Best Certificate of Deposit Rates Increase This Week
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