Best CD Rates for February 2019
Find the best CD bank rates by reading our reports and searching our CD rate tables. You can compare average CD rates to the highest rates available.
Merrick Bank CD rates, which were already one of the highest CD rates available, were increased overnight. 1 year CD rates at Merrick Bank are now at 2.80 percent with an APY of 2.84 percent. The old 1 year CD rate from Merrick Bank was 2.77 percent with an APY of 2.80 percent. This increase puts Merrick Bank 1 year CD rates in forth place on our rate list. The minimum opening deposit for a CD account at Merrick Bank is $10,000.
Merrick Bank CD Account Benefits
Merrick Bank currently credits interest to your CD account on a monthly basis on the same date each month as the date on which the account was opened. You can also arrange to have CD interest paid to you monthly, via ACH transfer, by contacting Merrick Bank at 1-866-638-6851.
Info Needed to Open a CD at Merrick Bank
Merrick Bank CD Account Fine Print
Merrick CD Early Withdrawal Penalty
Compare other CD rates at banks to Merrick Bank CD rates to get the best deal today.
Salem Five CD rates were increased overnight and as a result are a lot more competitive. The largest increase was on 4 year CD rates from Salem Five which were increased from 1.75 percent to 3.00 percent.
30 month CD rates had the second largest rate increase from 1.30 percent to 2.50 percent. 2 year CD rates at Salem Five had the third biggest rate increase of 1.10 percent to 2.50 percent.
3 year CD rates and 5 year CD rates at Salem Five were increased from 2.00 percent to 3.00 percent. Salem Five IRA CD rates were also increased to the same amounts for all the CD terms listed above. See how other bank’s CD rates compare with Salem Five CD Rates.
Salem Five Direct, is the online banking division of Salem Five Bank. Online bank CD rates are always higher than traditional brick and mortar bank rates. That case is the same with Salem Five Direct’s CD rates.
To open an account with Salem Five Direct you will need to provide the following information:
After opening the account you will have to fund the account which is done by electronic transfer. To do an electronic transfer you will need to provide the following information:
The minimum opening account balance rather high at $10,000.
Deposits are insured by the FDIC by for each ownership category, up to $250,000. Deposits at Salem Five in excess of the standard insurance amounts provided by the FDIC are covered by the Depositors Insurance Fund (DIF).
The DIF is a private, industry-sponsored insurance fund that insures all deposits above FDIC limits at Massachusetts-chartered savings banks. The DIF was established by the Massachusetts legislature in 1932 and has been insuring deposits since 1934.
The good news is no depositor has ever lost a penny in a bank insured by both the FDIC and the DIF.
Luana Savings Bank CD rates were recently decreased but are still some of the best CD rates available today. Luana Savings Bank is headquarted in Luana, Iowa, with five brick and mortar branches, soon to be six. The largest decreases in CD rates from Luana Savings Bank was by 25 basis points on 3 year and 5 year certificates of deposit.
3 year CD rates from Luana Savings Bank were lowered to 2.37 percent from 2.62 percent. 5 year CD rates from Luana Savings Bank are at 2.42 percent, down from 2.67 percent. 30 month CD rates at Luana Savings are at 2.32 percent, down from 2.52 percent.
Shorter term CD rates from Luana Savings were lowered by less. 2 year CD rates from Luana Savings are now at 2.27 percent, down 15 basis points from 2.42 percent. 1 year CD rates at Luana are now at 2.16 percent, down from 2.26 percent. 6 month CD rates were lowered 5 basis points to 1.96 percent and 3 month CD rates were also lowered 5 basis points to 1.76 percent.
Luana Savings Bank History and Banking Information
Luana Savings Bank was founded in 1908 and has been in business for over a 100 years. The bank is the 15th largest bank in Iowa with $1.11 billion in assets and 79 employees.
Besides offering some of the highest CD rates around Luana also offers agricultural Lending, 1-4 Family & Multi-Family Lending, and Consumer Lending.
Luana Savings Bank Branch Locations
To get the best deal on your CD investment compare other bank CD rates with Luana Savings Bank CD rates.
TIAA Bank CD rates on short term CDs, which were already some of the best CD rates available, were increased on Friday. The increases were small but since CD rates at TIAA Bank were already high the CD rates are even higher now.
1 year CD rates from TIAA Bank were increased from 2.73 percent to 2.79 percent. 18 month CD rates from TIAA Bank were upped from 2.77 percent to 2.82 percent. See how these new CD rates from TIAA Bank compare with other bank CD rates today.
