Bank Direct Information and Current CD Rates

Main Address and Contact Information


,

FDIC Certification Number


Bank Direct

Phone: (877) 404-5468
Rating: StarStarStarStar  (4 out of 5)100

Bank Direct CD Rates

Product APY Rate Min. Deposit
3 Month CD from Bank Direct
Bank Direct
0.4
0.4
4
100
3 month CD 0.400% 0.400% $10,000.00
6 Month CD from Bank Direct
Bank Direct
0.2
0.2
4
100
6 month CD 0.200% 0.200% $10,000.00
1 Year CD from Bank Direct
Bank Direct
1.1
1.09
4
100
1 yr CD 1.100% 1.090% $10,000.00
2 Year CD from Bank Direct
Bank Direct
1.25
1.24
4
100
2 yr CD 1.250% 1.240% $10,000.00
2.5 Year CD from Bank Direct
Bank Direct
1.15
1.14
4
100
2.5 yr CD 1.150% 1.140% $1,000.00
3 Year CD from Bank Direct
Bank Direct
1.45
1.44
4
100
3 yr CD 1.450% 1.440% $10,000.00
3 Month $25K CD from Bank Direct
Bank Direct
0.4
0.4
4
100
3 month $25K CD 0.400% 0.400% $25,000.00
6 Month $25K CD from Bank Direct
Bank Direct
0.2
0.2
4
100
6 month $25K CD 0.200% 0.200% $25,000.00
3 Month $50K CD from Bank Direct
Bank Direct
0.4
0.4
4
100
3 month $50K CD 0.400% 0.400% $50,000.00
6 Month $50K CD from Bank Direct
Bank Direct
0.2
0.2
4
100
6 month $50K CD 0.200% 0.200% $50,000.00
18 Month CD from Bank Direct
Bank Direct
0.25
0.25
4
100
18 month CD 0.250% 0.250% $10,000.00
Rates Updated: 10/22/2014

Articles Related to Bank Direct

The Best CD Rates are Found Online
Finding the best CD rates available across the U.S. is easy but here are many factors to consider. Searching online for the best CD rates is obviously the best way to get the highest rate but did you know that some banks offer different CD rates for the same CD term?     Read more...
All CD Rates Move Higher as Bank CD Rates Increased

Bank CD rates are higher this week as ten different banks increased CD rates on a wide range of CD products. The largest increase was from TAB Bank, which increased their 6 month CD rate by 25 basis to 2.12 percent. TAB now has the second highest 6 month CD rate currently available. The highest 6 month rate is held by My eBanc at 2.20 percent.

    Read more...
Northern Bank Direct CD Rates Changed
Northern Bank Direct CD rates were recently changed. Most of the changes were higher except for CD rates on 2 year certificates of deposit. The largest CD rate changes were on Northern Bank Direct's 3 year and 5 year certificates of deposit.     Read more...
Highest CD Rates Move Higher as Banks Increase Rates
The highest CD rates continue to move higher as online banks increase rates again this week. 10 different online banks and credit unions increased a slew of CD rates over the past seven days. Rates on both short term and long term certificates of deposits moved higher.     Read more...
Top Money Market Rates at 1.41% This Week
There are new highs for money market rates and savings rates this week. The best variable deposit rate this week is from UFB Direct at 1.40 percent with an annual percentage yield of 1.41 percent. UFB Direct's variable account is actually called a money market savings account. The minimum opening deposit is $5k.     Read more...
Top 2 Year CD Rate Now at 1.70 Percent

The top CD rates continue to move higher as the best 2 year CD rate hits 1.70 percent this week. 2 year CD rates at Connexus Credit Union take the top spot this week at 1.69 percent with a yield of 1.70 percent. Connexus has the best rate this week but two banks are right on the credit union's tail.

Northern Bank Direct, EverBank, and Popular Direct have the second best 2 year rate this week at 1.64 percent with a yield of 1.65 percent. We have another three-way tie for third place, My e-BAnC by BAC Florida Bank, TAB Bank, and VirtualBank all have a current 2 year rate of 1.61 percent with a yield of 1.62 percent.

Not only are the top rates moving higher this week, average 2 year CD rates are also higher. The current average 2 year CD rate is at 1.50 percent, up from last week's average 2 year rate of 1.47 percent. Listed below are the top ten 2 year CD rates for the week ending April 15, 2017.

