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Quantum National Bank CD ratesQuantum National Bank CD rates are competitive for traditional brick and mortar bank CD rates. Current 9 month CD rates at Quantum National Bank are at 0.40 percent with an APY of 0.40 percent. The minimum opening deposit for a regular CD is $1,000. 1 year jumbo CD rates from Quantum National Bank are a little higher at 0.55 percent with an APY of 0.55 percent. The minimum opening deposit for a jumbo CD is $100,000. Compare Quantum National Bank CD rates with other CD rates at banks below to get the best rate.

Author: Brian McKay
December 14th, 2018

Florida CD Rates - Best FL CD RatesFlorida CD rates are moving higher these days and will continue to increase in 2019. Right now 12 month CD rates in Florida can be found as high as 2.86 from an online bank called VirtualBank. If you’re looking for shorter term CD rates in Florida the best CD rate right now is at 2.40 percent from PenFed. You can always do your own search below to find the best FL CD rates from banks and credit unions.

Author: Brian McKay
December 10th, 2018

Ally Bank CD Rates - Higher Rates This MorningAlly Bank CD rates which were already some of the highest CD rates around were increased again this morning. Current 1 year CD rates at Ally Bank were increased .15 percent and are now at 2.62 percent with an APY of 2.65 percent. 5 year CD rates from Ally Bank were increased 0.05 percent from 3.05 percent to 3.10 percent. See how Ally Bank CD rates compare with other rates today.

Author: Brian McKay
December 6th, 2018

Western State Bank Best CD RatesWestern State Bank best CD rates are currently higher than most CD rates available today. 1 year CD rates at Western State Bank are at 2.50 percent. 3 year CD rates from Western State Bank are even better at 2.75 percent. Both CD accounts have a minimum opening deposit of $10,000. See how Western State Bank best CD rates compare with other online rates below.

Author: Brian McKay
December 3rd, 2018

TIAA Bank CD RatesTIAA Bank CD rates are some of the best CD rates available these days. 1 year CD rates at TIAA Bank are at 2.69 percent with an APY of 2.73 percent. 6 month CD rates from TIAA Bank are at 2.03 percent with an APY of 2.05 percent. Compare TIAA Bank CD rates compare with other bank rates below.

Author: Brian McKay
December 1st, 2018

Sallie Mae CD RatesSallie Mae CD rates right now are some of the best CD rates currently available from any online bank. 1 year CD rates at Sallie Mae are at 2.67 percent with an APY of 2.70 percent. 2 year CD rates from Sallie Mae are even higher at 2.86 percent with an APY of 2.90 percent. If you’re interested in investing in a shorter term CD, 9 month CD rates from Sallie Mae are at 1.83 percent with an APY of 1.85 percent. Compare Sallie Mae CD rates with other online CD rates to get the best rate.

Author: Brian McKay
November 28th, 2018

Zions Direct CD rates are some of the highest CD rates available right now. 12 month CD rates at Zions Direct are currently at 2.27 percent with an APY of 2.30 percent. Other CD rates at Zions Direct are not as good because that 12 month CD rate is a limited special deal. 60 month CD rates from Zions Direct are at 1.90 percent with an APY of 1.92 percent. Compare Zions Direct CD rate with other bank CD rates to find the best rates.

Author: Brian McKay
November 27th, 2018

EverBank CD rates were recently increased and are very competitive. In addition to listing the new CD rates we are also writing a review of EverBank’s CD products. EverBank is headquartered in Jacksonville, Florida, and has physical locations and not just an online presence. Everbank is part of EverBank Financial Group which was acquired last June by TIAA.

In addition to banking, Everbank Financial Group also has other divisions offering a wide variety of financial services. Everbank offers commercial finance, provides financing to mortgage originators, wealth management and other financial services. 

EverBank CD RatesEverBank offers several different deposit products including savings accounts, checking accounts, and certificates of deposit. Bank CD rates and all other deposit rates are moving higher these days because the Fed is increasing the fed funds rate. The bank’s certificates of deposit include several different types and terms which are discussed in more in detail below. 

EverBank Online Banking and Banking App

The bank’s online banking services are robust and secure, providing customers with many tools for banking. Customers can bank online using the company’s website and their mobile banking app. 

The bank’s customers can easily transfer funds between internal accounts and external linked accounts. In addition, customers can also pay bills online and monitor all types of account activity. Frankly, these days there is no need to ever visit a bank branch to do any kind of banking.

Everbank Certificate of Deposits

The bank offers many different types of certificates of deposit including their Yield Pledge CDs, Bump Rate CDs, LIBOR Index CD and CDARS Service CDs. Of course the rate on these types of CDs are not as much as regular CD rates because you’re also paying for a service. Each CD product is listed below.

EverBank Yield Pledge CDs

  • No monthly account fee
  • 20-day maturity alert
  • Automatic rollover
  • IRA eligible
  • $5,000 to open
  • Many different CD terms to choose from
  • Top 5% yields at account opening and rollover. The CD yield will be in the top 5% of Competitive Accounts based on Bankrate Monitor National Index survey data from that week.

