Advertising Disclosure


Popular Posts

CD Rates Summary August 14, 2018

POSTED ON BY

The July Consumer Price Index (CPI) report that was released on Friday supports the continuation of the Fed’s policy of gradually raising interest rates. Core CPI which excludes food and energy “rose 2.4 percent for the 12 months ending July; this was the largest 12-month increase since the period ending September 2008.”

This CPI news and recent economic news on unemployment and GDP should keep the Fed hiking rates at a gradual pace, which will likely be once a quarter. That would mean rate hikes at the Fed’s meetings in September, December and March. These rate hikes should drive short-term rates higher, but long-term rates may not move much which could result in an inverted yield curve. That could discourage the Fed from additional rate hikes. Next year’s Fed meetings should be interesting if short-term rates start to bump up against long-term rates.

Long-term Treasury yields continue to have difficulty exceeding 3% in a meaningful way. Since last week, the yield of the 10-year Treasury Note has fallen 9 bps to 2.89%. The 30-year Treasury Bond fell 6 bps to 3.06%. With the target federal funds rate currently set to 1.75% to 2.00%, it won’t take too many more Fed rate hikes before short-term rates reach 3%. If long-term yields can’t move much past 3%, we may see an inverted yield curve, which often portends a recession in a year or two.

Why has long-term Treasury yields remained under 3%? This 24/7 Wall St. article offers 10 reasons.

In the last week, both short- and long-term Treasury yields declined, with long-term yields declining the most. Economic concerns over new trade tariffs and a currency crisis in Turkey have increased demand for the safety of Treasury securities, which has contributed to falling Treasury yields. Since long-term rates fell more in the last week than short-term rates, the yield curve has narrowed. The 10-2 spread has shrunk with the difference in yields between the 2-year and 10-year Treasury Notes falling to 26 bps.

Treasuries continue to be a competitive alternative to CDs, especially for terms of 2-years and under. They become even more competitive when the tax advantages of Treasuries are considered. For more discussion on the pros and cons of Treasuries Notes compared to CDs, please refer to this DA Forum thread and this DA blog article.

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

Treasury Yields:

  • 1-month: 1.96% same as last week (0.95% a year ago)
  • 6-month: 2.25% up from 2.23% last week (1.13% a year ago)
  • 1-year: 2.44% down from 2.45% last week (1.23% a year ago)
  • 2--year: 2.63% down from 2.68% last week (1.33% a year ago)
  • 5--year: 2.77% down from 2.84% last week (1.77% a year ago)
  • 10-year: 2.89% down from 2.98% last week (2.22% a year ago)
  • 30-year: 3.06% down from 3.12% last week (2.81% a year ago)

Fed funds futures' probabilities of future rate hikes by:

  • Sep 2018 - up by at least 25 bps: 96.0% same as last week
  • Dec 2018 - up by at least 50 bps: 67.0% down from 70.2% last week
  • Mar 2019 - up by at least 75 bps: 35.4% down from 42.4% 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

We continue to see more 3%+ CDs with shorter terms. However, 3%+ short-term CDs are popular, and they’re not lasting long or they’re not easy to open.

One example of a 3%+ short-term CD that didn’t last long was at Home Loan Investment Bank. They were offering a nationally available 3.15% APY 18-month CD. That only lasted about two weeks, and is no longer available. They’re still offering a Jumbo 3.15% APY 14-month CD, but that requires a branch visit to one of their three Rhode Island branches.

Two credit unions have been offering great 3%+ deals on 30-month CDs. However, they’re not making it easy for everyone to open these. First, Freedom Credit Union in Pennsylvania is still offering a special 30-month CD that earns 3.56% APY. I just learned today from a top credit union official of membership restrictions. There are now residency requirements for ACC members to be eligible for Freedom Credit Union membership. Please see this blog post for details.

The other 30-month CD special is from Greenwood Credit Union. The rate is lower, but with a 3.25% APY, it’s still a very good deal. This credit union continues to be open to everyone, but this 30-month CD special is only available at their branch. This CD special should be available soon in the credit union’s online application. However, this was stated more than a week ago. As of now, this CD special is considered to be a local deal.

The shortest CD term that’s nationally available with a 3%+ APY is 24 months. Two institutions are offering these 24-month CDs. The one with the highest rate is Justice Federal Credit Union which has a certificate special that earns 3.35% APY for a $100k minimum and 3.25% APY for a $500 minimum. These rates require that the member open and maintain a checking account. Without a checking account, the rates are 10 bps lower. More details are available in this blog post.

CD Bank is the other institution. It’s offering 3.00% APY on a 24-month CD. I have more details about CD Bank and its CDs in this blog post.

CDs with terms around 12 months are approaching 3%. The latest internet bank to offer this is Synchrony Bank which has started to offer a 13-month CD special that earns 2.65% APY. Almost nine months ago, Synchrony Bank’s old 13-month CD special was earning only 1.75% APY. That’s a good example of how rates have increased this year. More details about this new 13-month CD is available in this blog post.

The top 12-month CD rate that’s nationally available continues to be 2.80% APY at United Texas Bank. Just below this rate is the 9-month Certificate at Andrews Federal Credit Union. This 9-month Certificate continues to earn 2.75% APY.

For nationally available 5-year CDs, two institutions are offering rates near 3.50%. The first is the easy-to-join United States Senate Federal Credit Union with 5-year rates that range from 3.41% APY for a $1k minimum to 3.53% APY for a $60k minimum. The second institution is First Financial Northwest Bank. It’s now offering a 60-month CD with a 3.50% APY. Minimum deposit is $100k (3.25% APY for a $25k minimum). Both of these 60-month CDs have a hefty early withdrawal penalty of one year of interest.

