American Bank CD Rates, Savings & MMA, Mortgage & Loan Rates, Reviews

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Today's 12-month CD rates can be found at 4.22%, 6-month CD rates at 5.25% and 3-month CD rates at 4.55%. Current savings rates are at 0.15% and money market rates are at 2.17%. Mortgage rates today on 30-year fixed loans are around 7.19%. Credit Card rates are at 16.95%. Personal Loan rates are at 10.99%. All these rates, and more, can be found in our database of rates. American Bank's 60-Month CD rates are at 2.50%, 48-Month CD rates are at 2.00%, 36-Month CD rates are at 1.50%, 30-Month CD rates are at 1.50%, 24-Month CD rates are at 1.50%. American Bank's savings rates are at 1.50%. American Bank's money market rates are at 1.25%. American Bank's 30-Year Fixed Jumbo rates are at 7.62%, 15-Year Fixed Jumbo rates are at 7.38%, 30-Year Fixed rates are at 7.00%, 15-Year Fixed rates are at 6.75%.

American Bank

To see how these rates compare to American Bank CD rates, feel free to use our comprehensive rate tables for side-by-side comparisons of CD rates from American Bank, savings rates and money market rates, with rates from other banks and credit unions below. You can use our bank rate lists to compare CD rates for all CD terms, with American Bank CD rates. You can also compare American Bank savings rates, MMA rates and mortgage rates using our other rate lists.

American Bank money market rates, and other rates, are continually updated to reflect market conditions, we recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at American Bank? Share your experience about American Bank by leaving a review below, or read customer reviews before you decide to use American Bank.

American Bank Texas Ratio

American Bank's Texas Ratio is at 0.44%, which is considered excellent. The Texas Ratio for American Bank is lower than the national average of all banks, currently at 6.24%. The Texas Ratio was developed in the early 1980s, and it is used to identify potential problem banks. Banks that have a Texas Ratio of 100% or more have a high chance of failing.

Overall, American Bank is an excellent bank worth considering, with an overall rating of 5 stars out of 5 stars.

Rate
APY/APR
vs Avg
12-Month CD
1.01%
18-Month CD
1.01%
24-Month CD
1.50%
36-Month CD
1.50%
48-Month CD
2.00%
60-Month CD
2.50%
Savings
1.50%
MMA
1.25%
30-Year Fixed
7.70%
Credit Card
N/A
Personal Loan
N/A
American Bank
4029 W Tilghman St
Allentown, PA 18104
Member FDIC
MonitorBankRates' Rating
5/5
★★★★★

American Bank CD Rates and Interest Rates

Bank
Product
APY
Min Dep
American Bank
American Bank
60-Month CD
2.50%
$500
American Bank
American Bank
48-Month CD
2.00%
$500
American Bank
American Bank
24-Month CD
1.50%
$500
American Bank
American Bank
30-Month CD
1.50%
$500
American Bank
American Bank
36-Month CD
1.50%
$500
American Bank
American Bank
Savings
1.50%
$100
American Bank
American Bank
Premium Money Market
1.25%
$0
American Bank
American Bank
12-Month CD
1.01%
$500
American Bank
American Bank
18-Month CD
1.01%
$500
Show More

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

American Bank Mortgage Rates

Lender
Product
Rate
APR
Points
American Bank
American Bank
15-Year Fixed
6.750%
6.987%
0.000
American Bank
American Bank
30-Year Fixed
7.000%
7.170%
0.000
American Bank
American Bank
15-Year Fixed Jumbo
7.375%
7.503%
0.000
American Bank
American Bank
30-Year Fixed Jumbo
7.625%
7.703%
0.000

The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.

