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Michigan Deal: Earn 1.46% On 18-Month CDs

piggy-bank-red-bow

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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University Of Iowa CU Is Offering A Slam Dunk On 19-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 19-month certificate paying 1.50% APY with a $1,000 minimum.

The deal gets even sweeter for savers who can pony up more, with deposits of at least $100,000 earning 1.60% APY and $250,000 or more 1.70% APY. In addition, any Hawkeye alumni, staff or students can become members.

Even at the lowest tier, the credit union’s deal outdoes the top nationally available returns from the banks on our CD Rates Leaderboard, where you’d have to commit to 24 months to earn 1.50% APY.

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

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Pick Up A Tough-To-Beat 1.35% On 16-Month CDs Nationwide

roll of cash emerging from broken golden egg

If a 16-month certificate can fit your savings portfolio, EBSB Direct and its parent, East Boston Savings Bank, have a competitive offer for savers anywhere in the country.

Both are paying 1.35% APY on the odd term, offering a slight premium over the top nationally available 1-year return of 1.30% APY from the banks on our CD Rates Leaderboard.

A search through Bankrate’s extensive database of the day’s best CD rates will show that this return isn’t easy to beat. Still, you should always check since new offers can crop up quickly.

Savers living in Massachusetts who can get to one of 30 branches throughout Boston and Suffolk, Essex and Middlesex counties can open the promotional CD in person.

But anyone in the country can open the same certificate of deposit via the bank’s internet operation, EBSB Direct, which only offers online products. 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 1.71% APY on 30 months, the credit union’s yield tops the best 3-year return you can find on our CD Rates Leaderboard of nationally available bank certificates.

The promotion is also enough to earn Freedom its first spot since 2012 in our roundup of the country’s best credit union and community bank CDs.

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

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1-Year CD Rates Roundup: Earn 1.30% Nationally, 5.00% Locally

piggies in the round

After a bit of good news for 12-month yields this spring, summer has seen the term settle back into a status quo of sorts.

The top nationally available return on 1-year bank certificates is currently 1.30% APY, which is the same rate you could earn before the Fed’s interest rate hike in December.

In other words, short-term savers have gained no lasting ground.

Still, three of the seven terms we track have national leads lower than before the Fed increase, so at least 12-month returns aren’t in the losing column.

Fortunately, you can earn up to 2.00% APY from credit unions and community banks (and for one lucky group of savers, an astonishing 5%), and we’ll tell you where to find those local deals.

But with the Fed’s first hike translating into almost no upward rate movement by banks, it appears we’ll need to see two — or even three — rate increases if savers are going to see any boosts to their deposit returns.

So what can we expect from the Fed? And when?

It’s a guessing game that’s popular the world over, but we’ll fill you in on the details. Click here to read more

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Take Home A Healthy 2.00% On 1-Year CDs From Financial Health FCU

Pink piggy bank with glasses on top of books in front of chalk board

Behind a truly off-the-charts offer in Tennessee, Financial Health Federal Credit Union is offering the second-highest 12-month CD rate we’re aware of from any bank or credit union in the country.

Indianapolis-based Financial Health is paying 2.00% APY on a 1-year term, with a modest $500 minimum investment.

On our CD Rates Leaderboard of the top nationally available bank certificates of deposit, 1.30% APY is the best you can currently earn over 12 months.

Indeed, you’d have to lock in for a full four years to score 2.00% APY from a national bank.

Financial Health’s impressive offer earns it its first-ever appearance in our constantly updated rankings of the nation’s best-paying CDs from credit unions and community banks.

A search through Bankrate’s extensive database of the day’s best CD rates will be further evidence of how tough this deal is to even match, although since offers can crop up quickly, it’s still always smart to do. Click here to read more

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Hot Deal: NorthStar Pays 5.00% On 5-Month CDs, 1.50% On 21 Months

man-climbing-ladder-to-money
NorthStar Credit Union really knows how to celebrate.

The Chicagoland credit union is commemorating the opening of two new branches with a pair of CD deals: one excellent and one stratospheric.

It’s paying a double-take rate of 5.00% APY on 5-month certificates, which we don’t need to tell you dwarfs any rate in any term on our CD Rates Leaderboard of the top nationally available bank certificates.

The one catch is that this promotion stipulates a maximum investment of just $5,000.

For those wanting to invest more while still earning a chart-topping rate, NorthStar’s more down-to-earth offer is 1.50% APY on 21-month certificates, which matches the top 2-year rate on our Leaderboard.

The 21-month promotion has the opposite stipulation, requiring a minimum investment of $5,000.

As always, it’s smart to check Bankrate’s extensive database of the day’s best CD rates before locking your funds into any certificate of deposit. But we suspect NorthStar’s 21-month offer will be tough to beat, never mind its 5% offer. Click here to read more

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3-Year CD Rates Roundup: Earn 1.70% Nationally, 2.33% Locally

The top return among national 3-year CDs received a boost recently, and from a newcomer, which we’re always happy to see.

But the bump was too minor to change the term’s status as one of the worst off compared with levels seen before the Federal Reserve’s December rate hike.

Among the seven terms of nationally available bank certificates we track on our CD Rates Leaderboard, two have moved up from pre-Fed levels, three are unchanged, and 3- and 5-year returns are decidedly below their December marks.

That means 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 more than three dozen offers that beat the national leader, including the top-paying local deal of 2.33% APY.

As for what will finally move banks toward an improvement in 3-year returns, we’ll tell you what you should know about the Fed’s plans. Click here to read more

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20 votes, average: 4.15 out of 520 votes, average: 4.15 out of 520 votes, average: 4.15 out of 520 votes, average: 4.15 out of 520 votes, average: 4.15 out of 5 (20 votes, average: 4.15 out of 5)
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