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Eight Nationally Available Savings Accounts Pay More Than 1.05%

Hand grabbing money out of a jar

Things may be picking up for savers, with the newly launched Popular Direct offering a savings account paying 1.26% APY – landing it in second place on our savings account leader board.

It takes a minimum deposit of $5,000 to open a savings account with Popular Direct, but you don’t have to a keep a certain amount in your account to earn interest. However, if you don’t keep at least $500 in your account you’ll pay a $4 monthly service fee.

Popular Direct is the newly launched online division of Banco Popular North America, based in New York. It is a subsidiary of Popular Inc., a financial services firm serving the United States, Puerto Rico and the Caribbean.

Popular Direct’s rate is just below the 1.30% APY you can earn with The Palladian PrivateBank, which is paying 1.30% APY for the first six months after you open your account. After the promotional period ends, the rate returns to the regular rate, which currently is 0.90% APY. That gives you a combined annual return of 1.10%. Click here to read more

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CD Leaderboard: Bank of Baroda Takes The Lead On 1- And 3-Year CDs

CD rates Leaderboard

One of the newest additions to our rankings of banks that offer nationally available CDs has just grabbed the lead in two terms.

Bank of Baroda upped its rate sheet this morning to pay 1.30% APY on 12-month certificates and 1.70% APY on 36 months, each with a $1,000 minimum investment.

That’s enough to outdo the previous 12-month and 36-month national leads of 1.26% and 1.66% APY, respectively, from the banks on our CD Rates Leaderboard.

We discovered seven weeks ago that Bank of Baroda had made its certificates of deposit available to savers nationwide with a mail-in process.

Although Bank of Baroda is an Indian bank — that country’s second largest, with branches in 25 countries — the CDs highlighted here are offered by Bank of Baroda’s U.S. branch. Click here to read more

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Savings Bank of Danbury Offers Attractive Bump-Up CD To Connecticut Savers

For 24-Month CDs, A Lull In The Action

For savers waiting to see what the Federal Reserve will (or won’t) do with interest rates over the next year or so, top-paying short-term CDs can be a good bet.

A competitive bump-up certificate could also be a smart move.

Put the two together in one certificate, and Connecticut’s Savings Bank of Danbury is offering a winner.

Its special 15-month promotional CD is paying 1.50% APY with a $1,000 minimum investment and offers the chance to boost the rate once during the certificate’s term.

On our CD Rates Leaderboard of the top nationally available bank returns, the most you can earn on 12 months is 1.26% APY, with 24 months being required to reach 1.50% APY.

Savings Bank of Danbury offers its certificates of deposit to anyone who lives or works in Connecticut. However, new customers are required to open their account at one of the bank’s 14 branches roughly along the I-84 corridor from Danbury to Waterbury. Click here to read more

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Granite CU Offers Tough-To-Beat Deal On 5-Year CDs

piggy-bank-red-bow

If any reader out there can explain what’s going on with Utah’s credit unions, please — clue us in.

In February, an onslaught of Utah institutions virtually simultaneously unveiled 5-year certificate promotions that outpaid the leading national banks with a 2.30% APY return.

Since then, additional Utah credit unions have joined the 60-month party, with seven of them now appearing in our roundup of the nation’s best-paying credit union and community bank CDs.

All of those 5-year CDs are paying between 2.27% and 2.35% APY.

For savers in Salt Lake County, the best yield among these comes from Granite Credit Union.

It’s paying 2.32% APY for a 5-year term, which offers a slight edge over the top nationally available return of 2.27% APY from the banks on our CD Rates Leaderboard.

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 with the buffeting that 5-year CD rates have suffered in the last half year, Granite’s return will be tough to beat. Click here to read more

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Take Home 1.26% On 1-Year CDs In The Lone Star State

Smiling woman holding a small, pink piggy bank in her left hand

Sometimes it’s hard to know which Texas CD deal to feature, since there’s almost always an abundance of Lone Star offers.

Today’s installment is for savers in greater San Antonio.

UNITED SA Credit Union serves anyone who lives in Bexar or Kendall counties and is currently paying 1.26% APY on 12-month certificates.

That’s the same 1-year rate you can earn from the top-paying national banks on our CD Rates Leaderboard.

The promotion also puts UNITED SA in our roundup of the best-paying credit union and community bank CDs in the country.

