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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
ableBanking, a division of Northeast Bank

2 yr CD
0.700%
02/25/2015
0.700%
$1,000.00
$25 New Customer Gift to give to charity (501c3). FDIC insured. 
My e-BAnC by BAC Florida Bank

2 yr CD
1.310%
03/04/2015
1.300%
$500.00
Make sure to check our Jumbo Rates at www.bacflorida.com 
GE Capital Bank

2 yr CD
1.300%
03/04/2015
1.290%
$500.00
No transaction fees. $500 Minimum Deposit. FDIC Insured. Open Now 
Home Savings Bank

2 yr CD
1.300%
03/04/2015
1.290%
$10,000.00
 
Ally Bank

2 yr CD
1.290%
03/04/2015
1.280%
$0.00
If Our Rate on this CD Goes Up Yours Can Too. Learn More Now. 
First Internet Bank of Indiana

2 yr CD
1.250%
03/04/2015
1.250%
$1,000.00
 
AloStar Bank of Commerce

2 yr CD
1.250%
03/04/2015
1.240%
$1,000.00
 
California First National Bank

2 yr CD
1.250%
03/04/2015
1.240%
$5,000.00
 
Colorado Federal Savings Bank

2 yr CD
1.250%
03/04/2015
1.240%
$5,000.00
 
Chartway Federal Credit Union

2 yr CD
1.210%
03/04/2015
1.200%
$10,000.00
Visit us online at chartway.com/webcert to learn more today! 
Lone Star Bank

2 yr CD
1.180%
03/04/2015
1.170%
$1,000.00
 
Pentagon Federal Credit Union

2 yr CD
1.160%
03/04/2015
1.150%
$1,000.00
 
Silvergate Bank

2 yr CD
1.160%
03/04/2015
1.150%
$25,000.00
 
Barclays

2 yr CD
1.150%
03/04/2015
1.140%
$0.00
No Minimum Balance. No Monthly Maintenance Fees. FDIC Insured. 
Discover Bank

2 yr CD
1.150%
03/04/2015
1.140%
$2,500.00
Rates that consistently beat the competition. Open a CD today! 
EverBank

2 yr CD
1.120%
03/04/2015
1.110%
$1,500.00
 
giantbank.com

2 yr CD
1.110%
03/04/2015
1.100%
$2,500.00
 
Congressional Bank

2 yr CD
1.100%
03/04/2015
1.090%
$50,000.00
Open a CD Online Today! Member FDIC. 
Goldwater Bank

2 yr CD
1.090%
03/04/2015
1.090%
$5,000.00
 
Presidential Bank, FSB

2 yr CD
1.100%
03/04/2015
1.090%
$1,000.00
 
TIAA Direct

2 yr CD
1.080%
03/04/2015
1.070%
$1,000.00
TIAA-CREF Trust Company, FSB. Member FDIC 
EH National Bank

2 yr CD
1.060%
03/04/2015
1.050%
$10,000.00
 
E-LOAN

2 yr CD
1.000%
03/04/2015
1.000%
$10,000.00
Easy process. 100% online. No fees. Start earning interest now! 
Live Oak Bank

2 yr CD
1.000%
03/04/2015
1.000%
$25,000.00
 
TAB Bank

2 yr CD
1.010%
03/04/2015
1.000%
$1,000.00
Member FDIC. Great Rates on Savings. 
USAA

2 yr CD
0.810%
03/04/2015
0.810%
$1,000.00
Competitive rates from USAA. Strong, Stable, FDIC insured. 
Bank of Internet USA

2 yr CD
0.700%
03/04/2015
0.700%
$1,000.00
FDIC Insured Nationwide Banking 
NewDominion Bank

2 yr CD
0.650%
03/04/2015
0.640%
$1,000.00
Achieve Rapid Growth Results w/Our Rates! Open Online-Member FDIC 
5 Star Bank

2 yr CD
0.600%
03/04/2015
0.600%
$1,000.00
 
Bangor Savings Bank

2 yr CD
0.500%
03/04/2015
0.500%
$500.00
 
Fidelity Bk of FL, N.A

2 yr CD
0.500%
03/04/2015
0.500%
$5,000.00
 
VirtualBank

2 yr CD
1.260%
03/03/2015
1.250%
$10,000.00
FDIC Insured 

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.
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The list of banks and credit unions offering 1 year certificate of deposit rates at or above 1.00 percent continues to grow. Just over a month ago, there were 16 financial institutions offering 1 year rates that high, this month the list has grown to 21.