Compare American Bank Rates with Other Competitive Bank and Credit Union Rates

Bank
Product
APY
Min Dep
Touchmark Bank
Touchmark Bank
12-Month Jumbo CD
5.25%
$100,000
State Bank of Texas
State Bank of Texas
High-Rate Jumbo Money Market
5.22%
$100,000
The MINT National Bank
The MINT National Bank
18-Month CD
5.00%
$10,000
Varo Bank
Varo Bank
High-Yield Savings
5.00%
$0
Coastal Bank & Trust
Coastal Bank & Trust
6-Month CD
4.86%
$500
TAB Bank
TAB Bank
24-Month CD
4.70%
$1,000
F&M Union Bank
12-Month CD
4.55%
$1,000
First Westroads Bank
First Westroads Bank
15-Month CD
4.50%
$500
Waterman Bank
Waterman Bank
High Yield Savings
4.50%
$0
StonehamBank
StonehamBank
36-Month CD
4.50%
$1,000
Alden State Bank
Alden State Bank
Kasasa Checking
4.50%
$0
Northeast Bank Portland, ME
Northeast Bank Portland, ME
24-Month CD
4.25%
$5,000
United States Senate Federal Credit Union
United States Senate Federal Credit Union
24-Month CD
4.08%
$1,000
The Bank of Princeton
The Bank of Princeton
24-Month CD
3.50%
$500
Farmers National Bank
Farmers National Bank
18-Month CD
3.20%
$500
Camp Grove State Bank
Camp Grove State Bank
High Performance Checking
3.15%
$25,000
Lyons Federal Bank
Lyons Federal Bank
24-Month CD
3.13%
$50,000
Citizens-Farmers Bank of Cole Camp
Citizens-Farmers Bank of Cole Camp
24-Month CD
3.02%
$1,000
Harford Bank
Harford Bank
24-Month CD
3.00%
$1,000
Citizens Bank
Citizens Bank
Private Client Money Market
3.00%
$25,000
West Shore Bank
West Shore Bank
36-Month CD
2.52%
$500
Citizens Savings Bank Spillville, IA
Citizens Savings Bank Spillville, IA
18-Month CD
2.50%
$1,000
Addition Financial Credit Union
Addition Financial Credit Union
60-Month CD
2.50%
$1,000
Department of Commerce Federal Credit Union
Department of Commerce Federal Credit Union
IRA Money Market
2.25%
$100
Brattleboro S&L
Brattleboro S&L
48-Month CD
2.15%
$500
First Bank Ketchikan, AK
First Bank Ketchikan, AK
60-Month CD
2.00%
$0
First Security Bank Mackinaw, IL
First Security Bank Mackinaw, IL
36-Month CD
2.00%
$1,000
1st Ed Credit Union
1st Ed Credit Union
36-Month CD
1.70%
$500
Community Bank of Oelwein
Community Bank of Oelwein
60-Month CD
1.65%
$500
FNB of Brownstown
60-Month CD
1.40%
$1,000
First National Bank of Ava
First National Bank of Ava
36-Month CD
1.36%
$500
Thayer County Bank
Thayer County Bank
Money Market
1.20%
$75,000
SSB of Wanamingo
SSB of Wanamingo
Kasasa Savings
1.01%
$50
Franklin SB Farmington, ME
Franklin SB Farmington, ME
24-Month CD
1.00%
$500
Home Loan Investment Bank
Home Loan Investment Bank
12-Month CD
0.90%
$1,000
Bank of Botetourt
Bank of Botetourt
36-Month CD
0.75%
$500
DB&T
DB&T
60-Month CD
0.60%
$1,000
Hometown National Bank
Hometown National Bank
Statement Savings
0.50%
$1,000
Beardstown Savings
Beardstown Savings
Money Market
0.50%
$10,000
Consumers Credit Union
Consumers Credit Union
24-Month CD
0.45%
$1,000
Seamens Bank
Seamens Bank
48-Month CD
0.40%
$1,000
Northwestern Bank
Northwestern Bank
Keystone High Yield Savings
0.20%
$10,000
First Bank Creve Coeur, MO
First Bank Creve Coeur, MO
18-Month CD
0.15%
$1,000
First Horizon
First Horizon
3-Month CD
0.05%
$1,000
Commerce Bank Corinth, MS
Commerce Bank Corinth, MS
Savings Account
0.05%
$25
Mercer Savings Bank
Mercer Savings Bank
Savings
0.05%
$100
GSB Guilford Savings Bank
24-Month CD
0.05%
$1,000
Town & Country B&T Co.
Town & Country B&T Co.
Savings
0.05%
$50
Washington Financial Bank
Washington Financial Bank
Statement Savings
0.05%
$2,500
First FSB of Champaign Urbana
First FSB of Champaign Urbana
Regular Money Market
0.01%
$2,500
Show More