Earlier this year we had an institution offering a 4% CD (Sharonview FCU). That has long ended, but we have a new institution with a 4% IRA CD. It’s Achieva Credit Union, and it continues to offer 60-month IRA CDs earning up to 4.20% APY. This requires a $75k minimum deposit. The rate falls to 4.10% APY for a $25k minimum and 4.00% APY for a $500 minimum. It’s an easy membership credit union (see our overview page).

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 August 14, 2018

Under 1-Year CD Rates

InstitutionRatesNotes
Andrews Federal Credit Union2.75% 9-month Certificate SpecialEMR See review
CD Bank2.45% ($10k) 9-month CDInternet bank See review
Customers Bank2.25% ($25k)Ascent Money Market Savings (rate guarantee through 6/30/2019 - Account review
Service Credit Union2.20% 9-month CertificateMilitary relationship See review
DollarSavingsDirect2.15% 6-month CDInternet bank See review
MySavingsDirect2.15% 6-month CDInternet bank See review
Communitywide FCU2.15% 6-month Share CertificateEasy membership Account review
The Vanguard Group Brokered CD2.15% (APR) 9-month non-callable CDIssued by IBSH, SFBT*
Fidelity Brokered CD2.15% (APR) 9-month non-callable CDIssued by SFBT*
USALLIANCE Financial2.12% 9-month Fixed Rate CertificateAccount review
Live Oak Bank2.10% 6-month CDInternet bank Account review
CD Bank2.10% ($10k) 6-month CDInternet bank See review
Popular Direct2.05% ($10k) 6-month Popular Direct CDInternet bank See review
Limelight Bank2.05% 6-month CDInternet bank See review
The Vanguard Group Brokered CD2.05% (APR) 6-month non-callable CDIssued by BH*
Fidelity Brokered CD2.05% (APR) 6-month non-callable CDIssued by BH*
The Vanguard Group Brokered CD1.90% (APR) 3-month non-callable CDIssued by IBSH*
Fidelity Brokered CD1.85% (APR) 3-month non-callable CDIssued by BU, FDB, LDRB, VNB, WSF, and 8 others*

Noteworthy Local Deals - Under 1-Year CDs

First County Bank2.60% 15-month No Penalty CDConnecticut See review
Frankenmuth Credit Union2.60% ($100k) 9-month CDMichigan See review
Frankenmuth Credit Union2.48% ($100k) 6-month CDMichigan See review
American Eagle Financial Credit Union2.25% 9-month CD4 Connecticut counties
Members Choice Credit Union2.25% ($50k) 9-month Jumbo CDHouston area See review
Southern States Bank2.24% 9-month CDNorth and Central Alabama, western Georgia See review
Bankers Trust Company2.20% (base rate) 7-month Promotional CDIowa and Arizona See review
Bogota Savings Bank2.20% 8-month CDNorthern New Jersey See review
Westbury Bank2.20% 9-month CDEastern Wisconsin See review
Members Choice Credit Union2.15% 9-month CDHouston area See review
Sunstate Bank2.10% 7-month Promo CDSouth Florida See review

1-Year CD Rates

United Texas Bank2.80% 12-month CD See review
Synchrony Bank2.65% 13-month CDInternet bank See review
CD Bank2.60% ($10k) 12-month CDInternet bank See review
PurePoint Financial2.60% ($10k) 12-month CDInternet bank See review
State Bank of Texas2.60% ($25k) 12-month Jumbo CDAccount review
Fort Knox Federal Credit Union2.60% 14-month CD SpecialEasy membership
Live Oak Bank2.55% 1-year CDInternet bank Account review
Bank5 Connect2.55% 12-month Connect CDAccount review
Congressional Bank2.55% ($25k) 12-month High Yield CDAccount review
Colorado Federal Savings Bank2.51% 1-year CDInternet bank Account review
M.Y. Safra Bank2.51% 12-month Online Promo CD See review
CIT Bank2.50% 1-year CDAccount review
BankPurely2.50% 12-month PurelyCDInternet bank See review
ableBanking2.50% 1-year CDInternet bank See review
Connexus Credit Union2.50% 12-month Share CertificateEasy membership Account review
SallieMae Bank2.50% 12-month CDAccount review
USALLIANCE Financial2.50% 12-month Fixed Rate CertificateAccount review
CommunityWide Federal Credit Union2.50% 12-month Share CertificateEasy membership Account review
Popular Direct2.50% ($10k) 1-year Popular Direct CDInternet bank See review
Synchrony Bank2.45% 12-month CDInternet bank See review
TIAA Bank2.45% 1-year Yield Pledge CD Internet bank See review
PenFed Credit Union2.45% 12-month Money Market CertificateEasy membershipAccount review
Citizens Access2.45% ($5k) 12-month CDInternet bank See review
Barclays2.45% 12-month Online CD Account review
Marcus by Goldman Sachs2.45% 12-month High Yield CD
First Internet Bank2.43% 12-month CDInternet bank See review
MutualOne Bank2.43% 13-month CDAccount review
KS StateBank2.40% 1-year CD See review
Capital One2.40% 12-month 360 CDAccount review
Luther Burbank Savings2.40% 12-month CD Special See review
Alliant Credit Union2.40% ($25k) 12-17 month Jumbo Share CertificateInternet bank See review
Ally Bank2.40% ($25k), 2.25% ($5k) 12-month High Yield CDInternet bank See review
KS StateBank2.40% ($100k) 1-year Jumbo CD Internet Only Special See review
Fidelity Brokered CD2.35% (APR) 1-year non-callable CDIssued by BU, CRES, ENER, MBC*
The Vanguard Group Brokered CD2.30% (APR) 1-year non-callable CDIssued by IBSH, MCBMN, MBPA, META, SANT, SFBT*

