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Home Savings Bank's CD Rates and Financial Information

Home Savings Bank Main Address and Contact Information

1455 East 2100 South Street
Salt Lake City, Utah 84105

Home Savings Bank FDIC Certification Number

26798

Home Savings Bank

Website: http://www.hsbutah.com/banking.php
Rating: StarStarStarStar  (4 out of 5)100

Home Savings Bank Jumbo CD Rates

Product APY Rate Min. Deposit
6 month jumbo CD 0.750% 0.750% $100,000.00

Home Savings Bank IRA CD Rates

Product APY Rate Min. Deposit
1 yr IRA CD 1.350% 1.340% $5,000.00
Rates Updated: 09/18/2017

Articles Related to Home Savings Bank

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 1 Year CD Rates April 5, 2017

CD rates continue to move higher this week. We look for the trend of higher CD rates to continue in 2017 as long as there isn't a recession. The Fed is expected to increase the federal funds rate at least two more times this year, which will put more upward pressure on CD rates.

This week, the best 1 year CD rate in the database is now at 1.49 percent with an APY of 1.50 percent. A couple of weeks ago, the top 1 year CD rate was 5 basis points less.

The current national average 1 year CD rate also moved higher this week over last. The current national average 1 year CD rate is at 1.26 percent, up from last week's average of 1.30 percent.

Listed below is top ten 1 year CD rates currently available.

Top Ten 1 Year CD Rates

  1. Connexus Credit Union 1.49% APY 1.50%
  2. VirtualBank 1.45% APY 1.46%
  3. Banesco USA 1.45% APY 1.45%
  4. PurePoint Financial 1.39% APY 1.40% (Tied for 4th place)
  5. Live Oak Bank (Tied for 4th place)
  6. My e-BAnC by BAC Florida Bank (Tied for 4th place)
  7. CD Bank 1.36% APY 1.36%
  8. M.Y. Safra Bank, FSB 1.35% APY 1.36%  (Tied for 6th place)
  9. TAB Bank 1.35% APY 1.36%  (Tied for 6th place)
  10. Synchrony Bank 1.34% APY 1.35% (Tied for 7th place)
  11. AloStar Bank of Commerce 1.34% APY 1.35% (Tied for 7th place)
  12. Home Savings Bank 1.34% APY 1.35% (Tied for 7th place)
  13. First Internet Bank of Indiana 1.32% APY 1.33%
  14. CIT Bank 1.31% APY 1.32%
  15. PenFed 1.30% APY 1.31%

You can view a list of CD rates for all CD terms at MonitorBankRates.com.

    Read more...
This Past Week's CD Rate Changes

Eight banks and one credit union in our database changed some of their CD rates this past week. Most of the CD rate changes were higher, which was nice to see. EverBank CD rates were changed more than once this past week, the most recent changes are at the top of the rate list below.

There is some good news regarding bank CD rates possibly moving higher in the near future. Despite September's employment numbers being slightly weaker than expected, CNBC reported the probability of a fed rate hike moved higher this morning. CNBC is basing their report on the CME Group's FedWatch Tool. The tool is used to track the market's expectation of a rate hike. Before the employment report, the probability of a December rate hike was at 63.9 percent. After Friday's report was released, it moved up to 70.2 percent.

If there is a December rate hike, it will most likely be 25 basis points. This hike might entice banks to increase their short term and intermediate term CD rates. If there is a rate hike, we won't see all banks and credit union increase their CD rates. It's likely that some online banks with the highest current CD rates will increase their rates.

The best CD rates on our 1 year certificates of deposit rate list are currently at 1.30 percent. A 0.25 percent fed fund rate hike might send the best 1 year rates towards 1.50 percent. It's been several years since we've seen 1 year rates as high as 1.50 percent.

This past week's CD rate changes are listed below.