TIAA Bank was the EverBank until TIAA bought the bank almost two years ago now. TIAA kept the Yield Pledge name on the CD accounts and continued offering some of the top rates around all the time. There is a minimum of $5,000 to open a Yield Pledge CD account.
These great rates are also available for IRA CD accounts if you are looking to keep your IRA principal safe during these troubled equity market times.
Another good point to make about TIAA’s Yield Pledge CD account is the bank promises that the yield on your CD account at the time you open, renew, or roll your expiring CD into a new Yield Pledge CD will be in the Top 5% of competitive accounts.
This based on Bankrate Monitor National Index survey data from that week. “Competitive Accounts” are similar accounts from the 10 largest banks and thrifts in 10 large U.S. banking markets.
The best CD rates on Christmas Eve are stable, no new highs to report on even though the fed funds rate was increased last week. Here is a list of the best CD rates on short term certificates of deposit of 1 year or less. The best 1 month CD rates are at 1.35 percent from Colorado Federal Savings Bank. The best CD rates on 3 month certificates of deposit are at 2.15 percent from Popular Bank. The highest CD rates on 6 month CDs are at 2.46 percent from VirtualBank. The top 9 month CD rate is at 2.31 percent from Luana Savings Bank. The highest 1 year CD rate is at 2.90 percent from ablebanking.
CD rates for December 21, 2018, didn’t make new highs but two banks did increase CD rates overnight. The current best 1 year CD rate is still at 2.90 percent from ableBanking. The highest 6 month CD rates are at 2.46 percent from another online bank VirtualBank. The highest 3 month CD rates today are at 2.15 percent from Popular Direct. The two banks that increased their CD rates are Sallie Mae and Bank Direct. Of those CD rate increases, the most notable increases are from Bank Direct which increased CD rates by 49 basis points on all CD terms below 3 years. To get the best CD rates today online search and compare CD rates.
The best CD rates in December moved higher as an online bank just increased their CD rates. The best CD rates on 1 year certificates of deposit are now at a new high on the rate table at 2.90 percent. ablebanking is the online bank that just increased their 1 year CD rates and now have the best 1 year rate on the list. The top 1 year CD rates were at 2.86 percent, so an increase of 4 basis points isn’t that much. ablebanking also how has the best 2 year CD rates at 3.20 percent. The old top 2 year CD rate was 14 basis points lower at 3.06 percent. The Fed just increased the fed funds rate so CD rates will move even higher in the coming days. Compare rates here to find the best CD rates.
CDs are becoming popular as CD rates are nearing 3.00 percent and might hit 3.00 percent by the end of 2018. 1 year CD rates today are at 2.86 percent, only 0.14 percent from the current level. CD rates might make another move up this month because the Federal Reserve is widely expected to increase rates. A 0.25 percent fed funds rate increase will likely send the best 1 year CD rates over 3.00 percent as banks jockey to have the highest CD rates. You can compare CD rates from banks for many different terms here.
nbkc Bank CD rates on both short and long term certificates of deposit are competitive right now. 3 month CD rates at nbkc Bank are at 0.65 percent with an APY of .065 percent. 5 year CD rates from nbkc Bank are of course much higher at 3.00 percent with an APY of 3.04 percent. See how nbkc Bank CD rates compare with other CD rates at banks to get the best CD rate today.
CD rates in Florida have been moving higher for about three years now. If the Fed increases the fed funds rate this month we can expect even better CD rates before the end of the year. Right now the best CD rates in Florida on 12 month CDs are just below 3.00 percent at 2.86 percent. Florida CD rates on 6 month CDs are also very good at 2.40 percent. To find the best Florida CD rates search for rates below.
USAA CD rates moved higher over night and are now some of the best CD rates available from an online bank. 3 year CD rates at USAA were increased 7 basis points and are now at 2.48 percent with an APY of 2.51 percent. 5 year CD Rates from USAA were increased .10 percent and are now at 2.75 percent with an APY of 2.78 percent. Compare USAA CD rates below with other rates to get the best rate.
Ally Bank CD rates which were already some of the best CD rates around were increased. 3 year CD rates and 4 year CD rates at Ally Bank had the biggest increase of 25 basis points. 3 year CD rates from Ally Bank were increased to 2.75 percent and 4 year CD rates from Ally Bank were increased to 2.60 percent. You can see the rest of Ally Bank CD rates increases using the rate list below.
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