Noteworthy Local Deals - 1-Year CDs

Home Loan Investment Bank3.15% ($100k) 14-month in-branch CDConnecticut, Massachusetts, Rhode Island See review
Texas Exchange Bank2.88% ($10k) 12-month CDSee review
Navy Army Community Credit Union2.83% 13-month CD Special8 South Texas counties See review
Affiliated Bank2.75% ($10k) 13-month CD SpecialDallas, Tarrant, and Travis Counties, Texas See review
American Eagle Bank of Chicago2.75% 14-month New Money Step Up CDCook and Kane Counties, Illinois See review
Frankenmuth Credit Union2.73% ($100k) 12-month CDMichigan See review
Kemba Credit Union2.65% 10-Month CD Special14 SW Ohio, 8 northern Kentucky, 2 SE Indiana counties Account review
Cross River Bank2.63% 12-month CDNew Jersey See review
First County Bank2.60% 15-month No Penalty CDConnecticut See review
IC Federal Credit Union2.59% Special 1-year CD6 eastern Massachusetts counties See review
Horizon Credit Union2.53% 13-month New Special CertificateWashington State, 8 Idaho and 14 Montana counties See review
TruWest Credit Union2.50% ($50k max) 11-month Investment Certificate4 Arizona and 2 Texas counties See review
Poppy Bank2.50% 12-month CDCalifornia See review
Mercantil Commercebank2.45% 12-month Online CDFlorida and Texas See review
PathFinder Bank2.50% 12-month CD Special14 central New York counties See review
CFBank2.45% 13-month CD SpecialOhio See review
First Advantage Bank2.45% ($10k) 14-month CD SpecialTennessee and Kentucky See review

18-month CD Rates

Luther Burbank Savings2.83% 18-month Step Up CD See review
Interior Federal Credit Union2.78% ($100k), 2.68% ($500) 18-month Share CertificateEMR See review
Union Bank2.75% ($10k) 18-23 month CDSee review
PurePoint Financial2.70% ($10k) 18-month CDInternet bank See review
State Bank of Texas2.70% ($25k) 18-month Jumbo CDAccount review
CD Bank2.70% ($10k) 18-month CDInternet bank See review
CommunityWide Federal Credit Union2.65% 18-month Share CertificateEasy membership Account review
Popular Direct2.65% ($10k) 18-month Popular Direct CDInternet bank
ConnectOne Bank2.63% 15-month Online CDSee review
Live Oak Bank2.60% 18-month CDAccount review
Citizens Access2.60% ($5k) 18-month CDInternet bank See review
MutualOne Bank2.58% 19-month CD See review
Synchrony Bank2.55% 18-month CDInternet bank See review
Banc of California2.55% ($25k) 18-month CDAccount review
The Vanguard Group Brokered CD2.55% (APR) 18-month non-callable CDIssued by CCB, MSPB*
Fidelity Brokered CD2.55% (APR) 18-month non-callable CDIssued by BRKL, ENER, IBLA*
First Internet Bank2.53% 18-month CDInternet bank See review
NASA Federal Credit Union2.50% 15-months Share CertificateEMR See review
PenFed Credit Union2.50% 18-month Money Market CertificateEasy membershipAccount review
TIAA Bank2.50% 1.5-year Yield Pledge CD Internet bank See review
Greenwood Credit Union2.50% 15-month CDEMR See review
CIT Bank2.50% 18-month CDAccount review
Banesco USA2.50% 18-month CDAccount review
Ally Bank2.50% ($25k), 2.35% ($5k) 18-month High Yield CDInternet bank See review
Ally Bank2.19% (3.00% High Yield 5-Year CD closed after 18 months)See review
Veridian Credit Union2.10% ($100k) (41-month Special Jumbo CD closed after 18 months)Easy membership Account review
Live Oak Bank2.05% (3.05% 5-year CD closed after 18 months)Internet bank Account review
PurePoint Financial2.01% (3.00% ($10k) 36-month CD closed after 18 months)Internet bank See review

Noteworthy Local Deals - 18-Month CDs

Pawtucket Credit Union3.00% 15-month CDRhode Island, Massachusetts, Connecticut See review
Rockland Federal Credit Union3.00% 15-month Share Certificate6 Massachusetts counties See review
First Eagle Bank3.00% 18-month CD SpecialConnecticut See review
First County Bank3.00% 18-month High Yield CDConnecticut See review
Taunton Federal Credit Union3.00% 20-month Share Certificate6 Massachusetts counties See review
Frankenmuth Credit Union2.94% ($100k) 18-month CDMichigan See review
EECU2.80% 17-month Special CertificateEasy membership for Texas residents See review
RelyOn Credit Union2.80% 18-month Certificate SpecialDallas and Kaufman Counties, Texas See review
Cross River Bank2.79% 18-month CDNew Jersey See review
BCB Community Bank2.75% ($50k) 15-month Summer Savings CDCentral and Northern NJ, Staten Island, Long Island Account review
CoVantage Credit Union2.75% 17-month Certificate Special19 northeast Wisconsin and 3 Michigan UP counties See review
Vinton County Bank2.75% 18-month CD27 Ohio counties
USE Federal Credit Union2.70% 17-month CD SpecialEMR for Oklahoma See review
Member One Federal Credit Union2.65% 19-month Share CertificateSouthwest Virginia Account review
Dime2.60% 16-month Promotional CDNYC metro area Account review
Byline Bank2.55% 17-month Promo CDChicagoland and Milwaukee metro area See review
Brookline Bank2.50% 18-month CD SpecialGreater Boston metro area See review
Rockland Federal Credit Union2.50% 20-month Share Certificate6 Massachusetts counties Account review

