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3 Banks Increase Rates – BankDirect 1 Year CD Rate Now at 1.25 Percent

The trend of higher CD rates continues as 3 more banks increase CD interest rates. This round of increases are from BankDirect, 5 Star Bank, and Mount McKinley Bank. The most notable of the increases is BankDirect's 1 year certificate of deposit.

BankDirect increased 1 year CD rates to 1.24 percent with an APY of 1.25 percent. The old rate was 1.20 percent with an APY of 1.21 percent. While the increase was only 4 basis points higher, BankDirect's 1 year rate is now in tied for the third highest 1 year rate in our database. You can check on all current rates at MonitorBankRates.com.

Latest CD Rate Increases

AdvertiserProductRate (new / old)Yield (new / old)
5 Star Bank6 month CD0.50 / 0.400.50 / 0.40
5 Star Bank1 yr CD1.09 / 0.991.10 / 1.00
5 Star Bank6 month jumbo CD0.50 / 0.400.50 / 0.40
5 Star Bank1 yr jumbo CD1.09 / 0.991.10 / 1.00
5 Star Bank6 month $25K CD0.50 / 0.400.50 / 0.40
5 Star Bank6 month $50K CD0.50 / 0.400.50/ 0.40
5 Star Bank1 yr IRA CD1.09 / 0.991.10 / 1.00
BankDirect1 yr CD1.24 / 1.201.25 / 1.21
BankDirect1 yr jumbo CD1.24 / 1.201.25 / 1.21
Mount McKinley Bank2 yr CD0.50 / 0.250.50 / 0.25
Mount McKinley Bank3 yr CD0.75 / 0.500.75 / 0.50

 







 
Author: Brian McKay
January 9th, 2016