bank rates

Check Out These Attractive CD Rates From Sallie Mae

If you’re shopping for a CD, short-term or long, Sallie Mae is offering some great deals.

But that should come as no suprise.

Sallie Mae is often near the head of the pack when it comes to showcasing the best CD rates.

And while it’s not currently the leader on any single term, its rates are highly competitive.

It’s nice to see banks competing like this. We’re finally getting back to a place where returns are valuable for savers.

But we’re not quite there just yet.

The average 1-year CD pays just 0.77% APY, while the average 5-year CD pays just 1.33% APY.

Fortunately, there are bunch of banks paying around two or three times those average rates, including Sallie Mae.

Remember, it’s always important to compare the best CD rates before you purchase.

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PenFed Is Offering Some Of The Best CD Rates In The Country

Pentagon Federal Credit Union has rejoined our list of the top CD deals available in the country.

Available to savers everywhere for a minimum $1,000 deposit, PenFed has raised returns on its CDs enough to compete, or in some cases beat out, the best nationally available CDs.

While the credit union weaves in and out of the lead across the board on CD terms, one thing that makes PenFed stand out is its rate consistency. It’s rarely far from the leader on any given CD term.

You can compare those terms from PenFed to the top yields from the banks on our CD Rates Leaderboard. Click here to read more

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Highest Money Market Rates for October 2018

The best money market account rate you can find this month comes from set of banks, all offering an impressive 2.25% APY.

MemoryBank, MySavingsDirect, iGoBanking and BankPurely are all sharing the lead, but with various minimum balance requirements to meet the APY.

MemoryBank requires no minimum balance to earn the APY, MySavingsDirect requires $1 and both iGoBanking and BankPurely require $25,000.

Virtual Bank, which was leading the pack last month, is paying the same 2.01% APY.

Even though we haven’t seen much movement out of money market account rates within the past 30 days, the rates we’re seeing now are certainly better than they were at this time last year.

For most of 2017, the best money market account rates came from a pair of affiliated banks from Oklahoma — All America Bank and Redneck Bank. While both are now paying 2.00% APY, last year’s rate from the two banks was around a half of a percentage point lower.

You’ll also find one other bank — Sallie Mae — offering 2.00% APY.

It’s nice to finally see some higher returns for savers on the horizon.
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Best National Savings Accounts for October 2018

Hand grabbing money out of a jar

After years of stagnation, we’re finally starting to see a rise in savings rates.

One bank takes the lead on our list of the best national savings accounts for October 2018 — Pure Point Financial.

It’s offering 2.15% APY with a minimum of deposit of $10,000.

Click here to read more

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Veridian Credit Union Offers Special 18-Month And 41-Month CDs

Veridian Credit Union Logo

Veridian Credit Union, Iowa’s largest credit union by membership, recently introduced very competitive 18-month and 41-month CD specials.

With a $1,000 minimum deposit, savers can earn 2.75% APY on an 18-month CD.

That nearly beats the top nationally available 18-month CD, which is currently paying 2.80% APY.

Similarly, a 41-month CD with a $1,000 minimum deposit earns 3.25% APY from Veridian.

That beats the top rate for a 4-year CD, which is paying 3.09% APY.

Both CDs also offer a one-time bump-up options.

Click here to read more

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Check Out These Banks Offering Bump-Up CD Promotions: October 2018

piggy-bank-red-bowWhen markets expect interest rates to move up, bump-up CD promotions start to become more popular.

And since the Fed has been inching up its benchmark interest rate, we’re seeing a few more these days.

Indeed, we have a few banks on our radar.

Remember, you can always find the best deals in your area by checking our chart of the best CD rates.

Here are four banks currently offering bump-up CD promotions:

Banks Currently Offering Bump-Up CD Promotions
Bank Term Base Rate APY
Ally Bank  2-year, 4-year 2.50%, 2.50%
Cornerstone Bank 13-month, 33-month 2.22%, 2.83%
American United FCU 3-year, 5-year 2.75%, 3.25%
TIAA Bank 3.5-year 2.85%

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Best Checking Account Offers for October 2018

Checking account offers

If you’re in the market for a new checking account, it pays to do some shopping around. This month, the top checking account offers pay a bonus of up to $500.

As long as you can avoid the potential monthly fees, these are worth a look.

Here are Bankaholic’s picks for the best checking account offers for October 2018:

Click here to read more

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Check Out These Eye-Popping CD Rates From TIAA Bank

TIAA Bank CDs

TIAA Bank has been dominating the rankings on short- and long-term CDs recently. If you’re looking for a great CD rate, and you’re not sure where to turn, chances are TIAA has a product that will pique your interest.

Indeed, it’s consistently leading our list of the top-paying nationally-available CDs.

It helps that the bank has to compete in this rising-rate environment.

Overall we’ve seen hefty increases on nearly all terms this month, providing some hope that CD returns are finally heading back to a place where they’ll be valuable for savers.

