bank rates

Highest CD Rates Roundup For April 12

Bringing you the very best CD rates from credit unions and local banks.The federal government this week released a bunch of new data on unemployment rates across metro areas.

Congratulations Midland, Texas.

Your 3.2% unemployment rate is the lowest in the country and less than half the national average of 8.1%, not seasonally adjusted.

If any place has enough loan demand to fuel banks’ and credit unions’ demand for deposits, surely it’s a community where 97% of its workforce is gainfully employed.

Chart showing the 10 cities with the lowest unemployment ratesNot that I could find it.

I searched the websites of local banks and credit unions, and sure enough there were a couple of offers that just edged out the top deals on our CD Rates Leaderboard.

But nothing that really stood out.

Same goes for the checks I did in many of the other communities with the lowest unemployment rates.

If you live in one of these towns (see the full list to the right) and you’ve spotted a great deal I missed, let me know.

Otherwise, it appears that not even a robust local economy can overcome the efforts of the Federal Reserve to drive down interest rates.

This week, we added two deals to our list of the highest CD rates from credit unions and local banks:

East River Bank ( in Pennsylvania pays 1.15% APY with a $500 minimum deposit on 12-month CDs. You don’t have to be a resident of Pennsylvania to buy one of East River Bank’s certificates of deposit, but you have to do so in person. There are three locations in the Philadelphia neighborhoods of East Falls, Old City and Roxborough.

Providence Bank ( in North Carolina pays 1.15% APY with a $1,000 minimum deposit on special 15-month CDs. You don’t have to be a resident of North Carolina to buy one of Providence Bank’s certificates of deposit, but you have to do so in person. There are three branches: Two in Rocky Mount, on Sunset and Winstead avenues, and a third on Main Street in Tarboro.

One credit union on our list made a noteworthy increase on some of its certificates of deposit.

Suntide Credit Union in Corpus Christi, Texas, which just last week cut its rates, boosted its 24-month CD from 1.85% APY to 2.15% APY. (That’s well more than the best nationally available 60-month bank CD pays.) It also increased its 12-month CD rate from 1.50% APY to 1.75% APY.

Suntide cut its 6-month rate from 1.10% APY to 1.05% APY.

There were a number of other cuts to mention as well.

We removed the following deals from our list:

  • Beacon Credit Union in Indiana, which cut its 34-month deal from 1.51% APY to 1.41% APY.
  • Hiway Federal Credit Union in Minnesota, which cut its 60-month CD rate from 1.90% APY to 1.75% APY.
  • Holy Rosary Credit Union in New Hampshire, which cut its 60-month CD from 1.90% APY to 1.75% APY.

First Federal Credit Union in Iowa cut its 60-month CD rate from 2.16% APY to 1.85% APY. That offer is good enough to remain on our list. However, this credit union also cut its 36-month rate from 1.51% APY to 1.10% APY.

We’ve removed that deal.

You’ll find all the top-paying deals clearly marked on our highest CD rates page, showing where they are available, with a quick link back to the original post, which includes more information on the institution and its requirements.

We’ll update this page weekly, so you’ll always know what great deals are out there from credit unions and local banks.

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Comments (1)
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One Existing Comment
  1. A.Bundy said:
    on April 14th at 02:03 am

    once your unemployment insurance runs out, then you fall out of their statistics bracket and are no longer counted. I am willing to bet their unemployment rates are three times higher than what they state.