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CD Rates | Compare the Best CD Rates at Banks by Searching our CD Rates List at RatesORama.com
 

CD Rates | Search for CD Rates Today

Search and compare the highest CD rates available locally and nationally using our CD Rate list below. We maintain a list of the best certificate of deposit rates available at local banks, national banks and credit unions. Use our rate list to find the best CD rates available. Our CD database of rates is updated daily since CD interest rates change all the time.
CD Term
Product Type
Search Type
 
Institution
APY
Rate
Min. Deposit
Comments
Chartway Federal Credit Union

2 yr CD
1.500%
10/20/2014
1.500%
$10,000.00
Visit chartway.com to open your certificate today. 
Pentagon Federal Credit Union

2 yr CD
1.310%
10/20/2014
1.300%
$1,000.00
 
Home Savings Bank

2 yr CD
1.270%
10/20/2014
1.260%
$10,000.00
 
Nationwide Bank

2 yr CD
1.270%
10/20/2014
1.260%
$500.00
Recognized By Bankrate.com For Having Top Tier CD Rates Q1 2014 
ableBanking, a division of Northeast Bank

2 yr CD
1.270%
10/20/2014
1.260%
$1,000.00
$25 New Customer Gift to give to charity (501c3). FDIC insured. 
HeritageWest Credit Union

2 yr CD
1.260%
10/20/2014
1.250%
$10,000.00
 
Colorado Federal Savings Bank

2 yr CD
1.250%
10/20/2014
1.240%
$5,000.00
 
First Internet Bank of Indiana

2 yr CD
1.250%
10/20/2014
1.240%
$1,000.00
 
California First National Bank

2 yr CD
1.200%
10/20/2014
1.190%
$5,000.00
 
Congressional Bank

2 yr CD
1.200%
10/20/2014
1.190%
$50,000.00
Open a CD Online Today! Member FDIC. 
GE Capital Bank

2 yr CD
1.200%
10/20/2014
1.190%
$500.00
No transaction fees. $500 Minimum Deposit. FDIC Insured. Open Now 
My e-BAnC by BAC Florida Bank

2 yr CD
1.200%
10/20/2014
1.190%
$500.00
Make sure to check our Jumbo Rates at www.bacflorida.com 
Lone Star Bank

2 yr CD
1.180%
10/20/2014
1.170%
$1,000.00
 
Silvergate Bank

2 yr CD
1.160%
10/20/2014
1.150%
$25,000.00
 
VirtualBank

2 yr CD
1.160%
10/20/2014
1.150%
$10,000.00
FDIC Insured 
Barclays

2 yr CD
1.150%
10/20/2014
1.140%
$0.00
No Minimum Balance. No Monthly Maintenance Fees. FDIC Insured. 
Discover Bank

2 yr CD
1.150%
10/20/2014
1.140%
$2,500.00
Rates that consistently beat the competition. Open a CD today! 
The Palladian PrivateBank

2 yr CD
1.100%
10/20/2014
1.100%
$10,000.00
Open an account online today at www.palladianprivatebank.com 
Doral Direct

2 yr CD
1.090%
10/20/2014
1.090%
$500.00
 
Presidential Bank, FSB

2 yr CD
1.100%
10/20/2014
1.090%
$1,000.00
 
TIAA Direct

2 yr CD
1.080%
10/20/2014
1.070%
$1,000.00
TIAA-CREF Trust Company, FSB. Member FDIC 
AloStar Bank of Commerce

2 yr CD
1.050%
10/20/2014
1.040%
$1,000.00
 
E-LOAN

2 yr CD
1.000%
10/20/2014
1.000%
$10,000.00
Easy process. 100% online. No fees. Start earning interest now! 
EH National Bank

2 yr CD
1.000%
10/20/2014
1.000%
$10,000.00
 
TAB Bank

2 yr CD
1.010%
10/20/2014
1.000%
$1,000.00
Member FDIC. Great Rates on Savings. 
giantbank.com

2 yr CD
1.010%
10/20/2014
1.000%
$2,500.00
 
Goldwater Bank

2 yr CD
0.950%
10/20/2014
0.950%
$5,000.00
 
EverBank

2 yr CD
0.900%
10/20/2014
0.900%
$1,500.00
 
USAA

2 yr CD
0.810%
10/20/2014
0.810%
$1,000.00
Competitive rates from USAA. Strong, Stable, FDIC insured. 
Salem Five

2 yr CD
1.250%
10/14/2014
1.240%
$10,000.00
**All deposits FDIC and DIF insured** Apply online/phone today! 

Data Provided by Bankrate.com Rates are accurate and available as of the date seen for Bankrate customers. Identify yourself as a Bankrate consumer to get the Bankrate.com rate. Bankrate.com has today's most competitive deposit rates. Additional details.
If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.




The highest CD rates moved higher again this week as banks and credit unions continue to increase rates.  For 2 year CD rates, we have a new high rate from a credit union at 1.50 percent. This is 24 basis points higher than the previously highest rate. The best 2 year bank CD rate is at 1.26 percent with an APY of 1.27 percent, unchanged from last week’s top rate.