Bank or Credit Union

ProductRate (New / Old)Yield (New / Old)
EverBank3 month CD0.65 / 0.690.65 / 0.69
EverBank1 yr CD1.23 / 1.21.24 / 1.21
EverBank2 yr CD1.45 / 1.41.46 / 1.41
EverBank3 yr CD1.59 / 1.551.6 / 1.56
EverBank5 yr CD1.87 / 1.791.89 / 1.81
EverBank3 month jumbo CD0.65 / 0.690.65 / 0.69
EverBank1 yr jumbo CD1.23 / 1.21.24 / 1.21
EverBank5 yr jumbo CD1.87 / 1.791.89 / 1.81
EverBank2 yr jumbo CD1.45 / 1.41.46 / 1.41
EverBank3 yr jumbo CD1.59 / 1.551.6 / 1.56
EverBank4 yr CD1.7 / 1.651.71 / 1.66
EverBank4 yr jumbo CD1.7 / 1.651.71 / 1.66
California First National Bank1 yr CD1.17 / 1.191.18 / 1.2
California First National Bank1 yr jumbo CD1.17 / 1.191.18 / 1.2
State Farm Bank5 yr CD1.69 / 1.591.7 / 1.6
State Farm Bank5 yr jumbo CD1.69 / 1.591.7 / 1.6
Discover Bank5 yr jumbo IRA CD1.74 / 1.831.76 / 1.85
Luana Savings Bank4 yr jumbo CD1.35 / 1.41.36 / 1.41
Astoria Bank2 yr CD0.95 / 0.750.95 / 0.75
Astoria Bank5 yr CD1.39 / 1.241.4 / 1.25
Pentagon Federal Credit Union1 yr CD1.2 / 11.21 / 1.01
Pentagon Federal Credit Union2 yr CD1.3 / 1.151.31 / 1.16
Pentagon Federal Credit Union3 yr CD1.3 / 1.151.31 / 1.16
Pentagon Federal Credit Union5 yr CD1.3 / 1.21.31 / 1.21
Pentagon Federal Credit Union4 yr CD1.3 / 1.151.31 / 1.16
Capital One 360 Bank6 month CD0.4 / 0.90.4 / 0.9
Capital One 360 Bank1 yr CD0.75 / 0.90.75 / 0.9
Capital One 360 Bank6 month jumbo CD0.4 / 0.90.4 / 0.9
Capital One 360 Bank1 yr jumbo CD0.75 / 0.90.75 / 0.9
Capital One 360 Bank9 month CD0.4 / 0.90.4 / 0.9
Capital One 360 Bank9 month jumbo CD0.4 / 0.90.4 / 0.9
KS StateBank1 yr jumbo CD1.15 / 11.16 / 1
EverBank3 month CD0.69 / 0.70.69 / 0.7
EverBank2 yr CD1.4 / 1.451.41 / 1.46
EverBank3 yr CD1.55 / 1.591.56 / 1.6
EverBank5 yr CD1.79 / 1.891.81 / 1.91
EverBank3 month jumbo CD0.69 / 0.70.69 / 0.7
EverBank5 yr jumbo CD1.79 / 1.891.81 / 1.91
EverBank2 yr jumbo CD1.4 / 1.451.41 / 1.46
EverBank3 yr jumbo CD1.55 / 1.591.56 / 1.6
EverBank4 yr CD1.65 / 1.761.66 / 1.78
EverBank4 yr jumbo CD1.65 / 1.761.66 / 1.78
Home Savings Bank6 month CD0.5 / 0.30.5 / 0.3
Home Savings Bank1 yr CD1 / 0.91 / 0.9
Home Savings Bank2 yr CD1.24 / 1.091.25 / 1.1
Home Savings Bank3 yr CD1.49 / 1.191.5 / 1.2
Home Savings Bank5 yr CD1.88 / 1.831.9 / 1.85
Home Savings Bank6 month jumbo CD0.5 / 0.30.5 / 0.3
Home Savings Bank1 yr jumbo CD1 / 0.91 / 0.9
Home Savings Bank5 yr jumbo CD1.88 / 1.831.9 / 1.85
Home Savings Bank18 month CD1.04 / 0.951.05 / 0.95
Home Savings Bank2 yr jumbo CD1.24 / 1.091.25 / 1.1
Home Savings Bank18 month jumbo CD1.04 / 0.951.05 / 0.95
Home Savings Bank3 yr jumbo CD1.49 / 1.191.5 / 1.2
Home Savings Bank4 yr CD1.69 / 1.491.7 / 1.5
Home Savings Bank4 yr jumbo CD1.69 / 1.491.7 / 1.5
    Read more...
Home Savings Bank 1 Year Jumbo CD Rates now at 0.90%
Home Savings Bank 1 Year Jumbo CD rates are now at 0.90 percent with a yield of 0.90 percent. View current 1 Year Jumbo CD rates at Home Savings Bank below.     Read more...
Home Savings Bank Lowers Internet CD Rates

Home Savings Bank, headquartered in Youngstown, Ohio, has recently lowered CD rates on their 1 and 2 year internet certificates of deposit. Home Savings Bank lowered CD rates by 10 basis points on their regular certificates of deposit and 20 basis points on their jumbo certificates of deposit.

