bank rates

Highest CD Rates Roundup For Aug. 15

Bringing you the very best CD rates from credit unions and local banks.Banks lost interest this week in fidgeting with their CD rates. Even EverBank!

In fact, just two of the dozens of banks we’re monitoring for our CD Rates Leaderboard changed their rates. Both were increases.

Nationwide Bank, the online bank of the insurance company, boosted rates in three terms. It raised 24-month CDs to 1.22% APY from 1.10% APY, 36-month CDs to 1.37% APY from 1.21% APY and 60-month CDs to 2.05% APY from 1.95% APY.

Even with the increases, Nationwide’s yields trail at least six other banks in each of those terms.

Another online bank, Ally Bank, increased its rates, as well. It raised 12-month CDs to 1.00% APY from 0.95% APY and 24-month raise-your-rate CDs to 1.19% APY from 1.10% APY.

Those offers also trail numerous other banks.

The absence of yield-tinkering extends to the credit unions and local banks on our list of the highest CD rates. There were no changes.

We can’t remember a week when not one of these institutions raised or lowered an offer.

We did, however, add two new deals to our list:

  • Lower Valley Credit Union in Washington State (www.lvcu.org) pays 1.81% APY on 36-month CDs with a $500 minimum deposit. Credit union membership is available to all Washington residents.
  • TruMark Financial Credit Union pays 2.35% APY on 60-month CDs, 2.00% APY on 48-month CDs and 1.50% APY on 36-month CDs all with a $500 minimum deposit. Credit union membership is available to residents of Bucks, Chester, Delaware, Montgomery and Philadelphia counties.

We’ll update our page listing the highest CD rates weekly, so you’ll always know what great deals are out there from credit unions and local banks.


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