Weekly Update on Certificate of Deposit Rates

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Current certificate of deposit rates are stable as we head into the third month of 2015. Some financial institutions have increased CD rates but there are no new highs on the rate tables this week. That will change in the coming months as the Federal Reserve increases the fed funds rate. A higher fed funds rate will lead to higher deposit rates.

Listed below are current CD rates for February 26, 2015:



3 Month Rates

  •  California First National Bank 0.60%

  • First Internet Bank of Indiana 0.45%

  • AloStar Bank of Commerce 0.40%

  • Goldwater Bank 0.40%

  • VirtualBank 0.40%


6 Month Rates

  • Zions Direct 1.00%

  • California First National Bank 0.85%

  • Chartway Federal Credit Union 0.85%

  • Doral Direct 0.82%

  • My e-BAnC by BAC Florida Bank 0.80%

  • EH National Bank  0.80%


1 Year Rates and APY

  • Connexus Credit Union 1.30% APY 1.30%

  • Chartway Federal Credit Union 1.20% APY 1.21%

  • 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 Rates and APY

  • 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%

  • 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 Rates and APY

  • Synchrony Bank 1.49% APY 1.50%

  • EverBank 1.49% APY 1.50%

  • Barclays Bank 1.44% APY 1.45%

  • Discover Bank 1.44% APY 1.45%

  • Sallie Mae Bank 1.44% APY 1.45%

  • First Internet Bank of Indiana 1.44% APT 1.45%

  • GE Capital Bank 1.44% APY 1.45%


4 Year Rates and APY

  • CIT Bank 1.88% APY 1.90%

  • Nationwide Bank 1.88% APY 1.90%

  • EverBank 1.86% APY 1.88%

  • Barclays Bank 1.83% APY 1.85%

  • Virtual Bank 1.77% APY 1.78%

  • Synchrony Bank 1.73% APY 1.75%


5 Year Rates and APY

  • Synchrony Bank 2.23% APY 2.25%

  • Barclays Bank 2.23% APY 2.25%

  • GE Capital Bank 2.23% APY 2.25%

  • Nationwide Bank 2.13% APY 2.15%


 

 

 
 
Author: Brian McKay
February 26th, 2015