bank rates

Take Home 1.27% On 11-Month CDs In The Great Lakes State

Community Choice Credit Union is offering millions of Michigan savers on both sides of the state, as well as employees and retirees of some large Michigan companies, a chance to earn a top rate.

The credit union is paying 1.65% APY on 23-month certificates, competing nicely with the best nationally available 24-month yield of 1.60% APY.

Take a look through Bankrate’s extensive database of the day’s best CD rates, and you’ll see how hard it is to outearn that yield in under two years.

Membership in Community Choice is open to savers who live or work in nine counties surrounding Detroit and three counties around Grand Rapids.

Community Choice’s membership net is cast even wider to include any employee or retiree of General Motors, AmTrak, Kelly Services or Conrail. Click here to read more

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Synchrony Bank CD Rates Are Worth Considering

Woman holding up a piggy bank with money coming out of it.The recent rate hike by the Fed has a number of banks and credit unions increasing their rates, and Synchrony Bank CD rates are no exception.

The bank recently bumped up its rate on 5-year CD rates by a whopping 30 basis points.

It’s now offering 2.25% APY on a 5-year CD with a minimum deposit of $2,000, or 2.30% APY for a minimum deposit of $25,000. The national average 5-year CD pays just 0.88% APY.

That puts Synchrony in the lead with Capital One Bank, both topping the charts of the best 5-year CD rates. Click here to read more

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Best National Savings Accounts for March 2017

Hand grabbing money out of a jar

At the top of the list of the best national savings account for March 2017 is Palladian PrivateBank with a bonus offer, which is paying 1.30% APY for the first six months after you open your account. After the promotional period ends, the rate returns to the regular rate, which currently is 0.90% APY. That gives you a combined annual return of 1.10%.

After that, you can pick up a cool 1.25% from Pure Point Financial. But you’ll have to fork out a hefty $10,000 upfront to earn that rate.

Click here to read more

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Granite CU Offers Tough-To-Beat Deals in Utah

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

It’s paying 2.50% for a 5-year term, which is nearly a quarter of a percentage point higher than the top nationally available 5-year return of 2.30%.

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 These Banks Offering Bump-Up CD Promotions

piggy-bank-red-bowWhen markets expect interest rates to move up, bump-up CD promotions start to become more popular.

And since the Fed recently raised its benchmark interest rate, we’re seeing a few more these days.

Indeed, we have some banks on our radar.

Remember, you can always find the best deals in your area by checking our chart of the best CD rates.

Here are four banks currently offering bump-up CD promotions:

Banks Currently Offering Bump-Up CD Promotions
Bank Term Base Rate APY
Ally Bank  2-year, 4-year 1.30%, 1.40%
Cornerstone Bank 17-month 1.50%
New Buffalo Savings Bank 2-year 1.75%
American United FCU 3-year 2.00%

Click here to read more

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Capital One 360 CD Rates Are Worth Another Look

Capital One 360 logoCapital One recently gave a boost to four of its CDs.

Now the bank is offering some of the best national deals on 18-, 24- and 60-month CD rates.

Its 5-year CD saw the biggest increase, rising 30 basis points to 2.30%. That takes the lead among national banks offering 60-month CDs.
Click here to read more

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Popular Direct Offers Eye-Catching CD Rates

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Popular Direct is offering some very competitive CD rates right now.

Entering the scene last year, it offers a menu of CDs and a simple savings account.

Popular Direct is the newer offspring of Banco Popular North America, which is the U.S. subsidiary of Puerto Rican bank Popular Inc.

Popular Inc.’s bricks-and-mortar U.S. presence is Popular Community Bank, which operates almost 50 branches in New York, New Jersey and south Florida.

If that rings any bells, it’s because Banco Popular also owns E-Loan, and we wrote about both of them extensively in the summer of 2015 when E-Loan dramatically raised its rates at the same time that Puerto Rico defaulted on its debt (the two events were unrelated, as you can read here).

Popular Direct is currently offering CD rates on a range of terms that beat out the top banks in our national CD rankings. Click here to read more

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Michigan Deal: Earn 1.46% On 18-Month CDs

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Within our constantly updated roundup of the nation’s best-paying local and regional CDs is a Great Lakes credit union with a great rate deal.

Michigan One Community Credit Union is paying 1.46% APY on 18-month certificates of deposit, with a minimum $1,000 investment.

With the top nationally available 2-year offer from the banks on our CD Rates Leaderboard standing at 1.50% APY, Michigan One’s shorter term offers an edge.

Anyone who lives or works in Michigan’s Barry, Clinton, Eaton, Gratiot, Ionia, Kent and Montcalm counties can join the credit union.

In addition, those with a family member living in those counties can join, even if the originally eligible person hasn’t joined Michigan One.

The one caveat is that customers new to Michigan One must open their account in person at one of four branches, located in Ionia, Carson City and Greenville.

To find your best deal whenever you’re rate shopping, be sure to visit Bankrate’s extensive database of the day’s best CD yields. Click here to read more

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Earn 1.30% On 7-Month To 27-Month CDs In Two Markets

Not many would guess that Iowa’s largest bank also serves customers in Phoenix, but Bankers Trust Company is offering the same great CD deal in both markets.

It’s paying 1.30% APY on a pick-your-term certificate ranging from 7 to 27 months.

Compared with the top nationally available 12-month return of 1.30% APY from the banks on our CD Rates Leaderboard, the Bankers Trust deal is best at the shortest end of the range, where it handily beats the 1.05% APY you can earn from the top national 6-month CD.

Of course, it’s always prudent to check Bankrate’s extensive database of the day’s best CD rates in the country before committing to any certificate, but a 7-month yield of 1.30% APY won’t easily be outdone.

The rate can be improved even more for those willing to do additional business with Bankers Trust, with four relationship tiers offering CD rate boosts of up to 0.10%.

Bankers Trust certificates of deposit require a $1,000 minimum investment and must be opened at one of its 14 branches in central and eastern Iowa or its three branches in Phoenix and Sun City West, Arizona.

For dozens more local and regional deals like this one, be sure to visit our constantly updated roundup of the country’s top-paying credit union and community bank CDs. Click here to read more

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