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

American Bank Mortgage Rates

Lender
Product
Rate
APR
Points
4.990%
5.287%
0.500
5.500%
5.614%
0.000
5.500%
5.716%
0.500
5.625%
5.777%
0.500
5.500%
5.820%
0.000
5.750%
5.834%
0.000
5.500%
5.868%
2.000
5.750%
5.883%
0.500
5.750%
5.886%
0.000
6.000%
5.892%
0.000
15-Year Fixed
5.750%
5.910%
0.000
5.870%
5.970%
0.000
15-Year Fixed Jumbo
5.875%
5.970%
0.000
5.950%
5.998%
0.000
6.000%
6.043%
0.000
15 Year Fixed
5.750%
6.046%
1.000
6.000%
6.056%
0.000
10-Year Power Rate Fixed
5.750%
6.068%
0.000
5.875%
6.071%
0.250
5.875%
6.079%
1.000
6.000%
6.084%
0.000
6.000%
6.084%
0.000
15-Year Power Rate Fixed
5.875%
6.101%
0.000
6.000%
6.121%
0.000
5.875%
6.121%
0.000
Show More

The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.

American Bank Information

American Bank
4029 W Tilghman St
Allentown, PA 18104
Lehigh
Established Date: 06/02/1997
FDIC Certificate #: 34422
Date of FDIC Deposit Insurance: 06/02/1997
Bank Holding Company: AMERICAN BANK INC
How Many Domestic U.S. Offices? 1
How Many Branches are There? 1
Is American Bank FDIC Insured? Yes
What is American Bank's Cert number? 34422
What is the maximum amount for insured deposits? $250,000 per holder, per account

American Bank Financials

Total Assets:
$909,185,000
Total Deposits:
$695,534,000
Equity Capital:
$86,617,000
Domestic Deposits:
$695,534,000
Net Income:
$2,517,000
Return on Assets:
1.1396%
Quarterly Return on Assets:
1.1000%
Pretax Return on Assets:
1.3750%
Pretax Quarterly Return on Assets:
1.3700%
Return on Equity:
12.4500%
Quarterly Return on Equity:
11.8100%
Common Equity Tier 1 Capital Ratio:
11.4234%
Tier 1 Risk-Based Capital Ratio:
11.4234%
Leverage Tier 1 (Core Capital) Ratio:
9.1977%
Total Risk-Based Capital Ratio (YTD):
12.6134%
Total Interest Income (YTD):
3.3991%
 
 
Headquarters:
Allentown
FDIC Field Office:
Philadelphia
Regulator:
FED
County:
Lehigh
# of Offices:
1
Metropolitan Statistical Area (MSA):
Allentown-Bethlehem-Easton, PA-NJ
Consolidated Metropolitan Statistical Area (CMSA):
OTS Region:
Northeast
FDIC Region:
New York
Source: FDIC

BMO Alto CD Rates: 12-Month at 5.40% APY, 6-Month at 5.20% APY

Oh, hold onto your seats, CD rate junkies! The once humdrum world of Certificate of Deposit (CD) accounts is undergoing a revolution, and it's led by none other than BMO Alto. Forget Netflix dramas, the most exciting plot twist is here: staggering interest rates that seem to defy conventional banking logic. How does a 12-month CD at 5.40% APY grab you? But hold your applause; there's more. BMO Alto has unleashed an array of special CD rates ranging from 5.40% to an eye-watering 4.50% for terms up to 60 months.

BMO Alto CD rates are some of the highest CD rates available right now on short-term certificates of deposit. The best CD rate available are on the 12-month CD at 5.40% APY, that rate is also much higher than the national average 12-month CD rate of 1.76% APY. The second-best CD rate available is on the 6-month CD at 5.20% APY and the third highest rate available is on the 24-month at 4.75% APY. There is no minimum opening deposit for any CD accounts at BMO Alto.

It's so groundbreaking it's almost suspicious. Who in their right mind would miss out on such an opportunity? For a paltry minimum deposit of just $0, that's right zero dollars, you get to hitch a ride on this financial roller coaster. But here's the catch—these jaw-dropping rates are as volatile as a cat on a hot tin roof. That means you should keep refreshing the BMO Alto website like it's a limited stock of PS5s on Black Friday.

