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Best CD Rates for February 2023

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.

CFG Community Bank CD Rates on 12-month certificates of deposit are one best CD rates available right now at 4.75% annual percentage yield (APY). Certificates of Deposit (CDs) are fixed-term investment options offered by Community First Bank (CFG Bank).

CFG Bank offers competitive interest rates on all of its CD accounts, not only their 1-year CD account. These deposits come with a guaranteed return and offer a higher rate of interest than traditional savings accounts. The interest rate is fixed for the entire term of the CD, which ranges from 12 months to 5 years. This means that the depositor knows exactly what rate they will receive, regardless of fluctuations in the market.

CFG Bank CD accounts have competitive interest rates but like any other posted rates are subject to change without notice. The bank also offers the option of automatic renewal at maturity, meaning that the CD will automatically renew for the same term at the then-current interest rate. This is a convenient option for those who prefer to keep their investments in a fixed-term deposit.

Investing in a CD is a secure option for those looking to grow their savings while avoiding the risks associated with other investment options. CFG Bank is insured by the Federal Deposit Insurance Corporation (FDIC), so depositors can feel confident in the security of their funds. Customers can also choose to receive their interest payments monthly, quarterly, semi-annually, or at maturity, depending on their preference. By choosing a CD at CFG Bank, customers can secure a fixed return on their investment for a set period of time. Read more about CFG Bank’s 12-month certificate of deposit and other deposit account at: Personal Deposit Rates – CFG Bank.

 
Author: Lisa Graham
February 5th, 2023

Capital One is now offering a 11-month corticate of deposit that currently has a 5.00 percent APY. I have to admit, it’s nice to see shorter term CD rates as high as 5.00 percent, the last time CD rates were that high was back in 2008 just before the financial crisis and Great Recession. This 5.00 special CD rate offer is only available until 3/14/23, so take advantage of it while you can. The 11-month special CD rate from Capital One is one of the best CD rates currently available.

Current Capital One CD Rates

  • 6 Months 3.30% APY
  • 9 Months 3.30% APY
  • 11 Months 5.00% APY
  • 12 Months 4.15% APY
  • 18 Months 4.25% APY
  • 24 Months 4.30% APY
  • 30 Months 4.30% APY
  • 36 Months 4.30% APY
  • 48 Months 4.20% APY
  • 60 Months 4.10% APY

Capital One CD Account Review

Capital One offers a variety of Certificate of Deposit (CD) options for customers looking for a safe and secure investment option. Their online CD accounts offer competitive interest rates, flexible term options, and the peace of mind that comes with FDIC insurance.

One of the standout features of Capital One’s CD accounts is the variety of term options available. Customers can choose from terms ranging from 6 months to 60 months, allowing them to tailor their investment to meet their specific savings goals and timeline. Additionally, Capital One’s online CD accounts offer competitive interest rates, providing a solid return on investment for customers.

Another advantage of Capital One’s CD accounts is the ease of managing the accounts online. Customers can easily track their account balances and monitor interest earnings through Capital One’s online banking platform. Additionally, Capital One’s online CD accounts are FDIC-insured, providing peace of mind for customers and ensuring that their savings are protected.

In terms of penalties, Capital One’s CD accounts do have an early withdrawal penalty, which is typical for most CD accounts. However, customers do have the option to withdraw interest earned without penalty, providing some flexibility for those who may need to access their funds before the end of the term.

Overall, Capital One’s CD accounts offer a solid investment option for customers who are looking for a safe and secure way to grow their savings. The variety of term options, competitive interest rates, and ease of management through Capital One’s online banking platform make them a great choice for those who want to earn a solid return on their investment. You can view a current list of CD rates from Captial One here: Online CD Savings Accounts & Interest Rates | Capital One

 
Author: Brian McKay
February 2nd, 2023

When it comes to saving your money, a certificate of deposit (CD) account can be a great option. One popular type of CD account is the 1-year CD, which allows you to deposit your money for a fixed period of time, usually one year, and earn a higher interest rate than a traditional savings account. However, with so many options available, it can be difficult to know where to find the best 1-year CD rates. In this article, we will show you how to compare 1-year CD rates online and find the best option for you.

The first step in comparing 1-year CD rates online is to research different financial institutions. This can include traditional banks, online banks, and credit unions. Each institution will have their own CD account options and interest rates, so it’s important to compare the rates offered by each one. A good place to start is to visit the websites of the institutions you are interested in and look for the rate of their 1-year CD accounts.

