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Keystone State Deal on 29-, 54-Month CDs

Diamond Credit Union is offering two sparkling CD deals.

The southeastern Pennsylvania credit union is paying 1.50% APY on 29-month CDs, and 2.30% APY for a 54-month term.

lightbulb and dollar sign

On our CD Rates Leaderboard of the top nationally available rates, it takes a 36-month term to earn 1.50%, and 60 months to earn 2.33% APY.

Membership at Diamond is open to anyone who lives, works, regularly conducts business, or attends school in Berks County, Pottstown and portions of Montgomery and Chester counties.

These special CD rates require a robust $10,000 minimum investment, as well as $5 deposited into a savings account if you need to join Diamond.

Although membership can be completed online, CD purchases must be made by phone, by mail or at one of the credit union’s five branches located in Boyertown, Exeter, Pottstown, West Reading and Wyomissing.

Highest CD Rates Roundup For Feb. 28

Check out all of the top returns we’ve found at credit unions and community banks across the country. These local deals pay more than the best nationally available CD rates.

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Doral Bank Seized And Sold By FDIC

At the height of the recession, two or three banks were failing every week. These days, it’s more like one or two a month.

Still, a casualty can occur at any time, and today one of the banks savers have counted on for top CD rates has failed.

Doral Bank — which was operating in Puerto Rico, Florida and New York City — was seized this afternoon by the Federal Deposit Insurance Corp., with FDIC regulators swooping in to Doral locations and securing assets.

If you hold funds at Doral, you can breathe easy that your deposits are safe, as they are insured by the FDIC.

Per the FDIC’s official press release on the Doral Bank seizure:

Doral Bank’s 26 former branches will reopen under normal business hours beginning Saturday, February 28. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits.

But what we can’t promise CD owners is that they’ll be able to keep the rate they had previously secured with Doral. Click here to read more

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3 votes, average: 4.67 out of 53 votes, average: 4.67 out of 53 votes, average: 4.67 out of 53 votes, average: 4.67 out of 53 votes, average: 4.67 out of 5 (3 votes, average: 4.67 out of 5)
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Top 5-Year CD Rates Drop Again To 2.25%

The top rates on 60-month CDs just haven’t been able to gain any lasting traction over the past year.

Indeed, the top nationally available return on our CD Rates Leaderboard fell today for the second time this week, dropping from 2.50% APY on Sunday, to 2.33% APY on Monday and 2.25% APY this morning.

Unfortunately, these are just the latest relapses.

After finally rising back up to 2.25% almost exactly one year ago, the leading return remained at 2.30% or better through the final eight months of 2014.

But in January, Citizens State Bank, the 60-month rate leader at 2.35% APY, stopped offering its CDs nationally.

After dropping yet again to 2.25%, we saw another spike this month, with Live Oak Bank offering 2.50% APY , and then EverBank taking the next lead with 2.33% APY.

Today, we’re back to the familiar top rate of 2.25% after EverBank cut its yield. Click here to read more

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21 votes, average: 4.48 out of 521 votes, average: 4.48 out of 521 votes, average: 4.48 out of 521 votes, average: 4.48 out of 521 votes, average: 4.48 out of 5 (21 votes, average: 4.48 out of 5)
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Elements Financial CU Has A National Deal


With St. Patrick’s Day approaching, Elements Financial is doling out some good luck for savers across the country.

The credit union’s “Shamrock Special” — billed as a limited-time offer — is paying a remarkable 2.00% APY on 32-month CDs.

This offering towers above the leading 36-month return on our CD Rates Leaderboard, which stands at 1.50% APY.

In fact, because the top national 3-year CDs haven’t paid 2.00% since August 2011, we’ve been deeming this rate a deal for 48-month certificates.

Known as Eli Lilly Federal Credit Union until its January name change, Elements requires a $10,000 minimum deposit for these promotional CDs. Click here to read more

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7 votes, average: 4.43 out of 57 votes, average: 4.43 out of 57 votes, average: 4.43 out of 57 votes, average: 4.43 out of 57 votes, average: 4.43 out of 5 (7 votes, average: 4.43 out of 5)
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Wyoming, Military Deal: 3% On IRA CDs

Wyoming’s snowfall may not be setting any records this winter, but CD rates from its second-largest credit union sure are.

Meridian Trust Federal Credit Union is offering the spectacular rate of 3.00% APY on its 60-month IRA certificates of deposit, as well as an also impressive 2.50% APY on 48-month IRA CDs.