EverBank Bump Rate CDs

  • Optional 1-time rate bump. The Bump Rate CD features a Rate Increase Option that allows you to increase your interest rate and Annual Percentage Yield (APY) one time during the term if CD rates increase during the CD term. 
  • May only hold one Bump Rate CD at a time
  • Automatic rollover
  • IRA eligible
  • Many different CD terms to choose from
  • $1,500 to open ($250K maximum)

LIBOR Index CDs

The bank’s traditional CDs have a fixed rate for the entire CD term. The bank’s LIBOR Index CD returns have a variable rate because the CD product is directly tied to the performance of the 3-month London Interbank Offered Rate (LIBOR). The LIBOR Index CD is tied to the 3-month LIBOR rate, as it moves, so too does the rate on your CD. Since we are in a rising interest rate environment, you get the benefit of earning more. 

CDARS Service CDs

The bank’s CDARS Service CDs uses the CDARS network of banks. As part of the CDARS network of banks, EverBank will distribute your funds into CDs at other banks in the network. This network allows you to have FDIC insurance beyond the $250,000 maximum. You can read more about the CDARS Service at: How CDARS Works.

EverBank CD Rates

Listed below are a recent slew of EverBank CD rates and the recent rate changes. As you can see, all the CD rate changes were higher. 

CD Product Rate (new / old) Yield (new / old)
2 yr CD 2.24 / 2.09 2.27 / 2.11
2.5 yr CD 2.27 / 2.13 2.3 / 2.15
3 yr CD 2.37 / 2.27 2.4 / 2.3
5 yr CD 2.62 / 2.52 2.65 / 2.55
2.5 yr jumbo CD 2.27 / 2.13 2.3 / 2.15
5 yr jumbo CD 2.62 / 2.52 2.65 / 2.55
18 month CD 2.1 / 2.04 2.12 / 2.06
2 yr jumbo CD 2.24 / 2.09 2.27 / 2.11
18 month jumbo CD 2.1 / 2.04 2.12 / 2.06
3 yr jumbo CD 2.37 / 2.27 2.4 / 2.3
4 yr CD 2.47 / 2.32 2.5 / 2.35
4 yr jumbo CD 2.47 / 2.32 2.5 / 2.35

 You can compare EverBank CD rates with other bank and credit union CD rates by searching our rate lists at CDRates.RatesoRama.com.

Author: Brian McKay
February 23rd, 2018

CD rates inched slowly higher again, continuing the uptrend of the past year and a half. Short term CD rates increased even though the Federal Reserve didn’t increase interest rates during their meeting last week. With the recent increase in rates, the top 1 year CD rate on our list hit a new high for 2017

The outlook for short term rates continues to be good in 2017 because the Fed is expected to increase interest rates once more this year. The Fed is likely to increase the fed funds rate 0.25 percent during the December meeting, which will put more upward pressure on shorter term CD rates.

Right now, the top 1 year rate on our rate list is at 1.61 percent and a yield of 1.62 percent. Two banks are currently offering that rate and yield, EverBank and My e-BAnC by BAC Florida Bank. The top 2 year CD rate on our list is now at 1.85 percent, currently offered by Popular Direct and Congressional Bank.

You can see the top short term and long term CD rates listed below.

Current Top CD Rates by CD Term

  • 3 Month – 1.00% at First Internet Bank of Indiana and Luana Savings Bank
  • 6 Month – 1.36% at VirtualBank
  • 9 Month – 1.37% at VirtualBank
  • 12 Month – 1.62% at EverBank and My e-BAnC by BAC Florida Bank
  • 18 Month – 1.68% at My e-BAnC by BAC Florida Bank
  • 24 Month – 1.85% at Popular Direct and Congressional Bank
  • 30 Month – 1.65% at Everbank
  • 36 Month – 2.05% at Popular Direct
  • 48 Month – 2.16% at M.Y. Safra Bank, FSB
  • 60 Month – 2.40% Goldman Sachs Bank and Popular Direct

You can also browse though our CD rate lists to find the top CD rates.

Author: Brian McKay
September 25th, 2017

There has been a slew of deposit rate increases on our rate lists since the Fed increased the fed funds rate. The Fed increased the rate June 14 and as a result, six banks have increased rates on 24 deposit products.

The largest CD rate increase was on Sallie Mae’s 36 month regular and jumbo CD accounts. Sallie Mae’s 3 year CD rates were increased 30 basis points from 1.60 percent to 1.90 percent. The largest variable deposit rate increase was on Heritage Bank’s MMA account, which was increased 19 basis points from 1.01 percent to 1.20 percent.

The trend for higher interest rates will continue in 2017 because the Fed is expected to increase the fed funds rate once more this year. The Fed said they would increase their rates 3 times in 2017 and they’ve already had two increases. Since the beginning of 2017, many banks and credit unions have increased their CD rates. We’ve seen the best 1 year CD rates on our rate table move from around 1.25 percent to around 1.50 percent and 6 month CD rates increased from 0.90 percent to 1.15 percent.

Top Short Term CD Rates

3 Month CD Rates

  • TAB Bank 0.95%
  • First Internet Bank of Indiana 0.90%
  • Goldwater Bank 0.86%

6 Month CD Rates

  • First Internet Bank of Indiana 1.16%
  • VirtualBank 1.11%
  • TAB Bank 1.06%

9 Month CD Rates

  • CDBank.com 1.20%
  • TAB Bank 1.16%
  • VirtualBank 1.16%

12 Month CD Rates

You can search for and compare CD rates from banks and credit unions by searching our rate lists at CDRates.RatesoRama.com.

Author: Brian McKay
June 29th, 2017