bank rates

Highest CD Rates Roundup For August 1

Bringing you the very best CD rates from credit unions and local banks.CSBdirect’s push to the top of our 24-month national rankings was the biggest savings news this week.

The online division of Citizens State Bank, which has branches in in four north Florida towns, raised its return from 1.01% APY to 1.26% APY with a very reasonable $1,000 minimum deposit.

When EverBank lowered its rate from 1.26% APY to 1.25% APY today – I have no idea why banks make changes like that – CSBdirect became the sole leader.

Beyond that, it seemed the week was dominated by new or better odd-term deals across the country.

The most exciting addition to our list of the best CD rates at credit unions and local banks came from little Darien Rowayton Bank.

The three-branch Connecticut bank made a couple of odd-term specials – 17 months at 1.50% APY and 45 months at 1.75% APY – available to savers nationwide. Both offers require deposits of new money.

That’s considerably higher than the best nationally available 12- and 36-month returns you’ll find on our CD Rates Leaderboard.

Frankenmuth Credit Union also had a couple of good odd-term deals for its 28,000 members in central Michigan – 21 months at 1.51% APY and 37 months at 2.00% APY. The 21-month rate is for new money only.

USAmeriBank raised the rate on its 14-month special for Tampa savers from 1.15% APY to 1.20% APY.

Third Federal Savings & Loan reduced the return on its 29-month CDs from 1.50% APY to 1.35% APY.

But that’s still a good nationally available deal considering that the top nationally available return for 24-month certificates of deposit is 1.26% APY, as we mentioned above.

The only disappointing update we have for you is that Kemba Credit Union in Cincinnati allowed its 42-month special to expire.

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