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5 Banks Increase CD Rates This Past Week, All Rate Changes Higher
 

5 Banks Increase CD Rates This Past Week, All Rate Changes Higher

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Last week the Federal Open Market Committee (FOMC) met and increased the fed funds rate by 0.25 percent. This is good news for savers since there is a direct correlation between the fed funds rate and CD rates.

4 of the 5 banks increased their CD rates after the Fed increased the fed funds rate. In fact, of the 30 CD products that rates were changed, all 30 of the changes were higher.

You can see a complete list of the CD rate changes below. You can also compare these CD rates with other bank and credit union CD rates by using our rate tables at CDRates.RatesORama.com.

 

Bank

ProductRate (new / old)Yield (new / old)
Luana Savings Bank6 month CD0.55 / 0.50.55 / 0.5
Luana Savings Bank1 yr CD0.75 / 0.70.75 / 0.7
Luana Savings Bank2 yr CD1.05 / 11.05 / 1
Luana Savings Bank2.5 yr CD1.2 / 1.151.2 / 1.15
Luana Savings Bank3 yr CD1.35 / 1.251.35 / 1.25
Luana Savings Bank5 yr CD1.55 / 1.451.56 / 1.46
Luana Savings Bank6 month jumbo CD0.7 / 0.650.7 / 0.65
Luana Savings Bank1 yr jumbo CD0.9 / 0.850.9 / 0.85
Luana Savings Bank2.5 yr jumbo CD1.35 / 1.31.35 / 1.3
Luana Savings Bank5 yr jumbo CD1.7 / 1.61.71 / 1.61
Luana Savings Bank6 month $25K CD0.6 / 0.550.65 / 0.55
Luana Savings Bank6 month $50K CD0.65 / 0.60.65 / 0.6
Luana Savings Bank18 month IRA CD0.95 / 0.90.95 / 0.9
Luana Savings Bank18 month CD0.95 / 0.90.95 / 0.9
Luana Savings Bank2 yr jumbo CD1.2 / 1.151.2 / 1.15
Luana Savings Bank18 month jumbo CD1.1 / 1.051.1 / 1.05
Luana Savings Bank3 yr jumbo CD1.5 / 1.41.51 / 1.41
Luana Savings Bank4 yr CD1.45 / 1.351.46 / 1.36
Luana Savings Bank4 yr jumbo CD1.6 / 1.51.61 / 1.51
EverBank3 month CD0.85 / 0.740.85 / 0.74
EverBank1 yr CD1.27 / 1.231.28 / 1.24
EverBank3 month jumbo CD0.85 / 0.740.85 / 0.74
EverBank1 yr jumbo CD1.27 / 1.231.28 / 1.24
Nationwide Bank2 yr CD1.44 / 1.191.45 / 1.2
Nationwide Bank2 yr jumbo CD1.49 / 1.241.5 / 1.25
Third Federal Savings and Loan5 yr CD1.98 / 1.782 / 1.8
Third Federal Savings and Loan5 yr jumbo CD1.98 / 1.782 / 1.8
Astoria Bank2.5 yr CD1.34 / 1.241.35 / 1.25
Astoria Bank3 yr CD1.49 / 1.341.5 / 1.35
Astoria Bank18 month CD1.04 / 0.851.05 / 0.85

Author: Brian McKay
January 1st, 2017