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Best CD Rates This Week as Higher Rates Sooner Than Later a Possibility

CD rates were mixed this week as Federal Reserve Chairperson, Janet Yellen, hinted that interest rates could be increased sooner than later. Janet Yellen testified before the Senate Banking Committee recently and basically said if the unemployment rate falls further, the Fed might have to raise rates sooner than thought.

1 year CD rates are higher this week averaging 0.91 percent, up 1 basis point from last week's average rate of 0.90 percent. 2 year CD interest rates are slightly lower averaging 1.08 percent, a decline from last week's average rate of 1.09 percent. 5 year rates remained unchanged at 1.74 percent.




While average rates remained nearly unchanged, several banks have increased both their short term and long term CD rates. Listed below are the most current CD rates at banks in the United States.

3 Month Rates

  1. EverBank 0.45% APY 0.45%

  2. AloStar Bank of Commerce 0.45% APY 0.45%

  3. Virtual Bank 0.40% APY 0.40%

  4. Pacific Mercantile Bank 0.36% APY 0.36%

  5. Barclays Bank 0.35% APY 0.35%

  6. Discover Bank 0.35% APY 0.35%

  7. First Internet Bank of Indiana 0.35% APY 0.35%

  8. Ally Bank 0.30% APY 0.30%

  9. EH National Bank 0.30% APY 0.30%

  10. USAA 0.30% APY 0.30%

  11. E-Loan.com 0.25% APY 0.25%

  12. giantbank.com 0.25% APY 0.25%


6 Month Rates

  1. Zions Direct Bank 1.00% APY 1.00%

  2. Doral Direct 0.87% APY 0.87%

  3. EH National Bank 0.80% APY 0.80%

  4. AloStar Bank of Commerce 0.75% APY 0.75%

  5. My e-BAnC by BAC Florida Bank 0.70% APY 0.70%

  6. Colorado Federal Savings Bank 0.70% APY 0.70%

  7. GE Capital Bank 0.70% APY 0.70%

  8. Discover Bank 0.65% APY 0.65%

  9. VirtualBank 0.65% APY 0.65%

  10. Ally Bank 0.60% APY 0.60%

  11. First Internet Bank of Indiana 0.60% APY 0.60%

  12. TIAA Direct 0.60% APY 0.60%


1 Year Rates

  1. Synchrony Bank 1.09% APY 1.10%

  2. Silvergate Bank 1.07% APY 1.08%

  3. Virtual Bank Interest 1.06% APY 1.07%

  4. My e-BAnC by BAC Florida Bank 1.05% APY 1.06%

  5. GE Capital Bank 1.04% APY 1.05%

  6. iGObanking.com 1.04% APY 1.05%

  7. California First National Bank 1.04% APY 1.04%

  8. EverBank Rate 1.00% APY 1.01%

  9. Colorado FSB 1.00% APY 1.00%

  10. Discover Bank 1.00% APY 1.00%

  11. Home Savings Bank 1.00% APY 1.00%

  12. Salem Five 1.00% APY 1.00%

  13. The Palladian Private Bank 1.00% APY 1.00%

  14. Ally Bank 0.95% APY 0.95%


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Author: Brian McKay
July 21st, 2014