One useful tool for comparing 1-year CD rates online is using comparison websites. These websites allow you to compare rates from multiple institutions at once, making it easy to see which institution is offering the best rate. Websites such as MonitorBankRates are great resources for comparing rates, fees, and terms of 1-year CD accounts. By using these websites, you can compare rates from a variety of financial institutions, quickly and easily.

Another factor to consider when looking for the best 1-year CD rates is the type of institution. Online banks, for example, often offer higher rates than traditional brick-and-mortar banks. This is because online banks have lower overhead costs, which allows them to pass the savings on to their customers in the form of higher interest rates. Additionally, credit unions also tend to offer higher rates than traditional banks, as they are not-for-profit institutions.

It is also important to read the fine print when it comes to CD accounts. Some CD accounts have higher rates but have certain requirements such as minimum deposit, balance or a certain number of transactions. Make sure you understand all the terms and conditions before opening an account.

In conclusion, comparing 1-year CD rates online is a great way to find the best option for your savings. By researching different financial institutions, using comparison websites, and understanding the different types of CD accounts, you can find the best rate for your needs. With the power of the internet, you can easily compare rates, fees, and terms from the comfort of your home, and make a more informed decision about where to save your money. Additionally, by using search engine optimization techniques, you can improve the visibility of your website, attracting more potential customers to your financial institution.

 
Author: Brian McKay
January 21st, 2023

CD rates started increasing when the Federal Reserve started increasing the fed funds rate back in March 2022. The increase in rates was rather swift, since March, the best CD rates on 12-month certificates of deposit are now over 2.00 percent. In fact, the highest 12-month CD rate right available today on the rate list is at 2.15% APY.

MonitorBankRates.com

CD Rates: Best 12-Month Rates Available Today

  • Merrick Bank 2.15%
  • LendingClub 2.01%
  • LiveOakBank 2.00%
  • Sallie Mae 2.00%
  • TIAA Bank 2.00%
  • First Internet Bank of Indiana 1.92%
  • Capital One 1.75%
  • Citizens 1.75%
  • PenFed 1.75%
  • Ally 1.75%
  • CIBC 1.70%
  • State Bank of India California 1.51%
  • Amerant 1.50%
  • MyBankingDirect 1.50%
  • Discover 1.50%
  • Vio Bank 1.50%

CD Rates Summary

CD rates moved considerably higher in such a short period of time and will likely continue to move higher. If the Fed increases the fed funds rate by 0.75 percent this month, we could see CD rates on 12-month CDs hit 3.00 percent. If inflation persists even after the July increase, we could possibly see the best CD rates on 1-year CDs hit the 4.00 percent to 5.00 percent range.

 
Author: Brian McKay
July 4th, 2022

Marcus Bank CD rates on 12-month certificates of deposit are currently at 1.90% APY, one of the best 1-year CD rates available right now. Besides the 1-year rate, Marcus Bank CD rates on both short-term and long-term CDs are some of the highest rates available. There is a complete list of current CD rates below.

Marcus Bank CD Summary

  • 6-Month 1.05%
  • 7-Month 0.45% (no penalty)
  • 9-Month 1.10%
  • 11-Month 0.35% (no penalty)
  • 12-Month 1.90%
  • 13-Month 1.25% (no penalty)
  • 18-Month 2.00%
  • 2-Year 2.25%
  • 3-Year 2.50%
  • 4-Year 2.50%
  • 5-Year 2.90%
  • 6-Year 2.90%

Marcus Bank Best CD Rates

In my opinion, Marcus’ best CD rates are on the bank’s 6-month CD. The 6-month rate is the best because CD rates are increasing right now thanks to the Fed increasing the fed funds rate. The Fed will probably continue to increase the rate this year and in 2023, driving CD rates higher. I personally wouldn’t lock my funds in a long-term CD while bank rates are increasing. Lock your funds in when rates peaks, which again will probably be sometime in 2023.

Conclusion and Review

Besides offering some of the highest rates available right now, Marcus Bank also offers many features with their CDs. The 7-, 9- and 13-month CDs have no penalty for an early withdrawal, the minimal opening balance for all CDs is only $500, and Marcus has a 10-day rate guarantee. If you fund your account within 10-days of opening it and CD rates move higher, you will also get the higher rate.

