bank rates

Popular Direct Offers Eye-Catching CD Rates

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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 brick-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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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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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 many cases beat out, the best nationally available CDs.

It’s now leading the pack on 2- and 3-year CDs, paying 2.60% APY and 2.70% APY, respectively.

You can compare those terms 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 August 2018

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

 

The rates we’re seeing now are certainly better than 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 two other banks — iGOBanking and BankPurely — offering 2.00% APY.

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

Still, it’s nice to see some higher returns for savers on the horizon.
Click here to read more

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Best National Savings Accounts for August 2018

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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 August 2018 — Salem Five Direct.

It’s offering 2.05% APY. That’s with a $100 minimum deposit.

 

Click here to read more

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Check Out These Banks Offering Bump-Up CD Promotions: August 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 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 2.50%, 2.50%
Cornerstone Bank 13-month, 33-month 2.22%, 2.83%
American United FCU 3-year, 5-year 2.60%, 3.25%

Click here to read more

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Best Checking Account Offers for August 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 August 2018:

Click here to read more

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Barclays’ Savings Account Joins Leaders

It pays 1.00% APY with no minimum balance requirement.Barclays, the huge British financial services company, is offering an online savings account with a solid rate through its U.S. banking operation.

The account pays 1.75% APY, which is good enough for third place on our list of the best nationally available savings accounts. Click here to read more

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Synchrony Bank CDs Are Worth A Look

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 4-year certificates of deposit, and it’s extremely competitive on all other terms.

You’ll now find it offering 2.65% APY on a 4-year CD with a minimum deposit of $2,000.

On 5-year CDs, it’s offering 2.85% APY 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

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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 2.50% APY you can earn from the top nationally available 1-year certificate or the 5-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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Check Out These CD Rates From Capital One 360

Capital One 360 logoCapital One 360 is offering some of the best CD deals around, and it has been for a while.

For months, the banking arm of the company known for its credit cards has been paying  extremely competitive rates on nearly every term.

Currently, it’s 5-year CD stands out from the pack, paying 2.90% APY with no minimum deposit requirement.
Click here to read more

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6-Month CD Rates Roundup: Top National Deal Pays 2.05%

One bank is leading the charge on 6-month CDs. Limelight Bank is offering 2.05% APY with a $1,000 minimum.

The next best offer you’ll find comes from Live Oak Bank, which is offering 2.00% APY with a $2,500 minimum.

After that, First Internet Bank of Indiana and TAB Bank are offering 1.97% APY and 1.87% APY, respectively.

As always, shopping locally may earn you more from a credit union or community bank. We’ll talk about how to find those deals.
Click here to read more

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Sallie Mae Is Offering Some Great CD Rates

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

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.

In fact, it’s now the leader on 2-year CD rates. And its 2-year CD beats out, or matches, the top 3-year and 4-year CDs.

It’s nice to see banks competing like this. And 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 0.67% APY, while the average 5-year CD pays just 1.27% APY.

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

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

Click here to read more

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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.

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 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 1.23% APY.

Fortunately, Marcus is offering a great deal on 5-years — 2.90% 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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