Best 2 Year CD Rates

  1. Connexus CU - Rate 1.69% Yield 1.70%
  2. Northern Bank Direct - Rate 1.64% Yield 1.65% (tied for 2nd place)
  3. Popular Direct - Rate 1.64% Yield 1.65% (tied for 2nd place)
  4. TAB Bank - Rate 1.60% Yield 1.61% (tied for 3rd place)
  5. My e-BAnC by BAC Florida Bank - Rate 1.60% Yield 1.61% (tied for 3rd place)
  6. VirtualBank - Rate 1.60% Yield 1.61% (tied for 3rd place)
  7. Banesco USA - Rate 1.60% Yield 1.60%
  8. Capital One Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
  9. Synchrony Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
  10. M.Y. Safra Bank, FSB - Rate 1.59% Yield 1.60% (tied for 5th place)
  11. iGObanking.com - Rate 1.59% Yield 1.60% (tied for 5th place)
  12. Congressional Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
  13. iGObanking.com - Rate 1.59% Yield 1.60% (tied for 5th place)
  14. First Internet Bank of Indiana - Rate 1.56% Yield 1.57%
  15. CD Bank - Rate 1.55% Yield 1.56%
  16. Nationwide Bank - Rate 1.50% Yield 1.51% (tied for 8th place)
  17. Pentagon Federal Credit Union - Rate 1.50% Yield 1.51% (tied for 8th place)
  18. PurePoint Financial - Rate 1.49% Yield 1.50% (tied for 9th place)
  19. Home Savings Bank - Rate 1.49% Yield 1.50% (tied for 9th place)
  20. Live Oak Bank - Rate 1.49% Yield 1.50% (tied for 9th place)
  21. GS Bank - Rate 1.44% Yield 1.45%
    Read more...
Best Variable Deposit Rates October 12, 2016

Variable deposit rates have been slowly creeping up for the past several months. The interest rate increases have been small; in increments of less than 10 basis points for the most part. Even with the small increases, the best variable deposit rates are almost comparable to best the 1 year CD rates.

The best savings rate on our rate database is at 1.25 percent with an APY of 1.26 percent from Popular Direct. This savings rate is only 4 basis points lower than the top 1 year CD rate in our database at 1.29 percent with a yield of 1.30 percent. The highest money market yield on our list is 5 basis point lower at 1.24 percent with a yield of 1.25 percent.

Listed below are today's current highest savings rates and money market rates

Highest Savings Rates

  1. Popular Direct 1.25% Yield 1.26%
  2. Synchrony Bank 1.04% Yield 1.05% (tied for 2nd place)
  3. AloStar Bank of Commerce 1.04% Yield 1.05% (tied for 2nd place)
  4. Goldman Sachs Bank USA 1.04% Yield 1.05% (tied for 2nd place)
  5. Barclays Bank 1.00% Yield 1.00% (tied for 3rd place)
  6. Ally Bank 1.00% Yield 1.00% (tied for 3rd place)
  7. Radius Bank 1.00% Yield 1.00% (tied for 3rd place)
  8. iGObanking.com 1.00% Yield 1.00% (tied for 3rd place)
  9. FNBO Direct 0.95% Yield 0.95% (tied for 4th place)
  10. CIT Bank 0.95% Yield 0.95% (tied for 4th place)
  11. Discover Bank 0.95% Yield 0.95% (tied for 4th place)
  12. American Express Bank 0.90% Yield 0.90% (tied for 5th place)
  13. Pacific National Bank 0.90% Yield 0.90% (tied for 5th place)

Highest Money Market Rates

  1. East Boston Savings Bank Direct 1.24% Yield 1.25%
  2. EverBank 1.11% Yield (promotional rate)
  3. Dime 1.09% Yield 1.10% (tied for 2nd place)
  4. iGObanking.com 1.09% Yield 1.10% (tied for 2nd place)
  5. Capital One 1.00% Yield 1.00% (tied for 3rd place)
  6. California First National Bank 1.00% Yield 1.00% (tied for 3rd place)
  7. Pacific National Bank 1.00% Yield 1.00% (tied for 3rd place)
  8. ableBanking, a division of Northeast Bank 1.00% Yield 1.00% (tied for 3rd place)
  9. Sallie Mae 0.90% Yield 0.90%
  10. Synchrony Bank 0.85% Yield 0.85% (tied for 4th place)
  11. Ally Bank 0.85% Yield 0.85% (tied for 4th place)
  12. EH National Bank 0.81% Yield 0.81%

To view a current list of savings account rates and money market account rates search our database at SavingsAccount.MonitorBankRates.com.

