bank rates

Highest CD Rates Roundup For March 15

Bringing you the very best CD rates from credit unions and local banks.We’ve hit a flat spot. Let’s call it the bottom.

We looked at the best nationally available CD rates since the middle of last summer across four terms: 12 months, 24 months, 36 months and 60 months.

Since that time, the top deals in those terms have held fairly steady. At most, the rates have fluctuated by about a tenth of a percentage point.

And in three of the four terms, the rate is higher today than it was in July 2012.

Let’s call this progress.

Sure, it’s hard to subtract nothing from nothing. But, as least with the best CDs in the country, let’s hope we’ve seen the worst.

And things look downright rosy on our CD Rates Leaderboard when compared with the average CD rates across those terms in the same time period.

They continue to fall, according to our survey of major banks, with the average 60-month rate down by nearly a third of a percentage point in the last eight months.

Which shows many places aren’t done cutting, even as they get closer to 0%.

Let’s move on to the highest CD Rates from credit unions and local banks. This week we added one deal to our list:

  • Everett Co-operative Bank (www.everettbank.com) in Massachusetts pays 2.00% APY with a $500 minimum deposit on 44-month CD rates. You have to buy these certificates of deposit in person at Everett Co-operative Bank, which has a single office at 419 Broadway in Everett, just north of Boston.

We also removed a bunch of 36- and 60-month certificates of deposit deals that no longer beat our Leaderboard rates. This comes as The National Republic Bank of Chicago boosted its 3-year deal to 1.51% APY and its 5-year deal to 2.02% APY available to savers everywhere.

There were a couple of rate cuts to note, as well.

San Antonio Federal Credit Union trimmed its 120-month CD rrom 2.45% APY to 2.40% APY and its 84-month CD from 2.20% APY to 2.15% APY.

And Security Service Federal Credit Union cut 60-month rates, which vary by location. In Denver, the yield fell to 1.65% APY; in Salt Lake to 2.05% APY and in San Antonio to 2.00% APY.

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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