Treasury Yields:
- 1-month: 0.01% down from 0.02% last week
- 6-month: 0.08% same as last week
- 2–year: 0.68% up from 0.60% last week
- 5–year: 1.61% up from 1.47% last week
- 10-year: 2.12% up from 1.99% last week
- 30-year: 2.71% up from 2.60% last week
Fed funds futures’ probability of rate hike by:
- July 2015: 39% up from 31% last week
- Sep 2015: 57% up from 47% last week
- Dec 2015: 85% up from 77% last week
Certificate of Deposit Rates
Like in previous weeks, most of the best new deals are short- and mid-term CDs.
Two especially good mid-term CD deals that are nationally available are the 15-month CD special at Quorum Federal Credit Union (1.65% APY) and the 32-month CD special at Elements Financial Credit Union (2.00% APY).
For longer terms, the best nationally available deal continues to be the special 49-month CD at NASA Federal Credit Union (2.35% APY). The 49-month CD rate is higher than the top 60-month CD rate that’s nationally available (2.32% APY at CIT Bank).
Finally, here’s my usual note about long-term CDs with mild early withdrawal penalties:
An alternative to short-term CDs is long-term CDs that have mild early withdrawal penalties. Two banks with top 5-year CD rates and a mild early withdrawal penalty are Synchrony Bank and Barclays. Both have very competitive 5-year CDs with an early withdrawal penalty of only 6 months of interest. I included the effective yields of these CDs when closed early in the tables below. If you want to compare the effective yields of other CDs after the early withdrawal penalties, please refer to our CD early withdrawal penalty calculator.
The risks of planning for early withdrawals of long-term CDs were highlighted by the deposit agreement change at Ally. The risks have also been seen at credit unions which have raised the early withdrawal penalties on existing CDs.
Savings & Checking Account Rates
In the past I’ve covered savings and checking account rate changes in another weekly summary post. Each week I would publish one post with a recap of savings and checking account rate changes and another post with a recap of CD rate changes. Since there aren’t a lot of rate changes, I’m now alternating these posts. This week I’ll just publish this CD summary. Next week I’ll just publish the savings/checking summary. Two weeks from now, I’ll do another CD summary, and three weeks from now I’ll do another savings/checking summary. For both summaries I’ll include the same economic overview. You can always get the latest rates for savings/checking accounts and CDs by using our rate tables. Just use the menu on top.
Here’s the link to last week’s savings/checking recap.
Yields Accurate as of March 3, 2015
Under 1-Year CD Rates
| EverBank | 1.40% checking/MMA intro 6-month rate ($100K/$50K max) | account review |
| Americas Credit Union | 1.00% 5-month CD | w/relationship |
| Connexus Credit Union | 1.00% 6-month CD | w/active chk |
| New Dominion Bank | 0.90% 9-month CD | |
| Ally Bank | 0.87% 11-month No-Penalty CD | see account review |
Noteworthy Local Deals – Under 1-Year CDs
| Oritani Bank | 1.25% 9-month Loyalty CD | Northern New Jersey |
| Flagstar Bank | 1.10% savings account w/12-mo rate guarantee | Michigan |
| LOMTO Federal Credit Union | 1.10% 6-month CD | parts of New York City |
| Chicopee Savings Bank | 1.07% 7-month CD Anniversary Special | parts of MA and CT |
| Bay Ridge Federal Credit Union | 1.01% 6-month Bonus CD ($20K min) | Brooklyn, NY |
| Centra Credit Union | 1.00% 4-month CD | Indiana |
