bank rates

PenFed Is Offering Some Of The Best CD Rates In The Country

Pentagon Federal Credit Union still remains on our list as offering some of the top CD deals available in the country.

Available to savers everywhere for a minimum $1,000 deposit, PenFed has raised returns on its CDs enough to compete, or in some cases beat out, the best nationally available CDs.

While the credit union weaves in and out of the lead across the board on CD terms, one thing that makes PenFed stand out is its rate consistency. It’s rarely far from the leader on any given CD term.

You can compare those terms from PenFed to the top yields from the banks on our CD Rates Leaderboard. Click here to read more

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KS StateBank Pays Top Deals On Jumbo CDs Nationwide

Don’t let the Kansas name fool you – KS StateBank‘s certificates of deposit are available nationwide.

And it’s offering top rates on jumbo CDs.

It’s currently paying 3.35% APY on a 5-year jumbo. That beats the lead for non-jumbo CDs, Citizens Access, by nearly a quarter of a percentage point. And the average 5-year CD is paying just 1.45% APY.

Of course, in this rising-rate environment you may want to choose a shorter-term CD, like a 1-year, so you can consistently take advantage of higher rates.

Fortunately, all of KS StateBank’s jumbo CDs are paying 2.75% APY or above.

Click through on this post to see its full list of CDs.

Click here to read more

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Granite CU Offers Tough-To-Beat Deal On 5-Year CDs in Utah

piggy-bank-red-bow

For savers in Salt Lake County, some of the best yields come from Granite Credit Union.

It’s paying 3.50% for a 5-year term, which is beating out the top nationally available 5-year return by more than a quarter of a percentage point.

Granite is also offering a solid promo rate on 18-month CDs — 2.75% APY.

Of course, it’s always wise to check Bankrate’s extensive database of the day’s best CD rates before locking in any certificate.

But if you’re in Salt Lake County, Granite is certainly offering some of the best deals around.

Here’s what the Granite Credit Union is paying on CDs:

Click here to read more

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Check Out Navy Federal Credit Union’s 12-Month CD Special

Navy Federal Credit Union is currently offering a 12-month CD special that’s certainly worth checking out. It’s a bonafide winner for military-affiliated savers across the country, as well as their families.

Navy Fed is currently paying 3.50% APY on special 12-month certificates, with a minimum $50 deposit.

Compare that with the 2.70% APY you can earn from the top nationally available 1-year certificate or the 5-year term it takes to earn the same 3.50% APY.

The one catch is that this certificate has a maximum investment of $3,000.

Membership in Navy Fed is open to savers who are affiliated in any way with the Armed Forces, the U.S. Department of Defense or the National Guard. This includes regular active duty and reservists in the Army, Navy, Air Force, Marine Corps and Coast Guard, as well as Army and Air National Guard personnel.
Click here to read more

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Capital One 360 Is Offering Some Of The Best CD Rates Around

Capital One 360 logoCapital One 360 at it again, offering some of the best nationally available CD deals.

For months, the banking arm of the company known for its credit cards has been paying extremely competitive rates on nearly every term.

Currently, it’s 5-year CD stands out from the pack, paying 3.10% APY with no minimum deposit requirement.
Click here to read more

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BMO Harris Is Offering Very Attractive Promo CDs Right Now

man in suit with calculator, cd rates

“The biggest banks have the best CD rates,” said no one ever.

That’s because the deposit rates offered by the top 25 banks are generally far worse than competitive.

So we take notice when a gigantic bank begins offering certificates of deposit with anything even resembling a competitive yield, and this month, BMO Harris Bank has gotten our attention.

Based in Chicago, BMO Harris is the 25th-largest bank in America by total assets, operating more than 600 branches across the nine states of Florida, Illinois, Washington, Arizona, Indiana, Missouri, Wisconsin, Minnesota and Kansas.

Until a couple of years ago, its CD rates were as pitiful as those at virtually every other megabank. But it’s been going strong so far this year.

BMO Harris offers an array of three promotional CDs with a $5,000 minimum deposit:

  • 2.65% APY on 18-months
  • 3.00% APY on 30-months
  • 3.50% APY on 60-months

Click here to read more

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EverBank Offers Top Nationally Available Deals on 1-, 3- And 4-Year CDs

EverBank is showcasing some very worthwhile CD rates this month. The bank has recently bumped up its rates on a number of terms.

Those increases push the Jacksonville-based bank into the top nationally available deals for 1-, 3- and 5-year CDs.

It’s currently paying:

  • 2.73% APY on 1-year CDs.
  • 3.05% APY on 36-year CDs.
  • 3.15% APY on 48-month CDs.

The minimum deposit for all of those deals is $5,000.

If you can’t swing that minimum, look for other great deals from banks like Marcus or Connexus Credit Union, which are offering comparable deals on those terms.

Click here to read more

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Connexus Credit Union Offers National CD Deals You Shouldn’t Miss

It might not be a national bank, but Connexus Credit Union is so easy to join it might as well be.

