TAB Bank's Information and Current CD Rates

Main Address and Contact Information


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FDIC Certification Number


TAB Bank

Website: https://www.tabbank.com/personal/personal.jsp
Rating: StarStarStarStarStar  (5 out of 5)100

Notes: Member FDIC. Great Rates on Savings.

TAB Bank CD Rates

Product APY Rate Min. Deposit
3 month CD 0.950% 0.950% $1,000.00
6 month CD 1.100% 1.090% $1,000.00
1 yr CD 1.650% 1.640% $1,000.00
2 yr CD 1.800% 1.780% $1,000.00
3 yr CD 1.900% 1.880% $1,000.00
5 yr CD 2.170% 2.150% $1,000.00
18 month CD 1.700% 1.690% $1,000.00
9 month CD 1.200% 1.190% $1,000.00
4 yr CD 2.000% 1.980% $1,000.00

TAB Bank IRA CD Rates

Product APY Rate Min. Deposit
3 month IRA CD 0.950% 0.950% $1,000.00
6 month IRA CD 1.100% 1.090% $1,000.00
1 yr IRA CD 1.650% 1.640% $1,000.00
2 yr IRA CD 1.800% 1.780% $1,000.00
3 yr IRA CD 1.900% 1.880% $1,000.00
5 yr IRA CD 2.170% 2.150% $1,000.00
18 month IRA CD 1.700% 1.690% $1,000.00
9 month IRA CD 1.200% 1.190% $1,000.00
4 yr IRA CD 2.000% 1.980% $1,000.00
Rates Updated: 11/20/2017

Articles Related to TAB Bank

Fed Stands Pat on Rates as Online CD Rates March Higher
The Federal Reserve wrapped up their two day meeting yesterday and decided to keep the fed rates unchanged. The Fed was expected to stand pat on rates during the September meeting. Even though the Fed kept rates where they are, online CD rates continue to march higher.     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 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...
CD Rates Report: 1 Year CD Rates as of January 14, 2017

Listed below is a current CD rates report for 1 year certificates of deposit as of January 14, 2017.

Current 1 Year CD Rates

  • Pentagon Federal Credit Union 1.35% Yield 1.36% (tied for 1st place)
  • EverBank 1.35% Yield 1.36% (tied for 1st place)
  • VirtualBank 1.30% Yield 1.31%
  • Live Oak Bank 1.29% Yield 1.30%
  • My e-BAnC by BAC Florida Bank 1.28% yield 1.29%
  • E-Loan 1.27% Yield 1.28% (tied for 5th place)
  • Popular Direct 1.27% Yield 1.28% (tied for 5th place)
  • Pacific National Bank 1.26% Yield 1.27%
  • California First National Bank 1.25% Yield 1.26% (tied for 7th place)
  • TAB Bank 1.25% Yield 1.26% (tied for 7th place)
  • Synchrony Bank 1.24% Yield 1.25% (tied for 8th place)
  • Colorado Federal Savings Bank 1.24% Yield 1.25% (tied for 8th place)
  • Salle Mae 1.24% Yield 1.25% (tied for 8th place)
  • AloStar Bank of Commerce 1.22% Yield 1.23% (tied for 9th place)
  • giantbank AloStar 1.22% Yield 1.23% (tied for 9th place)
  • CIT Bank 1.21% Yield 1.22% (tied for 10th place)
  • BankDirect 1.21% Yield 1.22% (tied for 10th place)

For a list of today's 1 year CD rates in our database go to MontiorBankRates.com.

    Read more...
TAB Bank CD Rates Changed

TAB Bank CD rates were changed on short term and intermediate term certificates of deposit. All the CD rate changes were higher with the exception of the 6 month rate. 6 month CD rates were lowered from 0.95 percent to 0.92 percent. Even with the 3 basis point decline, the 6 month CD rate at TAB Bank remains in 2nd place in our 6 month rate list.

TAB Bank's 1 year CD rate was increased from 1.21 percent with a yield of 1.22 percent to 1.24 percent with a yield of 1.25 percent. TAB's new 1 year CD rate places the bank in 3rd place on our 1 year rate list, up from 4th place before the rate increase.

You can search for and compare CD rates from many banks and credit unions by searching our rate lists at MonitorBankRates.com.

