bank rates

Highest CD Rates Roundup For Feb. 8

Bringing you the very best CD rates from credit unions and local banks.The top nationally available 5-year bank CD fell back below 2% APY this week.

But every saver — yes you — can still find certificates of deposit that pay at least this much.

Our list of the highest CD rates from credit unions and local banks includes deals that pay better than you’ll find on our CD Rates Leaderboard.

When the top 60-month CD on the Leaderboard hit 2.05% APY in early January, we kicked a bunch of 2% deals off our list. Now that the top bank deal for savers has fallen to 1.95% APY, we’ve added back 18 deals to our list.

Those freshly reinstituted offers include a couple of deals available to anyone in the U.S.

Of course, there are some long-standing local deals that pay as much as 2.50% APY on a 60-month CD.

Along with the existing deals we’ve brought back, this week we added two new deals to our list:

  • Connexus Credit Union ( pays 1.75% APY on its 36-month CD with a $10,000 minimum deposit and an active checking account. Its 2%, 5-year-deal was among the offers we brought back to the list this week. Credit union membership is open to anyone who joins the Connexus Association, which supports educational and charitable efforts. A donation of $5 or more will get you into the association, and a $5 deposit in a savings account is required to join the credit union.
  • Doral Bank ( in New York City pays 1.15% APY on 12-month CDs, 1.40% APY on 24-month CDs and 1.55% APY on 36-month CDs with a $500 minimum deposit. These certificates of deposit are only available at the New York City branches and have to be purchased in person. Those branches are in Midtown and on Park Avenue South.

We saw just a few changes on the list this week.

University of Iowa Community Credit Union dropped its 21-month CD deal, but it added a better one: A 19-month special CD that pays 1.75% APY with a $1,000 minimum deposit.

We also saw cuts from Charles Street Community Federal Credit Union and Beacon Credit Union, both in Indiana, One Source Federal Credit Union in Texas and New Mexico and Quabbin Online Credit Union in Massachusetts.

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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