    Read more...

Luana Savings Bank Rates and Reviews

Luana Savings Bank Rates and ReviewsLuana Savings Bank CD rates were recently decreased but are still some of the best CD rates available today. Luana Savings Bank is headquarted in Luana, Iowa, with five brick and mortar branches, soon to be six. The largest decreases in CD rates from Luana Savings Bank was by 25 basis points on 3 year and 5 year certificates of deposit.3 year CD rates from Luana Savings Bank were lowered to 2.37 percent from 2.62 percent. 5 year CD rates from Luana Savings Bank are at 2.42 percent, down from 2.67 percent. 30 month CD rates at Luana Savings are at 2.32 percent, down from 2.52 percent.Shorter term CD rates from Luana Savings were lowered by less. 2 year CD rates from Luana Savings are now at 2.27 percent, down 15 basis points from 2.42 percent. 1 year CD rates at Luana are now at 2.16 percent, down from 2.26 percent. 6 month CD rates were lowered 5 basis points to 1.96 percent and 3 month CD rates were also lowered 5 basis points to 1.76 percent.     Read more...

American Bank 5 Year CD Rates now at 1.59%

American Bank 5 Year CD rates are now at 1.59 percent with a yield of 1.60 percent. View current 5 Year CD rates at American Bank below.     Read more...

American Bank 6 Month CD Rates now at 0.30%

American Bank 6 Month CD rates are now at 0.30 percent with a yield of 0.30 percent. View current 6 Month CD rates at American Bank below.     Read more...

American Bank Money Market Account Rates now at 0.25%

American Bank Money Market Account rates are now at 0.25 percent with a yield of 0.25 percent. View current Money Market Account rates at American Bank below.     Read more...

American Bank Money Market Account Rates now at 0.10%

American Bank Money Market Account rates are now at 0.10 percent with a yield of 0.10 percent. View current Money Market Account rates at American Bank below.     Read more...

American Bank Savings Rates now at 0.10%

American Bank Savings rates are now at 0.10 percent with a yield of 0.10 percent. View current Savings rates at American Bank below.     Read more...

American Bank 2 Year Jumbo CD Rates now at 0.45%

American Bank 2 Year Jumbo CD rates are now at 0.45 percent with a yield of 0.45 percent. View current 2 Year Jumbo CD rates at American Bank below.     Read more...

Slew of CD Rate Changes from Banks Prior to the Fed Funds Rate Increase

There has been a slew of CD rate changes from many different banks in our database this past week. A total of six banks changed some, if not all, of their CD rates. Only one bank, EverBank, changed a couple of their rates since the Federal Open Market Committee voted to increase the fed funds rate by 25 basis points.

It still stands to reason that several online banks that are offering the top online CD rates will increase their rates in the coming weeks. Major banks were quick to increase the prime rate they offer on loans but announced they wouldn't increase deposit rates.

The prime rate was increased at these banks:

    Read more...

0.90% - Highest 6 Month Rate - CD Rate Changes for September 10, 2015

A few banks have been pretty active changing their CD rates recently. The Federal Reserve is scheduled to meet next week and will hopefully increase the fed funds rate. Once the Fed increase the rate many banks will follow and increase CD rates.Listed below are rate changes for the past 24 hours.

Rate Changes September 10, 2015

    Read more...

This Week's Best CD Rates on 1 Year, 2 Year and 5 Year Certificates of Deposit

For the past several years the interest rate difference between the best CD rates on 1 year and 5 year CD rateshas been low. When you compare average rates between 1 year and 5 year certificates of deposit the difference is also minimal because the rate curve is flat. I don't anticipate average CD rates and the highest CD rates moving much higher anytime soon. We might have to wait until 2016 for rates to finally increase but maybe rates will increase sooner if the economy starts growing faster.In the FDIC's Weekly Rates and Cap Survey for the week ending October 15, 2012, average 1 year CD rates at banks are at 0.25 percent. Two year CD rates are averaging 0.42 percent and 5 year CD rates are averaging 0.92 percent. Average jumbo CD rates for 1 year and 2 year certificates of deposit are only 1 basis point higher and 5 year jumbo CD rates are also averaging 0.92 percent.The best CD bank rates on our 1 year certificates of deposit rate list are at 1.10 percent, more than 4 times the FDIC average. The best 2 year CD rates on our 2 year rate list are at 1.25 percent, almost 3 times the FDIC average. The best 5 year CD rates on our rate list are at 1.78 percent, almost 2 times the average. Below are list of the top 5 rates for 1 year, 2 year and 5 year certificates of deposit.     Read more...

