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 and ReviewMerrick 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.

 
Author: Brian McKay
January 29th, 2019

Salem Five Ups CD RatesSalem 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.

 
Author: Brian McKay
January 10th, 2019

Luana Savings Bank Rates and ReviewsLuana 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.

 
Author: Brian McKay
January 4th, 2019

TIAA Bank Ups Short Term CD RatesTIAA 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.

 
Author: Brian McKay
December 30th, 2018

Best CD Rates - Chirstmas EveThe 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.

 
Author: Brian McKay
December 24th, 2018

Best CD Rates - December 21, 2019CD 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.

 
Author: Brian McKay
December 21st, 2018

Best CD Rates in December Just IncreasedThe 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.

 
Author: Brian McKay
December 19th, 2018

CDs in Vogue Again as CD Rates Near 3.00 PercentCDs 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.

 
Author: Brian McKay
December 15th, 2018

nbkc Bank CD Ratesnbkc 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.

 
Author: Brian McKay
December 13th, 2018

CD Rates in Florida | Best CD Rates TodayCD 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.

 
Author: Brian McKay
December 12th, 2018

USAA CD Rates Move HigherUSAA 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.

 
Author: Brian McKay
December 8th, 2018

Ally Bank CD Rates IncreasedAlly 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.

 
Author: Brian McKay
December 6th, 2018