Best CD Rates for July 2019

Comenity Direct CD rates are really competitive right now, especially on the bank’s 12 month certificates of deposit. Right now, 12 month CD rates at Comenity Direct are at 2.76 percent with an APY of 2.80 percent. Their 12 month CD rates are almost 5 times the FDIC’s Weekly National Rate of 0.58 percent.

You probably haven’t heard of Comenity Direct but chances are you already have a banking relationship with them. Comenity has been in business since 1986 and is the banking partner for many of the most recognized retail credit cards in the world. 50 million people carry Comenity’s private label, co-brand, and business credit cards in their wallets, retailers such as Ann Taylor, Eddie Bauer, and Williams Sonoma, to name a few.

CD rates from Comenity Direct

• 12 Month 2.80%
• 24 Month 2.85%
• 36 Month 2.90%
• 48 Month 2.95%
• 60 Month 3.05%

To get the best deal on a certificate of deposit account compare other banks’ CD rates with Comenity Direct CD rates.

Discover Bank CD rates are very competitive right now with other online banks and the bank’s rates are well above brick and mortar bank CD rates. Current 12 month CD rates at Discover Bank are offered at 2.47 percent with an APY of 2.50 percent. The highest yielding CD rates at Discover Bank are on their 10-year certificates of deposit at 3.00 percent with an APY of 3.05 percent. The shortest CD term offered at Discover Bank is the bank’s 3 month CD which currently has a rate of 0.35 percent.

Discover Bank CD Rates

• 3 Month 0.35%

• 6 Month 0.65%

• 9 Month 0.70%

• 1 Year 2.50%

• 18 Month 2.55%

• 2 Year 2.60%

• 30 Month 2.60%

• 3 Year 2.65%

• 4 Year 2.75%

• 5 Year 2.85%

• 7 Year 3.00%

• 10 Year 3.05%

To get the best deal on a certificate of deposit, see how other online bank CD rates compare with Discover Bank’s CD rates.

American Express National Bank CD rates were lowered on both regular and jumbo certificates of deposit. Despite the fact CD rates at American Express National Bank were lowered, the bank’s rates are still very competitive. For example, 2 year CD rates from American Express were lowered 15 basis points to 2.65 percent. The current FDIC national average 2 year CD rate is much lower at 0.87 percent.

2 year jumbo CD rates at American Express were also lowered from 2.80 percent to 2.65 percent. 2 year rates had the largest decrease of 15 basis points and all other CD rate decreases were 10 basis points. Both regular and jumbo CD rates at American Express were lowered by the same amount for the terms listed below.

American Express National Bank CD Rate Changes

• 18 month rate 2.60%, lowered from 2.70%
• 2 year rate 2.65%, lowered from 2.80%
• 3 year rate 2.80%, lowered from 2.90%
• 4 year rate 2.90%, lowered from 3.00%
• 5 year rate 3.00%, lowered from 3.10%

See how American Express National Bank CD rates compare with other bank CD rates to get the best deal today.

United Bank CD rates are very competitive right now on the bank’s Special and Flex Up certificates of deposit. United Bank is offering both short term and intermediate term special CDs and the best CD rates are on the bank’s short term CDs. 3 month Special CD rates at United Bank are at 1.64 percent with an APY of 1.65 percent. 7 Flex Up CD rates from United Bank are currently at 2.42 percent with an APY of 2.45 percent. The 7 month Flex Up CD rate is higher than most 1 year CD rates available from any bank these days.

13 month Flex Up CD rates are at 2.66 percent with an APY of 2.70 percent. 30 month Special CD rates are at 2.83 percent with an APY of 2.87 percent. The minimum opening deposit for all CDs at United Bank is only $500. Below is a complete list of current CD rates from United Bank.

Current CD Rates from United Bank

Regular CD Rates

• 6 Month CD 0.40%
• 9 Month CD 0.50%
• 12 Month CD 0.55%
• 18 Month CD 0.55%
• 24 Month CD 0.80%
• 24 Month Option CD 0.65%
• 36 Month CD 1.01%
• 48 Month CD 1.11%
• 60 Month CD 1.31%

Special and Flex Up CD Rates

• 3 Month CD 1.65%
• 7 Month CD Special 1.55%
• 7 Month Flex Up CD 2.45%
• 12 Month CD Special (Online Only) 1.20%
• 13 Month Flex Up CD 2.70%
• 19 Month Flex Up CD 2.50%
• 20 Month Flex CD Special (In-Branch Only) 1.55%
• 30 Month CD 2.87%

See how other bank’s CD rates compare with United Bank’s CD rates to get the best deal today.