The top 1 year bank rate this week is at 1.11 percent with an APY of 1.12 percent and the top 1 year credit union CD rate is at 1.20 percent with an APY of 1.21 percent. Last week, the top 1 year CD rate was at 1.09 percent. This week we have 1 bank and 1 credit union offering 1 year CD rates higher than 1.09 percent.

Listed below are the best CD rates for short term and long term CD rates for the week of October 15, 2014:

3 Month CD Interest Rates

  • First Internet Bank of Indiana 0.45%
  • AloStar Bank of Commerce 0.40%
  • Goldwater Bank 0.40%
  • VirtualBank 0.40%
  • Barclays Bank 0.35%
  • Discover Bank 0.35%

6 Month CD Interest Rates

  • Doral Direct 0.87% 
  • Chartway Federal Credit Union 0.85%
  • EH National Bank 0.80%
  • Colorado Federal Savings Bank 0.70%
  • First Internet Bank of Indiana 0.70%
  • GE Capital Bank 0.70%
  • My e-BAnC by BAC Florida Bank 0.70%
  • ableBanking, a division of Northeast Bank 0.70%

1 Year CD Interest Rates

  • Pentagon Federal Credit Union 1.20% APY 1.21%
  • CIT Bank 1.11% APY 1.12%
  • Synchrony Bank Optimizer Plus 1.09% APY 1.10%
  • GE Capital Bank 1.09% APY 1.10%
  • Nationwide Bank 1.09% APY 1.10%
  • Colorado Federal Savings Bank 1.09% APY 1.10%
  • ableBanking, a division of Northeast Bank 1.09% APY 1.10%

2 Year CD Interest Rates

  • Chartway Federal Credit Union 1.50% APY 1.50%
  • Nationwide Bank 1.26% APY 1.27%
  • Home Savings Bank 1.26% APY 1.27%
  • ableBanking, a division of Northeast Bank 1.26% APY 1.27%
  • HeritageWest Credit Union 1.25% APY 1.26%
  • CIT Bank 1.24% APY 1.25%
  • Colorado Federal Savings Bank 1.24% APY 1.25%
  • First Internet Bank of Indiana 1.24% APY 1.25%

5 Year CD Interest Rates

  • Chartway Federal Credit Union 2.50% APY 2.52%
  • Synchrony Bank Optimizer Plus  2.27% APY 2.30%
  • Barclays Bank 2.23% APY 2.25%
  • GE Capital Bank 2.23% APY 2.25%
  • Nationwide Bank 2.23% APY 2.25%
  • State Farm Bank 2.23% APY 2.25%
  • EverBank 2.19% APY 2.21%
Author: Brian McKay

We all know CD rates will be moving a lot higher in 2015 because the Federal Open Market Committee will increase the federal fund rate. Some banks and credit unions are jumping ahead of the FOMC by increasing CD rates now. This past month we have seen many banks increase intermediate and long term CD rates in hopes of locking in deposits at current lower rates.

You might be enticed to lock into a 2 year CD at a 1.50 percent CD rate (Chartway FCU’s current 2 year rate) but that would be a mistake. By spring or summer of 2015, 1 year CD rates will be at or above 1.50 percent. Right now the current top 1 year bank CD rate is at 1.20 percent with an APY of 1.21 percent (Pentagon FCU’s current 1 year CD rate).

As you can see the top 1 year rate is only 30 basis points below the top 2 year rate, not much of an incentive to lock into a 2 year CD when rates are moving higher. We are getting closer and closer to the point when the FOMC will increase the fed funds rate, which will send CD rates higher. Therefore shorter term CDs are the best bet right now.

The best CD rates on 6 month certificates of deposit are only marginally below the best 1 year rates. The highest 6 month rate on our rate list is at 1.00 percent with an APY of 1.00 percent. Comparing 6 month, 1 year and 2 year CD rates you can see how flat the rate curve is but that will change in the coming years.

To maximize your return over the next several years you should stay invested in short term or intermediate term CDs. The FOMC hasn’t increased the fed fund rate yet, but when they do this cycle of increases isn’t expected to end until 2017 or 2018. This means we will see 3 to 4 years of higher CD rates.

Projections for the fed funds rate in the coming yearsThis table to the right shows the majority of Fed officials believe the fed funds rate will be at 1.00 in 2015. The fed funds rate at 1.00 percent will send 1 year CD rates towards 2.00 percent. One Fed official believes the fed funds rate will be at 4.50 percent next year, a fed funds rate at that level will send 1 year CD rate above 5.00 percent.

Though it is highly unlikely we will see a 4.50 percent fed funds rate and 1 year CD rates at 5.00 percent in 2015.

A more likely scenario is for the fed funds rate to hit 4.50 percent sometime in 2017 or 2018 depending on economic growth, inflation and employment figures.