2-Year CD Rates

Justice Federal Credit Union3.354% ($100k), 3.252% ($500) 24-month Certificate Special w/checkingEasy membership Account review
Justice Federal Credit Union3.254% ($100k), 3.152% ($500) 24-month Certificate Special w/o checkingEasy membership Account review
CD Bank3.00% ($10k) 24-month CDInternet bank See review
Popular Direct2.95% ($10k) 2-year Popular Direct CDInternet bank See review
CommunityWide Federal Credit Union2.90% 24-month Share CertificateEasy membership Account review
KS StateBank2.85% 2-year CD See review
Luther Burbank Savings2.85% 24-month CD Special See review
KS StateBank2.85% ($100k) 2-year Jumbo CD Internet Only Special See review
Virtual Bank2.81% ($10k) 24-month eCD See review
Live Oak Bank2.80% 2-year CDInternet bank Account review
USALLIANCE Financial2.80% 24-month CertificateAccount review
Congressional Bank2.80% ($25k) 24-month High Yield CDAccount review
ableBanking2.80% 2-year CDInternet bank See review
SallieMae Bank2.80% 24-month CDAccount review
Greenwood Credit Union2.80% 24-month CDEMR See review
State Bank of Texas2.80% ($25k) 24-month Jumbo CDAccount review
BankPurely2.75% 24-month PurelyCDInternet bank See review
Citizens Access2.75% ($5k) 24-month CDInternet bank See review
My eBanc2.75% ($5k) 24-month Time Deposit See review
iGObanking2.75% 24-month iGOCD See review
PurePoint Financial2.75% ($10k) 24-month CDInternet bank See review
Banc of California2.75% ($25k) 24-month CDAccount review
OneWest Bank2.75% ($10k) 28-month CDAccount review
Fidelity Brokered CD2.75% (APR) 2-year non-callable CDIssued by BoH, BU, ENER, IBLA, MBC, UBS*
The Vanguard Group Brokered CD2.75% (APR) 2-year non-callable CDIssued by DIS, IBLA, MSPB, SMB, UBS*
Bank5 Connect2.70% 24-month Investment CDAdditional unlimited deposits permitted Account review
First Internet Bank2.68% 24-month CDInternet bank See review
Synchrony Bank2.65% 24-month CDInternet bank See review
Banesco USA2.65% 24-month CD See review
Veridian Credit Union2.65% ($100k) 24-month Jumbo CD Special See review
Colorado Federal Savings Bank2.60% 2-year CDInternet bank Account review
Connexus Credit Union2.60% 24-month Share CertificateEasy membership Account review
TIAA Bank2.60% 2-year Yield Pledge CD Internet bank See review
M.Y. Safra Bank2.60% ($5k) 24-month Online Promo CD See review
Navy Federal Credit Union2.60% ($100k), 2.50% ($1k) 24-month CDMilitary relationship See review
Ally Bank2.39% (3.00% High Yield 5-Year CD closed after 2 years)See review
Veridian Credit Union2.36% ($100k) (41-month Special Jumbo CD closed after 2 years)Easy membership Account review
Live Oak Bank2.31% (3.05% 5-year CD closed after 2 years)Internet bank Account review
PurePoint Financial2.26% (3.00% ($10k) 36-month CD closed after 2 years)Internet bank See review

Noteworthy Local Deals - 2-Year CDs

Frankenmuth Credit Union3.15% ($100k) 2-year CDMichigan See review
Horizon Credit Union3.04% (w/checking) 26-month New Deposit Special CertificateWashington State, 8 Idaho and 14 Montana counties See review
Navigant Credit Union3.00% 23-month CDRhode Island, Connecticut, Massachusetts Account review
RelyOn Credit Union3.00% 24-month Certificate SpecialDallas and Kaufman Counties, Texas See review
The First State Bank3.00% 2-year CD5 central Oklahoma counties See review
Pawtucket Credit Union3.00% 25-month CD SpecialRhode Island and portions of Massachussets and Connecticut Account review
EECU3.00% 29-month Special CertificateEasy membership for Texas residents See review
Blue Hills Bank3.00% 29-month Flexible CDEastern Massachusetts Account review
Cross River Bank2.94% 24-month CDNew Jersey See review
National Bank of New York City2.85% 24-29 month CDNYC, Long Island, Westchester See review
Metro Credit Union2.85% 24-month CD Special8 eastern Massachusetts counties See review
Affiliated Bank2.85% ($10k) 24-month CD SpecialDallas, Tarrant, and Travis Counties, Texas See review
Meridian Bank2.80% 24-month CDSoutheastern Pennsylvania See review
Via Credit Union2.79% ($25k) 27-month CD Special12 Indiana central counties See review
Horizon Credit Union2.78% (w/o checking) 26-month New Deposit Special CertificateWashington State, 8 Idaho and 14 Montana counties See review
Red River Credit Union2.77% 24-month Summer Anniversary CD13 Texas, 11 Arkansas, and three Mississippi counties; Caddo Parish, Louisiana See review
Kohler Credit Union2.75% ($10k) 23-month Share Certificate w/checking8 Southeast Wisconsin counties See review
Verity Credit Union2.75% 25-month Share Certificate SpecialWashington Account review
Mechanics Cooperative Bank2.75% 27-month CD SpecialMassachusetts and Rhode Island Account review
University of Iowa Community Credit Union2.75%($100k), 2.65% ($10k), 2.55% ($1k) 29-month CD Special All of Iowa and 4 Illinois counties, University of Iowa relationship See review

