bank rates

Highest CD Rates Roundup For June 27

Bringing you the very best CD rates from credit unions and local banks.For the first time in more than a year, we’re tracking CD rates from, the online division of Florida-based Citizens State Bank.

The bank this week raised rates enough on three terms to make their certificates of deposit competitive.

With a $1,000 minimum deposit, pays:

  • 1.01% APY on 24-month CDs.
  • 1.25% APY on 36-month CDs.
  • 2.01% APY on 60-month CDs.

You can see how these offers compare with the other top nationally available bank offers we’re tracking for 2-year CDs, 3-year CDs and 5-year CDs.

There was just one other change this week among the offers we track for our CD rates Leaderboard. Doral Bank Direct nudged its 36-month CD rate up from 1.20% APY to 1.21% APY.

Once again, it was a relatively quiet week with just a few changes to our list of the highest CD rates from credit unions and local banks.

We added two offers to that list:

  • Kemba Credit Union ( in Cincinnati pays 2.00% APY on 42-month CDs with a $2,500 minimum deposit. Credit union membership is open to residents of 24 select counties in Ohio, Kentucky and Indiana, as well as people who work for one of the credit union’s more than 700 select employee groups.
  • Luther Burbank Savings in California ( pays 2.00% APY on 30-month CDs with a $1,000 minimum deposit. You must be a California resident and purchase this CD at a branch. Call before you go, as offers from this bank tend to vanish quickly.

We posted another new offer this week from Cape Ann Savings Bank in Massachusetts, a 2-year CD that paid 2.00% APY. Unfortunately, the bank quickly cut the offer.

We also saw further rate cuts from Northrop Grumman Federal Credit Union, which has trimmed rates slightly in each of the last four weeks on our list. These deals are available nationally. It now pays 1.46% APY on 36-month CDs (down from 1.47% APY) and 1.28% APY on 24-month CDs (down from 1.29% APY).

We removed offers from three institutions that made significant rate cuts:

Greater Nevada Credit Union cut its 48-month CD rate from 3% APY to 1.15% APY, its 36-month CD rate from 2.50% APY to 0.75% APY and its 18-month CD rate from 1.50% APY to 0.40% APY.

Mobiloil Federal Credit Union in Texas cut its 60-month CD rate from 2.53% APY to 2.02% APY, its 48-month CD rate from 2.12% APY to 1.77% APY and its 36-month CD rate from 1.76% APY to 1.31% APY.

Pilgrim Bank in Massachusetts cut its 48-month CD rate from 2.00% APY to 1.35% APY.

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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