bank rates

Highest Money Market Rates for December 2018

The best money market account rate you can find this month comes from MySavingsDirect, paying 2.40% APY.

NorthPointe Bank and Memory Bank are both right behind it, offering 2.30% APY. And a slew of banks are offering 2.25% APY.

MySavingsDirect requires just a $1 minimum to earn the APY. That’s certainly an easier minimum to hit than NorthPointe Bank, which requires $25,000 to earn the APY. Memory Bank requires no minimum to earn the APY.

Even though we haven’t seen much movement out of money market account rates within the past month, the rates we’re seeing now are certainly better than they were 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 2.25% APY, last year’s rate from the two banks was around a full percentage point lower.

It’s nice to finally see some higher returns for savers on the horizon.
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Best Checking Account Offers for December 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 December 2018:

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Check Out These Banks Offering Bump-Up CD Promotions: December 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 four 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 2.60%, 2.60%
Cornerstone Bank 14-month, 26-month 2.27%, 2.83%
American United FCU 3-year, 5-year 3.35%, 3.50%
TIAA Bank 3.5-year 3.05%

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Best 2 Year CD Rates for November 2018

24-month CDs

The best nationally available 2-year CD this month is paying 3.06% APY.

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

You can pick up 3.06% APY from Virtual Bank with a $10,000 minimum deposit.

Can’t swing that minimum? No worries. We have a total of 11 banks on our list paying 2.90% APY or better with varying deposit amounts.

Of course, you might be able to find some even better deals at your local credit union or community bank.

That makes it even more important to shop around thoroughly for the best CD rates.
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BMO Harris Is Offering Very Attractive Promo CDs Right Now

man in suit with calculator, cd rates

“The biggest banks have the best CD rates,” said no one ever.

That’s because the deposit rates offered by the top 25 banks are generally far worse than competitive.

So we take notice when a gigantic bank begins offering certificates of deposit with anything even resembling a competitive yield, and this month, BMO Harris Bank has gotten our attention.

Based in Chicago, BMO Harris is the 25th-largest bank in America by total assets, operating more than 600 branches across the nine states of Florida, Illinois, Washington, Arizona, Indiana, Missouri, Wisconsin, Minnesota and Kansas.

Until a couple of years ago, its CD rates were as pitiful as those at virtually every other megabank. But it’s been going strong so far this year.

BMO Harris offers an array of three promotional CDs with a $5,000 minimum deposit:

  • 2.65% APY on 18-months
  • 3.00% APY on 30-months
  • 3.50% APY on 60-months

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Popular Direct Offers Eye-Catching CD Rates

Popular Direct is offering some very competitive CD rates right now.

Entering the scene just recently, it hosts a menu of CDs as well as a simple savings account.

And its CD rates beat out many of the deals from top national banks on our list.  Click here to read more

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EverBank Offers Top Nationally Available Deals on 1-, 3- And 4-Year CDs

EverBank is showcasing some very worthwhile CD rates this month. The bank has recently bumped up its rates on a number of terms.

Those increases push the Jacksonville-based bank into the top nationally available deals for 1-, 3- and 5-year CDs.

It’s currently paying:

  • 2.73% APY on 1-year CDs.
  • 3.05% APY on 36-year CDs.
  • 3.15% APY on 48-month CDs.

The minimum deposit for all of those deals is $5,000.

If you can’t swing that minimum, look for other great deals from banks like Marcus or Connexus Credit Union, which are offering comparable deals on those terms.

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Connexus Credit Union Offers National CD Deals You Shouldn’t Miss

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.

In fact, it’s one of the few institutions we’ve seen that’s offering 4.00% APY on a 5-year CD. And deals on its other terms are just as attractive.  Click here to read more

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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.

It’s one of the better nationally-available no-penalty deals we’ve seen out there lately.

This deal allows you to withdraw your money at any time after the first six days following the date you funded the account. You can keep the interest you earned with no penalties.

That’s something you simply won’t get with traditional CDs.

Ally offers three different tiers for this particular CD. At the top tier, you can earn 2.20% APY with a $25,000 minimum.

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

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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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Best National Savings Accounts for November 2018

Hand grabbing money out of a jar

After years of stagnation, we’re finally starting to see a rise in savings rates.

One bank takes the lead on our list of the best national savings accounts for November 2018 — Popular Direct.

It’s offering 2.26% APY with a minimum of deposit of $5,000.

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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 2.15% APY with a $100 minimum on balances up to $250,000.

The only savings deal that currently beats it is from Citizens Access, which is paying 2.25% 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 0.09%, this deal from CIT Bank is certainly better-than-average.

RATE SEARCH: Compare the best savings account rates.

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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 some great options. Indeed, it’s at the head of the pack, paying close to the top rate on nearly every term.

It helps that the bank continuously hikes all of its rates to compete with other CD leaders.

And in fact, we’ve seen hefty increases overall 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 1.36% APY.

Fortunately, Marcus is offering more than twice that average on 5-years — 3.10% 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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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 2.90% APY on 30 months, the credit union’s yield beats 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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University Of Iowa CU Is Offering A Slam Dunk On 7-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 7-month certificate paying 2.10% APY with a $1,000 minimum.

The deal gets even sweeter for savers who can pony up more, with deposits of $10,000 to $99,000 earning 2.20% APY and deposits of at least $100,000 earning 2.30% 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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