3-Year CD Rates

KS StateBank3.10% 3-year CD See review
First Financial Northwest Bank3.10% ($100k) 2.85% ($25k) 36-month CD See review
KS StateBank3.10% ($100k) 3-year Jumbo CD Internet Only SpecialSee review
Veridian Credit Union3.10% ($100k) 41-month Special Jumbo CDEasy membership Account review
USALLIANCE Financial3.05% 36-month CertificateAccount review
Congressional Bank2.80% ($25k) 24-month High Yield CDAccount review
Quorum Federal Credit Union3.00% 30-month Term SavingsEasy membership Account review
CommunityWide Federal Credit Union3.00% 36-month Share CertificateEasy membership Account review
Luther Burbank Savings3.00% 36-month CD Special See review
Citizens Access3.00% ($5k) 36-month CDInternet bank Account review
Salem Five Direct3.00% ($10k) 36-month eCDAccount review
Popular Direct3.00% ($10k) 3-year Popular Direct CDInternet bank See review
PurePoint Financial3.00% ($10k) 36-month CDInternet bank See review
State Bank of Texas3.00% ($25k) 36-month Jumbo CDAccount review
Veridian Credit Union3.00% 41-month CDEasy membership Account review
The Vanguard Group Brokered CD3.00% (APR) 3-year non-callable CDIssued by ALLY, BMW, CITI, DIS, SMB*
Fidelity Brokered CD3.00% (APR) 3-year non-callable CDIssued by BMW, BH, CCB, CITI, DIS*
Bank5 Connect2.90% 36-month CDInternet bank Account review
Live Oak Bank2.85% 3-year CDAccount review
Veridian Credit Union2.85% ($100k) 36-month Jumbo CD Special Easy membershipSee review
Citizens State Bank2.80% 36-month CD Account review
My eBanc2.80% ($5k) 36-month Time Deposit See review
Veridian Credit Union2.62% ($100k) (41-month Special Jumbo CD closed after 3 years)Easy membership Account review
Ally Bank2.61% (3.00% High Yield 5-Year CD closed after 3 years)See review
Live Oak Bank2.57% (3.05% 5-year CD closed after 3 years)Internet bank Account review

Noteworthy Local Deals - 3-Year CDs

Freedom Credit Union3.56% 30-month CDEasy membership in DE, MD, NJ, PA, VA, WV, and Washington DC Account review
Northeast Credit Union3.50% 35-month Special Share Certificate New Hampshire and south York County, Maine See review
VIA Credit Union3.35% 33-month Certificate Special12 Indiana counties See review
Navy Army Community Credit Union3.33% 30-month CD8 South Texas counties See review
Northeast Credit Union3.33 30-month Special Share Certificate New Hampshire and south York County, Maine See review
Frankenmuth Credit Union3.30% ($100k) 3-year CDMichigan See review
Cross River Bank3.25% 36-month CDNew Jersey See review
Greenwood Credit Union3.25% 30-month CDNational online application is pending, currently in-branch only in Rhode Island Account review
Bank of New England3.15% ($10k) 36-month CD SpecialSoutheast New Hampshire and nearby Massachusetts See review
Lewis Clark Union3.15% 36-month Share Certificate4 Idaho and 3 Washington counties See review
RelyOn Credit Union3.10% 30-month Certificate SpecialDallas and Kaufman Counties, Texas See review
General Electric Credit Union3.05% 3-year Share Bump Certificate16 Ohio, 5 Kentucky, and 5 Indiana counties See review
National Bank of New York City3.05% 36-41 month CDNYC, Long Island, Westchester See review
Pioneer Valley Credit Union3.05% 37-month Share Certificate SpecialEasy membership for CT, MA, NY, RI, VT See review
Sturgis Bank & Trust Company3.05% 38-month Best in the Market CDSouthwest Michigan and Northern Indiana See review
Aventa Credit Union3.04% 30-month CD Special9 south central Colorado counties See review
Evans Bank3.00% 2 1/2 year CD5 western NY counties See review
Institution for Savings3.00% 30-month CDMassachusetts' North Shore See review
Greater Hudson Bank3.00% 36-month CDOrange, Rockland, and Westchester Counties, NY See review
Cyprus Credit Union3.00% 36-month Bump CertificateEMR for Utah residents See review
Vinton County Bank3.00% 36-month CD27 Ohio counties
Meridian Bank3.00% 36-month CDSoutheastern Pennsylvania See review
Notre Dame Federal Credit Union3.00% 36-months Certificate SpecialEmployees and members of more than 830 Affiliated Organizations See review
Rocky Mountain Credit Union3.00% 36-month Share Certificate8 southwest Montana counties See review

