bank rates

Highest CD Rates Roundup For Oct. 25

Bringing you the very best CD rates from credit unions and local banks.U.S. Treasury yields have steadily fallen over the last month, and it looks like the Fed isn’t going to begin its exit from the economy-stimulating business for a bit longer.

Meanwhile, average 5-year CD rates continue to bump along near their record lows, falling slightly this week in our national survey of banks and thrifts.

But the best nationally available certificates of deposit have held up OK so far.

The top deal available to all savers pays as much today as it did at the start of the month (although down slightly from its October high).

And we added one new bank that pays 2% APY to our rankings this week, while another member of the club increased its yield (GE Capital bumped its rate from 2.00% APY to 2.01% APY).

On Wednesday, BBVA Compass began offering 12-, 24- and 60-month CDs online to savers in all 50 states. This bank with more than 700 branches in seven states isn’t offering competitive rates in the 12- and 24-month terms.

But the 60-month CD pays 2.00% APY with a $500 minimum deposit (

Seven banks continue to offer a nationally available deal that pays at least 2% APY. EverBank fell from that list today, as it cut its offer to 1.96% APY.

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

  • Bridgewater Savings ( in Massachusetts pays 2.00% APY with a $2,000 minimum deposit on 48-month CDs. You have to be a resident of Massachusetts to buy these certificates of deposit, which must be purchased at the one of the bank’s eight Boston-area branches.
  • HAB Bank offers different rates at its banks in three states. With a $1,500 minimum deposit on its 12-month CD it pays 1.15% APY at its California branches and 1.10% APY at its New Jersey and New York branches. You must purchase these CDs in person.

There’s just one rate cut to report this week. New York’s Montauk Credit Union cut rates by a quarter percentage point this week, but they’re still good enough to remain on our list. The 60-month CD now pays 2.25% APY, the 36-month CD pays 1.50% APY and the 24-month CD pays 1.25% APY.

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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