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Average 1 Year CD Rates Increase to 0.90 Percent, Best 1 Year Rates Increase to 1.07 Percent     In the coming years CD rates will be moving higher. After 6 years of watching banks and credit unions lower rates the wait for higher rate is agonizing. The vast majority of banks and credit unions won't increase their deposit rates until the Federal Open Market Committee increases the federal funds rate. A higher fed funds rate isn't expect to the summer or fall of 2015. The new top CD rate of 1.06 percent in our 1 year certificate of deposit rate is from Virtual Bank. This bank also increased their 2 CD rates to 1.25 percent with an APY of 1.26 percent, overtaking Salem Five with the best 2 year rate in our database. Virtual Bank has a minimum opening deposit of $10,000 for their 1 year and 2 year CD accounts. If you don't have $10k to deposit into a CD account you can get the second best 1 year rate on our list. GE Capital Retail Bank and AbleBanking are both offering 1 year CD rates with an APY of 1.05% GE Capital Retail Bank's minimum opening deposit is $500 and AbleBanking's minimum opening deposit is $1,000. Below is a list of the highest 1 year CD rates this week. Highest 1 Year CD Rates
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Rate Tables    Banking & Finance InformationPersonal FinanceBanking ArticlesWhy Are Long Term Interest Rates Low?Higher CD Rates This Month Will Depend on The FedCredit Union now Offering 1 Year CD Rates at 1.50%Fed Will Push Top 1 Year CD Rates Above 1.50%Outlook for Higher CD Rates in 2017 is PromisingTAB Bank CD Rates ChangedAstoria Bank Increases Intermediate and Long Term CD RatesThis Past Week’s CD Rate ChangesNo Relief for Savers as FOMC Declines Rate HikeEverBank’s 1 Year CD Rate Now the Best 1 Year Rate in the DatabaseTriState Capital Bank Increases Short and Intermediate Term Jumbo CD RatesLive Oak Bank CD Rates and ReviewSilvergate Bank Drastically Reduces Short Term CD RatesRecent CD Rate Changes Are Mostly Lower1.11% APY – EverBank 2 Year Jumbo CD RatesE-Loan Changes 2 Year and 5 Year CD RatesHome Savings Bank Lowers Internet CD RatesAloStar Bank Still has Highest 6 Month CD Rate Even with DecreaseHighest CD Rates are Offered by AloStar Bank of Commerce1.35% APY – New Highest 1 Year CD Rate in our Database |