4-Year CD Rates

Fort Knox Federal Credit Union3.30% 49-month CD SpecialEasy membership
KS StateBank3.29% 4-year CD See review
KS StateBank3.29% ($100k) 4-year Jumbo CD Internet Only Special See review
First Financial Northwest Bank3.25% ($100k) 3.00% ($25k) 48-month CD See review
CommunityWide Federal Credit Union3.20% 48-month Share CertificateEasy membership Account review
Fidelity Brokered CD3.15% (APR) 4-year non-callable CDIssued by BMW, CCB, CITI, DIS, MBC*
The Vanguard Group Brokered CD3.15% (APR) 4-year non-callable CDIssued by BMW, CITI, DIS*
Community Financial Services Bank3.09% 49-month CD Special See review
Citizens Access3.05% ($5k) 48-month CDInternet bankAccount review
Popular Direct3.05% ($10k) 4-year Popular Direct CDInternet bank See review
Connexus Credit Union3.00% 42-month Share CertificateEasy membership Account review
Citizens State Bank3.00% 48-month CD Account review
ConnectOne Bank2.94% 48-month Personal Certificate See review
Live Oak Bank2.90% 4-year CDInternet bank Account review
Ally Bank2.71% (3.00% High Yield 5-Year CD closed after 4 years)See review
Live Oak Bank2.70% (3.05% 5-year CD closed after 4 years)Internet bank Account review

Noteworthy Local Deals - 4-Year CDs

Cross River Bank3.56% 48-month CDNew Jersey See review
Frankenmuth Credit Union3.40% ($100k) 4-year CDMichigan See review
Tech Credit Union3.35% ($100k) 50-month Jumbo Compound CD4 NW Indiana and 2 NE Illinois counties See review
First Service Credit Union3.25% ($50k), 3.15% ($1k) 48-month CertificateFort Bank, Harris, and Waller Counties, Texas See review
Lewis Clark Union3.25% 48-month Share Certificate4 Idaho and 3 Washington counties See review
P1FCU3.25% 48-month Share Certificate12 Idaho and 2 Washington counties See review
Rocky Mountain Credit Union3.25% 48-month Share Certificate8 southwest Montana counties See review
Bank of New England3.25% ($10k) 48-month CD SpecialSoutheast New Hampshire and nearby Massachusetts See review
Tech Credit Union3.22% 50-month Premium Compound CD4 NW Indiana and 2 NE Illinois counties See review
National Bank of New York City3.20% 48-53 month CDNYC, Long Island, Westchester See review
First National Bank and Trust3.14% 4-year CDLower Alabama
National Bank of New York City3.10% 42-47 month CDNYC, Long Island, Westchester See review
Meridian Bank3.05% 48-month CDSoutheastern Pennsylvania See review
Chemung Canal Trust Company3.03% ($10k) 48-month CD Special12 New York and 1 Pennsylvania counties See review
1st United Credit Union3.00% 40-month Certificate Special 6 Northern California counties See review
City CU3.00% 48-months CD7 Texas counties (Dallas) See review
Washington Trust Company3.00% 4-year Promotional CDRhode Island, Connecticut, Massachsetts See review
Pinnacle Bank3.00% 4-year CDPhoenix and Scottsdale area, Arizona See review
Scient Federal Credit Union3.00% 50-month Special Rate Share CertificateEasy membership for residents of CT, MA, NY, and RI See review
State Bank3.00% 48-month CDNorthwest Ohio and Northeast Indiana See review

5-Year CD Rates

Achieva Credit Union4.20% ($75k), 4.10% ($25k) 60-month IRA/457B Plus Easy membership See review
Achieva Credit Union4.00% ($500) 60-month IRA/457B Easy membership See review
United States Senate Federal Credit Union3.53% ($60k), 3.47% ($20k), 3.41% ($1k) 60-month CDEasy membership
First Financial Northwest Bank3.50% ($100k) 3.25% ($25k) 60-month CD See review
Interior Federal Credit Union3.39% ($100k), 3.29% ($500) 60-month Share CertificateEasy membership See review
KS StateBank3.37% 5-year CD See review
The Vanguard Group Brokered CD3.35% (APR) 5-year non-callable CDIssued by GSB*
Fidelity Brokered CD3.35% (APR) 5-year non-callable CDIssued by GSB*
CommunityWide Federal Credit Union3.30% 60-month Share CertificateEasy membership Account review
State Department Federal Credit Union3.29% 60-months CDEasy membership
Mountain America Credit Union3.25% 5-year Term DepositEasy membership See review
Mountain America Credit Union3.25% ($100k max) 5-year Term Deposit Plus (unlimited additional deposit)Easy membership See review
State Bank of India (IL)3.25% 5-year CD
Connexus Credit Union3.25% 60-month Share CertificateEasy membership Account review
Popular Direct3.25% ($10k) 5-year Popular Direct CDInternet bank See review
Utah First Credit Union3.25% ($50k) 3.15% ($500) 60-month CDEasy membership
Citizens State Bank3.20% 60-month CD Account review
First Internet Bank3.14% 60-month CDInternet bank See review
MutualOne Bank3.14% 61-month CDAccount review
M.Y. Safra Bank3.11% ($5k) 60-month Online Promo CD See review
Navy Federal Credit Union3.10% 5-year CDMilitary relationship See review
Citizens Access3.10% ($5k) 60-month CDInternet bank Account review
Congressional Bank3.10% ($25k) 60-month High Yield CD SpecialSee review
Live Oak Bank3.05% 5-year CDInternet bank Account review
Ally Bank3.00% ($25k), 2.90% ($5k) High Yield 5-year CDInternet bank See review
Synchrony Bank3.00% 60-month CDInternet bank See review
Barclays3.00% 60-month Online CD Account review
Capital One3.00% 60-month 360 CDAccount review
MidFirst Direct3.00% 60-month High Yield Online CDInternet bank Account review
PenFed Credit Union3.00% 5-year Money Market CertificateEasy membershipAccount review
American Bank3.00% 60-month Promotion CD
Service Credit Union3.00% 5-year Share Certificate SpecialMilitary relationship See review
Marcus by Goldman Sachs3.00% High Yield 5-year CDInternet bank See review
Quorum Federal Credit Union3.00% 60-month CDEasy membership See review
INOVA Federal Credit Union3.00% 5-year Certificate Easy membership Account review