By making a one-time $5 donation to Connexus’ charitable association, anyone nationwide can become a member of the Wisconsin credit union, and now is as good a time as any given its current crop of CD specials.

In fact, it’s one of the few institutions we’ve seen that’s offering 4.00% APY on a 5-year CD. And deals on its other terms are just as attractive.  Click here to read more

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CIT Bank Savings Account: Bookmark This Deal

CIT Bank savings

If you’re in the market for a savings account, this is a deal you’ll want to bookmark. CIT Bank’s new savings offer is tough to beat.

It’s paying 2.15% APY with a $100 minimum on balances up to $250,000.

The only savings deal that currently beats it is from Citizens Access, which is paying 2.25% APY.

Indeed, banks are starting to compete for the best rates, and that’s great news for savers.

You can check out our monthly roundup of the best savings accounts for more options and opportunities.

With the national average savings account rate at a dismal 0.09%, this deal from CIT Bank is certainly better-than-average.

RATE SEARCH: Compare the best savings account rates.

Click here to read more

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Freedom Credit Union’s 30-Month CD Is Worth A Look

woman with a magnifying glass

Freedom Credit Union is offering a hot new deal for mid-term CD shoppers.

Paying 2.90% APY on 30 months, the credit union’s yield beats the best 3-year return you can find on our CD Rates Leaderboard of nationally available bank certificates.

With a name like Freedom, the credit union is unsurprisingly based in the Philadelphia area. Click here to read more

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University Of Iowa CU Is Offering A Slam Dunk On 7-Month CDs

Once again, University of Iowa Community Credit Union is offering a top CD to savers in Iowa and Illinois and those affiliated with the university.

The latest promotion from Iowa’s largest credit union is a 7-month certificate paying 2.10% APY with a $1,000 minimum.

The deal gets even sweeter for savers who can pony up more, with deposits of $10,000 to $99,000 earning 2.20% APY and deposits of at least $100,000 earning 2.30% APY. In addition, any Hawkeye alumni, staff or students can become members.

Searching through Bankrate’s extensive database of the day’s best CD rates will show how hard this rate is to beat. Click here to read more

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CommunityWide FCU Offers Can’t-Miss Nationwide 6-Month CD Deal

Our roundup of the country’s best credit union and community bank CDs is typically full of local and regional deals that outdo the best nationally available bank yields.

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But we’ve recently found a new credit union CD that anyone in the country can open – and it’s worth a look because it beats virtually every nationwide 6-month certificate out there.

The newsmaker is CommunityWide Federal Credit UnionFor a $2,000 minimum deposit, it’s offering the top 6-month CD in the country right now, paying 2.30% APY.

That easily outperforms the top nationally available bank return on our CD Rates Leaderboard of 2.00% APY for a 6-month CD. And it’s well above the national average of 0.44% APY for 6-month CDs.  Click here to read more

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Check Out These Attractive CD Rates From Sallie Mae

If you’re shopping for a CD, short-term or long, Sallie Mae is offering some great deals.

But that should come as no suprise.

Sallie Mae is often near the head of the pack when it comes to showcasing the best CD rates.

And while it’s not currently the leader on any single term, its rates are highly competitive.

It’s nice to see banks competing like this. We’re finally getting back to a place where returns are valuable for savers.

But we’re not quite there just yet.

The average 1-year CD pays just 0.77% APY, while the average 5-year CD pays just 1.33% APY.

Fortunately, there are bunch of banks paying around two or three times those average rates, including Sallie Mae.

Remember, it’s always important to compare the best CD rates before you purchase.

Click here to read more

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Check Out These Eye-Popping CD Rates From TIAA Bank

TIAA Bank CDs

TIAA Bank has been dominating the rankings on short- and long-term CDs recently. If you’re looking for a great CD rate, and you’re not sure where to turn, chances are TIAA has a product that will pique your interest.

Indeed, it’s consistently leading our list of the top-paying nationally-available CDs.

It helps that the bank has to compete in this rising-rate environment.

Overall we’ve seen hefty increases on nearly all terms this month, providing some hope that CD returns are finally heading back to a place where they’ll be valuable for savers.

But we still have a long road to back to the returns we saw pre-recession.

The average 5-year CD pays just 1.33% APY.

Fortunately, TIAA Bank is offering more than twice that average on 5-years — 3.10% APY with a $5,000 minimum deposit to open.

Of course, it’s always crucial to compare the best CD rates before you purchase.

Click here to read more

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ableBanking Is Offering A Great Money Market Account Rate

Six one-hundred dollar bills and a green backgroundableBanking is offering one of the best money market account deals in the nation right now.

It recently increased its rate to 1.85% APY.

The only bank we’ve found offering a matching rate is Capital One 360, which is also paying 1.85% APY.

There’s a $250 initial deposit to open the ableBanking account and a $250,000 maximum, but there’s no minimum or maximum balance to maintain the account. There’s also no monthly maintenance fee.

While ableBanking is currently offering one of the best nationally available deals, it’s still important to comparison shop.

Before you decide to open an account, make sure to check out the nation’s leading money market account rates.

Click here to read more

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