bank rates

3-Year CD Rates Roundup: Earn 1.90% Nationally, 2.01% Locally

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

Now you can earn 1.90% APY from four different banks — GS Bank, Sallie Mae, E-Loan and KS StateBank.

But while there are several nationally-available deals worth a look, the case is as strong as ever for mid-term CD shoppers to capitalize on chart-topping rates from the country’s best-paying credit unions and community banks.

Indeed, we’ll tell you where to find local deals that beat the national leader.
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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 1.30% APY.

That beats out BankDirect, Sallie Mae and My Banking Direct — three other banks leading the charge on money market accounts.

But those banks are only offering 1.16% APY, 1.15% APY and 1.15% 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.

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Best Checking Account Offers for June 2017

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 of June 2017:

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2-Year CD Rates Roundup: Earn 1.75% Nationally, 2.25% Locally

24-month CDs

The top nationally available 2-year CD is paying 1.75% APY, up more than a tenth of a percentage point since we last reported on this term in late April.

Indeed, CD rates are on the rise. And 2-years are something to keep an eye on.

You can pick up 1.75% APY from New Domino Bank with a $1,000 minimum.

Overall, we have five banks offering 1.70% APY or higher on 2-year CD rates. And 13 banks are offering deals of 1.50% APY or better.

Of course, there are still some local banks and credit unions offering better deals.

That makes it even more important to shop around thoroughly for the best CD rates.
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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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1-Year CD Rates Roundup: Earn 1.46% Nationally, 5.00% Locally

piggies in the round

The top nationally available return on 1-year certificates of deposit is currently 1.46% APY, higher than you could have earned at this time last year.

Better yet, you can earn up to 2.00% APY from credit unions and community banks, and we’ll tell you where to find those local deals.

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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.

Undeniably, it’s one of the better nationally-available deals we’ve seen out there lately. It competes nicely with the top 12-month CDs.

Ally offers three different tiers for this particular CD. At the top tier, you can earn 1.35% APY with a $25,000 minimum.

But if you’re interested in earning 1.35% APY on an 11-month from Ally, you might want to purchase sooner than later. Though Ally will offer deals like this one occasionally, they tend not to last for very long.

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

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5-Year CD Rates Roundup: Take Home 2.35% Nationally, 2.61% Locally

Looking for the best 5-year CD rates? Right now the best you can earn nationally is 2.35% from Synchrony Bank or Popular Direct.

Even though the Fed has been raising the prime rate, we haven’t seen it reflected much in certificates of deposit.

Still, it beats the 2.27% you could earn from the top 5-year CD rates last spring.

Fortunately, you can almost always find some better-than-average local deals.

And 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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Best Money Market Accounts for June 2017

Money Market AccountsThe best money market account rate this month comes from ableBanking Direct, which is paying 1.30% APY with a $250 minimum to open.

We have to note that this is the highest rate we’ve seen out of money market accounts in quite a while.

For at least the last year, the top deal has come from a pair of affiliated banks from Oklahoma, All America Bank and Redneck Bank. Both are paying 1.25% APY. But that rate is only paid on balances up to $35,000. Higher balances earn just 0.50% APY.

While ableBanking Direct requires a $250 minimum deposit to open, there’s no minimum to earn the APY.

ableBanking Direct is a division of Northeast Bank and operates 10 traditional offices throughout seven counties in Maine. But an account can be opened by anyone willing to provide their Social Security number and their existing bank account and bank routing number.

My Banking Direct is the next best rate at 1.15% APY. While it only requires $2,500 to open, you’ll need to deposit $5,000 to earn the full 1.15% APY.
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