Make no mistake interest rates are moving higher in 2015, 2016 and, beyond. Therefore you should position your finances for higher interest rates.

Payoff any loans you have, lock in a low mortgage rate while you can. Stay invested in variable interest rate accounts (savings and money market account) and, short term CDs.

You can search for the highest short term CD rates on the rate tables: Highest CD Rates.

Author: Brian McKay

Banks and credit unions continue to increase intermediate and long term CD rates. Banks wants to lock-in deposits before rates move considerably higher. These financial institutions are competing to offer the best rate, as a result of the competition, we now have four different banks offering the highest 1 year CD rate on our table.

These banks are offering 1 year bank CD rates at 1.09 percent with an APY of 1.10 percent. The four banks offering this rate and yield are Synchrony Bank, GE Capital Bank, ableBanking, a division of Northeast Bank, and Colorado Federal Savings Bank.

The increases in rates haven’t been that large but at least rates are once again moving higher, not lower. The last time we saw higher CD rates across the board, was before the financial crisis and Great Recession, over six years ago. Larger increases, 50 basis points to 100 basis points, will have to wait until the Federal Open Market Committee increases their key increase rate, the federal funds rate.

The best CD rates this week on our 2 year rate table are slightly higher than 1 year rates. The highest 2 year rate this week is at 1.26 percent with an APY of 1.27 percent. The bank offering this 2 year CD rate and yield is AbleBanking. Last month two credit unions held the top 2 year rate at 1.25 percent with an APY of 1.26 percent.

The highest 3 year rate on the tables this week is at 1.44 percent with an APY of 1.45 percent. There are three banks offering this 3 year CD rate and yield, EverBank, State Farm Bank and Nationwide Bank.

The top 5 year CD rate this week is from Synchrony Bank and EverBank at 2.27 percent with an APY of 2.30 percent. You can use our rate lists to find the highest rates available for CD terms of 1 month to 5 years. CD Rates.

 

Author: Brian McKay

Below is a quick rundown of the best certificate of deposit rates available on our rate lists for CD terms of 3 months to 60 months. If you compare the CD rates listed below with previous reports, you see rates are finally moving higher. The increases are small but once or twice a month we see a new high for a specific CD term.

This week a new high was made on our 2 year CD rate list. The increase was only 1 basis point but at least it’s higher and not lower. Overall rates will continue to move slightly higher this year with the biggest increases coming next year when the fed increases the federal funds rate. Bigger increases in CD rates will come when the fed increases the fed funds rate. When this happens, we will see 25 and 50 basis point increases on all CD terms. For now we have to be patient with smaller increases.

Because rates are moving higher in the not-too-distant future, don’t lock into long term certificates of deposit. Staying invested in shorter term CDs will insure you get the best returns when rates move higher in 2015.

Best CD Rates August 21, 2014

  • 3 Month Rate 0.45%
  • 6 Month Rate 1.00%
  • 9 Month Rate 0.91%
  • 1 Year Rate 1.09% APY 1.10%
  • 2 Year Rate 1.25% APY 1.26%
  • 3 Year Rate 1.45% APY 1.46%
  • 5 Year Rate 2.27% APY 2.30%

 

Author: Brian McKay

Geopolitical tensions around the world have you nervous about staying invested in equities? Well they should because investors throughout the world are reducing risk in equities and fleeing to the safety of Treasuries. As investors buy Treasuries, price move higher and yields move lower.

If you’re reducing your risk in equities you should give certificates of deposit another look. None of your principal is at risk when you invest in CDs as long as you stay under the insured FDIC amount of $250,000. Investing in bonds does put your principal at risk if you decide to sell before maturity.

Certificates of deposit are also paying better rates right now over U.S. bond rates. For example, the best 1 year CD rate on the rate list below is currently at 1.09 percent with an APY of 1.10 percent. The current 1 year bond rate is much lower paying only 0.10 percent, less than 1/10 the CD rate.

Below you compare the highest CD rates available with current U.S. Treasury yields.

CD Rates

  • 1 Month 0.15%
  • 3 Month 0.45%
  • 6 Month 1.00%
  • 1 Year 1.10% APY
  • 2 Year 1.25% APY
  • 3 Year 1.46% APY
  • 5 Year 2.30% APY

Bond Yields

  • 1 Month 0.04%
  • 3 Month 0.04%
  • 6 Month 0.06%
  • 1 Year 0.10%
  • 2 Year 0.42%
  • 3 Year 0.87%
  • 5 Year 1.58%

As you can see, the best CD rates available are much higher than their equivalent bond yields. The future looks bright for CD rates as the Federal Reserve is set to increase the fed funds rate sometime in 2015, this will send bank CD rates higher.

Bond yields are also expected to increase in 2015 but remember, bond prices and yields are inversely related. As yields move higher, prices will move lower. Selling those bonds before they mature will cause you to lose some of your principal. Cashing a CD before maturity will only cause you to lose some, or all, of the interest earned, but no principal.

Author: Brian McKay