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Top Nationally Available 12-Month CDs Now Pay 1.30%

Looks like it’s Country Bank’s turn to bow out of the spotlight and drop the national 12-month lead back to familiar, but unwelcome, territory.

The Massachusetts bank that began offering its CDs nationwide last year commanded top billing in early March with its 1-year yield of 1.36% APY.

This morning it lowered that rate to 0.60% APY, in turn dropping the 12-month lead on our CD Rates Leaderboard of nationally available bank offers to the next-best 1.30% APY.

The new top rate is familiar because, although we’ve seen the 1-year lead elevated to 1.35% or 1.36% four times in the last 13 months, it keeps sinking back to 1.30% APY.

Since that’s also where it stood before the Federal Reserve raised rates in December, I guess that means we’re back to a pre-Fed square one in this term. Click here to read more

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Louisiana Savers: Earn A Sweet 1.15% On 6-Month CDs From Investar Bank

Investar Bank is offering a sweetheart of a short-term CD deal to residents throughout the Bayou State.

Paying 1.15% APY on 6 months, Investar’s promotion requires a $1,000 minimum investment.

The best you can do with a nationally available offer from the banks on our CD Rates Leaderboard is 1.05% APY for 6-month certificates, so Investar’s certificate is worth considering for Louisiana savers.

Of course, new offers can pop up at any time, so it’s always prudent to check Bankrate’s extensive database of the day’s best CD rates to make sure you’re locking in the very best deal possible. Click here to read more

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Take Home 2.30% On 5-Year CDs From Cyprus CU In Utah

Cyprus credit union

Savers throughout Utah can beat the top national 5-year CD yield — while keeping a rate-bump option in their back pocket — with Cyprus Credit Union.

Based in suburban Salt Lake City, Cyprus is paying 2.30% APY on 60-month certificates with a $1,000 minimum investment. The early withdrawal penalty is a reasonable 180 days’ interest.

It’s enough to beat the top nationally available 5-year yield from the banks on our CD Rates Leaderboard, which stands at 2.27% APY and requires at least a $2,500 deposit.

Cyprus’ offer also includes the option to bump your rate once during the term, which could come in handy if we see several interest rate hikes from the Federal Reserve over the next few years.

A search through Bankrate’s extensive database of the day’s best CD rates — always smart before committing to any certificate of deposit — will likely confirm that 2.30% APY is hard to beat for 5-year returns these days. Click here to read more

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HOT National Deal: INOVA FCU Offers 1.90% On 91-Day CDs

With the Federal Reserve possibly weeks away from a rate hike, ultra-short CDs paying a decent return are an attractive option.

And virtually none will be more attractive than the promotion unveiled this week by INOVA Federal Credit Union.

The Indiana-based credit union is paying up to 1.90% APY on 3-month certificates of deposit, but it’s not just for Hoosiers. Savers anywhere in the country can snag this offer.

INOVA’s yield is more than double the 0.83% APY you can earn with the top nationally available 3-month offer from the banks on our CD Rates Leaderboard.

In fact, it outdoes the top national bank rate in every Leaderboard term up to 36 months, where even at that length you can only earn up to 1.75% APY. Click here to read more

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36-Month CD Rates Roundup: Earn 1.75% Nationally, 2.33% Locally

In the five months since the Federal Reserve raised interest rates, banks have doled out more disappointment than good news for CD savers.

But could it be we’re finally turning a corner?

I offer that possibility because, of the seven major terms of nationally available bank certificates we track on our CD Rates Leaderboard, a solid majority is finally paying more now than before the December rate hike.

Four terms have a higher Leaderboard yield today, while one is steady at its pre-hike level.

That leaves two terms for which we’re still awaiting improvement: 3- and 5-year certificates.

We provided a status update on 5-year CDs three weeks ago, and not much has changed there.

For the 3-year lead, it’s been a story of a deep dip since December but with signs of climbing back out more recently.

Still, the top national rate today is lower than in December, meaning the case is as strong as ever for capitalizing on chart-topping rates from the country’s best-paying credit unions and community banks.

