bank rates

Salem Five Direct Is Offering An Attractive 2.05% On Savings Accounts

If you’re in the market for a savings account, Salem Five Direct is offering one of the top rates around. It’s certainly worth consideration.

Requiring just a $100 minimum deposit, it’s paying 2.05% APY.

The only other national bank we’ve seen ahead of that mark is Vio Bank, which is offering 2.10% APY.

These rates we’re seeing are a far better than we could have hoped for even last year. But they haven’t quite settled where we’d like to see them.

That said, hooking up with a bank like Salem Five Direct, which consistently offers solid deals, can get you set up in this rising-rate environment.

Of course, it’s always important to shop around for the best savings account rates and compare features before settling on a bank.

You can use our savings account comparison tool to find the best nationally available savings account deals.  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 3.00% APY with no minimum deposit requirement. That’s a tenth of a percentage point higher than its 5-year paid last month.
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Popular Direct Offers Eye-Catching CD Rates

spigot_dollar_symbols

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 brick-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 many of the top national banks offering CDs.  Click here to read more

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Barclays’ Savings Account Joins Leaders

It pays 1.00% APY with no minimum balance requirement.Barclays, the huge British financial services company, is offering an online savings account with a solid rate through its U.S. banking operation.

The account pays 1.75% APY, which is good enough for third place on our list of the best nationally available savings accounts. Click here to read more

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6-Month CD Rates Roundup: Top National Deal Pays 2.05%

One bank is leading the charge on 6-month CDs. Limelight Bank is offering 2.05% APY with a $1,000 minimum.

The next best offer you’ll find comes from Live Oak Bank, which is offering 2.00% APY with a $2,500 minimum.

After that, First Internet Bank of Indiana and TAB Bank are offering 1.97% APY and 1.87% APY, respectively.

As always, shopping locally may earn you more from a credit union or community bank. We’ll talk about how to find those deals.
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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 2.50% APY on 12-month certificates, 2.60% APY on 24-month CDs, 2.75% APY on 36-month CDs, 3.00% on 42-month CDs and 3.25% APY on 60-month CDs.

And while all of the rates its offering are solid deals, Connexus truly stands out in the 42-month and 5-year CD categories. Indeed, it’s beating all of the top-paying national banks on our list in those terms by a quarter of a percentage point.

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BankPurely’s Savings Account: Good For Your Wallet And The Environment

It’s a good time to be in the market for a new online savings account. Rates are rising, and institutions like BankPurely are making savings accounts more attractive.

BankPurely is offering 1.30% APY on its SavingPurely bank account. And when you open an account, the bank will plant a tree.

With the national average savings account rate at 0.25%, this deal from BankPurely is hard to beat.

RATE SEARCH: Compare the best savings 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.

It’s one of the better nationally-available no-penalty deals we’ve seen out there lately.

This deal allows you to withdraw your money at any time after the first six days following the date you funded the account. You can keep the interest you earned with no penalties.

That’s something you simply won’t get with traditional CDs.

Ally offers three different tiers for this particular CD. At the top tier, you can earn 1.50% APY with a $25,000 minimum.

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

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3-Year CD Rates Roundup: Earn 2.70% Nationally

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

Now you can earn 2.70% APY from the lead bank on our list — Banesco. It requires a $1,500 minimum deposit.

BAC Florida Bank, Live Oak Bank and Popular Direct are all tied for second place, offering 2.60% APY.

But while there are several nationally-available deals worth considering, there are also some great local deals from credit unions and community banks for mid-term CD shoppers.

And we’ll tell you where to find those local deals.
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1-Year CD Rates Roundup: Earn 2.22% Nationally

piggies in the round

The top nationally available return on 1-year certificates of deposit is currently 2.22% APY, much higher than you could have earned at this time last year.

Only one bank is paying that rate — First Internet Bank of Indiana with a $1,000 minimum.

But six other banks are competing for the second place position, all paying 2.20%.

The main difference between those six deals is the minimum deposit amount, as you’ll see in the chart below.

If you prefer to go local, you can earn up to 1.69% APY from credit unions and community banks, and we’ll tell you where to find those deals.

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5-Year CD Rates Roundup: Take Home 2.87% Nationally And Locally

Looking for the best 5-year CD rates? Right now the best you can earn nationally is 2.87% APY from one bank: iGoBanking.

That certainly beats what you could earn from the top 5-year CD rates at this time last year.

But it’s always important to search for deals locally as well. Local banks and credit unions often offer some of the best rates around. And we’ll tell  you where to find them.

Keep in mind that rates change daily, which is why it’s always a good idea to check Bankrate’s extensive database of the day’s best CD rates. Click here to read more

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EverBank Offers Top Nationally Available Deals on 2- 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 lead for the best nationally available 2- and 4-year returns.

It’s currently paying:

  • 2.35% APY on 24-month CDs.
  • 2.60% 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 PenFed and Synchrony Bank, which are offering comparable deals on those terms with less of a minimum 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 recently unveiled an array of three promotional CDs with a $5,000 minimum deposit:

  • 2.00% APY on 18-months
  • 2.25% APY on 30-months
  • 3.00% APY on 60-months

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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 1.55% APY with a $100 minimum on balances up to $250,000.

The only savings deals that currently beat are from PurePoint Financial and DollarSavingsDirect, which are both offering 1.60% 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 0.14%, 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 1.75% APY on 30 months, the credit union’s yield nearly matches 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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