| Oritani Bank | 1.00% 5-month Loyalty CD | Northern New Jersey |
| Sawyer Savings Bank | 1.00% 6-month U-Choose CD | New York State |
| Advantage Federal Credit Union | 1.00% 9-month CD Special | Rochester, NY area |
1-Year CD Rates
| Chartway Federal Credit Union | 1.31% ($2.5K), 0.45% ($500) 12-17 month Web-Only CD | |
| Connexus Credit Union | 1.30% 12-month Share Certificate | |
| Nationwide Bank | 1.24% ($100K) 12-month Jumbo CD | |
| BankDirect | 1.21% 12-month CD | |
| Synchrony Bank | 1.20% 12-month CD | |
| CIT Bank | 1.20% ($25K min) 1-year CD | add-on & bump-up 1-year CD |
| My eBAnC by BAC Florida Bank | 1.20% ($100K), 1.18% ($500) 12-month Internet Time Deposit | |
| Virtual Bank | 1.16% 12-month eCD | |
| Sallie Mae Bank | 1.15% 12-month CD | |
| Colorado Federal Savings Bank | 1.10% 1-year CD | |
| GE Capital Bank | 1.10% 12-month CD |
Noteworthy Local Deals – 1-Year CDs
| Tropical Financial Credit Union | 3.00% 11-month CD ($5K max deposit) | Miami-Dade, Broward, Palm Beach, and Sarasota Counties, FL |
| General Electric Credit Union | 1.50% 1-year Jumbo CD | Southwest Ohio |
| Premier Credit Union | 1.40% 14-month CD | Iowa |
| HAB Bank | 1.30% 12-month CD | Los Angeles |
| TEXAR Federal Credit Union | 1.30% 12-month Online CD | parts of Texas and Arkansas |
| Nymeo Federal Credit Union | 1.30% 12-18 month Add-On Certificate Special | Frederick County, Maryland |
| Centric Credit Union | 1.30% 13-month CD Special | Ouachita and Lincoln Parishes, LA |
| Affinity Credit Union | 1.30% 13-month CD | New Jersey, New York, and Pennsylvania |
| East Boston Savings Bank | 1.28% 13-month CD Special | Massachusetts |
| Icon Credit Union | 1.25% 1-year special CD | parts of ID and OR |
| LOMTO Federal Credit Union | 1.25% 1-year CD | parts of New York City |
| Sun Community Credit Union | 1.25% 12-month CD | Imperial County, CA |
| CFG Community Bank | 1.25% 13-month Relationship Special CD | MD, VA, DC, and PA |
| Citizens Bank | 1.25% 14-month CD Relationship | CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, and VT |
18-month CD Rates
| Quorum Federal Credit Union | 1.65% 15-month Term Account | |
| Synchrony Bank | 1.50% (2.25% 5-year CD closed after 18 months) | see review & risks |
| Barclays | 1.50% (2.25% 5-year CD closed after 18 months) | see review & risks |
| Ally Bank | 1.44% (2.00% 5-year CD closed after 18 months w/new ewp) | see review & risks |
| NASA Federal Credit Union | 1.35% 15-month CD special | |
| Aspire Federal Credit Union | 1.26% 15-month CD | |
| Mountain American Credit Union | 1.25% 18-month CD special | |
| Synchrony Bank | 1.25% 19-month CD special | Formerly MetLife |
| Virtual Bank | 1.21% 18-month eCD | |
| Incredible Bank | 1.20% 19-month CD Special |
Noteworthy Local Deals – 18-Month CDs
| Horizon Credit Union | 1.51% 18-month Special CD | WA, parts of ID and MT |
| Institution for Savings | 1.50% 15-month CD | North Shore area, MA |
| Vantage West Credit Union | 1.50% 15-month eShare Certificate Special | 4 southern Arizona counties |
| Advantage Federal Credit Union | 1.50% 17-month CD Special | Rochester, NY area |
| Consumers Credit Union | 1.50% No Hoops 19-month CD Special | 11 western Michigan counties |
| Idaho Central Credit Union | 1.50% 21-month CD Promo | Idaho |
| Oritani Bank | 1.40% 16-month Loyalty CD | Northern New Jersey |
| Red River Credit Union | 1.40% 18-month CD | parts of Texas and Arkansas |
| TEXAR Federal Credit Union | 1.35% 18-month Online CD | parts of Texas and Arkansas |