Highest 6 Month Bank CD Rates at 0.92 Percent

Current record low mortgage rates has been a godsend for homeowners refinancing and for home buyers. Unfortunately record low interest rates also means record low CD rates and savings rates. The Federal Reserve just unleashed more easing to drive interest rates even lower, the Fed also said it plans to keep the Fed funds rate near zero percent until mid 2015. This means deposit rates will stay low for at least three more years and probably longer.In this week's National Rate survey released by the FDIC average 6 month CD interest rates are at 0.17 percent and average 6 month jumbo CD rates are at 0.18 percent, rather pathetic average rates if you ask me. Many banks are offering 6 month CD rates just above the average of 0.17 percent but thankfully there are still some banks interested in raising deposits so they are offering 6 month rates well above the average rate.The best CD rates on 6 month certificates of deposit are available at many times the FDIC average. The highest CD rate on our 6 month rate list is from Doral Bank at 0.92 percent with an APY of 0.92 percent, more than 5 times the FDIC average rate.     Read more...

Comparison of Long Term National CD Rates

Average CD rates for both short term and long term certificates of deposit are very low these days. Unfortunately CD rates will stay at very low levels for at least the next three years. The Federal Reserve just announced it will keep the Federal funds rate in a targeted range of zero percent to one quarter percent until mid-2015. The Fed recently extended the time period from the end of 2014 until mid-2015 to help the economy and lower the unemployment rate. A near zero percent Fed funds rate will keep downward pressure on all interest rates, including deposit rates.Current 3 year bank CD rates are averaging 0.58 percent and current 3 year jumbo CD rates are averaging 0.59 percent in the FDIC's Weekly National Rate and Rate Caps Survey. The best CD rates on 3 year certificates of deposit are more than double the national average. The highest CD rates on 36 month certificates of deposit on our rate list are from CIT Bank. Current CIT Bank CD rates on 3 year CD accounts are at 1.41 percent with an APY of 1.42 percent. The minimum opening deposit for a CIT Bank certificate of deposit is $1,000.The second highest CD interest rates on our 3 year rate list are from Discover Bank. Current 3 year Discover Bank CD rates are at 1.34 percent with an APY of 1.35 percent. The minimum opening deposit for a Discover certificate of deposit is $2,500.     Read more...

60 Month CD Rates: Best CD Bank Rate at 1.85% APY

For over 4 years we have been reporting on CD rates moving lower and lower.  Back just before the financial crisis in 2008 there were bank CD rates available as high as 5.00 percent on 12 month certificates of deposit. The best CD rates on 60 month certificates of deposit were also around 5.00 percent. Discover Bank CD Rates on 5 year certificates of deposit were at 5.21 percent APY. Right now the highest CD rates on 5 year certificates of deposit are under 2.00 percent and the highest CD rates on 1 year certificates of deposit are just north of 1.00 percent.Right now the best CD bank rate on our 5 year certificate of deposit rate list is from CIT Bank at 1.83 percent with an APY of 1.85 percent. A 5 year CD rate of 1.83 percent doesn't sound like a great rate compared to where rates were several years ago but when compared to the FDIC national average 5 year CD rate of 0.98 percent things start to look a lot better.The second highest CD rates at banks on our 60 month certificates of deposit rate list is also well above the FDIC national average. Third Federal Savings and Loan is offering 60 month CD interest rates at 1.74 percent with an APY of 1.75 percent. Third Federal's rate is also well above Bankrate's current 5 year national average of 1.36 percent.     Read more...

