bank rates

Highest CD Rates Roundup For May 16

Bringing you the very best CD rates from credit unions and local banks.As we mentioned in an earlier post, it’s been nearly three years since a nationally available bank deal paid 3% APY.

But some savers can still grab yields that good.

You just have to be lucky enough to qualify at the couple of institutions that pay 3% that are on our list of the highest CD rates. One offers this rate to residents of Maryland and Pennsylvania; the other to savers with a military affiliation.

(Don’t forget to read the post mentioned at the top and cast your vote for when we’ll see the next nationally available 3% offer.)

This week, we added two deals to our list; neither, unfortunately, pays 3%:

  • Howard Bank ( in Maryland pays 1.50% APY on 24-month CDs with a $10,000 minimum deposit. You have to be a Maryland resident to buy these certificates of deposit and do so at one of the bank’s eight branches.
  • Susquehanna Bank (, with branches in Maryland, New Jersey, Pennsylvania and West Virginia, pays 1.20% APY on 18-month CDs with a $2,500 minimum deposit. You must live in one of those four states to buy this CD.

There were just two changes this week to existing deals on our list.

Cornerstone Community Financial Credit Union in Ohio discontinued its 14-month CD special; HomeBanc in Florida ended its 3-month CD special.

Both offers have been removed from our list.

You’ll find 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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