    Read more...
1.35% APY - New Highest 1 Year CD Rate in our Database

We have a new best 1 year CD rate in our database. Colorado Federal Savings Bank recently increased their 1 year rate and now has the highest 1 year CD rate at 1.34 percent with a yield of 1.35 percent. Connexus Credit Union had the top 1 year rate at 1.32 percent with a yield of 1.33 percent. You can view a complete list of 1 year CD rates in our database below.

Current 1 Year CD Rates

  • Colorado Rate FSB Rate 1.34% Yield 1.35%
  • Connexus Credit Union Rate 1.32% Yield 1.33%
  • Live Oak Bank Rate 1.29% Yield 1.30%
  • AloStar Bank of Commerce Rate 1.25% Yield 1.26%
  • California First National Bank Rate 1.25% Yield 1.26%
  • My e-BAnC by BAC Florida Bank Rate 1.25% Yield 1.26%
  • Synchrony Bank Rate 1.24% Yield 1.25%
  • Bank Direct Rate 1.24% Yield 1.25%
  • Sallie Mae Rate 1.24% Yield 1.25%
  • iGObanking.com Rate 1.24% Yield 1.25%
  • CIT Bank Rate 1.22% Yield 1.23%
  • First Internet Bank of Indiana Rate 1.20% Yield 1.21%
    Read more...
1.33% APY - New Top 1 Year Top CD Rate in the Database

There is a new top rate in our 1 year CD rate database. Connexus Credit Union is now offering 1 year certificate rates at 1.32 percent with an APY of 1.33 percent. As with any credit union, you are required to join Connexus CU to open a certificate account and you must meet eligibility requirements or to make a one-time $5 donation to Connexus Association, which will in turn make you a member of the credit union.

If you're not eligible or you don't want to join Connexus, there are two online banks in our database offering 1 year rates only 3 basis points lower than Connexus' rate. CIT Bank and E-Loan are both offering 1 year rates at 1.29 percent with an APY of 1.30 percent.

Listed below are the highest 1 year CD rates for October 28, 2015.

1 Year CD Rates

  •  Connexus Credit Union 1.32% Yield 1.33%
  • CIT Bank 1.29% Yield 1.30%
  • E-Loan 1.29% Yield 1.30%
  • Synchrony Bank 1.24% Yield 1.25%
  • Sallie Mae 1.24% Yield 1.25%
  • iGObanking.com 1.24% Yield 1.25%
  • California First National Bank 1.21% Yield 1.22%
  • Bank Direct 1.20% Yield 1.21%
  • AloStar Bank of Commerce 1.20% Yield 1.21%
  • My e-BAnC by BAC Florida Bank 1.20% Yield 1.21%
  • Pentagon Federal Credit Union 1.20% Yield 1.21%
  • Colorado Federal Savings Bank 1.19% Yield 1.20%

You can check on CD rates for all certificate of deposit terms by searching our database at MonitorBankRates.com/CDRates.

    Read more...
CD Rates Hold Steady as Fed Meets Next Week to Decide Monetary Policy

The Federal Open Market Committee (FOMC) meets again next week to decide on monetary policy. If the FOMC decides to increase the fed funds rate, CD rates will also move higher. Fed Chair, Janet Yellen, is still talking up a rate hike sometime in 2015 but some Fed officials say the first hike will happen in 2016.

The final FOMC meeting for 2015 will be in December. If a hike doesn't happen next week, the FOMC has one final chance to raise the rate this year. The CME's FedWatch Tool now has a 29.2 percent chance of a hike in December, down from 35.4 percent last month.

The past several months, banks and credit unions in our rate database have been slowing increasing their rates in anticipation of a Fed rate hike. Both short term and long term CD rates have been increased by financial institutions. The increases have been small but at least rates are finally moving higher after a half dozen years of decreases.

Listed below are the highest CD rates currently available for both short term and long term certificates of deposit.