5 Year Bank CD Rates: Best CD Rate at 1.78 Percent

Just a few years ago 1 year bank CD rates were higher than where 5 year CD rates are today. These days you can't really find 5 year CD rates at banks above 2.00 percent. The best CD rate on our 5 year rate list is from Barclays Bank, a bank that recently entered the U.S. market.Barclays Bank is offering 5 year CD interest rates at 1.78 percent with an APY of 1.80 percent. Barclays Bank 5 year rate is 37 basis points higher than the current national average 5 year CD rate of 1.41 percent. The FDIC's national average 5 year rate is even lower at 1.06 percent.Other banks offering some of the best CD rates on 5 year CDs include Discover Bank, Third Federal Savings and Loan and Intervest National Bank. 5 year CD rates at all three banks are currently at 1.73 percent with an APY of 1.75 percent.     Read more...

National 3 Month CD Interest Rates: Best CD Rate at 0.66 Percent

The current FDIC national average 3 month CD rate is 0.13%, the FDIC's rate cap is 0.88 percent. There are many banks offering 3 month CD rates higher than the average but right now no CD rates at banks on our list has a rate as high as the FDIC's cap of 0.88 percent.EverBank has the best 3 month CD rate at 0.66 percent with an an APY of 0.66 percent. The minimum opening CD account balance at EverBank is $1,500.Right behind EverBank is E-Loan with the second highest 3 month CD rate on our list. E-Loan's current 3 month CD rate and yield is 0.65 percent. The current 3 month E-Loan CD rate is higher than their 6 month (.050%) and 9 month (0.60%) rates. E-Loan's minimum opening balance is $10,000.     Read more...

CD Rates in Philadelphia: Best 12 month CD APY at 1.27%

Right now on our list of the best CD rates in Philadelphia, PA, Bank of Internet has the best 12 month CD rate. Bank of Internet's current 12 month CD rate is 1.26% with a CD yield of 1.27%. That rate is more than double the current national average of 0.54% as reported by MonitorBankRates.com.Get the highest CD rates by searching our rate tables here: Highest CD Rates. You can find the best CD rates in your state from banks and credit unions.The second highest CD rate on our list in Philadelphia is from E-Loan.com. E-loan's CD rate is 1.25% with a CD yield of 1.26%. That rate is also more than double the national average.     Read more...

Highest 12 Month CD Rates - PA

The Federal Open Market Committee's recent decision to keep the fed funds rate in a targeted range of 0% to 1/4% will keep CD rates at these low levels for the next several months. In fact, we might not see CD rates head higher until late in 2010 or early 2011. That being said, finding highest CD rates isn't an easy task.  To make sure search easier we have complied a list of the highest 12 month CD rates in the state of Pennsylvania. Searching for the highest CD rates at banks and credit unions? Use our CD rates table at CDRates.MonitorBankRates.com to find the highest bank CD rates and credit union CD rates in your area.Flagstar Bank and Sallie Mae Bank have the highest 12 month CD rates on our list of rates in PA. Both Flagstar Bank and Sallie Mae are offering their 12 month CD rate at 1.54 percent with an annual percentage yield of 1.55 percent. That CD rate and CD yield is almost double the current national average rates. Flagstar Bank’s minimum opening CD account deposit is $500 and Sallie Mae Bank’s minimum opening deposit is $1.     Read more...

American Bank Online CD Rates

American Bank Online of Allentown, Pennsylvania, is offering Personal Certificates of Deposit, Traditional IRA and Roth IRA certificates of deposit and Coverdell Education certificates of deposit. The bank's CD rates are very competitive and are some of the highest CD rates available right now. The minimum opening deposit is $500 except for IRA certificates of deposit which have a minimum opening deposit of $250.Looking for the best CD Rates? Use our CD rate tables at CDRates.MonitorBankRates.com to find the highest CD rates.The bank is also advertising a 120 day Instant Access certificate of deposit. The current 120 day CD rate is 0.80 percent with an annual percentage yield of 0.80 percent. 120 day Instant Access CDs are not available for IRAs.     Read more...

American Bank CD Rates

American Bank Online of Allentown, Pennsylvania, is advertising some of the best CD rates currently available. American Bank is advertising regular certificates of deposit and Individual Retirement Account (IRA) certificates of deposit. The certificate of deposit terms range between 3 months and 60 months. The minimum opening balance for a regular certificate of deposit is $500. IRA certificates of deposit require a minimum opening deposit of $250.American Bank is also advertising a 120 day Instant Access certificate of deposit. The 120 day Instant Access certificate of deposit currently has a CD rate of 0.80 percent with an an annual percentage yield of 0.80 percent. That CD rate is one of the highest CD rates at banks available for a 120 day certificate of deposit.The bank's longest term certificate of deposit, their 5 year CD, currently has a CD rate of 2.86 percent with an APY of 2.90 percent. That bank CD rate beats the 5 year national average CD rate of 2.315 percent.     Read more...

