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Weekly Rate Update: Best 1 Year CD Rate at 1.25%
 

Weekly Rate Update: Best 1 Year CD Rate at 1.25%

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Before we give you a rundown on the best CD rates this week, we wanted to share some news on a possible rate hike in September. Atlanta Fed President, Dennis Lockhart, who is a current FOMC voting member, said he is on board for a September hike in the fed funds rate.

In a Wall Street Journal interview he said: "high bar right now to not acting, speaking for myself." Whether or not there is actually a rate hike in September remains to be seen. A lot will depend on economic data that is released over the next month.

A higher fed funds rate will lead to higher CD rates and variable deposit rates. Listed below is the Weekly Rate Update for August 5, 2015.

1 Month Bank Rates

  • Lone Star Bank 0.15% APY

  • Virtual Bank 0.15% APY

  • AloStar Bank of Commerce 0.10% APY

  • E-Loan 0.10% APY


2 Month Bank Rates

  • MyCBB 0.80% APY

  • E-LOAN 0.16% APY

  • Lone Star Bank 0.15% APY

  • Virtual Bank 0.15% APY


3 Month Bank Rates

  • California First National Bank 0.55% APY

  • First Internet Bank of Indiana 0.45% APY

  • AloStar Bank of Commerce 0.40% APY

  • Goldwater Bank 0.40% APY

  • VirtualBank 0.40% APY

  • Discover Bank 0.35% APY

  • EverBank 0.35% APY

  • Nordstrom Bank 0.35% APY


6 Month Bank Rates

  • California First National Bank 0.85% APY

  • My e-BAnC by BAC Florida Bank 0.85% APY

  • AloStar Bank of Commerce 0.80% APY

  • EH National Bank 0.80% APY

  • ableBanking, a division of Northeast Bank 0.80% APY


9 Month Bank Rates

  • NewDominion Bank 0.90% APY

  • AloStar Bank of Commerce 0.80% APY

  • Discover Bank  0.70% APY

  • GE Capital Bank 0.70% APY

  • VirtualBank 0.70% APY

  • giantbank.com 0.70% APY


1 Year Bank Rates

  • Synchrony Bank 1.24% APY 1.25%

  • CIT Bank 1.24% APY 1.25%

  • Sallie Mae Bank 1.24% APY 1.25%

  • E-Loan 1.24% APY 1.25%

  • Bank Direct 1.20% APY 1.21%

  • AloStar Bank of Commerce 1.20% APY 1.21%

  • My e-BAnC by BAC Florida Bank 1.19% APY 1.20%

  • Home Savings Bank 1.19% APY 1.20%

  • Colorado FSB 1.19% APY 1.20%


18 Month Bank Rates

  • Synchrony Bank 1.24% APY 1.25%

  • Nordstorm Bank 1.24% APY 1.25%

  • VirtualBank 1.20% APY 1.21%

  • AloStar Bank of Commerce 1.20% APY 1.21%

  • My e-BAnC by BAC Florida Bank 1.19% APY 1.20%


2 Year Bank Rates

  • E-Loan 1.51% APY 1.52%

  • Silvergate Bank 1.45% APY 1.46%

  • Synchrony Bank 1.44% APY 1.45%

  • AloStar Bank of Commerce 1.39% APY 1.40%

  • CIT Bank 1.39% APY 1.40%


3 Year Bank Rates

  • Silvergate Bank 1.65% APY 1.66%

  • EverBank 1.65% APY 1.66%

  • E-Loan 1.64% APY 1.65%

  • Sallie Mae 1.59% APY 1.60%

  • First Internet Bank of Indiana 1.50% APY 1.51%

  • Synchrony Bank 1.49% APY 1.50%

  • Lone Star Bank 1.49% APY 1.50%

  • AloStar Bank of Commerce 1.48% APY 1.50%


4 Year Bank Rates

  • EverBank 1.89% APY 1.91%

  • Nationwide Bank 1.84% APY 1.86%

  • CIT Bank 1.80% APY 1.82%

  • Virtual Bank 1.77% APY 1.78%

  • First Internet Bank of Indiana 1.75% APY 1.76%

  • Capital One 1.75% APY 1.76%

  • Discover 1.74% APY 1.76%

  • Synchrony Bank 1.73% APY 1.75%


5 Year Bank Rates

  • E-Loan 2.28% APY 2.31%

  • Synchrony Bank 2.23% APY 2.25%

  • Capital One 2.23% APY 2.25%

  • First Internet Bank of Indiana 2.15% APY 2.17%


Get a list of current CD rates by going to RatesORama.com
Author: Brian McKay
August 5th, 2015