepSmart Certificate Special10 Indiana counties
BankGloucester1.02% ($500) 9-month CDCape Ann, Massachusetts
EFCU Financial1.85% ($100k) 12-month Jumbo CD9 Louisiana parishes See review
TEXAR Federal Credit Union1.75% ($1k) 12-month Online Share Certificate4 Texas and 1 Arkansas counties See review
Seattle Bank1.65% ($1k) 12-month CDWashington state See review
Travis Credit Union1.50% ($500) 13-month CD Special12 northern California counties See review
Stamford Federal Credit Union1.51% ($1k) 18-month Share CertificateFairfield County, Connecticut See review
VIA Credit Union1.50% ($500) 20-month HSA CD12 Indiana counties See review
Charlotte Metro Credit Union0.95% ($100k) 18-month Senior Jumbo Share Certificate 7 North Carolina and 3 South Carolina counties See review
SAFE Federal Credit Union1.84% ($100k), 1.73% ($50k), 1.22% ($1k) 24-month Easy Street Certificate7 South Carolina counties See review
The First National Bank of Northfield1.51% ($50k) 24-month CDMinnesota
SPC Credit Union1.00% ($25k) 24-month Share Certificate Special3 South Carolina counties
Nusenda Credit Union1.85% ($1k) 36-month Bump Rate CDEasy membership in New Mexico See review
SAFE Federal Credit Union1.82% ($100k), 1.72% ($50k), 1.31% ($1k) 36-month Investment Certificate7 South Carolina counties See review
Charlotte Metro Credit Union1.20 ($50k) 3-year Jumbo Share Certificate7 North Carolina and 3 South Carolina counties See review
VIA Credit Union2.02% ($500) 48-59 month HSA CD12 Indiana counties See review
SAFE Federal Credit Union1.92% ($100k), 1.82% ($50k), 1.31% ($1k) 48-month Investment Certificate7 South Carolina counties See review
Shell Federal Credit Union1.70% ($50k), 1.65% ($500) 48-month Share CertificateHarris County, Texas See review
VIA Credit Union2.17% ($500) 60-71 month HSA CD12 Indiana counties See review
CME Federal Credit Union2.12% ($50k), 1.97% ($15k), 1.76% ($500) 84-month Share Certificate8 Central Ohio counties
AmeriCU1.04% ($1k) 60-72 month Partner Certificate9 Central/Northern New York counties See review

Post Publication Edits

3/25/2020: Removed an old Westbury Bank CD rate.

Related Pages: savings accounts, money market accounts, 1-year CD rates, 5-year CD rates, nationwide deals, Internet banks
Comments
Deborah
  |     |   Comment #1
Westbury Bank CD rates have been out of date for quite some time.

Here are the current rates:

Term Interest Rate APY

6 Month 0.40% 0.40%
9 Month 0.45% 0.45%
1 Year 0.60% 0.60%
18 Month 0.70% 0.70%
2 Year 0.80% 0.80%
3 Year 0.80% 0.80%
4 Year 0.80% 0.80%
5 Year 0.80% 0.80%
Ken Tumin
  |     |   Comment #3
Thanks for alerting us to this. We were pulling in rates from an old page from their website. I found the new rates page, and we will make the updates.
donniebig
  |     |   Comment #2
You didn't mention Loan Doctor Financial 5.25% CD.
Ken Tumin
  |     |   Comment #4
I have looked into the Loan Doctor's CDs. Their FAQ states "The HCF High Yield CD account is not a bank deposit." Also, the FAQ states "When a loan is made by Loan Doctor, the funds are not insured but are instead backed by liquid collateral or a purchase commitment from a buyer of the loan."

In short, these Loan Doctor's CDs are not deposit accounts with federal deposit insurance that covers the account for the entire duration of the term. In today's environment, it would be prudent to be extra cautious of any non-traditional investment product.
alan1
  |     |   Comment #5
Thank you, Ken. I've been noticing a recent increase in posts touting CDs with high yields and not providing the name of an actual bank. None of those posts provide much information about the CDs or their vendors -- perhaps some of the posters believe that a high percentage figure is all we need to know.
Last Minute Deal
  |     |   Comment #6
Thanks to this post, I managed to open an 18 month CD @ Tremont Credit Union @ 2.25%. This CD also allows for a one time additional deposit, which is nice in this environment. Unfortunately, this is available only to those who live/work/worship near Boston, MA. Act fast, though. The branch I was at just got word the special was ending on Friday 3/27/20!
Tom
  |     |   Comment #7
What does **NTS mean?
Rob
  |     |   Comment #8
Navy Federal Credit Union … 2.25% ($50 min/$75k max) 17-month CD Special w/Add-Ons … has expired
Rob
  |     |   Comment #9
SSB Bank … 2.25% ($500) 18-month CD (**NTS) … Pittsburgh, Pennsylvania area … is a mistake / the rate was never available

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.