bank rates

3-Year CD Rates Roundup: Earn 2.01% Nationally

The top return among national 3-year CDs has been moving up lately. In fact, rates on 3-year CDs are around a quarter of a percentage point higher than they were at this time last year.

Now you can earn 2.01% APY from M.Y. Safra Bank. You can also earn 2.00% APY from two different banks — Everbank and Connexus Credit Union.

But while there are several nationally-available deals worth a look, the case is as strong as ever for mid-term CD shoppers to capitalize on chart-topping rates from the country’s best-paying credit unions and community banks.

Indeed, we’ll tell you where to find local deals that beat the national leader.
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6-Month CD Rates Roundup: Top National Deal Pays 1.37%, Local Pays 1.74%

A single bank, First Internet Bank of Indiana, leads all competitors. It’s paying 1.37% APY on nationally available 6-month certificates.

That’s more than a tenth of a percentage than the runner-up, Pacific National Bank, is paying.

As always, shopping locally may earn you more from a credit union or community bank. We know of at least one local deal that’s out-paying the national leader, offering 1.74% APY.
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6 Safe Places to Invest Your Money

It might be tempting at times to dig a hole in your backyard and bury your savings, even when the stock market is on a rally. But if you pick safe places to invest your money, you’ll know at all times how it’s performing for you.

Here’s a list of some places to consider investing your money that have very minimal risk: Click here to read more

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2-Year CD Rates Roundup: Earn 1.81% Nationally, 2.25% Locally

24-month CDs

The top nationally available 2-year CD is paying 1.81% APY, up more than a tenth of a percentage point since we last reported on this term in June.

Indeed, CD rates are on the rise. And 2-years are something to keep an eye on.

You can pick up 1.81% APY from two banks — First Internet Bank of Indiana and Everbank.

The main difference between the two is the minimum deposit amounts. First Internet requires a minimum of $1,000, while EverBank requires a minimum of $5,000.

Overall, we have six banks offering 1.70% APY or higher on 2-year CD rates. And 14 banks are offering deals of 1.50% APY or better.

Of course, there are still some local banks and credit unions offering better deals.

That makes it even more important to shop around thoroughly for the best CD rates.
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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 1.30% APY with a $100 minimum on balances up to $100,000. And when you open an account, you’ll get a $100 bonus.

The only savings deal that currently beats that is from Live Oak Bank, which is offering 1.35% APY with no minimum.

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.

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Connexus Credit Union Offers National Deals Worth A Look

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.

CD deals worth a look from Connexus Credit Union

With a $5,000 minimum deposit, Connexus is paying 1.50% APY on 12-month certificates, 1.70% APY on 24-month CDs, 2.00% APY on 36-month CDs and 2.00% APY on 60-month CDs.

And while all of the rates its offering are solid deals, Connexus stands out in the 3-year CD category. Indeed, the only other bank paying 2.00% APY on 3-year CDs is Salem Five.

Connexus requires a $5,000 minimum to earn that rate while Salem Five requires a $10,000 minimum.

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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 1.30% APY.

That beats out BankDirect, Sallie Mae and My Banking Direct — three other banks leading the charge on money market accounts.

But those banks are only offering 1.16% APY, 1.15% APY and 1.15% APY, respectively.

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.

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Check Out Ally’s 11-Month No-Penalty CD

Ally Bank recently bumped up rates on its 11-month, no-penalty CD. And it’s certainly worth a look.

Undeniably, it’s one of the better nationally-available deals we’ve seen out there lately. It competes nicely with the top 12-month CDs.

Ally offers three different tiers for this particular CD. At the top tier, you can earn 1.35% APY with a $25,000 minimum.

But if you’re interested in earning 1.35% APY on an 11-month from Ally, you might want to purchase sooner than later. Though Ally will offer deals like this one occasionally, they tend not to last for very long.

Of course, it’s always best to compare the top CD rates before you decide on a CD.

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Veridian’s Nationally Available CDs Are Tough To Beat

Veridian Credit Union Logo

Iowa’s largest credit union by membership is offering some great CD deals to savers across the nation.

While Veridian Credit Union’s CDs are generally competitive, it raised its CD rates in early May and has at least a few certificates of deposit worth considering:

  • 1.50% APY on 15 months.
  • 1.80% APY on 25 months.
  • 1.85% APY on 39 months.

All require a $1,000 minimum deposit and either beat out or compete with the top nationally available rates from the banks on our CD Rates Leaderboard

Notably, there’s a 10 percentage point increase on each of the terms listed above for a jumbo CD from Veridian with a $100,000 minimum. For example, the 15-month jumbo CD would pay 1.60% APY instead of 1.50% APY.

“Many of our members use CDs as a tool to save and plan for their future. It’s our mission to help them create successful financial futures, and we’re always in search of opportunities to make our products and services more impactful toward achieving their goals. Our recent CD rate increase contributes to that effort and rewards healthy saving habits,” says Keith Mesch, Chief Financial Officer for Veridian Credit Union. Click here to read more

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