| First Peoples Community Federal Credit Union | 1.30% 15-month Relationship CD Special | parts of MD, WV and PA |
| Asian Bank | 1.28% 18-month CD Special | Philadelphia metro area |
2-Year CD Rates
| Synchrony Bank | 1.69% (2.25% 5-year CD closed after 2 years) | see review & risks |
| Barclays | 1.69% (2.25% 5-year CD closed after 2 years) | see review & risks |
| Ally Bank | 1.58% (2.00% 5-year CD closed after 2 years w/new ewp) | see review & risks |
| CIT Bank | 1.43% ($100K min) 2-year Jumbo CD | |
| Nationwide Bank | 1.35% ($100K) 24-month Jumbo CD | |
| CIT Bank | 1.35% ($25K min) 2-year CD | add-on & bump-up options |
| My eBAnC by BAC Florida Bank | 1.35% ($100K), 1.31% ($500) 24-month | |
| Melrose Credit Union | 1.31% 2-year CD | |
| Pinnacle Federal Credit Union | 1.31% 24-month CD | |
| GE Capital Bank | 1.30% 24-month CD | |
| Bank5 Connect | 1.30% 24-month Investment Connect CD | |
| Ally Bank | 1.29% 2-year Raise Your Rate CD |
Noteworthy Local Deals – 2-Year CDs
| Wallkill Valley Federal Savings and Loan | 2.015% 24-month CD | Hudson Valley, NY |
| FORUM Credit Union | 2.00% 25-month CD | Indianapolis and surrounding counties |
| University of Iowa Community Credit Union | 1.95% ($250K), 1.85% ($100K), 1.75% ($1K) 22-month CD Special | Iowa |
| TEXAR Federal Credit Union | 1.85% 24-month Online CD | parts of Texas and Arkansas |
| FCB Banks | 1.80% 29-month CD Special | Southwest Illinois, St Louis metro area |
| Icon Credit Union | 1.60% 21-month CD Special | parts of Idaho and Oregon |
| Gulf Coast Federal Credit Union | 1.55% 2-year CD | Corpus Christi, TX metro |
| Idaho Central Credit Union | 1.50% 21-month CD Promo | Idaho |
| First Federal Credit Union | 1.50% 21-month CD | Linn County, Iowa |
| Sawyer Savings Bank | 1.50% 24-month U-Choose CD | New York State |
| NavyArmy Community Credit Union | 1.50% ($100K), 1.30% ($1K) 2-year CD | Corpus Christi, TX metro |
| SMW Federal Central Credit Union | 1.50% 28-month Featured CD | Minnesota |
| Diamond Credit Union | 1.50% 29-month CD | SE Pennsylvania |
3-Year CD Rates
| Wilshire State Bank | 2.28% 3-year installment savings account w/auto xfers, $100K max | account review |
| Elements Financial | 2.00% 32-month Shamrock Special Certificate | |
| Synchrony Bank | 1.88% (2.25% 5-year CD closed after 3 years) | see review & risks |
| Barclays | 1.88% (2.25% 5-year CD closed after 3 years) | see review & risks |
| Connexus Credit Union | 1.75% 3-year CD w/active chk | |
| First Technology Federal Credit Union | 1.60% 36-month CD | |
| Melrose Credit Union | 1.56% 3-year CD | |
| Nationwide Bank | 1.51% ($100K), 1.46% (<$100K) 36-month CD | |
| Justice Federal Credit Union | 1.50% 36-month CD Special | |
| EverBank | 1.44% 3-year CD |
Noteworthy Local Deals – 3-Year CDs
| 1st Gateway Credit Union | 2.05% 40-month CD Special | Eastern Iowa, Western Illinois |
| Spokane Teachers Credit Union | 2.02% 30-month CD | Washington state, parts of Idaho |
| Gulf Coast Federal Credit Union | 2.02% 3-year CD | Corpus Christi, TX metro |
| Beacon Credit Union (IN) | 2.01% 30-month CD Special | Indiana |
| Avon Cooperative Bank | 2.01% 36-month CD | southeastern Massachusetts |
| Tempo Bank, A Federal Savings Bank | 2.005% 33-month Hip Pocket Special CD | Southwestern Illinois |
| Institution for Savings | 2.00% 30-month CD | North Shore area, MA |
| First Federal Credit Union | 2.00% 35-month CD | Linn County, Iowa |
| NavyArmy Community Credit Union | 2.00% ($100K), 1.75% ($1K) 3-year CD | Corpus Christi, TX metro |
