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TAB Bank Increases CD Rates

TAB Bank CD rates were recently increased on the bank's short term and intermediate term certificates of deposit. With these rate increases, TAB Bank's 3 month, 6 month, 1 year, 2 year, and 3 year CD rates are now in the top 5 CD rates available for each one of those CD terms.

The largest percentage rate increase was on the bank's 6 month CDs. The 6 month CD rate was increased 50 percent from 0.60 percent to 0.90 percent. At 0.90 percent, the 6 month rate puts the bank in second place on our 6 month rate list. The top 6 month CD rate is from Live Oak Bank, which is offering a rate and yield of 1.00 percent.

TAB Bank (TAB), formerly Transportation Alliance Bank, has been in business for almost 20 years. The bank was established as an Industrial Loan Corporation (ILC) in 1998. TAB is an affiliate of TAB Bank Holdings Inc., headquartered in Ogden, UT.

Deposits at TAB Bank are insured by the FDIC up to the maximum amount allow by law. The Bank FDIC certificate number is 34187.

TAB Bank Recent CD Rate Changes

Bank	Product	Rate (new / old)	Yield (new / old)
TAB Bank	3 month CD	0.5 / 0.35	0.5 / 0.35
TAB Bank	6 month CD	0.9 / 0.6	0.9 / 0.6
TAB Bank	1 yr CD	1.23 / 0.95	1.24 / 0.95
TAB Bank	2 yr CD	1.42 / 1.2	1.43 / 1.2
TAB Bank	3 yr CD	1.56 / 1.45	1.57 / 1.45
TAB Bank	3 month IRA CD	0.5 / 0.35	0.5 / 0.35
TAB Bank	6 month IRA CD	0.9 / 0.6	0.9 / 0.6
TAB Bank	1 yr IRA CD	1.23 / 0.95	1.24 / 0.95
TAB Bank	2 yr IRA CD	1.42 / 1.2	1.43 / 1.2
TAB Bank	3 yr IRA CD	1.56 / 1.45	1.57 / 1.45

See how these new CD rates at TAB Bank compare with other bank CD rates by searching our rate tables at MonitorBankRates.com.

Author: Brian McKay

August 25th, 2016