Best Certificate of Deposit Rates Increase This Week
The best rates on certificates of deposit move higher this week, continuing the trend of higher rates the past month. The increases are small again this week but at least CD rates are moving higher, not lower, as we have seen for the past 6 years.
The highest CD rates on 1 year certificates of deposit are now at 1.16 percent with an APY of 1.17 percent from two different banks, Bank Direct and Congressional Bank. The best 1 year CD rate last week was from Sallie Mae Bank at 1.14 percent with an APY of 1.15 percent. A year ago the best 1 year CD rates were at 1.00 percent and this coming year we will probably see 1 year rates move towards 2.00 percent.
The highest 2 year certificate of deposit rates this week are also from Congressional Bank at 1.54 percent with an APY of 1.55 percent. Last week's best 2 year CD rate was at 1.50 percent with an APY of 1.50 percent. By the end of 2015, the highest 2 year bank CD rates will head towards 3.00 percent.
The highest 3 year CD rate this week is from iGObanking at 1.69 percent with an APY of 1.70 percent. The highest 5 year CD rates this week are at 2.50 percent with an APY of 2.52 percent. Listed below are the top 5 CD rates from banks and credit unions for certificate of deposit terms between 3 months and 5 years.
Top Certificate of Deposit Rates
3 Month Rates
6 Month Rates
9 Month Rates
1 Year Rates
2 Year Rates
3 Year Rates
5 Year Rates
RatesORama.com Average Mortgage Rates