Certificate Deposit Rates Summary March 3, 2015

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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Net lease commercial real estate investment – NNN CRE-USA

Subject:  SmartChoice Net Lease CRE-USA (“NNN CRE-USA”) – Private Equity Clients (80/20)

Reference:  Previous listing at Link NNN CRE – USA 

Escrowhttp://www.firstam.com/title/commercial/about/index.html

NNN CRE (Typical)
NNN CRE (Typical)

Frequent Answered Questions

Question:  Who are our qualified investors/clients (“investor” or “client”)?

Client’s investment’s objective are:

  • Lowest risk
  • Secured by NNN CRE-USA
  • Better yield than bank Certificate Deposit
  • Monthly fixed income
  • Long term (at least 5 years). Early Buy-Out option, it’s case by case.  But it’s not less than 12 months
  • Minimum Investment fund is USD 400,000

 

Question:  What do we offer to our Private Equity (80/20) Client?

  • Green Level(ALL new client):  Investment NNN CRE-USA range from $400,000 to $ 1 million, secured by NNN CRE-USA, yield is approximately 5%, USA market only.
  • Gold Level:  Investment NNN CRE-USA range from $2+ million to $ 10 million, secured by NNN CRE, yield is approximately 5% or better, both USA market and International market
  • Elite Level:  Investment range from $10+ million to no max, NNN CRE, yield is approximately 5% or better, both USA market and International market.

 

Question:  How do you, who direct to clients, make money?

Assuming your client/investor is qualified and met all 6 aforementioned investment objectives.

Let’s assume your client/investor would like to invest about $US 2.6 million in commercial real estate in USA.

On my provided listing of NNN CRE-USA, Rev_29SEP14, the first property should be a suitable match for his investment objective.

140929-1125 Jack in the Box – ABS NNN(18+) 615 12th Ave NE, Norman, Oklahoma

Tenant Website:  http://www.jackintheboxinc.com

Risk Rating: 1 is lowest and 5 is highest: 1

Annual Lease Net Income:  $121,875

Monthly Lease Net Income:   $10,156

Lease Term (Year):  18+

Lease Term Renewable options:  4, Five (5) Year

Acquisition cost:   $2,437,500

Investor’s Funds Required Amount + ALL Closing cost (3%) + Acquisition cost (3%): $2,583,750

DAJK’s Management & Servicing Monthly Fee:  $500

 

Our client/investor:

  • Client will own Eighty percent (80%) of Jack in the Box both improved building and land when the transaction is closed with escrow.
  • Client will receive Eighty percent (80%) annual income $121,875from Jack in the Box and guaranteed by Jack in the Box in duration of 18+ years; with renewable option from Jack in the Box for another 20 years or 4, Five(5).
  • Client will receive Eighty percent (80%) appreciation from this property
  • Client will receive Eighty percent (80%) tax depreciation benefit (for USA clients)

You, who is preferred a qualified client to us, will be compensated TWENTY percent (20%) of Acquisition Cost or $US 15,503 when the transaction successfully closed.  We will compensate you at closing on each transaction via HUD-1.  That is how you make money.

 

Question:  Who is our Escrow Service?

Our escrow service is with First American Title,

Website:  http://www.firstam.com/title/commercial/about/index.html

Question:  How to proceed?

PROCEDURE:

  • Investor/Client submit the Letter of Interest (“LOI”) for participating with our Private Equity NNN CRE-USA (80/20).
  • We will provide our monthly selected NNN CRE list to our qualified clients.
  • When Client selects what NNN CRE(s) most interest to him, he will send us his LOI to engage with the Seller including his proof of fund in a form of Bank Comfort Letter or an escrow number at First American Title.  Please note the closing time frame is from 30 to 90 days at this point if the Seller accepts our offer.  The escrow instructions will be provided for wiring of your investment funds once the SPA is executed (if client’s investment funds are not already in escrow).

Please note once you become our Elite client, you just select from our monthly provided list which one(s) you are interested.  In fact, we can research and locate NNN CRE-USA from $US 1 to 100 million which are also meeting all our investment objectives.

Also, please review all documents in provided link for your own knowledge so that you can make a wise and sound investment decision.  Please note these document also provide you additional information of net lease commercial real estate market as well.

Please subscribe to our monthly selection listing of NNN CRE USA and Financial Reports

Should you have further questions, please do not hesitate to contact me.

Daniel Nguyen

562.301.7231

Daniel586@sbcglobal.net