 
Author: Brian McKay
July 1st, 2022

Park National Bank CD RatesPark National Bank CD rates are very competitive right now, but you will have to go to a local branch to open a certificate of deposit. You can compare CD rates at Park National Bank with some of the best CD rates available online. To check on CD rates from Park National Bank, you can walk into over 110 different branch locations all over the State of Ohio. To get the best deal on a certificate of deposit compare online CD rates with Park National Bank CD rates.

 
Author: Brian McKay
March 7th, 2020

Bank of Canton CD Rates

The Bank of Canton CD rates are competitive right now on intermediate term certificates of deposit. The best CD rates right are on 36-month CD rates from The Bank of Canton at 2.02 percent. 2-year CD rates at The Bank of Canton are also competitive at 1.77 percent. Shorter-term rates are not as good, 91-day CD rates are at 0.30 percent, 6-month CD rates are at 0.40 percent and 1-year rates are at 1.01 percent. The minimum opening balance for CD account less than one year is $2,500. 1 year, 2 year and 3-year CD accounts have a minimum of $1,000.

Bank of Canton CD Rates

Product Minimum Balance APY
91 Day CD $2,500 0.30%
6 Month CD $2,500 0.40%
1 Year CD $1,000 1.01%
2 Year CD $1,000 1.77%
3 Year CD $1,000 2.02%
Product Minimum Balance APY
1 Year IRA $500 1.01%
2 Year IRA $500 1.77%
3 Year IRA $500 2.02%

To get the highest CD rates available compare online CD rates with The Bank of Canton CD Rates.

 
Author: Brian McKay
January 15th, 2020

Five Star Bank CD RatesFive Star Bank has two new online CD rate specials which are some of the best CD rates available today. The best deal for your money is Five Star Bank’s 8-month CD rate at 1.71 percent with an APY of 1.72 percent. Other special CD rates from Five Star Bank include 13-month CD rates at 1.59 percent with an APY of 1.60 percent. 60-month CD rates are at 1.19 percent with an APY of 1.20 percent. 60-month IRA CD rates are at 1.14 percent with an APY of 1.15 percent, and 3-month CD rates are only at 0.05 percent with an APY of 0.05 percent. The minimum opening balance for all CD accounts at Five Star Bank is $500.

To get the best CD rates available compare online CD rates with Five Star Bank CD rates.

 
Author: Brian McKay
December 26th, 2019

VIO Bank CD RatesVio Bank CD rates are competitive right now, but only on the bank’s shorter-term certificates of deposit. Long-term CD rates at Vio Bank are not as competitive when compare to other online rates. For example, current 6-month CD rates from Vio Bank are at 1.64 percent with an APY of 1.65 percent. This 6-month rate places Vio Bank in the top 10 of our 6-month rate list. 24 month CD rates are also at 1.65 percent but the best CD rate for a 24-month CD account on our rate list is much higher at 2.25 percent. That’s why it’s always best to compare rates online, in this case comparing online rates with Vio Bank CD rates.

According to Vio Bank’s website they regularly monitor CD rates from other banks to make sure their CD rate are always some of the best nationally. The minimum opening deposit for a CD account at Vio bank is only $500. Vio bank offers CD terms ranging from 6 months to 10 years.

Vio Bank CD Rates

  • 6 Month – 1.65%
  • 9 Month – 1.70%
  • 12 Month 1.65%
  • 18 Month 1.60%
  • 24 Month 1.65%
  • 36 Month 1.70%
  • 48 Month 1.75%
  • 60 Month 1.80%
  • 84 Month 1.3o%
  • 120 Month 1.40%

Vio Bank Certificate of Deposit Fine Print

  • Minimum opening deposit $500
  • Interest compounded daily
  • FDIC insured under cert # 4063
  • The CD account may renew automatically on the maturity Date
  • Vio Bank is a division of MidFirst Bank, and Vio Bank deposits are considered MidFirst Bank deposits for purposes of FDIC coverage

Vio Bank CD Early Withdrawal Penalty

  • If you close your account before interest is credited you will not receive the accrued interest
  • CD term of 7-31 days:  All of the interest earned on the amount being withdrawn
  • CD term of 32 days to 12 months: One percent of the amount withdrawn, plus a $25 fee
  • CD term of greater than 12 months: Three percent of the amount withdrawn, plus a $25 fee

Search and compare CD rates online with Vio Bank CD Rates.

