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Earn 1.50% From Online 30-Month CD Deal

Savers everywhere can earn the top nationally available rate for a 3-year CD while shaving 6 months off their term.

Offered by MySavingsDirect, an online division of Emigrant Bank in New York, the 30-month CD pays 1.50% APY.

That matches the best 36-month rate from the banks on our CD Rates Leaderboard.

A $1,000 minimum deposit is required, and the certificate of deposit must be purchased online.

In addition, customers first need to open an accompanying savings account, where the bank will deposit the CD’s earnings.

Fortunately, a MySavingsDirect savings account requires no minimum balance, charges no fees, can be opened with just a dollar and pays 1.25% APY, making it one of the best nationally available savings accounts.

For more rates that beat our Leaderboard, visit our current roundup of the highest CD yields from credit unions and community banks.

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Jumbo Mortgage Deal: 3.875%, No Points

National Mortgage Alliance is offering some of summer’s best deals on jumbo mortgages for purchase or refinance.

On a 30-year, fixed-rate jumbo mortgage, it’s charging borrowers just 3.875% with no points, a very reasonable $200 in lender fees and a 30-day rate lock.

That’s about one-third of a point lower than the national average of 30-year jumbos — 4.21%, according to our latest survey of major lenders.

Can you do better?

We think this deal will be hard to beat, but it never hurts to try.

You can get started by searching Bankrate’s database for the best mortgage rates from scores of other lenders in your area.

Jumbo loans are mortgages that are too large to be purchased by Fannie Mae and Freddie Mac, the two government-owned companies that buy most of the mortgages issued by banks and other lenders.

The largest loans they can buy depend on where the home is located but range from $417,000 in most places to $625,000 in the nation’s most expensive cities. If you need to borrow more than that, then you’ll need a jumbo loan. Click here to read more

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Rising Rates Create Deals In Brokered CDs

We couldn’t help but notice that brokered CDs are staging a comeback this summer.

Brokered CDs are simply bank CDs that you can buy, hold and sell within an account at a brokerage firm such as Vanguard or Fidelity, in the same way you hold stocks, bonds and mutual funds in these accounts.

Over the past several years, the returns on those CDs have almost always lagged what you could earn by investing directly through the top-paying banks on our CD Rates Leaderboard.

So we’ve been surprised over the past few weeks to see a growing number of 3- and 5-year brokered CDs that beat the best nationally available yields.

And when you’re lucky enough to find that, well, it’s like having your cake and eating it, too. Click here to read more

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EverBank Slips Back To Top Of 3-Year CDs

The one-upmanship continues.

For the third Friday in a row, we have a new ever-so-slight leader among nationally available 36-month CDs.

EverBank increased the return on its 3-year certificates of deposit from 1.51% to 1.54% APY today, narrowly edging out the previous lead of 1.53% APY held by Silvergate Bank.

The banks on our CD Rates Leaderboard have bumped up the best national yield three times in the past two weeks.

Unfortunately, each new rate has been just one or two hundredths of a point higher.

Still, up is good for a top rate that had been stuck at 1.50% APY since January.

Requiring a $1,500 minimum deposit, Jacksonville-based EverBank operates more than a dozen branches around Florida as well as a robust online portal.

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Look At This CD Deal For Houston Savers


Associated Credit Union of Texas is paying 1.60% APY on 3-year CDs with a $1,000 minimum deposit.

That certificate outperforms the top nationally available return of 1.50% APY from the banks on our CD Rates Leaderboard.

For those able to invest $50,000 or more, Associated will raise the rate an additional tenth of a percentage point on all of its CDs.

Anyone who lives, works or worships in Harris, Brazoria or Galveston counties can join Associated and buy its certificates of deposit by visiting one of its 15 branches in the Houston area. A $1 savings account deposit is required.

You can find this deal and dozens of other chart-topping rates in our current roundup of the best-paying CDs from credit unions and community banks across the country.

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Earn 1.51% From This 19-Month CD

MutualOne Bank is offering a promotional 19-month CD that pays 1.51% APY and can be bought by savers everywhere.

With the top nationally available 24-month yield from the banks on our CD Rates Leaderboard currently at 1.45% APY, MutualOne offers an opportunity to simultaneously increase your earnings and shorten your term.

Although the Framingham, Massachusetts bank offers some products only to in-state residents, the 19-month certificate of deposit is part of a menu of nationally available CDs that can be purchased by anyone.

Requiring a $500 minimum deposit, the CD can be purchased either online or at one of MutualOne’s three branches in Framingham and Natick.

You can find this and dozens of other chart-topping rates on our constantly updated roundup of the top-paying CDs from credit unions and community banks.

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New Checking Account Is Savings Worthy

Here’s a checking account that doesn’t charge fees and pays way above average interest without requiring you to jump through a bunch of hoops every month.

Boston-based Radius Bank is billing its new Hybrid account as a cross between a savings account and a checking account.

It offers 1.00% on that portion of your balance above $2,500.

If, for example, you maintain an average monthly balance of $10,000, you’ll earn nothing on the first $2,499 and 1.00% on the remaining $2,500 to $10,000. That’s a blended APY of 0.75%.

It won’t make you rich, but it’s far better than most checking accounts, which pay 0.1% if you’re lucky.

There’s no limit on how much money you can keep in a Hybrid account, and unlike a rewards checking account, there are no minimum number of debit card purchases, online bill payments or other requirements to earn that rate. Click here to read more

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CD Bonus Boosts CIT Bank Customers

CIT Bank continues to promote CDs, at premium rates, to its current customers.

It’s displaying those “exclusive offers,” along with the usual personal account information, on each customer’s online banking page.

The customer sees the offers once he or she signs in. There’s even a link there to open a new account.

In my case (which I suspect is the same for everyone), there are offers to bump-up rates:

  • 0.05% on 1-year RampUp Plus CDs to 1.30% APY.
  • 0.08% on 2-year RampUp Plus CDs to 1.48% APY.
  • 0.10% on 5-year Jumbo CDs to 2.37% APY.

All of those rates exceed the best nationally available deals from the banks on our CD Rates Leaderboard but require significant minimum investments — $25,000 for RampUp Plus CDs and $100,000 for Jumbo CDs.

Emails from the bank state that savers “can open as many promotional accounts as you like” and indicate that IRA CDs are included. Click here to read more

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Navy Fed Adds Half-Point To June CDs

Navy Federal Credit Union is handsomely outranking the top national CDs across multiple terms with a limited-time promotion for Eastern-state savers.

Through the end of June, Navy Fed is allowing eligible members — new or existing, living in 15 states — to add 0.50% to any of the credit union’s standard CD rates.

The result is deals across all six of the terms we track on our CD Rates Leaderboard, outpaying the top national yields by up to half of a percentage point with a minimum $1,000 deposit (and more if you can bring $20,000 or $100,000 to the table).

In addition, Navy Federal’s promotion applies to its 9-, 18- and 48-month CDs, which become equally competitive but aren’t terms we track nationally. Click here to read more

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