bank rates

Connexus Credit Union Offers National Deals Worth A Look

It might not be a national bank, but Connexus Credit Union is so easy to join it might as well be.

By making a one-time $5 donation to Connexus’ charitable association, anyone nationwide can become a member of the Wisconsin credit union, and now is as good a time as any given its current crop of CD specials.

CD deals worth a look from Connexus Credit Union

With a $5,000 minimum deposit, Connexus is paying 2.50% APY on 12-month certificates, 2.60% APY on 24-month CDs, 2.75% APY on 36-month CDs, 3.00% on 42-month CDs and 3.25% APY on 60-month CDs.

And while all of the rates its offering are solid deals, Connexus truly stands out in the 42-month and 5-year CD categories. Indeed, it’s beating all of the top-paying national banks on our list in those terms by a quarter of a percentage point.

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Check Out These Banks Offering Bump-Up CD Promotions

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 recently 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 three 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 2.35%, 2.35%
Cornerstone Bank 17-month, 36-month 2.02%, 2.78%
American United FCU 3-year, 5-year 2.15%, 3.00%

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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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Highest Money Market Rates for May 2018

Money Market AccountsThe best money market account rate you can find this month comes from Virtual Bank, which is paying 2.01% APY with a $100 minimum deposit and no minimum balance requirement to earn the APY.

Virtual Bank has been dominating the top position on money market account rates for the last few months.

And it keeps making its offer more enticing.

Indeed, last month Virtual Bank was paying a quarter of a percentage point less — 1.77% APY. But it recently gave its money market account rate a hefty bump.

This rate from Virtual Bank is certainly more than you could have earned 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 1.75% APY, last year’s rate from the two banks was around a quarter of a percentage point lower.

Though rates on money market accounts are on the rise, they still aren’t where we’d like them to settle.

But it’s nice to see some higher returns for savers on the horizon.
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Best Checking Account Offers for May 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 $300.

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 May 2018:

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Best National Savings Accounts for May 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 is at the top of our list of the best national savings accounts for May 2018 — Popular Direct.

It’s offering 2.00% APY. That’s with a $5,000 minimum deposit and a $500 minimum balance.

 

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Check Out Ally’s 11-Month No-Penalty CD

Ally Bank recently bumped up rates on its 11-month, no-penalty CD. And it’s certainly worth a look.

It’s one of the better nationally-available no-penalty deals we’ve seen out there lately.

This deal allows you to withdraw your money at any time after the first six days following the date you funded the account. You can keep the interest you earned with no penalties.

That’s something you simply won’t get with traditional CDs.

Ally offers three different tiers for this particular CD. At the top tier, you can earn 1.50% APY with a $25,000 minimum.

Of course, it’s always best to compare the top CD rates before you decide on a CD.

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Capital One 360 CD Rates Are Worth Another Look

Capital One 360 logoCapital One recently gave a boost to its certificates of deposit.

Now the bank is offering some of the best national deals on nearly all terms.
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Popular Direct Offers Eye-Catching CD Rates

spigot_dollar_symbols

Popular Direct is offering some very competitive CD rates right now.

Entering the scene last year, it offers a menu of CDs and a simple savings account.

Popular Direct is the newer offspring of Banco Popular North America, which is the U.S. subsidiary of Puerto Rican bank Popular Inc.

Popular Inc.’s bricks-and-mortar U.S. presence is Popular Community Bank, which operates almost 50 branches in New York, New Jersey and south Florida.

If that rings any bells, it’s because Banco Popular also owns E-Loan, and we wrote about both of them extensively in the summer of 2015 when E-Loan dramatically raised its rates at the same time that Puerto Rico defaulted on its debt (the two events were unrelated, as you can read here).

Popular Direct is currently offering CD rates on a range of terms that beat out many of the top national banks offering CDs.  Click here to read more

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3-Year CD Rates Roundup: Earn 2.70% Nationally

The top return among national 3-year CDs has been moving up lately. In fact, the top rates on 3-year CDs are around a half of a percentage point higher than they were at this time last year.

Now you can earn 2.70% APY from the lead bank on our list — Banesco. It requires a $1,500 minimum deposit.

BAC Florida Bank, Live Oak Bank and Popular Direct are all tied for second place, offering 2.60% APY.

But while there are several nationally-available deals worth considering, there are also some great local deals from credit unions and community banks for mid-term CD shoppers.

And we’ll tell you where to find those local deals.
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1-Year CD Rates Roundup: Earn 2.22% Nationally

piggies in the round

The top nationally available return on 1-year certificates of deposit is currently 2.22% APY, much higher than you could have earned at this time last year.

Only one bank is paying that rate — First Internet Bank of Indiana with a $1,000 minimum.

But six other banks are competing for the second place position, all paying 2.20%.

The main difference between those six deals is the minimum deposit amount, as you’ll see in the chart below.

If you prefer to go local, you can earn up to 1.69% APY from credit unions and community banks, and we’ll tell you where to find those deals.

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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 hiked all of its rates this month to compete with other CD leaders.

In fact, we’ve seen hefty increases 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 1.13% APY.

Fortunately, Marcus is offering a great deal on 5-years — 2.75% APY with a $500 minimum.

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

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5-Year CD Rates Roundup: Take Home 2.87% Nationally And Locally

Looking for the best 5-year CD rates? Right now the best you can earn nationally is 2.87% APY from one bank: iGoBanking.

That certainly beats what you could earn from the top 5-year CD rates at this time last year.

But it’s always important to search for deals locally as well. Local banks and credit unions often offer some of the best rates around. And we’ll tell  you where to find them.

Keep in mind that rates change daily, which is why it’s always a good idea to check Bankrate’s extensive database of the day’s best CD rates. Click here to read more

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EverBank Offers Top Nationally Available Deals on 2- and 4-Year CDs

EverBank is showcasing some very worthwhile CD rates this month. The bank has recently bumped up its rates on a number of terms.

Those increases push the Jacksonville-based bank into the lead for the best nationally available 2- and 4-year returns.

It’s currently paying:

  • 2.35% APY on 24-month CDs.
  • 2.60% APY on 48-month CDs.

The minimum deposit for all of those deals is $5,000.

If you can’t swing that minimum, look for other great deals from banks like PenFed and Synchrony Bank, which are offering comparable deals on those terms with less of a minimum requirement.

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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 1.70% APY.

The only bank we’ve found offering a better deal is CIT Bank, which is paying 1.75% 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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