bank rates

Highest CD Rates Roundup For Sept. 20

Bringing you the very best CD rates from credit unions and local banks.Five-year Treasury yields have collapsed from their two-year highs, dipping a bit earlier in the week and then plummeting after the Federal Reserve said it would continue its extraordinary efforts to prop up the economy.

So far, the Fed’s surprise announcement has had no effect on the best nationally available CD rates.

In fact, one bank raised rates this morning, giving us the highest-paying 12-month certificate of deposit on our CD Rates Leaderboard since March.

E-Loan (, an online division of Banco Popular North America, pays 1.10% APY on 12-month CDs with a $10,000 minimum deposit. That yield represents a rate boost of nearly three-tenths of a percentage point for this bank.

There’s just one national offer on our list of the highest CD rates from credit unions and local banks that tops the E-Loan deal. There are a handful of local deals that offer a better return, too.

First Flight Federal Credit Union pays 1.25% APY on its special 15-month CDs. This credit union is easy for anyone to join.

We added three deals to our list this week:

  • Bayer Heritage Federal Credit Union ( pays 2.15% APY on 60-month CDs and 1.89% APY on 48-month CDs with a $500 minimum deposit. Credit union membership is open to residents of areas of Ohio, South Carolina and West Virginia as well as employees of Bayer Corp.
  • MidFirst Direct ( pays 2.25% APY on 60-month CDs and 1.75% APY on 48-month CDs with a $1,000 minimum deposit. Residents of 11 states – Arkansas, Arizona, California, Florida, Missouri, Nevada, New Hampshire, New York, Oklahoma, Texas or Wyoming – can purchase certificates of deposit from this online division of Oklahoma City-based MidFirst Bank.
  • Ukrainian Selfreliance Federal Credit Union in Pennsylvania ( pays 2.15% APY on 60-month CDs with a $500 minimum deposit. Credit union membership is open to a number of ethnic groups, religious groups and employers in the Philadelphia area.

There’s just one rate change on our list to report.

Bank of Utica ( in New York state boosted its 48- and 60-month CD rates. Its 4-year CD now pays 2.15% APY, up from 2.00% APY. Purchase a 5-year CD and you’ll earn 2.40% APY, an increase of one-tenth of a percentage point.

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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