bank rates

Highest CD Rates Roundup For Aug. 22

Bringing you the very best CD rates from credit unions and local banks.Here’s why XCEL Federal Credit Union’s 2%, 24-month CD rates were so enticing: These things are rare.

We’ve seen some fleeting local offers for a yield this high for this term – and even one nationally available one – in the last year.

But the last time there was a consistently available 2% offer to all savers was way back in November 2010.


That’s what made this New Jersey credit union’s offer so attractive. And that’s likely why the offer has already expired.

When we wrote about this deal earlier this week, we warned XCEL would pull the offer once it brought in $5 million in new deposits. The credit union has since ended the promotion.

That means we have just one new deal on our list of the highest CD rates from credit unions and local banks:

  • INOVA Federal Credit Union, with branches in California, Indiana and North Carolina (, pays 1.00% APY on 31-day CDs and 1.05% APY on 61-day CDs with a $200 minimum deposit. Credit union membership is open to all U.S. savers who first become a member of the Elkhart River Restoration Association, which protects and preserves Indiana’s Elkhart River, or TruDirection, a nonprofit dedicated to financial literacy.

For the second consecutive week, there were no changes to existing deals on our list.

We did see a few changes among the banks we’re tracking for our CD Rates Leaderboard.

The most noteworthy changes came from Discover Bank, which boosted rates in a number of terms, and EverBank, which nudged its 2-year offer high enough to tie for the best nationally available bank deal.

And remember, 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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