bank rates

Highest CD Rates Roundup For July 18

Bringing you the very best CD rates from credit unions and local banks.May was the most active month of the year for CD rate changes among the top nationally available deals. There were a whopping 52 rate changes among the six terms we track.

But June and July (so far) have been stable in comparison, with just 35 rate changes over the last seven weeks.

The most recent comes from EverBank, which this morning cut its 12-month CD rate from 1.10% APY to 1.01% APY, meaning it no longer shares the lead offer for that term on our CD Rates Leaderboard.

That comes just two days after we welcomed iGObanking back to our rankings when it increased its 12-month CD rate to 1.05% APY. As always, you can follow the daily changes to our list of the best 12-month CD rates.

As for the highest CD rates from credit unions and local banks, this week we added two deals to our list:

  • Bay Ridge Federal Credit Union in Brooklyn ( pays 1.01% APY on 6-month CDs, 1.25% APY on 12-month CDs, 1.50% APY on 24-month CDs, 1.75% APY on 36-month CDs and 2.00% APY on 48-month CDs — all with a $20,000 minimum deposit. Anyone who lives in the New York metropolitan area can join this credit union by first joining the Brooklyn Consumer Federation, which costs $10.
  • Sun Community Federal Credit Union in California ( pays 1.11% APY on 6-month CDs with a $500 minimum deposit. Credit union membership is open to Imperial County residents.

There were just two credit unions that made changes to existing deals.

Northrop Grumman Federal Credit Union made yet another rate cut (the sixth time in the last two months). As a result, we no longer track this credit union’s 24-month and 36-month CDs.

NavyArmy Community Credit Union also cut rates. Its 24-month CD now pays 1.30% APY, down from 1.40% APY. That offer still remains on our list, but we’ve removed the 6- and 12-month CDs, which also were lowered.

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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