Noteworthy Local Deals - 5-Year CDs

Texas Bay Credit Union3.56% ($50k) 60-month Jumbo CertificateGreater Houston metro area See review
First National Bank and Trust3.55% 5-year CDLower Alabama
First Guaranty Bank3.50% 5-year CD Special9 Louisiana parishes and 5 Texas counties See review
Rocky Mountain Credit Union3.50% 60-month Share Certificate8 Montana counties See review
Arapahoe Credit Union3.40% 60-month CertificateEasy membership for Colorado residents See review
Texas Bay Credit Union3.35% 60-month CertificateGreater Houston metro area See review
Lewis Clark Union3.35% 60-month Share Certificate4 Idaho and 3 Washington counties See review
P1FCU3.35% 60-month Share Certificate12 Idaho and 2 Washington counties See review
Bank of New England3.35% ($10k) 60-month CD SpecialSoutheast New Hampshire and nearby Massachusetts See review
Alaska USA Federal Credit Union3.35% ($250k), 3.20% ($100k), 3.15% ($500) 60-month CDAlaska, Washington, San Bernardino County (CA), Maricopa County (AZ) See review
General Electric Credit Union3.30% 5-year Share Bump Certificate16 Ohio, 5 Kentucky, and 5 Indiana counties See review
ValleyStar Credit Union3.30% 60-month Share Certificate11 VA counties, 7 VA cities, 3 NC counties, 3 NC cities See review
Commerce National Bank & Trust3.30% 60-month CDCentral Florida See review
Union Bank and Trust3.29% ($25k) 60-month CD SpecialColorado, Iowa, Kansas, Missouri, Nebraska, and South Dakota See review
Founders Federal Credit Union3.29% 60-month Share CertificateSouth Carolina See review
National Bank of New York City3.25% 54-59 month CDNYC, Long Island, Westchester See review
Bank First National3.25% 60-month Raise Your Rate CD SpecialWisconsin
City CU3.25% 60-months CD7 Texas counties (Dallas) See review
Investors Community Bank3.25% 5-year Certificate6 northeast Wisconsin counties See review
Cyprus Credit Union3.25% 60-month CertificateUtah See review
Granite Credit Union3.25% 60-months CertificateSalt Lake County, Utah See review
Pinnacle Bank3.25% 5-year CDArizona See review
America First Credit Union3.25% 60-month Regular Certificate5 Utah, 2 Arizona, and 2 Nevada counties See review
Idaho Central Credit Union3.25% 60-month Promo CD Idaho Account review
University Federal Credit Union3.25% 60-months Share CertificateSalt Lake and Davis Counties, Utah
BMO Harris Bank3.25% 60-month Special Rate CSAZ, FL, IL, IN, KS, MN, MO, and WI See review
Prairieland Credit Union3.25% ($100k) 60-month Jumbo Share CertificateMcLean County, Illinois See review

Over 5-Year CD Rates

Fidelity Brokered CD3.60% (APR) 10-year non-callable CDIssued by APEX*
Fidelity Brokered CD3.45% (APR) 7-year non-callable CDIssued by APEX*
The Vanguard Group Brokered CD3.45% (APR) 10-year non-callable CDIssued by CITI, DIS, GSB*
The Vanguard Group Brokered CD3.40% (APR) 7-year non-callable CDIssued by CITI, DIS, GSB*
KS StateBank3.39% 7-year CD See review
Navy Federal Credit Union3.25% ($100k), 3.10% ($1k) 7-year CDMilitary relationship See review
Air Force Federal Credit Union3.20% 7-year CD Easy membership See review
Navy Federal Credit Union3.15% ($100k), 3.05% ($1k) 6-year CDMilitary relationship See review
First National Bank of America3.15% 84-month Time CD
Apple Federal Credit Union3.15% 120-month CD
Marcus by Goldman Sachs3.10% 6-year High Yield CD
PenFed Credit Union3.10% 7-year Money Market CertificateEasy membershipAccount review

Noteworthy Local Deals - Over 5-year CDs

Credit Human (formerly San Antonio Federal Credit Union)3.35% 120-month Share CertificateSan Antonio, TX
Kemba Credit Union3.25% 72-month CD Special14 SW Ohio, 8 northern Kentucky, 2 SE Indiana counties Account review
Fairfax County Credit Union3.25% 72-month Share CertificateFairfax County, Virginia Account review
Gesa Credit Union3.25% 84-month CertificateWashington State Account review
Roselle Savings Bank3.25% 84-month CD7 Northern New Jersey counties
Security Service Federal Credit Union3.25% ($50k), 3.20% ($25k), 3.15% ($500) 7-year CDSelect areas in Texas, Colorado, and Utah
Afena Credit Union3.20% ($100k) 84-months Share CertificateGrant and Wabash Counties, IN
Randolph-Brooks Credit Union3.20% 84-month CDSan Antonio and Austin, TX, relationship to Randolph Air Force Base
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

