MyCBB Information and Current CD Rates
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MyCBB CD Rates
Rates Updated: 12/30/2016
Articles Related to MyCBB
3/1/16 - Best Variable Deposit Rates
Listed below are the best variable deposit rates for March 1, 2016. For a list of today's deposit rates search our database of rates at Deposit Rates.
Best Money Market Account Rates
Best Savings Account Rates
Top Deposit Rates for February 24, 2016
Listed below are the top online savings rates and money market rates for 2/24/16.
Top Online Savings Account Rates
Money Market Account Rates
To see variable deposit rates from many banks and credit unions search our rate table at Deposit Rates.Read more...
Seven Banks Changed CD Rates in the Past Day
Seven different Banks changed CD rates the past day. The CD rate changes were to both short term and long term certificates of deposit. You can see how these new CD rates compare with other bank's rates for similar CD terms at MonitorBankRates.com.
Variable Deposit Rate Report for January 14, 2016
A few banks have increased their rates, so average deposit rates are slightly higher this week. Variable deposit rates have been stable so far in 2016 but that will change in the coming months. The biggest force behind any deposit rate increases is the Federal Open Market Committee (FOMC). The FOMC meets again in less than 2 weeks to decide on interest rate policy.
The Fed is widely expected to keep the fed funds rate in the current range of 0.25 percent to 0.50 percent. As of today, there is a 90.5 percent chance the Fed won't increase the fed funds rate according to the CME Group's Fed Watch Tool. The next Fed meeting is in March and as of today there is only a 34.5 percent probability the Fed will increase the rate during that meeting.
Deposit rates will move higher in 2016. The question isn't if, but when. Listed below are this week's best savings rates and money market rates.
Money Market Rates
Christmas Day 2015 Variable Deposit Rates
2016 will be a better year for deposit rates after many years of watching rates decline to historic lows. The Fed will most likely increase the fed funds rate at least 3 or 4 times in 2016, on top of the 1 rate increase in 2015. While banks and credit unions haven't increased rates yet, it's only a matter of time before they do.
Let's look forward to higher fixed and variable bank rates in 2016. Listed are the best savings rates and money market rates on Christmas Day 2015. You can check on all current deposit rates by searching our database of interest rates at MonitorBankRates.com.
Best Savings Rates Christmas Day
Best Money Market Account Rates Christmas Day
Unemployment Low and Hourly Wages Up Should Mean a Rate Increase
The Fed meets in just over a month to decide on monetary policy. The strong November employment report makes it more likely the Fed participants will vote to increase the fed funds rate. A higher fed funds rate will lead to higher variable deposit rates, possibly as soon as next month.
November's unemployment rate fell to 5.00 percent and average hourly earnings have risen by 2.5 percent over the past year. The unemployment rate is now at the lowest level since April 2008, just before the financial crisis. The rate is also at a point where many Fed officials see as consistent with full employment.
Full employment and higher wage growth should force the Fed to vote on increasing rates. The CME Group's Fed Watch Tool puts the probability of a rate hike in December at 65.9 percent. Whether or not the rate is increased will depend on December's employment report.
Listed below are the most current savings rates and money market rates available in the rate database.
Savings Account Rates
Money Market Account Rates
Average Deposit Rates November 13, 2015Read 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
3 Month Rates/Yields
6 Month CD Rates/Yields
1 Year CD Rates/Yields
18 Month CD Rates/Yields
2 Year CD Rates/Yields
3 Year CD Rates/Yields
4 Year CD Rates/Yields
5 Year CD Rates/Yields
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...
10/14/15 - Variable Deposit Rates - Highest Savings Rates at 1.10% APY
Banks kept variable deposit rates near current levels because the Federal Reserve decided not to increase the fed funds rate. The Fed meets again this month to decide interest rate policy and it's looking less likely the Fed will increase the rate this month.
The CME Group's FedWatch Tool has only about a 5 percent chance of a change in monetary policy at the October Fed meeting. Listed below are the best savings rates and money market rates. You can search our rate database for both national and regional rates at SavingsAccount.MonitorbankRates.com
Variable Deposit Rates for October 14, 2015
Highest Money Market Rates
Highest Savings Rates
October 14, 2015 Average Deposit Rates
9/30/15 Deposit Rate Report
By now you have probably heard the Fed didn't increase the fed funds rate this month so deposit rates have mostly remained the same. There is still hope for an increase in October's meeting but a lot will depend on September's employment report due to be released on Friday.
September 30, 2015 Deposit Rate Report
Best Money Market Rates
Best Savings Rates
Average Deposit Rates
Check on current variable deposit rates at anytime by searching our database at SavingsAccount.MonitorbankRates.comRead more...
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