Online CD Rate Promo

online-cd-rate-promoOneWest Bank of Pasadena, CA is offering a special online promotional 18 month CD rate that currently has an annual percentage rate (APR) of 2.57 percent with an annual yield (APY) of 2.60 percent. One of the best CD rates around today.OneWest Bank was formerly IndyMac Bank, then IndyMac Federal Bank when the bank went into receivership.The 2.60 percent yield is well above the national average for 18-month certificate of deposit rates. OneWest bank is offering one of the highest CD rates for an 18-month CD.     Read more...

Ally Bank CD Rates Lowered

ally-bank-cd-rates-loweredAlly Bank has lowered their CD Rates, bowing to pressure from the American Bankers Association and the FDIC. Ally was offering some of the best CD rates around recently. Their 12 month certificate of deposit had a yield of 2.80 percent until today, the bank lowered it to an annual percentage yield of 2.48 percent. The new rate and yield is still one of the highest CD rates around with the national average this week for a 12 month CD is 1.39 percent.Ally Bank's no penalty 9 month CD has also been lowered - the annual percentage rate is now 2.27 percent, down from 2.47 percent, with a new annual percentage yield of 2.30 percent, down from 2.50 percent.Depositors who use a certificate of deposit as a safe investment option are going to lose out, not only because Ally Bank has lowered their bank CD rates, now other banks will feel less pressure to raise their CD rates to a level to compete with Ally.     Read more...

Are Some Bank CD Rates Risky?

are-some-bank-cd-rates-riskyBelieve it or not there is a fight brewing over CD Rates. The American Bankers Association's (ABA) President & CEO, Edward Yingling, sent a letter to the FDIC's Chairwoman, Sheila Bair, basically saying the FDIC needs to do it's job and stop Ally Bank (formally GMAC Bank) from offering some of the highest CD rates in the nation. Bank CD rates which are more than double the national average for some CD depositsWhy should this bother the ABA? Their contention is Ally Bank is a troubled bank that is using a strategy of aggressively growing deposit funds to grow its way out of problems. When this strategy was used in the past by troubled banks, like in the 1980's, deposit interest rates were driven up because healthy banks had to competitive with rates to entice and keep depositors. This strategy was known as the "Texas Premium" because most of the troubled banks resided in the Southwest.Ally Bank's chief executive officer, Alvaro de Molina, fired back at the ABA saying "Ally Bank has capital well in excess of Federal Deposit Insurance Corp. requirements and is better capitalized than many of your members".     Read more...

FDIC List of Troubled Banks and the Texas Ratio

The Federal Deposit Insurance Corporation (FDIC) maintains a list of problem banks that isn't published or shared with anyone else. So how can the average depositor or lender know if their bank is a problem bank about to fail?

The Texas Ratio is one measure that might offer a clue. The ratio was developed by RBC Capital Markets analyst Gerard Cassidy in the 1980's to forecast which banks could fail during the 1980's real estate bubble...Deja vu, anyone?

The ratio is devised by comparing a bank's troubled loans to its capital. If the amount of bad loans equals or exceeds its capital, a ratio of 100% or higher, the bank might not have enough capital to cover its losses related to the bad loans on its books. Updated Failed Bank List Below:

    Read more...

Explore Other Rate Deals

hsbc-advance-online-savings-account-rateHSBC Advance, the online banking division of HSBC formerly known as HSBC Direct, is offering an online savings account rate that is more than double the national average savings account rate. The bank's current savings account rate is 1.24 percent with an annual percentage yield of 1.25 percent.
best-savings-account-ratesThe national average savings account rate/money market account rate is rather pathetic these days.
For the first time ever, average 30 year jumbo mortgage rates are lower than 30 year conforming mortgage rates in a recent mortgage survey. The Mortgage Bankers Association released their Weekly Mortgage Applications Survey showing average 30 year jumbo rates at 4.71 percent and average 30 year conforming rates at 4.73 percent.

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