*ALLY (Ally Bank), APEX (Apex Bank), BH (Bank Hapoalim), BMW (BMW Bank), BoA (Bank of America), BRKL (Brookline Bank), BU (BankUnited), CCB (Comenity Capital Bank), CITI (Citibank NA), CRES (Crescom Bank), DIS (Discover Bank), ENER (Enerbank USA), FDB (Fidelity Bank), GSB (GS Bank), IBLA (Iberiabank Louisiana), IBSH (Investors Bank Short Hills), LDRB (Leader Bank MA), MBC (Merrick Bank Corp), MBPA (Meridian Bank PA), MCBMN (Midcountry Bank MN), META (Meta Bank), MSPB (Morgan Stanley Private Bank), SANT (Santander Bank NA), SFBT (Stifel Bank & Trust), SMB (SallieMae Bank), UBS (UBS Bank USA), VNB (Valley National Bank), WSF (Wilmington Savings Fund)

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

Home Loan Investment Bank3.15% 18-month eCDSee review
USALLIANCE Financial2.85% 25-month Fixed Rate CertificateAccount review
USALLIANCE Financial3.00% 35-month Fixed Rate CertificateAccount review

CDs Removed, No Longer Available - Local

Siouxland Federal Credit Union3.32% ($50k max) 12-month Existing Member CD w/checking4 Nebraska, 1 Iowa, and 1 South Dakota counties Account review
Siouxland Federal Credit Union3.32% ($25k max) 12-month New Member CD w/checking4 Nebraska, 1 Iowa, and 1 South Dakota counties Account review
Pelican State Credit Union2.53% 1-year Share Certificate SpecialEasy member for Arkansas, Louisiana, Mississippi, and Texas See review
Institution for Savings2.50% 20-month CDMassachusetts' North Shore See review
University of Iowa Community Credit Union2.90%($100k), 2.80% ($1k) 45-month CD Special All of Iowa and 4 Illinois counties, University of Iowa relationship See review
Pelican State Credit Union3.09% 5-year Share Certificate SpecialEasy member for Arkansas, Louisiana, Mississippi, and Texas See review

CDs Removed, Rate Too Low - National

None

CDs Removed, Rate Too Low - Local

Freedom First1.65% ($10k) Money Market Special (one year rate guarantee)5 southwest Virginia counties See review
Evergreen Bank Group2.70% ($10k) 29-month CD SpecialChicago metropolitan area See review
First Advantage Bank2.68% ($10k) 24-month CD SpecialTennessee and Kentucky See review
Melrose Bank2.65% 2-year eCDCT, ME, MA, NH, RI, and VT See review
Brookline Bank2.60% 24-month CD SpecialGreater Boston metro area See review
GenoaBank2.52% ($100k max) 27-month CD SpecialToledo, Ohio metro area
Evergreen Bank Group2.55% ($10k) 23-month CD SpecialChicago metropolitan area See review
BMI Federal Credit Union2.50% 25-month CD8 Central Ohio counties Account review
FNB Bank3.00% ($100k max) 3-year CD SpecialWestern Kentucky See review
Unity Bank3.00% ($10k max) 36-month CD SpecialNorthern NJ and Eastern PA
American Eagle Bank of Chicago3.00% 39-month New Money Step Up CDCook and Kane Counties, Illinois See review
First Guaranty Bank3.00% 40-month CD Special9 Louisiana parishes and 5 Texas counties See review
Gulf Coast Federal Credit Union2.99% 36-month CD Special3 Southwest Texas counties See review
Liberty First Credit Union2.85% ($25k) 37-month CD SpecialLancaster and Seward Counties, Nebraska See review
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
Prairieland Credit Union3.10% 60-month Share CertificateMcLean County, Illinois See review
Crescent Bank3.03% 60-month CDLouisiana Account review
Embassy Bank for the Lehigh Valley3.00% 59-month CDNorthampton and Lehigh Counties, Pennsylvania See review
CapEd Federal Credit Union3.00% 60-month Promotional Share CertificateIdaho 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
Roselle Savings Bank3.00% 60-month CD7 northern New Jersey counties
Bank First National3.00% 60-month CDWisconsin
First National Bank3.00% 61-month CD Special (w/checking)MD, NC, OH, PA, SC, and WV See review
WECU2.45% 60-month Savings CertificateWashington state See review

Related Pages: savings accounts, money market accounts, 1-year CD rates, 5-year CD rates, IRA CD rates, nationwide deals, Internet banks
Comments
pwj7050
pwj7050   |     |   Comment #1
I think your Justice FCU 24 month CD post would be clearer if you noted up front that the offer does NOT require opening a useless checking account yielding 5 bp,  but the CD Yield is reduced by 10 bp without the checking relationship. It’s still the best 24 month CD out there, 3.15% APY under $100k, I think 3.25% APY over $100k. I did $50k so I’m sure about the 3.15% APY. 
Ken Tumin
Ken Tumin   |     |   Comment #3
Good point. I updated the summary with this info.
alan1
alan1   |     |   Comment #2
Vanguard is now offering new issue CDs with a two year term at a rate of 2.80%. The issuers are Morgan Stanley and Wells Fargo.

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 feedback@depositaccounts.com 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.