Both deals will expire with the tax season on April 15.

While we don’t typically feature IRA CDs given the added complexity of purchasing them, this deal was too newsworthy to pass up.

In fact, Meridian Trust’s 60-month yield is a full two-thirds of a point higher than the top nationally available return of 2.33% APY on our CD Rates Leaderboard.

Not only that, but the best national rates in this term haven’t been at 3.00% APY since the first half of 2011.

Like all credit unions, membership is required to purchase these chart-topping CDs. Fortunately, the range of eligibility is wider than you might think. Click here to read more

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Real Texas-Sized CD Deals From Texell CU


Texell Credit Union is offering savers a Texas-sized deal on 60-month CDs.

At 2.35% APY, the rate beats the top nationally available return on our CD Rates Leaderboard.

Texell also bests the national leaders with its 1.55% APY rate on 36-month CDs for the same $1,000 minimum deposit.

Serving central Texas, Texell membership is open to all residents of Bell County and parts of Williamson County, as well as the immediate families of Texell members. A one-time $5 membership fee, plus $5 deposited in a savings account, is required.

You can join Texell, and buy certificates of deposit online or at one of its seven branches in Temple, Belton, Killeen, Georgetown and Leander.

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6 votes, average: 4.17 out of 56 votes, average: 4.17 out of 56 votes, average: 4.17 out of 56 votes, average: 4.17 out of 56 votes, average: 4.17 out of 5 (6 votes, average: 4.17 out of 5)
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New Leader In National 5-Year CD Rates

As expected, Live Oak Bank is no longer offering the top nationally available 60-month return on our CD Rates Leaderboard.

For less than a week, Live Oak offered 2.50% APY on 5-year CDs — the best national deal in three-and-a-half years.

But the bank, which has a single branch in Wilmington, North Carolina, always said that return would expire Sunday — and it did. Today, Live Oak is paying just 1.50% APY.

But on Friday, EverBank raised its 60-month yield to 2.33% APY.

That beat the quartet of banks paying 2.25% APY and became the best national deal today.

Based in Jacksonville, Florida, and serving customers online and at branches throughout the Sunshine State, EverBank requires a modest $1,500 minimum deposit for all of its certificates of deposit.

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Jumbo Mortgage Deal: 3.875%, No Points

Alpine Mortgage Services is offering one of winter’s best deals on 30-year, fixed-rate jumbo mortgages to borrowers in four Eastern states.

It’s charging just 3.875% for purchase or refinance, with no points, $750 in lender fees and a 30-day rate lock.

That rate is nearly a quarter of a percentage point less than the national average of 30-year jumbos — 4.11%, according to our latest survey of major lenders.

This deal is available in New Jersey, New York and Pennsylvania.

Alpine Mortgage Services also lends in Florida, but the rate offered in the Sunshine State is a higher 4% for a 30-year jumbo.

Live somewhere else?

Use this deal as a blueprint if you’re purchasing. Find a similar deal from a lender in your area, and you know you’ve found a winner.

You can get started by searching Bankrate’s database for the best mortgage rates from scores of other lenders in your area. Click here to read more

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12 votes, average: 4.33 out of 512 votes, average: 4.33 out of 512 votes, average: 4.33 out of 512 votes, average: 4.33 out of 512 votes, average: 4.33 out of 5 (12 votes, average: 4.33 out of 5)
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Top 3-Year CDs Disappointingly Stable

The post-recession period hasn’t been kind to CD rates in any term. But 3-year CDs seem to be having an especially challenging time rising from the ashes.

The top nationally available return for 36-month certificates of deposit on our CD Rates Leaderboard currently stands at 1.50% APY, a level it first sunk to in June 2012.

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Since then, the leading 3-year rate has been mostly stuck between 1.40% and 1.51% APY.

True, there have been a few glimmers of hope for the term. But they’ve all been frustratingly short-lived.

In February 2013, Live Oak Bank surprised and delighted us with its 1.85% 36-month rate, which was a huge jump from the previous lead of 1.40% APY.

But 12 days later, Live Oak’s offer vaporized, dropping us back down to 1.40%.

Another year and a half followed with rates again mired between 1.40% and 1.51% APY, until Presidential Bank teased us with a new 36-month lead of 1.75% in September 2014. Click here to read more

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17 votes, average: 4.47 out of 517 votes, average: 4.47 out of 517 votes, average: 4.47 out of 517 votes, average: 4.47 out of 517 votes, average: 4.47 out of 5 (17 votes, average: 4.47 out of 5)
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