Not only are more banks and credit unions offering higher rates but the best 1 year CD rates available have also increased. Back in November 2014, the highest 1 year rates were at 1.14 percent with an APY of 1.15 percent. This month there are three banks offering 1 year rates above 1.15 percent APY.

Bank Direct is offering 1 year rates at 1.20 percent with an APY of 1.21 percent. CIT Bank and Synchrony Bank are both offering 1 year rates at 1.19 percent with an APY of 1.20 percent.

This month there are also two credit unions offering 1 year certificate rates at new highs. Chartway Federal Credit Union is offering 1 year rates at 1.30 percent with an APY of 1.31 percent. Connexus Credit Union is offering 1 year rates at 1.30 percent with an APY of 1.31 percent. As will all credit unions you will have to join either of these credit unions to open a certificate account.

If these rates are starting to entice you, just wait until the Federal Open Market Committee increases the fed funds rate. Bank CD rates and other deposit rates are tied to the fed funds rate, when the FOMC increases the rate, deposit rates move also higher. This is expected to happen in the next few months.

By the end of 2015, we could see 1 year CD rates at banks just above 2.00 percent. The last time 1 year rates were that high was at least 5 years ago, just after the financial crisis and Great Recession. Until CD rates move higher you can view the top 1 year rates available below.

1 Year Certificate of Deposit Rates

  • Chartway Federal Credit Union 1.30% APY 1.31%
  • Connexus Credit Union  1.30 APY 1.30%
  • BankDirect 1.20% APY 1.21%
  • CIT Bank 1.19% APY 1.20%
  • Synchrony Bank 1.19% APY 1.20%
  • My e-BAnC by BAC Florida Bank 1.17% APY 1.18%
  • VirtualBank  1.15% APY 1.16%
  • Sallie Mae  1.14% APY 1.15%
  • Midwest Regional Bank 1.11% APY 1.11%
  • AloStar Bank of Commerce  1.09% APY 1.10%
  • Colorado Federal Savings Bank 1.09% APY 1.10%
  • GE Capital Bank  1.09% APY 1.10%
  • Silvergate Bank 1.07% APY 1.08%
  • California First National Bank  1.05% APY 1.06%
  • giantbank.com  1.05% APY 1.06%
  • Ally Bank 1.04% APY 1.05%
  • TIAA Direct  1.00% APY 1.01%
  • Discover Bank 1.00% APY 1.00%
  • First Internet Bank of Indiana  1.00% APY 1.00%
  • Home Savings Bank  1.00% APY 1.00%
  • Pentagon Federal Credit Union  1.00% APY 1.00%

 

Author: Brian McKay

Listed below are the FDIC’s average CD rates this week and the best CD rates available for terms of 3 months to 5 years.

FDIC National Average CD Rates

  • 1 month CD Rate 0.06%
  • 3 month CD Rate 0.08%
  • 6 month CD Rate 0.12%
  • 12 month CD Rate 0.20%
  • 24 month CD Rate 0.34%
  • 36 month CD Rate 0.47%
  • 48 month CD Rate 0.60%
  • 60 month CD Rate 0.79%

3 Month CD Rates

  1. California First National Bank CD Rate 0.60%
  2. First Internet Bank of Indiana CD Rate 0.45%
  3. AloStar Bank of Commerce CD Rate 0.40% (tied)
  4. Goldwater Bank CD Rate 0.40% (tied)
  5. VirtualBank CD Rate 0.40% (tied)

6 Month Rates

  1. Zions Direct 1.00%
  2. California First National Bank CD Rate 0.85%
  3. Chartway Federal Credit Union Certificate Rate 0.85%
  4. Doral Direct CD Rate 0.82%
  5. My e-BAnC by BAC Florida Bank CD Rate 0.80%
  6. EH National Bank  CD Rate 0.80%

1 Year CD Rates and APY

  1. Connexus Credit Union Certficate Rate 1.30% APY 1.30%
  2. Chartway Federal Credit Union Certificate Rate 1.20% APY 1.21% (tied)
  3. Bank Direct CD Rate 1.20% APY 1.21% (tied)
  4. CIT Bank CD Rate 1.19% APY 1.20% (tied)
  5. Synchrony Bank CD Rate 1.19% APY 1.20% (tied)
  6. My e-BAnC by BAC Florida Bank CD Rate 1.17% APY 1.18%

