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Weekly CD Rate Report for March 6, 2015

This past week we saw average  certificate of deposit rates move higher on 1 and 5 year certificates of deposit, while declining on 2 year CDs. The rate changes were small, 1 year CD rates moved up 1 basis point, 2 year rates moved 1 basis point lower, and 5 year rates increased by 2 basis points.

There are no new CD rate highs to report for any CD terms this week. Rates will probably hold near current levels until the Federal Reserve increases the federal funds rate. At this time we are looking for a 25 basis point increase to take place after the Fed's June 16-17 meeting.



Listed below are the highest CD rates on the rate tables for CD terms of 3 months to 5 years:


3 Month CD Interest Rates

  • California First National Bank 0.60%

  • First Internet Bank of Indiana 0.45%

  • AloStar Bank of Commerce 0.40%

  • Goldwater Bank 0.40%

  • Barclays Bank 0.35%

  • Discover Bank 0.35%


6 Month CD Interest Rates

  • Zions Direct 1.00%

  • California First National Bank 0.85%

  • Chartway Federal Credit Union 0.85%

  • EH National Bank  0.80%

  • My e-BAnC by BAC Florida Bank 0.80%


1 Year CD Interest Rates

  • Chartway Federal Credit Union 1.30% APY 1.31%

  • Connexus Credit Union 1.30% APY 1.30%

  • Bank Direct 1.20% APY 1.21%

  • CIT Bank 1.19% APY 1.20%

  • Synchrony Bank 1.19% APY 1.20%

  • My e-BAnC by BAC Florida Bank 1.17% APY 1.18%


2 Year CD Interest Rates

  • CIT Bank 1.34% APY 1.35%

  • Synchrony Bank 1.34% APY 1.35%

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

  • California First National Bank 1.29% APY 1.30%

  • Home Savings Bank 1.29% APY 1.30%

  • GE Capital Bank 1.29% APY 1.30%

  • Ally Bank 1.28% APY 1.29%


3 Year CD Interest Rates

  • Synchrony Bank 1.49% APY 1.50%

  • First Internet Bank of Indiana 1.45% APY 1.46%

  • Discover Bank 1.44% APY 1.45%

  • Barclays Bank 1.44% APY 1.45%

  • GE Capital Bank 1.44% APY 1.45%

  • Sallie Mae Bank 1.44% APY 1.45%

  • EverBank 1.43% APY 1.44%


4 Year CD Interest Rates

  • CIT Bank 1.88% APY 1.90%

  • Nationwide Bank 1.88% APY 1.90%

  • Barclays Bank 1.83% APY 1.85%

  • Synchrony Bank 1.73% APY 1.75%

  • EverBank 1.73% APY 1.75%

  • Discover Bank 1.73% APY 1.75%

  • GE Capital Bank 1.73% APY 1.75%


5 Year CD Interest Rates

  • Synchrony Bank 2.23% APY 2.25%

  • Barclays Bank 2.23% APY 2.25%

  • GE Capital Bank 2.23% APY 2.25%

  • First Internet Bank of Indiana 2.10% APY 2.12%

  • EverBank 2.08% APY 2.10%

  • Discover Bank 2.08% APY 2.10%

  • Sallie Mae Bank 2.08% APY 2.10%


 
 
Author: Brian McKay
March 6th, 2015