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Best 1 Year CD Rates at 1.25% as FOMC Meets to Decide Interest Rates
 

Best 1 Year CD Rates at 1.25% as FOMC Meets to Decide Interest Rates

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The best CD rates on 1 year certificates of deposit remain at 1.25 percent this week. There are four banks tied with the highest 1 year CD rate. Synchrony Bank, CIT Bank, Sallie Mae and E-Loan are all offering the top rate at 1.24 percent with an APY of 1.25 percent.

The Federal Open Market Committee (FOMC) opens their two day meeting later today. Markets are not anticipating the Fed to increase the federal funds rate during this meeting. Any hawkish comments in the FOMC's post-meeting statement could indicate a hike during the upcoming September meeting.

If the Fed hikes interest rates during the September meeting, the increase will be 0.25 percent. A fed funds rate increase of 0.25 percent would send the highest 1 year CD rates towards 1.50 percent. The last time the Fed increase the rate was almost a decade ago back in 2006.

Listed below are the top certificate of deposit rates for July 25, 2015:

1 Month Bank CD 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 CD Rates

  • MyCBB 0.80% APY

  • E-LOAN 0.16% APY

  • Lone Star Bank 0.15% APY

  • Virtual Bank 0.15% APY


3 Month Bank CD 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


6 Month Bank CD 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

  • Silvergate Bank 0.75% APY


9 Month Bank CD 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 CD 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%

  • 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 CD Rates

  • Synchrony Bank 1.24% APY 1.25%

  • E-Loan 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 CD Rates

  • E-Loan 1.51% APY 1.52%

  • Silvergate Bank 1.45% APY 1.46%

  • Synchrony Bank 1.44% APY 1.45%

  • Pentagon Federal Credit Union 1.40% APY 1.41%

  • AloStar Bank of Commerce 1.39% APY 1.40%

  • CIT Bank 1.39% APY 1.40%

  • iGObanking.com 1.34% APY 1.35%


3 Year Bank CD Rates

  • Silvergate Bank 1.65% APY 1.66%

  • E-Loan 1.64% APY 1.65%

  • EverBank 1.64% APY 1.65%

  • 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 CD Rates

  • E-Loan 1.89% APY 1.91%

  • 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%%

  • Capital One 1.75% APY 1.75%

  • Discover 1.74% APY 1.76%

  • Synchrony Bank 1.73% APY 1.75%


5 Year Bank CD Rates

  • EverBank 2.28% APY 2.31%

  • 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%


CD rates change all the time, for a current list of rates on our list visit RatesORama.com
Author: Brian McKay
July 28th, 2015