2 Year CD Rates and APY

  1. CIT Bank CD Rate 1.34% APY 1.35% (tied)
  2. Synchrony Bank CD Rate 1.34% APY 1.35% (tied)
  3. My e-BAnC by BAC Florida Bank CD Rate 1.30% APY 1.31%
  4. Home Savings Bank CD Rate 1.29% APY 1.30% (tied)
  5. GE Capital Bank CD Rate 1.29% APY 1.30% (tied)
  6. Ally Bank CD Rate 1.28% APY 1.29%

3 Year Rates and APY

  1. Synchrony Bank CD Rate 1.49% APY 1.50%
  2. EverBank CD Rate 1.49% APY 1.50%
  3. Barclays Bank CD Rate 1.44% APY 1.45% (tied)
  4. Discover Bank CD Rate 1.44% APY 1.45% (tied)
  5. Sallie Mae Bank CD Rate 1.44% APY 1.45% (tied)
  6. First Internet Bank of Indiana CD Rate 1.44% APT 1.45% (tied)
  7. GE Capital Bank CD Rate 1.44% APY 1.45% (tied)

4 Year Rates and APY

  1. CIT Bank CD Rate 1.88% APY 1.90% (tied)
  2. Nationwide Bank CD Rate 1.88% APY 1.90% (tied)
  3. EverBank CD Rate 1.86% APY 1.88%
  4. Barclays Bank CD Rate 1.83% APY 1.85%
  5. Virtual Bank CD Rate 1.77% APY 1.78%
  6. Synchrony Bank CD Rate 1.73% APY 1.75%

5 Year Rates and APY

  1. Synchrony Bank CD Rate 2.23% APY 2.25% (tied)
  2. Barclays Bank CD Rate 2.23% APY 2.25% (tied)
  3. GE Capital Bank CD Rate 2.23% APY 2.25% (tied)
  4. Nationwide Bank CD Rate 2.13% APY 2.15%

Certificate of Deposit Rates:

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

RatesORama.com has a List of the Best CD rates Available

 

 

Author: Brian McKay

Certificate of deposit rates continue to move higher this year. The increase in rates are small but will accelerate later in 2015 once the Federal Open Market Committee increases the federal funds rate.

This week we have a new high 1 year CD rate from Synchrony Bank. The bank recently increased their 1 year CD rate from 1.14 percent with an APY of 1.15 percent to 1.19 percent with an APY of 1.20 percent. The highest 1 year CD rate from a credit union remains at 1.30 percent with an APY of 1.30 percent from Connexus Credit Union.

Synchrony Bank also increased their 2 year CD rates to 1.34 percent with an APY of 1.35 percent. Synchrony is now tied with CIT Bank for the best 2 year rate on our list. The best 2 year rate from a credit union is at 1.20 percent with an APY of 1.21 percent from Heritage West Credit Union. Listed below are the best certificate of deposit rates for February 5, 2015.

Best CD Rates 2/5/15

6 Month Rates

  • California First National Bank 1.00% APY
  • Zions Direct 1.00% APY
  • Doral Direct 0.82% APY
  • Chartway Federal Credit Union 0.80% APY
  • HeritageWest Credit Union 0.80% APY
  • My e-BAnC by BAC Florida Bank 0.80% APY

1 Year Rates

  • Connexus Credit Union 1.30% APY 1.30%
  • Synchrony Bank 1.19% APY 1.20%
  • My e-BAnC by BAC Florida Bank 1.17% APY 1.18%
  • Chartway Federal Credit Union 1.15% APY 1.15%
  • HeritageWest Credit Union  1.15% APY 1.15%
  • CIT Bank 1.14% APY 1.15%

2 Year Rates

  • CIT Bank 1.34% APY 1.35%
  • Synchrony Bank 1.34% APY 1.35%
  • My e-BAnC by BAC Florida Bank 1.30% APY 1.31%
  • California First National Bank 1.29% APY 1.30%
  • GE Capital Bank 1.29% APY 1.30%
  • Home Savings Bank 1.29% APY 1.30%
  • Ally Bank 1.28% APY 1.29%