2 Month Rates/Yields

  • MyCBB 0.80% Yield 0.80%
  • Loan Star Bank 0.15% Yield 0.15%
  • Virtual Bank 0.15% Yield 0.15%
  • Citizens Trust Bank 0.10% Yield 0.10%

3 Month Rates/Yields

  • EverBank 0.55% Yield 0.55%
  • California First National Bank 055% Yield 0.55%
  • First Internet Bank of Indiana 0.45% Yield 0.45%
  • AloStar Bank of Commerce 0.40% Yield 0.40%
  • Goldwater Bank 0.40% Yield 0.40%
  • Virtual Bank 0.40% Yield 0.40%
  • Discover Bank 0.35% Yield 0.35%
  • Barclays Bank 0.35% Yield 0.35%
  • Nordstrom Bank 0.35% Yield 0.35%
  • TAB Bank 0.35% Yield 0.35%

6 Month CD Rates/Yields

  • AloStar Bank of Commerce 0.90% APY 0.90% (increased 0.10%)
  • California First National Bank 0.85% Yield 0.85%
  • MyCBB 0.85% Yield 0.85%
  • EH National Bank 0.80% Yield 0.80%
  • My e-BAnC by BAC Florida Bank 0.80% Yield 0.80%
  • ableBanking, a division of Northeast Bank 0.80% Yield 0.80%
  • Silvergate Bank 0.75% Yield 0.75%
  • Chartway Federal Credit Union 0.75% Yield 0.75%
  • giantbank.com 0.75% Yield 0.75%

1 Year CD Rates/Yields

  • CIT Bank 1.29% Yield 1.30% (increased 0.05%)
  • E-Loan 1.29% Yield 1.30%
  • Synchrony Bank 1.24% Yield 1.25%
  • Sallie Mae Bank 1.24% Yield 1.25%
  • iGObanking.com 1.24% Yield 1.25% 
  • California First National Bank 1.23% Yield 1.24%  (increased 0.04%)
  • Bank Direct 1.20% Yield 1.21%
  • AloStar Bank of Commerce 1.20% Yield 1.21%
  • My e-BAnC by BAC Florida Bank 1.19% Yield 1.20%  (increased 0.01%)
  • PenFed 1.20% Yield 1.21%
  • Colorado Federal Savings Bank 1.19% Yield 1.20%

18 Month CD Rates/Yields

  • E-Loan 1.34% Yield 1.35%
  • Synchrony Bank 1.24% Yield 1.25%
  • AloStar Bank of Commerce 1.20% Yield 1.21%
  • Virtual Bank 1.20% Yield 1.21%
  • My e-BAnC by BAC Florida Bank 1.20% Yield 1.21%
  • Discover Bank 1.19% Yield 1.20%
  • Ally Bank 1.18 Yield 1.19%

2 Year CD Rates/Yields

  • E-Loan 1.51% Yield 1.52%
  • XCEL Federal Credit Union 1.50% Yield 1.52%
  • Silvergate Bank 1.45% APY 1.46%
  • Synchrony Bank 1.44% Yield 1.45%
  • CIT Bank 1.34% Yield 1.45% (increased 0.05%)
  • Colorado Federal Savings Bank 1.44% Yield 1.45%
  • PenFed 1.40% Yield 1.41%
  • AloStar Bank of Commerce Rate 1.39% Yield 1.40%
  • California First National Bank 1.39% Yield 1.40%

3 Year CD Rates/Yields

  • E-Loan 1.83% Yield 1.85%
  • Silvergate Bank 1.65% Yield 1.66%
  • Sallie Mae 1.59% Yield 1.60%
  • Radius Bank 1.59% Yield 1.60%
  • Barclays Bank 1.54% Yield 1.55%
  • California First National Bank 1.54% Yield 1.55%
  • First Internet Bank of Indiana 1.50% Yield 1.51%
  • Synchrony Bank 1.49% Yield 1.50%
  • Discover Bank 1.49% Yield 1.50%
  • Ally Bank 1.49% Yield 1.50%
  • Lone Star Bank 1.49% Yield 1.50%
  • AloStar Bank of Commerce 1.48% Yield 1.50%

4 Year CD Rates/Yields

  • E-Loan 1.98% Yield 2.00% (increased 0.10%)
  • Nationwide Bank 1.84% Yield 1.86%
  • Barclays Bank 1.83% Yield 1.85%
  • CIT Bank 1.80% Yield 1.82%
  • Virtual Bank 1.77% Yield 1.78%
  • First Internet Bank of Indiana 1.75% Yield 1.76%
  • Discover Bank 1.74% Yield 1.76%
  • Synchrony Bank 1.73% Yield 1.75%

5 Year CD Rates/Yields

  • E-Loan 2.42% Yield 2.45%
  • Synchrony Bank 2.23% Yield 2.25%
  • Barclays Bank 2.23% Yield 2.25%
  • First Internet Bank of Indiana 2.15% Yield 2.17%

You can always find the most current online CD rates by searching our database of rates at Monitor Bank Rates. No personal information is required.

    Read more...

Compare Bank Direct's CD Rates With Other Bank Rates Below

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