bank rates

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

It helps that the bank hiked all of its rates this month to compete with other CD leaders.

In fact, we’ve seen hefty increases 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 1.13% APY.

Fortunately, Marcus is offering a great deal on 5-years — 2.75% APY with a $500 minimum.

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

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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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5-Year CD Rates Roundup: Take Home 2.87% Nationally And Locally

Looking for the best 5-year CD rates? Right now the best you can earn nationally is 2.87% APY from one bank: iGoBanking.

That certainly beats what you could earn from the top 5-year CD rates at this time last year.

But it’s always important to search for deals locally as well. Local banks and credit unions often offer some of the best rates around. And we’ll tell  you where to find them.

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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EverBank Offers Top Nationally Available Deals on 2- 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 lead for the best nationally available 2- and 4-year returns.

It’s currently paying:

  • 2.35% APY on 24-month CDs.
  • 2.60% 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 PenFed and Synchrony Bank, which are offering comparable deals on those terms with less of a minimum requirement.

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Best Checking Account Offers for April 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 April 2018:

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 has recently 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 three 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 2.00%, 2.00%
Cornerstone Bank 10-month, 32-month 1.76%, 2.63%
American United FCU 3-year 2.00%

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Highest Money Market Rates for April 2018

Money Market AccountsThis month the best money market account rate you can find this month comes from Virtual Bank, which is paying 1.77% APY.

Indeed, that’s slightly better than you could have earned last month, when CIT Bank was in the lead paying 1.75% APY.

And it’s certainly better than you would have earned 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 1.75% APY, last year’s rate from the two banks was around a quarter of a percentage point lower.

Though rates on money market accounts are on the rise, they still aren’t where we’d like them to settle.

But it’s nice to see some higher returns for savers on the horizon.
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Best National Savings Accounts for April 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 is at the top of our list of the best national savings accounts for April 2018 — Popular Direct.

It’s offering 2.00% APY. That’s with a $5,000 minimum deposit and a $500 minimum balance.

 

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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 1.70% APY.

The only bank we’ve found offering a better deal is CIT Bank, which is paying 1.75% APY.

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.

Click here to read more

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Capital One 360 CD Rates Are Worth Another Look

Capital One 360 logoCapital One recently gave a boost to its certificates of deposit.

Now the bank is offering some of the best national deals on nearly all terms.
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Veridian’s Credit Union Announces Special 39-Month CD

Veridian Credit Union Logo

Veridian Credit Union, Iowa’s largest credit union by membership, recently introduced a very competitive 39-month CD special.

With a $1,000 minimum deposit, savers can earn 2.30% APY on a 39-month CD. That APY bumps up to 2.40% on a jumbo CD with a $100,000 minimum deposit at the same 39-month term.

That matches the top nationally available 3-year CD, which is currently paying 2.40% APY. And it’s nearly as high as the top nationally available 4-year CD, paying 2.50% APY.

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3-Year CD Rates Roundup: Earn 2.50% 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 2.50% APY from the lead bank on our list. BAC Florida Bank is paying 2.50% with a $1,500 minimum.

State Bank of India – Chicago and M.Y. Safra Bank are both close behind, paying 2.43% APY and 2.41% APY, respectively.

But while there are several nationally-available deals worth considering, there are also some great local deals from credit unions and community banks for mid-term CD shoppers.

And we’ll tell you where to find those local deals.
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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 recently unveiled an array of three promotional CDs with a $5,000 minimum deposit:

  • 2.00% APY on 18-months
  • 2.25% APY on 30-months
  • 3.00% APY on 60-months

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6-Month CD Rates Roundup: Top National Deal Pays 1.90%, Local Pays 1.49%

One bank is leading the charge on 6-month CDs. Crestmark Bank is offering 1.90% APY with a $25,000 minimum.

The next best offer you’ll find comes from Ally Bank, which is offering 1.75% APY with a $25,000 minimum.

After that, Limelight Bank and Banesco are offering 1.71% APY and 1.70% APY, respectively.

As always, shopping locally may earn you more from a credit union or community bank. We’ll talk about where to find them.
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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 1.55% APY with a $100 minimum on balances up to $250,000.

The only savings deals that currently beat are from PurePoint Financial and DollarSavingsDirect, which are both offering 1.60% 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 0.14%, this deal from CIT Bank is certainly better-than-average.

RATE SEARCH: Compare the best savings account rates.

Click here to read more

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