Some of those pay more than a half of a percentage point above the national bank leaders, and we can show you exactly what’s currently available.

As for what will finally move banks toward an improvement in the 3-year national lead, could the Fed’s June meeting offer a boost? No one can predict, but we’ll tell you what you should know. Click here to read more

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24-Month CD Rates Hit A 5-Year High

It seems E-Loan’s interested in making headlines again.

For the first time in essentially five years, savers can earn more than 1.55% APY on a 24-month national bank CD, thanks to E-Loan’s rate boost today to 1.60% APY.

We’re just 2-3 weeks shy of the day in June 2011 when the top nationally available 2-year bank yield on our CD Rates Leaderboard dropped from 1.66% to 1.55% APY, and left us with a rate ceiling that’s been tough to break through.

In the five years since, a few banks have managed to match 1.55% APY. And one — Live Oak Bank — even surpassed it with a 1.75% APY offer. But that February 2013 promotion lasted a mere 12 days.

For all of April, 1.55% APY was possible, from iGObanking and AloStar Bank of Commerce. But by May, both of those rates had been lowered, dropping us back to 1.50% APY on our Leaderboard. Click here to read more

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Find 9 Nationally Available Savings Accounts With Returns Of 1.01% Or More

After briefly stating it wouldn’t take applications for new accounts, The Palladian PrivateBank has reversed course and is now accepting applications, putting them back in the top spot of our Savings Leaderboard.

The Chicago-based bank is still paying 1.30% APY on its savings accounts, and is guaranteeing the rate for six months.

After the promotional period ends, the rate returns to the regular rate, which currently is 0.90% APY. That gives you a combined annual return of 1.10%.

It only takes a minimum deposit of $1,000 to open an account with The Palladian Private Bank, and you don’t need to keep a certain amount in your account to earn interest.

The bank is a division of PrivateBank and Trust Co., which has 34 offices, primarily in the Midwest.

UFB Direct returns to second place in our rankings, and you need a hefty deposit of at least $25,000 before you can earn 1.20% APY.

While you can open an account with a deposit of as little as $100, the San Diego-based bank will only pay a lowly 0.20% APY if your balance is below $25,000. The bank, which is a division of BofI Federal Bank, charges no monthly service fees. Click here to read more

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Elements Financial Sows National CD Offer

A couple of times a year, Elements Financial Federal Credit Union unveils a CD special that earns it a mention here at Bankaholic.

This time, the worthy offer is 1.50% APY on 22-month certificates, with a $1,000 minimum deposit. And as usual, it’s available to savers in all 50 states.

The top nationally available 24-month yield from the banks on our CD Rates Leaderboard currently stands at 1.50% APY, from two banks requiring $2,500 and $10,000 minimum investments. So Elements’ promotion offers a chance to both shave two months off the term and buy in with a lower deposit.

But don’t just take our word that this is a great rate. Search Bankrate’s extensive database of the day’s best CD rates to make absolutely sure this is your best deal.

Known until early 2015 as Eli Lilly Federal Credit Union, Indianapolis-based Elements offers membership to employees, students, retirees or members of more than 50 affiliated organizations — including Eli Lilly, Amazon.com, Zappos.com and Angie’s List. Click here to read more

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Western Savers Earn 1.51% On 25-Month CDs From First National Bank of Santa Fe

What may look like three banks is really just one branded with three different names and with the same CD deal on offer at all of its New Mexico and Colorado locations.

Parent bank First National Bank of Santa Fe — credited with being the first bank in the Southwest — is paying 1.51% APY on a 25-month certificate of deposit with a $1,000 minimum.

The deal can be had in and around the Albuquerque and Las Cruces areas at branches signed First National Rio Grande, while in the Santa Fe and Los Alamos areas, the branches carry a First National Santa Fe moniker.

In Colorado, First National Denver branches can be found in Denver, Boulder, Lonemont, Loveland, Golden and Greenwood Village.

In all cases, the promotion is the same and offers a slight edge over the top nationally available 24-month rate of 1.50% APY from the banks on our CD Rates Leaderboard. Click here to read more

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