UNITED SA’s certificate requires a minimum investment of just $500, which will be a boon to modest CD savers compared with the lowest minimum of $2,500 from the national Leaderboard banks.

You can join the credit union and open its certificates of deposit either by phone or at one of its five San Antonio branches.

Just be sure to check Bankrate’s extensive database of the best CD rates before locking in, to make sure you’re getting that day’s very best return. Click here to read more

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6-Month CD Rates Roundup: Top National Deal Pays 1.05%, Local Pays 1.74%

It may not be stellar, but the top 6-month return on our CD Rates Leaderboard has certainly been rock-steady.

A single bank has led all competitors for most of 15 months with an unwavering 1.05% APY on nationally available 6-month certificates.

Unfortunately, that means the top yield is the same as before the Federal Reserve raised interest rates in December.

And it means many savers are still better off with one of the high-yield savings or money market accounts on our Savings Account Leaderboard.

But at least 6-month CDs haven’t lost ground since the Fed’s hike — something that’s disappointingly happened in four of the seven major CD terms we track here.

As always, shopping locally may earn you more from a credit union or community bank. We know of four deals that outpay the national leader, with one offering 1.74% APY.

As for what’s in the cards for another Fed rate increase, the expectations are fairly dour. But with the rate-setting committee’s next meeting a week away, we’ll tell you what we know. Click here to read more

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Maryland Deal Pays 1.75% On 3-Year Certificates Of Deposit

Woman holding up a piggy bank with money coming out of it.

We don’t often get to feature local CD deals from Maryland, as the Chesapeake State simply doesn’t offer up very many.

But for savers in Anne Arundel County, which centers on Annapolis, Severn Savings Bank is promoting a winner.

It pays 1.75% APY on a 36-month term, which is more than enough to beat the top nationally available return of 1.66% APY from the banks on our CD Rates Leaderboard.

It also earns Severn Savings a spot in our constantly updated roundup of the country’s top-paying community bank and credit union CDs.

This promotional certificate of deposit requires a minimum $10,000 investment of new money and can be opened at any of the bank’s five branches in Annapolis, Glen Burnie and Edgewater.

But as always, we suggest checking Bankrate’s extensive database of the day’s best CD rates before committing funds to any certificate. Click here to read more

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Alabama Savers: Earn 1.26% on 12-Month CDs From Guardian Credit Union

Hand grabbing money out of a jar

The top nationally available 1-year return from the banks on our CD Rates Leaderboard is currently 1.26% APY.

But savers in Alabama can get that same chart-topping rate more locally, with Guardian Credit Union.

The Montgomery-based credit union is paying 1.26% APY on 12 months, with a $10,000 minimum investment.

A search through Bankrate’s extensive database of the day’s best CD rates is always recommended before committing to any certificate of deposit. But Guardian’s offer won’t be easy to beat.

Anyone who lives in 13 Alabama counties including and surrounding Montgomery is eligible for Guardian membership.

Joining and opening its certificates of deposit can be done at any of its 11 branches in Montgomery, Prattville, Tallassee, Greenville or Troy.

For dozens more local and regional deals that beat the best national bank returns, visit our constantly updated roundup of the country’s top credit union and community bank CDs. Click here to read more

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National Deal From Chicopee Savings Pays 1.20% On 11-Month CDs

Pink piggy bank with glasses on top of books in front of chalk board

What used to be a community bank serving Connecticut and Massachusetts has become an option for savers nationwide.

Chicopee Savings Bank has opened its personal accounts to anyone in the country and right now is offering a notable 11-month certificate of deposit.

It’s paying 1.20% APY, which competes well with the top nationally available 12-month rate of 1.26% APY from the banks on our CD Rates Leaderboard.

It requires a $1,000 minimum deposit.

Take a look through Bankrate’s extensive database of the best CD rates to ensure you’re earning the top yield on any given day, but we suspect you won’t find many offers as good as this 11-month return.

Chicopee Savings’ certificates of deposit can be opened online or in person at one of its eight branches in and around Chicopee, Massachusetts.

Note, however, that while their online account application still indicates a Connecticut or Massachusetts residency requirement, I’ve confirmed with two different customer service representatives that their policy has indeed changed and any U.S. resident can open an account. Click here to read more

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