 
Author: Brian McKay
December 22nd, 2019

Average CD Rates for December 15th, 2019Average CD rates for December 15th, 2019, are lower for both short-term and long-term certificates of deposit while the best CD rates available remain unchanged. We expect average CD rates to continue a gradual downward trend in 2010. Current 12-month CD rates are averaging 1.87 percent, a sharp decline from an average rate of 1.92 percent set on December 11th. The best 12-month CD rates on our rate table remain unchanged at 2.13 percent with an APY of 2.15 percent.

6-month CD rates are currently averaging 1.22 percent, down from an average 6-month rate of 1.26 percent set last Wednesday. The highest CD rates on 6-month certificates of deposit jumped considerably higher because of a new entry on our rate list. TotalDirectBank CD rates are the best 6-month CD rate on our list at 2.03 percent with an APY of 2.05 percent.

Average CD Rates for December 15th, 2019

  • 3-Month 0.72% down 5 bps
  • 6-Month 1.22% down 4 bps
  • 12-Month 1.87% down 5 bps
  • 24-Month 1.92% down 2 bps
  • 60-Month 1.97% down 6 bps

Best CD Rates for December 15th, 2019

  • 3-Month 2.00% up 35 bps TotalBankDirect
  • 6-Month 2.05% up 20 bps TotalBankDirect
  • 12-Month 2.15% unchanged Live Oak Bank, Cross River Bank and Barclays
  • 24-Month 2.25% up 10 bps Cross River Bank
  • 36-Month 2.40% up 25 bps Cross River Bank
  • 48-Month 2.45% up 25 bps Cross River Bank
  • 60-Month 2.25% unchanged Northpointe Bank, Synchrony Bank, Live Oak, and Citizens Access

As you can see from the lists above, average CD rates for December 15th, 2019, are lower. The big uptick in the best CD rates available on our rate list is because TotalBankDirect is a new entry on the list and Cross River Bank increased their CD rates. To get the best deal on a certificate of deposit compare online CD rates at MonitorBankRates.com.

 
Author: Brian McKay
December 15th, 2019

Barclays Bank CD Rates 2.15% APY 12-Month CD NationwideBarclays Bank CD rates on short and intermediate term certificates of deposit are really competitive right now. In fact, 12 month CD rates at Barclays Bank are near the top of our rate list. Current 12 month CD rates from Barclays Bank are at 2.13 percent with an APY of 2.15 percent. If you’re looking for a longer term CD account, 18 month to 48 month CD rates are also at 2.13 percent with an APY of 2.15 percent. There is no minimum balance to open a CD account. To get the best deal on a CD account, compare online CD rates with Barclays Bank CD rates.

CD Rates from Barclays Bank

Term Interest Rate APY
3 Month CD 0.35% 0.35%
6 Month CD 0.65% 0.65%
9 Month CD 0.70% 0.70%
12 Month CD 1.98% 2.00%
18 Month CD 1.98% 2.00%
24 Month CD 1.98% 2.00%
36 Month CD 1.98% 2.00%
48 Month CD 1.98% 2.00%
60 Month CD 2.08% 2.10%

To get the best CD rates today, search and compare online CD rates with Barclays Bank CD rates.

 

 
Author: Brian McKay
December 10th, 2019

Rising Bank CD Rates 2.05% APY 1-Year CD (Nationwide)Rising Bank CD rates are all above 2.00 percent right now, which is unusual to see these days. 1-year and 2-year CD rates at Rising Bank are at 2.03 percent with an APY of 2.05 percent. 2-year jumbo and regular 3-year CD rates from Rising Bank are at 2.08 percent with an APY of 2.10 percent. The minimum opening deposit for a regular certificate of deposit is $1,000 and a jumbo certificate of deposit minimum is $100,000. 18 month Rising CD rates are at 2.03 percent with an APY of 2.05 percent. 3-year Rising CD rates are at 2.08 percent with an APY of 2.10 percent. The minimum opening deposit for a Rising certificate of deposit is $25,000. Rising CD accounts allow you have the CD rate increased once during the CD term if rates move higher. Compare online CD rates with Rising Bank CD rates.

 
Author: Brian McKay
December 8th, 2019