The Palladian PrivateBank Information and Current CD Rates
Main Address and Contact Information
FDIC Certification Number
The Palladian PrivateBank
Rating: (4 out of 5)100
Notes: Open an account online today at www.palladianprivatebank.com
The Palladian PrivateBank CD Rates
Rates Updated: 02/13/2015
Articles Related to The Palladian PrivateBank
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...
Ten Banks Now Offering Variable Deposit Rates at 1.00 Percent or Higher
For the past year, we have seen many banks and credit unions increase savings rates and money market rates before the FOMC has increased the federal funds rate. This week there are now ten financial institutions offering variable deposit rates at 1.00 percent or higher. Read more...
Top Certificate of Deposit Rates | October 7, 2014
Listed below are the top short term and long term certificate of deposit rates for October 7, 2014: Read more...
Best Savings Rate at 1.26% APY - Higher Deposit Rates in 2015
An online bank increased the rate they offer on their savings account and is now the leader on our savings rate table. The Palladian PrivateBank, a division of The PrivateBank and Trust Company, is now offering a savings rate of 1.25 percent with an APY of 1.26 percent. This online bank's rate is 31 basis points higher than our previous top savings account rate. The minimum opening deposit for an account at the bank is $10,000. Read more...
Key Economic News Out Later This Week May Send Rates Higher in 2014
There are a slew of economic reports due out later this week which will have an impact on interest rates in the future. In addition to these key reports, the Federal Reserve is having their two day meeting on economic policy. The FOMC is releasing their post-meeting statement at 2:00 pm on Wednesday. Read more...
This Week's Top Money Market Account Rate at 1.01% APY
This week's top interest rate on deposit accounts is EverBank's 1.01 percent APY on the bank's Yield Pledge money market account. The bonus rate on this account even higher at 1.40 percent but this rate is only available for the first 6 months (on account balances up to $50,000), making the overall first year's APY 1.01 percent. Read more...
Highest CD Rates This Week May 23
The best CD rates on 1 year certificates of deposit moved higher since our last report on May 9th. The best 1 year bank CD rate is now at 1.09 percent with an APY of 1.10 percent. The bank offering the best rate right now is GE Capital Retail Bank. The old best rate was slightly lower at 1.06 percent with an APY of 1.07 percent. Read more...
Average 1 Year CD Rates Increase to 0.90 Percent, Best 1 Year Rates Increase to 1.07 Percent
This is a first in a very long time, both average 1 year CD rates and the best 1 year CD rates in our database are higher this week. Average 1 year CD rates increased from 0.88 percent to 0.90 percent and the highest 1 year rate offered by banks in our database increased from 1.05 percent to 1.07 percent. Read more...
Breakdown of the Top Savings Rates and Money Market Rates This Week
The average savings rate is 0.44 percent for account balances of at least $10,000, down from last week's average rate of 0.45 percent. While average rates declined this week, the best savings account rates remain unchanged. Read more...
Compare The Palladian PrivateBank's CD Rates With Other Bank Rates Below
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