  • TAB's 2 year rate remains in 5th place on our 2 year rate list - 2 year CD rates were increased from 1.41 percent to 1.43 percent. 2 year yields were increased from 1.42 percent to 1.44 percent.  
  • TAB's 3 year CD rate was in 2nd place before the increase and is now the best 3 year CD rate in our database - 3 year CD rates were increased from 1.56 percent to 1.61 percent. The yield was increased from 1.57 percent to 1.62 percent.   
    Read more...
The Fed and the Future Direction of CD Rates

The Federal Open Market Committee meets this week to decide the direction of interest rates. Unfortunately, it's looking like the FOMC won't increase the fed funds rate. This is bad news for depositors as both short term and long term deposit rates will remain near current levels or only move slightly higher.

After this week's meeting, the Fed has two more scheduled meetings in 2016, one in November and one in December. It's unlikely the Fed will increase the rate just before the election so that leaves one more chance of a rate hike in 2016. Right now, the CME Group's FedWatch Tool has a 45 percent chance the Fed funds rate will be higher than the current level after the December meeting.

The good news is we are seeing banks in our database increase their CD rates to compete with the top national rates available. The bad news is we are not seeing any sharply higher rates and won't until the Fed gets moving on increasing the fed funds rate.

Right now the top national 1 year CD rate in our database is from TAB Bank at 1.30 percent with a yield of 1.31 percent. TAB Bank's 1 year CD rate is only marginally higher than a dozen other banks' 1 year CD rates which range from 1.20 percent to 1.30 percent.

Depositors have suffered for a very long time with low CD rates. It's been almost 8 years, since the financial crisis, that rates have been low. We have also had a few years of expecting rates to move higher but invariably, one piece of the economic puzzle keeps rates from increasing.

Looking beyond 2016 to future Fed predictions for the fed funds rate, things don't look much better. The median projections for the fed funds rate at the end of 2016 is 0.90 percent and this projection is already too high. The median for 2017 is 1.6 percent and at 2.4 percent for 2018.

2017 and 2018 projections are already starting to look like a stretch because the projected inflation rate is expected to be 2.0 percent or lower for the long run. The Fed's target range for the inflation rate is below 2 percent. If inflation stays below 2 percent there is no reason to increase the fed funds rate.

    Read more...
TAB Bank Increases CD Rates

TAB Bank CD rates were recently increased on the bank's short term and intermediate term certificates of deposit. With these rate increases, TAB Bank's 3 month, 6 month, 1 year, 2 year, and 3 year CD rates are now in the top 5 CD rates available for each one of those CD terms.

The largest percentage rate increase was on the bank's 6 month CDs. The 6 month CD rate was increased 50 percent from 0.60 percent to 0.90 percent. At 0.90 percent, the 6 month rate puts the bank in second place on our 6 month rate list. The top 6 month CD rate is from Live Oak Bank, which is offering a rate and yield of 1.00 percent.

TAB Bank (TAB), formerly Transportation Alliance Bank, has been in business for almost 20 years. The bank was established as an Industrial Loan Corporation (ILC) in 1998. TAB is an affiliate of TAB Bank Holdings Inc., headquartered in Ogden, UT.

Deposits at TAB Bank are insured by the FDIC up to the maximum amount allow by law. The Bank FDIC certificate number is 34187.

TAB Bank Recent CD Rate Changes

BankProductRate (new / old)Yield (new / old)
TAB Bank3 month CD0.5 / 0.350.5 / 0.35
TAB Bank6 month CD0.9 / 0.60.9 / 0.6
TAB Bank1 yr CD1.23 / 0.951.24 / 0.95
TAB Bank2 yr CD1.42 / 1.21.43 / 1.2
TAB Bank3 yr CD1.56 / 1.451.57 / 1.45
TAB Bank3 month IRA CD0.5 / 0.350.5 / 0.35
TAB Bank6 month IRA CD0.9 / 0.60.9 / 0.6
TAB Bank1 yr IRA CD1.23 / 0.951.24 / 0.95
TAB Bank2 yr IRA CD1.42 / 1.21.43 / 1.2
TAB Bank3 yr IRA CD1.56 / 1.451.57 / 1.45

 See how these new CD rates at TAB Bank compare with other bank CD rates by searching our rate tables at MonitorBankRates.com.

 

    Read more...
TAB Bank 4 Year CD Rates now at 1.65%
TAB Bank 4 Year CD rates are now at 1.65 percent with a yield of 1.65 percent. View current 4 Year CD rates at TAB Bank below.     Read more...
TAB Bank 2 Year Jumbo CD Rates now at 1.20%
TAB Bank 2 Year Jumbo CD rates are now at 1.20 percent with a yield of 1.20 percent. View current 2 Year Jumbo CD rates at TAB Bank below.     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 TAB Bank's CD Rates With Other Bank Rates Below

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