Banesco USA CD rates are some of the best CD rates available today from any online bank. Current 12 month CD rates at Banesco USA are at 2.85 percent with a minimum deposit of $1,500. 6 month CD rates from Banesco USA are also very high right now. The current 6 month CD rate from Banesco USA is at 2.40 percent a minimum opening deposit of $1,500.

These high CD rates from Banesco USA are on the bank’s BaneSmart CD accounts. 18 month BaneSmart CD rates from Banesco USA are at 2.90 percent. 2 year and 3 year BaneSmart CD rates are at 2.90 percent.

Banesco has four locations in Florida and one in Puerto Rico. The physical addresses are listed below.

Banesco USA Locations

Coral Gables
150 Alhambra Circle
Suite 100
Coral Gables, FL 33134

Doral
9500 NW 41st Street
Suite 100
Doral, FL 33178

Weston
316 Indian Trace
Weston, FL 33326

Hialeah
795 W 49th Street
Hialeah, FL 33012

Puerto Rico
255 Ponce de León Ave
Office 124
Hato Rey, PR 00917

You can also contact Banesco USA at 1-888-228-1597 or (786) 552-0524 to open a CD account.

To get the best deal on a CD see how other CD rates at banks online compare with Banesco USA CD Rates.

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

• Very competitive CD rates
• FDIC insured up to the maximum allowed by law
• Anywhere account access 24/7
• No Hidden fees

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

• Social Security Number
• Date of birth (Account Owners must be at least 18 years old)
• Email address
• Valid U.S. street address (no P.O. Box)
• To fund your Merrick Bank CD Account, you will also need your funding bank account and routing number.
• Be enrolled in NetTeller

Merrick Bank CD Account Fine Print

• The maximum account balance is limited to a balance of $250,000. Any interest accrued and paid to the account is exempt from this maximum balance limit
• The CD account is considered open when we receive funds via ACH transfer
• The initial funding of the CD account must be made via Automated Clearing House (ACH) transfer, and must be made in U.S. Dollars from an account owned by the Account owner(s)
• Do not accept cash, checks, money orders, wire transfers or international wire transfers for deposit
• In order to ensure that Merrick Bank has properly verified your identity, the bank will place a temporary hold on the Account until they have completed our verification procedures
• After your initial deposit, you may not make additional deposits into or withdrawals from the Account until the Maturity Date
• The Account will automatically renew at Maturity. You will have ten calendar days after the Maturity Date to withdraw funds without penalty

Merrick CD Early Withdrawal Penalty

• Account terms 364 days or less, the early withdrawal penalty is equal to 1% of the Account balance, or 7 days’ interest, whichever is greater.
• Account terms between 365 and 729 days, the early withdrawal penalty is equal to 2% of the Account balance, or 7 days’ interest, whichever is greater.
• Account terms of 730 days or more, the early withdrawal penalty is equal to 3% of the Account balance, or 7 days’ interest, whichever is greater.

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:

• Social Security Number
• Driver’s License Number
• Home Address
• Email Address
• Joint Owner Information (if opening with a joint account holder)

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:

• Name of Bank or Financial Institution
• Routing Transit Number
• Account Number

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.

• 2.04% Return on Assets
• 22.07% Return on Equity
• >$1.15 Billion of Loans Serviced
• Top 100 Farm Lenders Nationally as reported by American Banker’s Association
• Top 1% of Most Efficient Banks Nationally (as ranked by Bauer Financial)
• Consistently one of the best performing Community Banks and offering the highest tier of deposit APY’s nationwide.
• Luana Savings Bank is categorized as “well capitalized.”

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

• Luana, Iowa (Main Branch)
• Ossian, Iowa
• New Hampton, Iowa
• Polk City, Iowa
• Clive, Iowa
• Coming Soon – Norwalk, Iowa

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.