3 Year Rates

  • Synchrony Bank 1.49% APY 1.50%
  • Barclays Bank 1.44% APY 1.45%
  • Discover Bank 1.44% APY 1.45%
  • First Internet Bank of Indiana 1.44% APY 1.45%
  • GE Capital Bank 1.44% APY 1.45%
  • Sallie Mae Bank 1.44% APY 1.45%

4 Year Rates

  • Nationwide Bank 1.93% APY 1.95%
  • CIT Bank 1.88% APY 1.90%
  • Barclays Bank 1.83% APY 1.85%
  • VirtualBank 1.77% APY 1.78%
  • Synchrony Bank 1.73% APY 1.75%
  • Discover Bank 1.73% APY 1.75%
  • GE Capital Bank 1.73% APY 1.75%

5 Year Rates

  • Synchrony Bank 2.23% APY 2.5%
  • Barclays Bank 2.23% APY 2.25%
  • GE Capital Bank 2.23% APY 2.25%
  • Nationwide Bank 2.23% APY 2.25%
  • Discover Bank 2.08% APY 2.10%
  • First Internet Bank 2.08% APY 2.10%
Author: Brian McKay

2015 will finally bring higher certificate of deposit rates after many years of low rates. A few financial institutions have already increased their CD rates in 2014 but the majority of increases will happen this year. Once the Federal Reserve increases the federal funds rate, banks and credit unions will increase deposit rates.

The Federal Reserve is expected to increase the fed funds rate sometime in the first two quarters of 2015. The current fed funds rate has been in a range of zero to one quarter percent since December of 2008. Higher interest rates are coming but the increases won’t be that large.

The first increase in the fed funds rate is expected to be a 25 basis point increase. The last time the fed funds rate was increase was in June 2006 when the rate was increased from 6.00 percent to 6.25 percent. Back in 2015, you could find 1 year bank CD rates above 6.00 percent. We’ll be lucky if we see rates that high by 2020.

By the end of 2015, the fed funds rate is likely to be around 1.00 percent. The fed funds rate near 1.00 percent will send 1 year CD rates towards 2.00 percent. The last time 1 year rates were around 2.00 percent was over 6 years ago. Variable interest rate accounts such as savings and money market accounts will also move towards 2.00 percent.

Looking at current interest rates, the best 1 year CD rate on the rate list is at 1.16 percent with an APY of 1.17 percent. The best savings rate is at 1.04 percent with an APY of 1.05 percent. The best money market rates are at 1.01 percent APY.

Author: Brian McKay

Certificate of deposit rates ended 2014 on a positive note as banks began increasing CD rates ahead of the expected federal funds rate increases in next year. The increases were small and the number of banks increasing rates were also small but 2015 is shaping up to be a better year for rates.

2014 also marks the first year since 2006 that average CD interest rates moved higher and not lower. Bank rates remained low for so long because the Federal Reserve has kept the fed funds rate near zero percent since December of 2008. The last time the federal funds rate was actually increased was back in June 2006, when the rate was increased 25 basis points to 5.25 percent.

Back in June 2006, you could easily find 1 year CD rates above 5.00 percent. Currently, the best 1 year CD rates available are just above 1.00 percent and most banks still offer 1 year rates below 1.00 percent. Rates at current levels are actually an improvement from preceding years.

The longer term outlook for deposit rates is also higher as the Federal Reserve is expected to increase interest rates for the next several years. The last cycle of increases started in November 2003 when the fed funds rate was at 1.00 percent and ended up at 5.25 percent in June 2006. We can expect this cycle of increases to last as long and possibly take the fed funds rate towards 5.00 percent by the end of 2017.

The fed funds rate near 5.00 percent in 2017 would send 1 year CD rates above 5.00 percent for the first time in a decade. Variable interest rate accounts such as savings accounts and money market accounts would also garner yields above 5.00 percent. Less rosy forecasts have the fed funds rate around 3.50 percent by the end of 2017, which would send 1 year rates and variable deposit rates above 4.00 percent.

These forecasts are based on the presumption that the U.S. economy will to expand, a strong jobs market will continue and that there will be an increase in the inflation rate. There are many factors that could derail these forecasts, especially if an international economic slowdown drags the U.S. economy down with it. Growth in China is slowing, the Japanese economy slipped into recession again and growth in Europe is slipping.

Author: Brian McKay