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CD Rates – July 24, 3015 Report

It is hard to believe we might be less than 2 months away from higher CD rates when the FOMC increases the fed funds rate. Banks and credit unions have been increasing rates, but for the most part the increases have been small. In this week's CD Rate Report, there were a handful of rate increases and a couple rate decreases.

Most of the higher rate changes were to longer term certificates of deposit. The largest increase was 0.13 percent to EverBank's 3 year CD rate. The rate was increased from 1.52 percent to 1.65 percent. Silvergate Bank now as the best 3 year rate at 1.65 percent with an APY of 1.66 percent. E-Loan.com and EverBank are now tied for having the best 4 year CD Rate at 1.91 percent and 5 year CD rate at 1.31 percent.




Also in this report, average CD rates were down across the board. Listed below is this week's CD Rate report.

Average CD Rates July 24, 2015



  • 3 Month Average CD Rate 0.24% (down 0.02%)

  • 6 Month Average CD Rate 0.57% (down 0.02%)

  • 12 Month Average CD Rate 1.02% (down 0.01%)

  • 24 Month Average CD Rate 1.16% (down 0.05%)

  • 60 Month Average CD Rate 1.66% (up 0.05%)


Highest CD Rates Available July 24, 2015


2 Month CD Rates



  • MyCBB Rate 0.80% Yield 0.80%

  • E-Loan Rate 0.16% Yield 0.16%

  • Loan Star Bank Rate 0.15% Yield 0.15%

  • Virtual Bank Rate 0.15% Yield 0.15%


3 Month CD Rates



  • California First National Bank Rate 055% Yield 0.55% (down 0.05%)

  • First Internet Bank of Indiana Rate 0.45% Yield 0.45%

  • AloStar Bank of Commerce Rate 0.40% Yield 0.40%

  • Goldwater Bank Rate 0.40% Yield 0.40%

  • Virtual Bank Rate 0.40% Yield 0.40%

  • Barclays Rate 0.35% Yield 0.35%

  • Discover Bank Rate 0.35% Yield 0.35%

  • Nordstrom Bank Rate 0.35% Yield 0.35%


6 Month CD Rates



  • California First National Bank Rate 0.85% Yield 0.85% (down 0.05%)

  • MyCBB Rate 0.85% Yield 0.85%

  • EH National Bank Rate 0.80% Yield 0.80%

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

  • AloStar Bank of Commerce 0.80% APY 0.80%

  • ableBanking, a division of Northeast Bank Rate 0.80% (increased)

  • Silvergate Bank Rate 0.75% Yield 0.75%


9 Month CD 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%


1 Year CD Rates



  • CIT Bank Rate 1.24% Yield 1.25%

  • Synchrony Bank Rate 1.24% Yield 1.25%

  • Sallie Mae Rate 1.24% Yield 1.25


  • Nordstrom Bank Rate 1.22% Yield 1.23%

  • Bank Direct Rate 1.20% Yield 1.21%

  • AloStar Bank of Commerce 1.20% Yield 1.21%

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

  • Colorado Federal Savings Bank Rate 1.19% Yield 1.20%

  • Home Savings Bank Rate 1.19% Yield 1.20%

  • California First National Bank Rate 1.15% Yield 1.16%

  • Virtual Bank Rate 1.15% Yield 1.16%


18 Month CD Rates



  • Synchrony Bank Rate 1.24% Yield 1.25%

  • Nordstrom Bank Rate 1.24% Yield 1.25%

  • AloStar Bank of Commerce Rate 1.20% Yield 1.21% (increased 0.06%)

  • Virtual Bank Rate 1.20% Yield 1.21%

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

  • First Internet Bank of Indiana Rate 1.15% Yield 1.16%


2 Year CD Rates



  • Silvergate Bank Rate 1.45% APY 1.46% (down 0.06%)

  • Synchrony Bank Rate 1.44% Yield 1.45%

  • PenFed Rate 1.40% Yield 1.41%

  • CIT Bank Rate 1.39% Yield 1.40%

  • AloStar Bank of Commerce Rate 1.39% Yield 1.40%

  • iGObanking Rate 1.34% Yield 1.35%

  • California First National Bank Rate 1.34% Yield 1.35%

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

  • First Internet Bank of Indiana Rate 1.30% Yield 1.31%


3 Year CD Rates



  • Silvergate Bank 1.65% Yield 1.66% (new top CD rate)

  • E-Loan 1.64% Yield 1.65%

  • EverBank 1.64% Yield 1.65% (increased 0.13%)

  • Sallie Mae 1.59% Yield 1.60%

  • First Internet Bank of Indiana 1.50% Yield 1.51%

  • Synchrony Bank 1.49% Yield 1.50%

  • Lone Star Bank 1.49% Yield 1.50%

  • AloStar Bank of Commerce 1.48% Yield 1.50%


4 Year CD Rates



  • EverBank Rate 1.89% Yield 1.91% (up 0.04%)

  • E-Loan 1.89% Yield 1.91% (new top CD rate)

  • Nationwide Bank Rate 1.84% Yield 1.86%

  • CIT Bank Rate 1.80% Yield 1.82%

  • Virtual Bank Rate 1.77% Yield 1.78%

  • Capital One 360 Rate 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 Rates



  • Everbank Rate 2.28% Yield 2.31% (up 0.04%)

  • E-Loan 2.28% Yield 2.31% (new top CD rate)

  • Synchrony Bank Rate 2.23% Yield 2.25%

  • Capital One Rate 360 2.23% Yield. 2.25%

  • First Internet Bank of Indiana Rate  2.15% Yield 2.17%


You can always find the most current CD rates by searching our database of rates at Monitor Bank Rates.
 
Author: Brian McKay
July 24th, 2015