9 CD Rates Increased – 8 CD Rates Decreased in June

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Banks and credit unions have been all over the place with their rates. In our database of CD rates, there were 9 CD rate increases and 8 CD rate decreases in June. Average CD rates on 2 year, 3 year and 5 year certificates of deposit moved slightly higher while 3 month and 6 month rates were unchanged.

The biggest decrease the past month was from Chartway Federal Credit Union. CFCU's 6 month rate was lowered from 0.85 percent to 0.70 percent. The largest increase was from Synchrony Bank. The bank's 2 year CD rate was increased from 1.15 percent to 1.25 percent.



CD Rates will remain near current levels until the Federal Open Market Committee increases the federal funds rate. Most Fed watchers anticipate an increase during the FOMC's September meeting. The amount of the increase will probably be 0.25 percent, which will send the best CD rates in our database up by the same amount.

2 Month CD Interest Rates

  • MyCBB 0.80% Yield 0.80%

  • E-Loan 0.16% Yield 0.16%

  • Loan Star Bank 0.15% Yield 0.15%

  • Virtual Bank 0.15% Yield 0.15%


3 Month CD Interest Rates

  • California First National Bank 0.60% Yield 0.60%

  • First Internet Bank of Indiana 0.45% Yield 0.45%

  • AloStar Bank of Commerce 0.40% Yield 0.40%

  • Goldwater Bank 0.40% Yield 0.40%

  • Virtual Bank 0.40% Yield 0.40%

  • Barclays 0.35% Yield 0.35%

  • Discover Bank 0.35% Yield 0.35%

  • Nordstrom Bank  0.35% Yield 0.35%


6 Month CD Interest Rates

  • California First National Bank 0.90% Yield 0.90% (decreased 0.05%)

  • MyCCB 0.85% Yield 0.85%

  • EH National Bank 0.80% Yield 0.80%

  • My e-BAnC by BAC Florida Bank 0.80% Yield 0.80%

  • Silvergate Bank 0.75% Yield 0.75%

  • Chartway Federal Credit Union 0.70% Yield 0.70% (decreased 0.15%)


9 Month CD Interest Rates

  • New Dominion Bank Rate 0.89% Yield 0.90%

  • AloStar Bank of Commerce Rate 0.80% Yield 0.80%

  • giantbank.com Rate 0.70% Yield 0.70% (decreased 0.05%)

  • Discover Bank Rate 0.70% Yield 0.70%

  • GE Capital Bank Rate 0.70% Yield 0.70%

  • Virtual Bank Rate 0.70% Yield 0.70%

  • USAA Rate 0.66% Yield 0.66%

  • Ever Bank Rate 0.63% Yield 0.63%

  • Barclays 0.60% Yield 0.60%


1 Year CD Interest Rates

  • CIT Bank 1.24% Yield 1.25%

  • Synchrony Bank 1.24% Yield 1.25% (increased 0.02%)


  • Nordstrom Bank 1.22% Yield 1.23%

  • BankDirect 1.20% Yield 1.21%

  • My e-BAnC by BAC Florida Bank 1.19% Yield 1.20%

  • Colorado Federal Savings Bank 1.19% Yield 1.20% (decreased 0.15%)

  • Home Savings Bank 1.19% Yield 1.20%

  • California First National Bank 1.15% Yield 1.16%

  • Virtual Bank 1.15% Yield 1.16%

  • Sallie Mae 1.14% Yield 1.15%


18 Month CD Interest Rates

  • Synchrony Bank 1.24% Yield 1.25% (decreased 0.10%)

  • Nordstrom Bank  1.24% Yield 1.25%

  • Virtual Bank 1.20% Yield 1.21%

  • My e-BAnC by BAC Florida Bank 1.19% Yield 1.20%

  • First Internet Bank of Indiana 1.15% Yield 1.16% (increased 0.05%)

  • AloStar Bank of Commerce 1.14% Yield 1.15%


2 Year CD Interest Rates

  • Live Oak Bank 1.50% Yield 1.50%

  • Synchrony Bank 1.44% Yield 1.45% (increased 0.10%)

  • PenFed 1.40% Yield 1.41%

  • CIT Bank 1.39% Yield 1.40%

  • iGObanking 1.34% Yield 1.35%

  • California First National Bank 1.34% Yield 1.35% (increased 0.05)

  • My e-BAnC by BAC Florida Bank 1.30% Yield 1.31%

  • Barclays Bank 1.29% Yield 1.30% (decreased 0.05%)

  • Home Savings Bank 1.29% Yield 1.30%

  • Discover Bank 1.29% Yield 1.30%

  • Nordstrom Bank 1.29% Yield 1.30%


3 Year CD Interest Rates

  • EverBank 1.53% Yield 1.54% (increased 0.09%)

  • Silvergate Bank 1.52% Yield 1.53%

  • First Internet Bank of Indiana 1.50% Yield 1.51% (increased 0.05%)

  • Synchrony Bank 1.49% Yield 1.50%

  • Lone Star Bank 1.49% Yield 1.50%

  • Barclays Bank 1.44% Yield 1.45%

  • Discover Bank 1.44% Yield 1.45%

  • Nordstrom Bank  1.44% Yield 1.45%

  • California First National Bank 1.44% Yield 1.45%


4 Year CD Interest Rates

  • EverBank 1.85% Yield 1.87% (increased 0.09%)

  • Nationwide Bank 1.84% 1.86% Yield

  • CIT Bank 1.80% Yield 1.82%

  • Barclays Bank 1.78% Yield 1.80% (decreased 0.05)

  • Virtual Bank 1.77% Yield 1.78%

  • Capital One 360 1.75% Yield 1.76%

  • First Internet Bank of Indiana 1.75% Yield 1.76%

  • Discover Bank Rate 1.74% Yield 1.76%

  • Synchrony Bank Rate 1.73% Yield 1.75%


5 Year CD Interest Rates

  • Everbank 2.24% Yield 2.27%

  • Synchrony Bank 2.23% Yield 2.25%

  • Capital One 360 2.23% Yield. 2.25% (increased 0.05%)

  • Barclays Bank 2.18% Yield 2.20% (decreased 0.05%)

  • First Internet Bank of Indiana Rate 2.15% Yield 2.17% (increased 0.05%)


Average Bank CD Rates June 1, 2015:

  • 3 Month Average Rate 0.25% (unchanged)

  • 6 Month Average Rate 0.56% (unchanged)

  • 12 Month Average Rate 1.01% (up 0.01%)

  • 24 Month Average Rate 1.22% (up 0.03%)

  • 60 Month Average Rate 1.67% (up 0.04%)

 
Author: Brian McKay
June 30th, 2015