bank rates

1-Year CD Rates Roundup: Earn 1.70% Nationally, 1.69% Locally

piggies in the round

The top nationally available return on 1-year certificates of deposit is currently 1.70% APY, higher than you could have earned at this time last year.

And two banks are offering that deal — ableBanking and Crestmark Bank.

The main difference between those deals is the minimum deposit amount. ableBanking requires a minimum of $1,000 to earn 1.70% APY, while Crestmark Bank requires a minimum of $25,000.

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.

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5-Year CD Rates Roundup: Take Home 2.40% Nationally, 2.71% Locally

Looking for the best 5-year CD rates? Right now the best you can earn nationally is 2.40% from two banks — Popular Direct and GS 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 at this time last year.

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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3-Year CD Rates Roundup: Earn 2.10% Nationally

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 2.10% APY from KS StateBank with a $500 minimum.

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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Best National Savings Accounts for October 2017

Hand grabbing money out of a jar

After months of stagnation, we’re finally starting to see a rise in savings rates. Three banks are at the top of the list of the best national savings accounts for October 2017 — Dollar Savings Direct, Popular Direct and Live Oak Bank.

All are offering 1.40% APY, but Popular Direct is the only bank that requires a minimum deposit to open ($5,000).

Palladian PrivateBank had been at the top of our list for months with its current bonus offer, paying 1.30% APY for the first six months after you open your account.

But 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%.

Now there are 11 banks in total offering 1.30% APY or better on a savings account. Other than Palladian’s offer, none of the deals are promotional — you earn a straight 1.30% APY or better on your balance.

 

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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 1.50%, 1.50%
Cornerstone Bank 14-month, 22-month 1.11%, 1.21%
American United FCU 3-year 2.00%

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Best Checking Account Offers for October 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 September 2017:

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Massachusetts Savers Can Benefit From Special 4-Year CD At Bay State Savings

If you’re in the market for a 4-year CD, Bay State Savings Bank is offering savers in central Massachusetts a solid deal.  Click here to read more

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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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2-Year CD Rates Roundup: Earn 1.85% Nationally, 2.00% Locally

24-month CDs

The top nationally available 2-year CD is paying 1.85% APY, up slightly from what it was last month.

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

You can pick up 1.85% APY from Popular Direct. But that’s with a fairly hefty minimum deposit of $10,000.

If you’re looking for a lower minimum, First Internet Bank of Indiana is offering 1.81% APY with a $1,000 minimum.

Overall, we have 14 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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