Best CD Rates in January 2019 | CD Rates at Banks with the Highest Yields
Find the best CD rates, both nationally and regionally updated daily from the top rated banks. Get the highest CD interest rate available, view bank ratings and be sure you're getting the top rate.
PNC Bank currently has some of the best promotional CD rates and best savings rates available from any online bank, which is a stark contrast to their standard CD rates. The current savings rate at PNC Bank on the PNC High Yield Savings Account is at 2.32 percent with an APY of 2.35 percent. The minimum opening deposit for the PNC High Yield Savings Account is only $1.00.
PNC Bank’s 19 month promotional CD rates have three tiers with the highest CD rate being on account balance of $25,000 or more with a linked checking account. The current 19 month CD rate from PNC Bank is at 2.72 percent with an APY of 2.75 percent. Without a linked checking account, the CD rate is still high at 2.67 percent with an APY of 2.70 percent. Account balances of $1,000 to $24,999 still earn a decent CD rate of 2.38 percent with an APY of 2.40 percent. If you have less than $1,000 to open an account, that CD rate falls to 0.25 percent.
PNC Bank also has promotional callable certificates of deposit but the CD rates are low. If you give a bank the option to call or redeem the CD before maturity, you would think the bank would give you a high rate to entice you. However, 36 month callable CD rates from PNC Bank are only 0.50 percent. 60 month callable CD rates at PNC are also comparatively low at 1.10 percent.
PNC has been in business for over 160 years and does retail, corporate, and institutional banking. There is also a PNC Asset Management Group that consists of the following groups:
PNC serves over 8 million customers and small businesses with about 90 locations in 19 states and the District of Columbia. As of September 30, 2018, PNC had $293 billion of assets under administration.
PNC Bank Corporate Profile
PNC Bank Retail Banking
PNC Bank Consumer and small business banking
PNC Bank ASSET MANAGEMENT GROUP
Individual wealth and institutional investment management
Publicly traded asset management firm (minority ownership stake)
PNC Bank Headquarters
300 Fifth Avenue The Tower at PNC Plaza Pittsburgh, PA 15222
Bangor Savings Bank CD rates were dramatically increased and are now some of the best CD rates around. CD rates at Bangor Savings Bank were increased on both short and long term CDs.
The largest CD rate increase from Bangor Savings Bank was on the bank’s 1 year CD which was increased 45 basis points. Bangor Savings Bank’s motto is “you matter more.”
The new 1 year CD rate at Bangor Savings Bank is at 1.51 percent, up from 1.06 percent. 2 year CD rates from Bangor Savings Bank were increased to 1.71 percent, up from 1.36 percent. 5 year CD rates from Bangor Savings Bank were increased from 1.71 percent to 1.86 percent.
Information about certificate of deposit accounts at Bangor Savings Bank:
The minimum opening deposit is reasonable at $500. Of course the more you deposit the more you earn in interest on the account. CD interest is compounded daily and credited to your account monthly.
Daily compounding of interest maximizes the overall annual percentage yield of an account which is good. Some banks compound interest on monthly or quarterly periods which leads to an overall lower APY.
As with any CD account, penalties may be imposed for early withdrawal so be careful, make sure you don’t need access to the funds. You can see how current Bangor Savings Bank CD rates compare with other CD rates at banks to get the best rate today.
First Internet Bank CD rates which were already some of the best CD rates online are even higher now. First Internet CD rates were increased on all types of CDs including regular CDs, jumbo CDs and IRA CDs. All 1 year CD rates at First Internet Bank were increased from 2.73 percent to 2.89 percent. 6 month CD rates from First Internet Bank were increased from 2.27 percent to 2.48percent. 3 month CD rates from First Internet were increased from 1.92 percent to 2.07 percent. See how FIB CD rates compare with other bank CD rates to get the highest rate today.
Mercantil Bank CD rates are some of the highest CD rates currently available from any bank. 1 year CD rates at Mercantil Bank are at 2.80 percent for deposits of $10,000 or more. 5 year CD rates from Mercantil Bank are tied for the second best 5 year CD rate in our database at 3.50 percent. See how Mercantil Bank CD rates compare with other bank CD rates to get the best rate today.
The best CD rates available online moved higher over the past day and we expect more banks to raise CD rates before the end of 2018. The current best 1 year CD rate is now at 2.86 percent with an APY of 2.90 percent. The online bank offering that rate and yield is ableBanking, a division of Northeast Bank. The minimum opening deposit is $1,000. The best 9 month CD rates are at 2.30 percent with an APY of 2.31 percent from Luana Savings Bank. The minimum opening deposit is $5,000. The best 6 month CD rates are even better at 2.42 percent with an APY of 2.45 percent from My eBanc, A Division of BAC Florida. The minimum opening deposit for this CD account is also $5,000. Compare rates online to get the best CD rates today.
TIAA Bank CD rates on long term certificates of deposit were lowered Friday night. CD rates at TIAA Bank were lowered by a small amount and the bank’s rates are still competitive. Both regular CD rates and jumbo CD rates at TIAA Bank were lowered by the same amount. 3 year CD rates from TIAA Bank were lowered from 3.05 percent to 3.00 percent. 4 year CD rates from TIAA Bank now at 3.05 percent, down from 3.10 percent. 5 year CD rates at TIAA Bank were lowered from 3.15 percent to 3.10 percent. Compare the new TIAA Bank CD rates with other CD rates at banks to get the best rate.
The best 12 month CD rates in December 2018 are moving higher and might hit 3.00 percent before the end of the year. The bank that currently has the absolute best 12 month CD rates on the rate table now is VirtualBank with a rate of 2.86 percent, only 14 basis points below 3.00 percent. Three other banks have the second best 1-year CD rates for December 2018. Limelight Bank, Live Oak Bank, and Popular Direct are all offering 12 month CD rates at 2.85 percent. Rounding out the top 5 December CD rates is Merrick Bank with 12 month CD rates at 2.84 percent.
My eBanc CD rates which were already some of the best CD rates available moved higher over night. 6 month CD rates at My eBanc were increased from 2.25 percent to 2.45 percent. 6 month jumbo CD rates from My eBanc were also increased from 2.25 percent to 2.45 percent. Compare My eBanc CD rates with other online rates to get the best rate.
Marcus by Goldman Sachs CD Rates are competitive for both short and long term CDs but the best CD rate is the 1 year rate. Current 1 year CD rates at Marcus by Goldman Sachs (used to do business as Goldman Sachs Bank USA) are at 2.52 percent with an APY of 2.55 percent. 2 year CD rates from Marcus by Goldman Sachs are at 2.67 percent with an APY of 2.70 percent. The minimum opening deposit is $500. As Marcus by Goldman Sachs says and trademarked, “Don’t just store money. Make money.” See how Marcus by Goldman Sachs CD Rates compare with other rates here to get the highest CD rate for your investment.
PurePoint Financial CD rates moved upward again and are now some of the best CD rates available from any bank. Current 12 month CD rates at PurePoint Financial are at 2.76 percent with an APY of 2.80 percent. 3 year CD rates from PurePoint Financial are at 2.96 percent with an APY of 3.00 percent. The minimum opening deposit for all CDs is $10,000. Compare PurePoint Financial CD rates with other online rates here.
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Brian McKay launched MonitorBankRates.com in April 2008. MonitorBankRates.com is now one of the leading online personal finance publications and bank rate aggregators. We also aggregate cryptocurrency prices from exchanges around the world.
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