bank rates

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.

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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KS StateBank Pays Top Deals On Jumbo CDs Nationwide

Don’t let the Kansas name fool you – KS StateBank‘s certificates of deposit are available nationwide.

And it’s offering top rates on jumbo CDs. In fact, the bank just bumped up rates on all jumbos

It’s currently paying 2.20% APY on a 5-year jumbo. All of its jumbo CDs are paying 1.35% APY or above.

When the Manhattan, Kansas-based bank implemented an online account opening system more than two years ago, it extended the availability of several deposit products to savers nationwide.

But it wasn’t until just a year ago that it offered any rates worth mentioning.

Click here to read more

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GS Bank Is Offering Top CD Rates

If you’re in the market for a CD, GS Bank is worth a look. It’s offering great deals on nearly every term. And it’s leading the pack on 3-year CDs.

In fact, GS Bank is offering 1.90% APY on 3-year CDs with a $500 minimum. That’s a tenth of a percentage point more than Synchrony Bank, which is also offering top rates.

You’ll also find that GS Bank is posting great deals on 2-, 4- and 5-year CD rates.

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

Click here to read more

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Best Money Market Accounts for May 2017

Money Market AccountsThe best MMA rates continue to come from a pair of affiliated banks from Oklahoma, All America Bank and Redneck Bank, which are paying 1.25% APY. But the top rate is only paid on balances to $35,000. Higher balances earn 0.50% APY.

Both banks require a minimum deposit of $50 to open a Mega Money Market account. You don’t need to keep a certain amount in your account to earn interest, and there are no monthly service fees.

The family that owned a trio of Oklahoma banks rolled them together under the name All America Bank. It’s now based in Mustang, with seven branches and Redneck Bank as an online division.

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.

Everbank is paying 1.11% APY with the rate guaranteed for a year on its Yield Pledge MMA. Click here to read more

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Michigan Deal: Earn 1.46% On 18-Month CDs

piggy-bank-red-bow

If you’re looking for a solid deal on a long-term CDs in Michigan, be sure to check out Michigan One Community Credit Union.

It’s paying 2.02% APY on 48-month certificates of deposit, with a minimum $10,000 investment.

With the top nationally available 4-year offer from the banks on our CD rates leaderboard CD Rates Leaderboard standing at 1.95% APY, Michigan One’s shorter term offers an edge.

Anyone who lives or works in Michigan’s Barry, Clinton, Eaton, Gratiot, Ionia, Kent and Montcalm counties can join the credit union.

In addition, those with a family member living in those counties can join, even if the originally eligible person hasn’t joined Michigan One.

The one caveat is that customers new to Michigan One must open their account in person at one of four branches, located in Ionia, Carson City and Greenville.

To find your best deal whenever you’re rate shopping, be sure to visit Bankrate’s extensive database of the day’s best CD yields. 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 recently raised its benchmark interest rate, we’re seeing a few more these days.

Indeed, we have some 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 1.40%, 1.50%
Cornerstone Bank 14-month, 22-month 0.95%, 1.05%
American United FCU 3-year 2.00%

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Synchrony Bank Bumps Up Its CD Rates Again

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 raising its rates.

Synchrony bumped up its rates on nearly every term, making it a national leader on 4- and 5-year CDs.

It’s now offering 2.30% APY on a 5-year CD with a minimum deposit of $2,000, or 2.35% APY for a minimum deposit of $25,000. The national average 5-year CD pays just 0.90% APY.

On 4-year CDs, it’s offering 1.95% APY with a minimum deposit of $2,000. That moves up to 2.00% APY with a minimum of $25,000.
Click here to read more

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Best Checking Account Offers for May 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 May 2017:

Click here to read more

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Best National Savings Accounts for May 2017

Hand grabbing money out of a jar

At the top of the list of the best national savings account for May 2017 is Palladian PrivateBank with a bonus offer, 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%.

After that, you can pick up a cool 1.25% from Pure Point Financial. But you’ll have to fork out a hefty $10,000 upfront to earn that rate.

Click here to read more

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