VirtualBank's Information and Current CD Rates
Main Address and Contact Information
FDIC Certification Number
Rating: (4 out of 5)100
Notes: FDIC Insured
VirtualBank CD Rates
VirtualBank Jumbo CD Rates
Rates Updated: 03/23/2017
Articles Related to VirtualBank
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
For a list of today's 1 year CD rates in our database go to MontiorBankRates.com.
CD Rates Slowly Inch Higher as Fed Meets This Week
CD rates are slowly inching higher and will continue to move higher in the coming months. A more immediate impact that will force CD rates higher is the Federal Open Market Committee increasing rates. The FOMC meets this week to decide on monetary policy and is widely expected to increase the fed funds rate by 25 basis points.
The CME Group's FedWatch Tool has a 97.2 percent probability that the Fed will increase the rate to a range of 0.50 percent to 0.75 percent. The last time the Fed increase the rate was December 2015 when the rate was increased to a range of 0.25 percent to 0.50 percent.
Several banks already increased CD rates on short term certificates of deposit recently, likely in anticipation of a Fed rate hike. The highest CD rates on 1 year certificates of deposit are approaching 1.50 percent and may hit 1.50 percent after the expected rate hike.
Currently, the best 1 year CD rates on our rate list are from Pentagon Federal Credit Union at 1.35 percent with a yield of 1.36 percent. The best 1 year rate offered on our list of from a bank is from VirtualBank at 1.30 percent with a yield of 1.31 percent.
The highest 2 year CD rates on the list are already above 1.50 percent. Two banks, EverBank and Virtual Bank are offering 2 year CD rates at 1.51 percent with a yield of 1.52 percent. We could see the top 2 year rates increase above 1.60 percent in the coming weeks.
At what pace CD rates rise in the coming year will be mostly dependent on how much and how quickly the Fed increases the fed funds rate. As of this morning, the FedWatch Tool has a probability of one rate hike in 2017, putting the rate between 0.75 percent and 1.00 percent.
The Fed's own projections for the fed funds rate for 2017 is all over the place. Advance projections for this week's meeting put the rate between 1.875 percent and 3.375 percent with the majority between 1.875 percent and 2.625 percent.
The Fed's own projections are a lot higher than the FedWatch Tool, which is the market’s view on where the fed funds rate will be by the end of 2017. Unless there is a recession next year, CD rates will finally be moving higher.Read more...
VirtualBank Money Market Account Rates now at 0.65%
VirtualBank Money Market Account rates are now at 0.65 percent with a yield of 0.65 percent. View current Money Market Account rates at VirtualBank below. Read more...
VirtualBank Money Market Account Rates now at 0.68%
VirtualBank Money Market Account rates are now at 0.68 percent with a yield of 0.68 percent. View current Money Market Account rates at VirtualBank below. Read more...
VirtualBank 2 Month Jumbo CD Rates now at 0.15%
VirtualBank 2 Month Jumbo CD rates are now at 0.15 percent with a yield of 0.15 percent. View current 2 Month Jumbo CD rates at VirtualBank below. Read more...
VirtualBank Money Market Account 50K Rates now at 0.73%
VirtualBank Money Market Account 50K rates are now at 0.73 percent with a yield of 0.73 percent. View current Money Market Account 50K rates at VirtualBank below. Read more...
VirtualBank 1 Month CD Rates now at 0.15%
VirtualBank 1 Month CD rates are now at 0.15 percent with a yield of 0.15 percent. View current 1 Month CD rates at VirtualBank below. Read more...
Highest Short Term CD Rates: Best 2 Month CD Rate at 0.80 Percent
By now you must have heard the news that the Federal Reserve will increase their key-benchmark interest rate in 2015. When the federal funds rate is increased, CD rates and other bank rates will also increase. Higher rates is good news but you should position your CD investments for higher rates. Read more...
Weekly Update on Certificate of Deposit Rates
Current certificate of deposit rates are stable as we head into the third month of 2015. Some financial institutions have increased CD rates but there are no new highs on the rate tables this week. That will change in the coming months as the Federal Reserve increases the fed funds rate. A higher fed funds rate will lead to higher deposit rates. 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...
Compare VirtualBank's CD Rates With Other Bank Rates Below
No FDIC data found