The new lower rates on the bank's internet certificates of deposit are still higher than the bank's traditional brick and mortar CD rates. The rates are still also very competitive as compared to other bank CD rates.

For example, the new 1 year internet CD rate is 1.14 percent with a yield of 1.15 percent. The rate is higher than the average 1 year CD rate currently at 1.09 percent and Home Savings Bank's 1 year rate is still in the top seven rates available in the rate database. The current CD rate changes are listed below:

Home Savings Bank CD Rate Changes

BankCD ProductRate (New / Old)Yield (New / Old)
Home Savings Bank1 yr CD1.14 / 1.241.15 / 1.25
Home Savings Bank2 yr CD1.24 / 1.441.25 / 1.45
Home Savings Bank1 yr jumbo CD1.14 / 1.241.15 / 1.25
Home Savings Bank2 yr jumbo CD1.24 / 1.441.25 / 1.45

Opening a CD account online is quick and easy and it will only take around 10 minutes. You must be a U.S. Citizen or resident alien. You need to be 18 years or older, have a U.S. address, a social security number, and a state issued drivers license or identification card.

CD account disclosers, which we had to dig deeply for on hsbutah.com, are listed below.

Facts on Home Savings Bank CD Accounts

  • Minimum opening balance is $5,000
  • Interest is compounded every day
  • Interest is credited to your account at maturity (for terms of 7 months or less) or quarterly
    (for terms of more than 7 months). Another option is to have interest paid by check or to another
    bank account rather than credited to the Home Savings Bank account.
  • CD accounts will automatically renew at maturity

Home Savings Bank Early Withdrawal Penalties

  • If the account has an original maturity of four months or less:  The fee the bank may impose will equal 30 days interest on the amount withdrawn subject to penalty.
  • If your account has an original maturity of six months to 15 months: The fee the bank may impose will equal three months interest on the amount withdrawn subject to penalty.
  • If your account has an original maturity of more than 15 months: The fee the bank may impose will equal six months interest on the amount withdrawn subject to penalty.

In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some
cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is
part of an IRA or other tax-deferred savings plan.

To see a list of all Home Savings Bank CD Rates or to fill out an online CD account application go to Home Savings Bank CD Rates and Application.

    Read more...
1.30% APY - This Week's Top 1 Year Rate
The Federal Open Market Committee meets in just over a week to decide on interest rates. August job's report, released last Friday, showed the labor market continuing to improve, adding pressure to the Fed to increase the fed funds rates.     Read more...
Banks Hold Steady on CD Rates - Top Rates Remain Unchanged this Week
There were no changes to the highest CD rates available in our database this week. Financial institutions are probably holding tight on rates to see if the Federal Reserve increases the fed funds rates next month. An increase was more than likely but the recent equity market declines have made an increase less likely.     Read more...
CD Rate Report - August 20, 2015 - Top 1 Year CD Rate at 1.30% APY
There were only 2 CD rate changes this week as financial institutions wait for the September Federal Reserve meeting and potential rate hike. My e-BAnC by BAC Florida Bank increased their 18 month rate 1 basis point to 1.21 percent APY and EverBank lowered their 4 year rate to 1.87 percent, a decline of 4 basis points.     Read more...
CD Rate Report August 10, 2015
There were several changes to CD rates this week. The good news is, most of the changes were higher and there was only 1 decrease. The biggest increases were on EverBank's 3 month rate and E-Loan's 3 year rate. E-Loan also had the majority of increases this week.     Read more...
CD Rate Report August 3, 2015
Average CD rates moved higher this week for all CD terms with the exception of 3 month rates. The biggest average CD rate increase was on the longest term certificates of deposit. 5 year CD rates on average increased from 1.66 percent last week to 1.76 percent this week.     Read more...

Compare Home Savings Bank's CD Rates With Other Bank Rates Below

Home Savings Bank Financials

Total Assets: $107,656,000
Total Deposits: $94,742,000
Equity Capital: $12,496,000
Domestic Deposits: $94,742,000
Net Income: $150,000
Net Income (Quarterly): $150,000
Headquarters: Salt Lake City
FDIC Field Office: Salt Lake City
Regulator: FDIC
County: Salt Lake
# of Offices: 3
Metropolitan Statistical Area (MSA): Salt Lake City-Ogden, UT
Consolidated Metropolitan Statistical Area (CMSA):
OTS Region: West
FDIC Region: San Francisco
Last Updated: 2006-11-03
Source: FDIC