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Top CD Rates Move Higher This Week October 15, 2014
 

Top CD Rates Move Higher This Week October 15, 2014

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The highest CD rates moved higher again this week as banks and credit unions continue to increase rates.  For 2 year CD rates, we have a new high rate from a credit union at 1.50 percent. This is 24 basis points higher than the previously highest rate. The best 2 year bank CD rate is at 1.26 percent with an APY of 1.27 percent, unchanged from last week's top rate.

The top 1 year bank rate this week is at 1.11 percent with an APY of 1.12 percent and the top 1 year credit union CD rate is at 1.20 percent with an APY of 1.21 percent. Last week, the top 1 year CD rate was at 1.09 percent. This week we have 1 bank and 1 credit union offering 1 year CD rates higher than 1.09 percent.

Listed below are the best CD rates for short term and long term CD rates for the week of October 15, 2014:

3 Month CD Interest Rates

  • First Internet Bank of Indiana 0.45%

  • AloStar Bank of Commerce 0.40%

  • Goldwater Bank 0.40%

  • VirtualBank 0.40%

  • Barclays Bank 0.35%

  • Discover Bank 0.35%


6 Month CD Interest Rates

  • Doral Direct 0.87% 

  • Chartway Federal Credit Union 0.85%

  • EH National Bank 0.80%

  • Colorado Federal Savings Bank 0.70%

  • First Internet Bank of Indiana 0.70%

  • GE Capital Bank 0.70%

  • My e-BAnC by BAC Florida Bank 0.70%

  • ableBanking, a division of Northeast Bank 0.70%


1 Year CD Interest Rates

  • Pentagon Federal Credit Union 1.20% APY 1.21%

  • CIT Bank 1.11% APY 1.12%

  • Synchrony Bank Optimizer Plus 1.09% APY 1.10%

  • GE Capital Bank 1.09% APY 1.10%

  • Nationwide Bank 1.09% APY 1.10%

  • Colorado Federal Savings Bank 1.09% APY 1.10%

  • ableBanking, a division of Northeast Bank 1.09% APY 1.10%


2 Year CD Interest Rates

  • Chartway Federal Credit Union 1.50% APY 1.50%

  • Nationwide Bank 1.26% APY 1.27%

  • Home Savings Bank 1.26% APY 1.27%

  • ableBanking, a division of Northeast Bank 1.26% APY 1.27%

  • HeritageWest Credit Union 1.25% APY 1.26%

  • CIT Bank 1.24% APY 1.25%

  • Colorado Federal Savings Bank 1.24% APY 1.25%

  • First Internet Bank of Indiana 1.24% APY 1.25%


5 Year CD Interest Rates

  • Chartway Federal Credit Union 2.50% APY 2.52%

  • Synchrony Bank Optimizer Plus  2.27% APY 2.30%

  • Barclays Bank 2.23% APY 2.25%

  • GE Capital Bank 2.23% APY 2.25%

  • Nationwide Bank 2.23% APY 2.25%

  • State Farm Bank 2.23% APY 2.25%

  • EverBank 2.19% APY 2.21%


Author: Brian McKay
October 15th, 2014