| Lower Valley Credit Union | 1.81% 3-year CD | Washington State |
| Crescent Bank | 1.81% 36-month CD | Louisiana |
| IH Mississippi Valley Credit Union | 1.81% 39-month CD | Quad Cities area, IL and IA |
| Scott Credit Union | 1.79% ($100K), 1.74% ($50K), 1.59% ($1K) 30-month CD | Southwest Illinois |
| HAPO Community Credit Union | 1.75% 3-year CD | Washington State and Umatilla County, Oregon |
4-Year CD Rates
| NASA Federal Credit Union | 2.35% 49-month CD Special | |
| Alliant Credit Union | 2.15% 48-60 month CD | |
| CIT Bank | 2.00% ($100K), 1.85% ($1K), 4-year CD | |
| Synchrony Bank | 1.97% (2.25% 5-year CD closed after 4 years) | see review & risks |
| Barclays | 1.97% (2.25% 5-year CD closed after 4 years) | see review & risks |
| Nationwide Bank | 1.95% ($100K), 1.90% ($500) 4-year CD | |
| Melrose Credit Union | 1.92% 4-year CD | |
| America’s Credit Union | 1.80% 4-year CD | promotional |
| VirtualBank | 1.78% 4-year CD | |
| EverBank | 1.75% 4-year Yield Pledge CD |
Noteworthy Local Deals – 4-Year CDs
| Institution for Savings | 2.50% ($250K) 4-year Money Market CD (also req $250K in MMA) | parts of MA |
| Jeanne D’Arc Credit Union | 2.15% 48-month CD | parts of Massachusetts |
| Bayer Heritage Federal Credit Union | 2.15% 4-year CD | parts of WV, OH & SC |
| Avon Cooperative Bank | 2.12% 48-month CD | southeastern Massachusetts |
| Collins Community Credit Union | 2.10% (w/checking),2.00% 48-month CD Special | Eastern Iowa |
| HAPO Community Credit Union | 2.05% 4-year CD | Washington State and Umatilla County, Oregon |
| Vibe Credit Union | 2.00% 48-month CD | Michigan’s Lower Peninsula |
| Idaho Central Credit Union | 2.00% 4-year CD Promo | Idaho |
| Gesa Credit Union | 2.00% 48-month CD | Washington State |
| MidFirst Direct | 1.95% 48-month CD | AR, AZ, CA, FL, MO, NV, NH, NY, OK, TX, WY |
5-Year CD Rates
| CIT Bank | 2.32% ($100K), 2.25% ($1K) 5-year CD | |
| Mountain America Credit Union | 2.30% 60-month CD | may no longer be nationally available |
| Melrose Credit Union | 2.27% 5-year CD | |
| Synchrony Bank | 2.25% ($25K), 2.20% ($2K) 5-year CD | Formerly MetLife |
| GE Capital Bank | 2.25% 5-year CD | |
| Barclays | 2.25% 5-year CD | |
| Nationwide Bank | 2.20% ($100K), 2.15% (<$100K) 5-year CD | |
| Sallie Mae Bank | 2.10% 5-year CD | |
| EverBank | 2.10% 5-year Yield Pledge CD | |
| The Vanguard Group Brokered CD | 2.00% 5-year non-callable CD | issued by Goldman Sachs |
| State Farm Bank | 1.95% 5-year CD |
Noteworthy Local Deals – 5-Year CDs
| HAPO Community Credit Union | 2.55% 5-year CD | Washington State and Umatilla County, Oregon |
| First Federal Credit Union | 2.50% 59-month CD | Linn County, Iowa |
| Bank of Utica | 2.50% 5-year CD | Utica, NY area |
| Gesa Credit Union | 2.50% 60-month CD | Washington State |
| Vibe Credit Union | 2.50% 60-month CD | Michigan’s Lower Peninsula |
| General Electric Credit Union | 2.50% 5-year CD | Southwest Ohio |
| Bayer Heritage Federal Credit Union | 2.40% 5-year CD | parts of WV, OH & SC |
| Citizens State Bank (FL) | 2.35% 60-month CD | |
| Texell Credit Union | 2.35% 60-month CD | Bell and Williamson Counties, TX |
| Financial Partners Credit Union | 2.35% ($100K) Jumbo 60-month CD | Los Angeles and Orange Counties, CA |
| Diamond Credit Union | 2.30% 54-month CD | SE Pennsylvania |
| Avon Cooperative Bank | 2.27% 60-month CD | southeastern Massachusetts |
| Crescent Bank | 2.27% 60-month CD | Louisiana |
