bank rates

Highest CD Rates Roundup For April 5

Bringing you the very best CD rates from credit unions and local banks.The new month has brought no changes on our CD Rates Leaderboard, but there has been a significant number of cuts from local banks and credit unions on our list of the highest CD rates.

This week, we saw cuts at 11 institutions and an increase at just one among the deals we’re tracking.

We’ll get to all the carnage in a bit, but first let’s look at the new deals we added this week:

  • Chemcel Federal Credit Union (www.chemcel.org) in Texas pays 2.00% APY on 60-month CDs with a $25,000 minimum deposit. Membership is open to residents of Kleberg and Nueces counties.
  • State Bank of Southern Utah (www.sbsu.com) pays 2.02% APY on 60-month CDs with a $500 minimum deposit. Certificates of deposit can be purchased by anyone, but you must do so at one of 13 branches in Cedar City, Circleville, Hurricane, Kanab, Orderville, Parowan, Richfield, Santa Clara, St. George and Tropic.

We’ve removed the following deals from our list:

  • Alamo Federal Credit Union in Texas cut 84-month CD rates from 2.38% APY to 1.95% APY and 60-month CD rates from 2.02% APY to 1.75% APY.
  • Collins Community Credit Union in Iowa cut 60-month CD rates from 2.07% APY to 0.80% APY.
  • Jefferson Financial Federal Credit Union and its sister institution Main Street Financial Federal Credit Union in Louisiana cut 60-month rates from 2.25% APY to 1.51% APY; 36-month rates from 1.75% APY to 1.11% APY; and 24-month CD rates from 1.50% APY to 0.90% APY.
  • One Source Federal Credit Union in Texas cut its 60-month rates from 1.92% APY to 1.76% APY.
  • Pentagon Federal Credit Union cut its nationally available 36-month CD rates from 1.60% APY to 1.20% APY and its 24-month CD rates from 1.35% APY to 0.99% APY.
  • San Antonio Federal Credit Union in Texas cut its 84-month rates from 2.05% APY to 1.95% APY.
  • State Department Federal Credit Union in Washington, D.C., cut its 60-month rates from 1.91% APY to 1.76% APY.
  • Sb1 Federal Credit Union in Philadelphia ended its 37-month, 1.60% APY deal.
  • Warren Federal Credit Union in Wyoming cut its 60-month CD rates from 2.06% APY to 1.85% APY.
  • University of Iowa Community Credit Union cut its 49- to 60-month CD rates from 2.15% APY to 1.85% APY.

There were also a few institutions that cut rates — but not far enough to warrant removing them from our list:

  • General Electric Credit Union in Ohio cut its 60-month CD rates from 2.33% APY to 2.03% APY.
  • Suntide Credit Union in Texas cut 24-month CD rates from 1.90% APY to 1.85% APY and 6-month CD rates from 1.25% APY to 1.10% APY.
  • University of Iowa Community Credit Union cut 37-48 month rates from 2.00% APY to 1.60% APY.

And finally, Doral Bank in New York raised its 6-month CD rate from 0.89% APY to 1.00% APY.

Whew. We’re done.

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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