But we still have a long road to back to the returns we saw pre-recession.

The average 5-year CD pays just 1.33% APY.

Fortunately, TIAA Bank is offering more than twice that average on 5-years — 3.10% APY with a $5,000 minimum deposit to open.

Of course, it’s always crucial to compare the best CD rates before you purchase.

Click here to read more

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ableBanking Is Offering A Great Money Market Account Rate

Six one-hundred dollar bills and a green backgroundableBanking is offering one of the best money market account deals in the nation right now.

It recently increased its rate to 1.85% APY.

The only bank we’ve found offering a matching rate is Capital One 360, which is also paying 1.85% APY.

There’s a $250 initial deposit to open the ableBanking account and a $250,000 maximum, but there’s no minimum or maximum balance to maintain the account. There’s also no monthly maintenance fee.

While ableBanking is currently offering one of the best nationally available deals, it’s still important to comparison shop.

Before you decide to open an account, make sure to check out the nation’s leading money market account rates.

Click here to read more

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Marcus Offers Top CD Rates Across The Board

Marcus cd ratesIf you’re in the market for a CD, short-term or long, Marcus by Goldman Sachs is offering great deals across the board. Indeed, it’s at the head of the pack, paying close to the top rate on nearly every term.

It helps that the bank continuously hikes all of its rates to compete with other CD leaders.

And in fact, we’ve seen hefty increases overall on nearly all terms this month, giving us hope that CD returns are finally heading back to a place where they’ll be valuable for savers.

But we’re not quite there yet. The average 5-year CD pays just 1.30% APY.

Fortunately, Marcus is offering more than twice that average on 5-years — 3.10% APY with a $500 minimum.

Of course, it’s always crucial to compare the best CD rates before you purchase.

Click here to read more

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Don’t Miss Out On Synchrony Bank’s Leading CD Rates

Woman holding up a piggy bank with money coming out of it.We’ve been chatting a lot about Synchrony Bank lately. That’s because the bank keeps offering great deals on its CDs.

It’s currently leading the pack on 2-year and 3-year certificates of deposit, and it’s extremely competitive on all other terms.

You’ll now find it offering 2.65% APY on a 2-year CD and 2.70% APY on a 3-year CD, both with a minimum deposit of $2,000.
Click here to read more

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Check Out Navy Federal Credit Union’s 12-Month CD Special

spigot_dollar_symbols

Navy Federal Credit Union is currently offering a 12-month CD special that’s certainly worth checking out. It’s a bonafide winner for military-affiliated savers across the country, as well as their families.

Navy Fed is currently paying 3.00% APY on special 12-month certificates, with a minimum $50 deposit.

Compare that with the 2.63% APY you can earn from the top nationally available 1-year certificate or the 4-year term it takes to earn the same 3.00% APY.

The one catch is that this certificate has a maximum investment of $3,000.

Membership in Navy Fed is open to savers who are affiliated in any way with the Armed Forces, the U.S. Department of Defense or the National Guard. This includes regular active duty and reservists in the Army, Navy, Air Force, Marine Corps and Coast Guard, as well as Army and Air National Guard personnel.
Click here to read more

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6 Safe Places to Invest Your Money

It might be tempting at times to dig a hole in your backyard and bury your savings, even when the stock market is on a rally. But if you pick safe places to invest your money, you’ll know at all times how it’s performing for you.

Here’s a list of some places to consider investing your money that have very minimal risk: Click here to read more

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Granite CU Offers Tough-To-Beat Deal On 5-Year CDs in Utah

piggy-bank-red-bow

For savers in Salt Lake County, some of the best yields come from Granite Credit Union.

It’s paying 3.25% for a 5-year term, which is above the top nationally available 5-year return of 3.00% APY from Capital One.

Granite is also offering a solid promo rate on 18-month CDs — 2.30% APY.

Of course, it’s always wise to check Bankrate’s extensive database of the day’s best CD rates before locking in any certificate.

But if you’re in Salt Lake County, Granite is certainly offering some of the best deals around.

Here’s what the Granite Credit Union is paying on CDs:

Click here to read more

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KS StateBank Pays Top Deals On Jumbo CDs Nationwide

Don’t let the Kansas name fool you – KS StateBank‘s certificates of deposit are available nationwide.

And it’s offering top rates on jumbo CDs.

It’s currently paying 3.37% APY on a 5-year jumbo. That beats the lead for non-jumbo CDs, Capital One 360, by nearly half of a percentage point. And the average 5-year CD is paying just 1.30% APY.

Of course, in this rising-rate environment you may want to choose a shorter-term CD, like a 1-year, so you can consistently take advantage of higher rates.

Fortunately, all of KS StateBank’s jumbo CDs are paying 2.40% APY or above.

Click through on this post to see its full list of CDs.

Click here to read more

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