bank rates

6-Month CD Rates Roundup: Top National Deal Pays 1.90%, Local Pays 1.49%

One bank is leading the charge on 6-month CDs. Crestmark Bank is offering 1.90% APY with a $25,000 minimum.

The next best offer you’ll find comes from Ally Bank, which is offering 1.75% APY with a $25,000 minimum.

After that, Limelight Bank and Banesco are offering 1.71% APY and 1.70% APY, respectively.

As always, shopping locally may earn you more from a credit union or community bank. We’ll talk about where to find them.
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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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Veridian’s Credit Union Announces Special 18-Month CD

Veridian Credit Union Logo

 

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

With a $1,000 minimum deposit, savers can earn 2.18% APY on an 18-month CD. That APY bumps up to 2.28% on a jumbo CD with a $100,000 minimum deposit at the same 18-month term.

That beats out the top nationally available 1-year CD, which is currently paying 2.05% APY. And it’s nearly as high as the top nationally available 2-year CD, paying 2.30% APY.

Click here to read more

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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 2.00%, 2.00%
Cornerstone Bank 14-month, 22-month 1.51%, 1.71%
American United FCU 3-year 2.00%

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Best National Savings Accounts for February 2018

Hand grabbing money out of a jar

After months of stagnation, we’re finally starting to see a rise in savings rates. Four banks are at the top of our list of the best national savings accounts for February 2018 — DollarSavingsDirect, Live Oak Bank, Pure Point Financial and Incredible Bank.

All are offering 1.60% APY. The biggest difference between the four is the minimum deposit amount.

DollarSavingsBank requires no minimum, Live Oak Bank requires no minimum, Pure Point requires a $10,000 minimum and Incredible Bank requires a $2,500 minimum.

In total, you’ll now find 10 banks all offering 1.50% APY or above on savings accounts. That’s quite a change from this time last year.

Click here to read more

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Highest Money Market Rates for February 2018

Money Market AccountsFor most of 2017, the best money market account rates came from a pair of affiliated banks from Oklahoma — All America Bank and Redneck Bank. Both are still paying 1.50% APY. But that rate is only paid on balances up to $35,000. Higher balances earn just 0.50% APY.

This year there’s another contender in the mix. ableBanking Direct has come out of the gate strong this month and is paying 1.70% APY. And it’s cap on balances is much higher.

You’ll also find a solid rate from UFB Direct, which is paying 1.60% APY.

And Northern Bank Direct isn’t far behind, offering 1.51% APY.

In total, there are 14 banks paying 1.35% or better on money market accounts.  Click here to read more

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Best Checking Account Offers for February 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 February 2018:

Click here to read more

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CIT Bank Savings Account: Bookmark This Deal

CIT Bank savings

If you’re in the market for a savings account, this is a deal you’ll want to bookmark. CIT Bank’s new savings offer is tough to beat.

It’s paying 1.55% APY with a $100 minimum on balances up to $250,000.

The only savings deals that currently beat are from PurePoint Financial and DollarSavingsDirect, which are both offering 1.60% APY.

Indeed, banks are starting to compete for the best rates, and that’s great news for savers.

You can check out our monthly roundup of the best savings accounts for more options and opportunities.

With the national average savings account rate at a dismal 0.14%, this deal from CIT Bank is certainly better-than-average.

RATE SEARCH: Compare the best savings account rates.

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Freedom Credit Union’s 30-Month CD Is Worth A Look

woman with a magnifying glass

Freedom Credit Union is offering a hot new deal for mid-term CD shoppers.

Paying 1.75% APY on 30 months, the credit union’s yield nearly matches the best 3-year return you can find on our CD Rates Leaderboard of nationally available bank certificates.

With a name like Freedom, the credit union is unsurprisingly based in the Philadelphia area. 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 1.70% APY.

That beats out UFB Direct, Northern Bank Direct, My eBanc and Northpointe Bank — three other banks leading the charge on money market accounts.

But those banks are only offering 1.60% APY, 1.51% APY and 1.50% APY and 1.50% APY, respectively.

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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University Of Iowa CU Is Offering A Slam Dunk On 13-Month CDs

Once again, University of Iowa Community Credit Union is offering a top CD to savers in Iowa and Illinois and those affiliated with the university.

The latest promotion from Iowa’s largest credit union is a 13-month certificate paying 1.65% APY with a $1,000 minimum.

The deal gets even sweeter for savers who can pony up more, with deposits of at least $100,000 earning 1.75% APY. In addition, any Hawkeye alumni, staff or students can become members.

Searching through Bankrate’s extensive database of the day’s best CD rates will show how hard this rate is to beat. Click here to read more

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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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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 2.60% for a 5-year term, which is well above the top nationally available 5-year return of 0.91% APY.

Granite is also offering a solid promo rate on 30-month CDs — 1.80% 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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1-Year CD Rates Roundup: Earn 2.00% Nationally

piggies in the round

The top nationally available return on 1-year certificates of deposit is currently 2.00% APY, much higher than you could have earned at this time last year.

 

Three banks are tied for that rate — Synchrony Bank, ableBanking and Live Oak Bank.

The main difference between those deals is the minimum deposit amount. Synchrony Bank has a $2,000 minimum, ableBanking has a $1,000 minimum and Live Oak Bank has a $2,500 minimum.

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.

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.

Marcus was formerly known as GS Bank. The rebrand has been in the making for quite some time, but it officially switched over this year.

One deal from Marcus that sticks out is its offer on 5-years.

Marcus is offering 2.50% APY on 5-year CDs with a $500 minimum.

You’ll also find that Marcus is posting top deals on 3- and 4-year CDs right now. And it’s deals on other terms are certainly worth considering as well.

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

Click here to read more

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