web statistics
This Week’s Best CD Rates January 2, 2014
 

This Week’s Best CD Rates January 2, 2014

RSS
Follow by Email
Facebook
Google+
Twitter
Until last month, we all expected the Fed to increase the fed funds rate when the unemployment rate fell below 6.5 percent. Right after last month's Fed meeting, they released a statement saying the 6.5 percent level shouldn't be a threshold that will trigger a higher fed funds rate.

The Fed also released a forecast showing a majority of Fed Committee Members don't expect an increase in the fed funds rate until 2015. This means we won't see higher CD rates, savings rates, and money market rates until sometime in 2015. Below are lists of the best CD rates available right now with terms ranging from 3 months to 5 years.

Best CD Rates This Week January 2, 2014


3 Month CD Rates

  1. Discover Bank 0.35%

  2. EverBank 0.35%

  3. First Internet Bank of Indiana 0.35%

  4. USAA 0.30%

  5. E-Loan 0.25%


6 Month CD Rates

  1. Doral Direct 0.87%

  2. Colorado FSB 0.70%

  3. My e-BAnC by BAC Florida Bank 0.70%

  4. giantbank.com 0.70%

  5. Discover Bank 0.65%


9 Month CD Rates

  1. Doral Direct 0.91%

  2. giantbank.com 0.80%

  3. Discover Bank 0.70%

  4. USAA 0.66%

  5. Ally Bank 0.64%


1 Year CD Rates

  1. GE Capital Retail Bank Optimizer Plus 1.04% APY 1.05%

  2. My e-BAnC by BAC Florida Bank 1.00% APY 1.01%

  3. Colorado Federal Savings Bank 1.00% APY 1.00%

  4. The Palladian PrivateBank 1.00% APY 1.00%

  5. Discover Bank 0.95%


2 Year CD Rates

  1. Pentagon Federal Credit Union 1.40% APY 1.41%

  2. CIT Bank 1.19% APY 1.20%

  3. GE Capital Retail Bank Optimizer Plus 1.14% APY 1.15%

  4. My e-BAnC by BAC Florida Bank 1.10% APY 1.11%

  5. The Palladian PrivateBank 1.10% APY 1.10%


3 Year CD Rates

  1. Pentagon Federal Credit Union 2.00% APY 2.02%

  2. Intervest National Bank 1.44% APY 1.45%

  3. AloStar Bank of Commerce 1.34% APY 1.35%

  4. Salem Five 1.29% APY 1.30%

  5. GE Capital Retail Bank Optimizer Plus 1.29% APY 1.30%


5 Year CD Rates

  1. Pentagon Federal Credit Union 3.00% APY 3.04%

  2. EverBank 2.14% APY 2.15%

  3. iGObanking.com 2.13% APY 2.15%

  4. Barclays Bank 1.98% APY 2.00%

  5. GE Capital Retail Bank Optimizer Plus 1.98% APY 2.00%


Author: Brian McKay
January 2nd, 2014