bank rates

Highest CD Rates Roundup For Sept. 13

Bringing you the very best CD rates from credit unions and local banks.Quick, what do Dec. 21, 2011, and Sept. 13, 2013, have in common?

Answer: These are the most recent two dates – separated by 633 days – in which there were 10 banks offering nationally available CDs paying at least 1.90% APY.

We’ve seen an acceleration in recent days of banks boosting their 5-year CD rates. Six have increased their rates to at least 1.90% APY in September alone.

And we now also have six banks that pay at least 2.00% APY.

The last time that happened? Nov. 17, 2011.

On that date, iGObanking had the top offer on our CD Rates Leaderboard. It paid 2.25% APY.

iGObanking ( has the top rate today, too. The online division of Flushing Savings Bank in New York pays 2.05% APY with a $1,000 minimum deposit.

Since we last wrote about 60-month CDs, we’ve seen three other banks offer a top rate of 2% or better.

Today, we added the National Bank of Kansas City ( to that list. This Overland Park, Kan.-based bank last offered competitive rates in July 2012 – briefly. It pays 2.00% APY with a $5,000 minimum deposit.

This week, we also added State Farm Bank, the online bank of the insurance company (, which pays 2.00% APY with a $500 minimum deposit.

And EverBank ( increased its rate by a tenth of a percentage point to 2.01% APY with a $1,500 minimum deposit.

All of these moves add up to more anecdotal evidence of a thaw in frozen rates. Still no movement in average CD rates, though.

As for the highest CD rates from credit unions and local banks, this week we added three deals:

  • First Flight Federal Credit Union ( pays 1.50% APY on 23- to 24-month CDs and 1.25% APY on 15-month CDS with a $10,000 minimum deposit. This North Carolina credit union allows anyone to join by first becoming a member of the Capital Area Preservation Association, a nonprofit dedicated to historic preservation in Wake County, for $5.
  • Firelands Credit Union in Ohio ( pays 2.25% APY on 36-month CDs, 2.00% APY on 30-month CDs and 1.75% APY on 24-month CDs with a $500 minimum deposit. Membership is open to residents of certain north central Ohio communities.
  • GPO Federal Credit Union in Washington, D.C. ( pays 1.36% APY on 24-month CDs, 1.10% APY on 12-month CDs and 1.00% APY on 6-month CDs with a $25,000 minimum deposit. Most residents of the nation’s capital are eligible to join this credit union.

We had a few rate changes on our list this week.

First, Institution for Savings in Massachusetts cut its 40-month CD rate from 2.00% to 1.00% APY, but it added a 30-month CD that pays 2.00% APY with a $500 minimum deposit.

We also saw cuts from Fort Knox Credit Union, which had a nationally available 23-month CD and a 14-month CD, and Winchester Savings Bank in Massachusetts, which had a competitive 24-month CD.

We cut both institutions 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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