| IH Mississippi Valley Credit Union | 2.27% 60-month CD | Quad Cities area, IL and IA |
| Founders Federal Credit Union | 2.27% 60-month Share Certificate | portions of South Carolina |
Over 5-Year CD Rates
| The Vanguard Group Brokered CD | 2.95% 10-year non-callable CD | issued by Goldman Sachs |
| Apple Federal Credit Union | 2.50% 10-year CD | |
| The Vanguard Group Brokered CD | 2.45% 7-year non-callable CD | issued by Goldman Sachs |
| GE Capital Bank | 2.30% 6-year CD | |
| Discover Bank | 2.30% 10-year CD | |
| Navy Federal Credit Union | 2.25% ($100K), 2.20% ($20K) 7-year CD | limited membership |
| Apple Federal Credit Union | 2.25% 7-year CD | |
| Discover Bank | 2.20% 7-year CD | |
| Navy Federal Credit Union | 2.15% ($100K), 2.10% ($20K) 6-year CD | limited membership |
Noteworthy Local Deals – Over 5-year CDs
| Frick Tri-County Federal Credit Union | 3.00% 10-year CD | parts of Western PA |
| PeoplesChoice Credit Union | 2.78% 10-year CD | York and Cumberland Counties of Maine |
| MidFirst Direct | 2.75% 10-year CD | AR, AZ, CA, FL, MO, NH, NV, NY, OK, TX, and WY |
| State-Investors Bank | 2.65% 120-month CD | Louisiana |
| Brentwood Bank | 2.60% 10-year CD | Pennsylvania |
| San Antonio Federal Credit Union | 2.60% ($90K), 2.55% ($10K), 2.50% ($1K) 10-year | San Antonio, TX |
| MidFirst Direct | 2.50% 7-year CD | AR, AZ, CA, FL, MO, NH, NV, NY, OK, TX, and WY |
| State-Investors Bank | 2.50% 96-month CD | Louisiana |
| MidFirst Bank | 2.50% 10-year CD | AZ and OK |
| Frick Tri-County Federal Credit Union | 2.50% 8-year CD | parts of Western PA |
CDs Removed Due To Low Rates Or Expired Specials
CDs Removed, No Longer Available – Nationwide
| Doral Direct | 0.86% 9-month CD | account review |
| Quorum Federal Credit Union | 1.25% 13-month CD |
CDs Removed, No Longer Available – Local
| Doral Bank NY | 1.00% 6-month CD | New York City metro |
| Horizon Credit Union | 1.31% 13-month Special CD | WA, parts of ID and MT |
| Premier America Credit Union | 1.30% 13-month Share Certificate | Los Angeles area |
| Focus First Federal Credit Union | 1.60% 17-month CD Special | Monroe County, New York |
| Doral Bank NY | 1.45% 24-month CD | New York City metro |
| Doral Bank NY | 2.50% 10-year CD | NYC |
CDs Removed, Rate Too Low – Nationwide
| Melrose Credit Union | 1.05% 1-year CD | |
| Triumph Savings Bank, SSB | 0.85% 12-month CD | |
| Triumph Savings Bank, SSB | 1.00% 18-month CD | |
| Quorum Federal Credit Union | 0.80% 36-month CD |
CDs Removed, Rate Too Low – Local
| Gulf Coast Credit Union | 0.85% 6-month CD | Corpus Christi, TX metro |
| Gulf Coast Credit Union | 1.10% 12-month CD | Corpus Christi, TX metro |
| S-Bank | 0.45% 12-month CD | Massachusetts |
| Indus American Bank | 1.25% 13-month CD | New Jersey and Long Island |
| Idaho Central Credit Union | 1.25% 13-month CD Promo | Idaho |
| Everett Co-operative | 1.25% 14-month CD Special | Massachusetts |
| South Jersey Federal Credit Union | 1.26% 18-month CD | Parts of New Jersey |
| Gulf Coast Federal Credit Union | 1.26% 18-month CD | Corpus Christi, TX metro |
| Firefighters Credit Union | 0.75% 18-month CD | 7 Wisconsin counties |
| LOMTO Federal Credit Union | 1.45% 2-year CD | parts of New York City |
| Lower Valley Credit Union | 2.27% 5-year CD | Washington State |
| Marshall Community Credit Union | 2.25% 55-month CD Special | Mid-Michigan |
| Kellogg Community Federal Credit Union | 2.00% 5-year Golden CD | Southwestern Michigan |
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