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Bank CD Rates Report May 21, 2015

Another quiet week for CD rates, no big change in rates for short term or long term certificate of deposits. We don't expect any major changes in CD rates until the Federal Open Market Committee meets next month. If the FOMC does increase the federal funds rate, banks will follow with higher deposit rates.

The best CD rate deal in our rate database is MyCBB Bank's 2 month CD rate at 0.80 percent. Investing in short term certificates of deposit right now makes sense because rates are moving higher this year. MyCBB Bank's rate is also higher than all 3 month rates in the database and better than most 6 month rates.




Colorado Federal Savings Bank increased their CD rates and the bank is now listed in most of the rate lists below. Capital One Bank also increased their rates and made some of the lists. California First National Bank increased their 6 month rate from 0.85 percent to 0.95 percent. EverBank made small increases to their rates, a couple basis points higher. Discover Bank lowered their 5 year CD rate 10 basis points.

Below are this week's best CD rates for certificate of deposit terms of 1 month to 5 years.

Bank CD Interest Rates Report May 21, 2015


1 Month CD Rates

  1. Lone Star Bank Rate 0.15% Yield 0.15%

  2. Virtual Bank Rate 0.15% Yield  0.15%

  3. AloStar Bank of Commerce Rate 0.10% Yield 0.10%

  4. E-Loan Rate 0.10% Yield 0.10%

  5. Mount McKinley Bank Rate 0.09% Yield 0.09%


2 Month Bank CD Rates

  1. MyCBB Rate 0.80% Yield 0.80%  (Top CD Rate Alert)

  2. E-Loan Rate 0.16% Yield 0.16%

  3. Loan Star Bank Rate 0.15% Yield 0.15%

  4. Virtual Bank Rate 0.15% Yield 0.15%


3 Month CD Rates at Banks

  1. California First National Bank Rate 0.60% Yield 0.60%

  2. First Internet Bank of Indiana Rate 0.45% Yield 0.45%

  3. AloStar Bank of Commerce Rate 0.40% Yield 0.40%


  4. Goldwater Bank Rate 0.40% Yield 0.40%

  5. Barclays Rate 0.35% Yield 0.35%

  6. Discover Bank Rate 0.35% Yield 0.35%

  7. EverBank Rate 0.33% Yield 0.33%

  8. EH National Bank Rate 0.30% Yield 0.30%

  9. USAA Rate 0.33% Yield 0.33%


Best 6 Month CD Rates

  1. Zions Direct Rate 1.00% Yield 1.00%

  2. California First National Bank Rate 0.95% Yield 0.95% (Rate Increased from 0.85%)

  3. MyCCB Rate 0.85% Yield 0.85%

  4. EH National Bank Rate 0.80% Yield 0.80%

  5. My e-BAnC by BAC Florida Bank Rate 0.80% Yield 0.80%

  6. Silvergate Bank Rate 0.75% Yield 0.75%

  7. Colorado FSB Rate 0.70% Yield 0.70%

  8. First Internet Bank of Indiana 0.70% Yield 0.70%

  9. Goldwater Bank 0.70% Yield 0.70%


Highest 9 Month CD Rates

  1. New Dominion Bank Rate 0.89% Yield 0.90%

  2. AloStar Bank of Commerce Rate 0.80% Yield 0.80%

  3. giantbank.com Rate 0.75% Yield 0.75%

  4. Discover Bank Rate 0.70% Yield 0.70%

  5. Virtual Bank Rate 0.70% Yield 0.70%

  6. USAA Rate 0.66% Yield 0.66%

  7. Ever Bank Rate 0.63% Yield 0.63%

  8. Barclays 0.60% Yield 0.60%


Top CD Rates 1 Year

  1. Colorado FSB 1.34% Yield 1.35%

  2. Synchrony Bank Rate 1.22% Yield 1.23%

  3. BankDirect Rate 1.20% Yield 1.21%

  4. My e-BAnC by BAC Florida Bank Rate 1.19% Yield 1.20%

  5. Home Savings Bank Rate 1.19% Yield 1.20%

  6. California First National Bank Rate 1.15% Yield 1.16%

  7. Virtual Bank Rate 1.15% Yield 1.16%

  8. Sallie Mae Rate 1.14% Yield 1.15%

  9. AloStar Bank of Commerce Rate 1.09% Yield 1.10%

  10. Silvergate Bank  1.07% Yield 1.08%


CD Interest Rates 18 Months

  1. Synchrony Bank Rate 1.34% Yield 1.35%

  2. Virtual Bank Rate 1.20% Yield 1.21%

  3. My e-BAnC by BAC Florida Bank Rate 1.19% Yield 1.20%

  4. AloStar Bank of Commerce Rate 1.14% Yield 1.15%

  5. First Internet Bank of Indiana Rate 1.10% Yield 1.10%

  6. Ally Bank Rate 1.09% Yield 1.10%

  7. Discover Bank Rate 1.04% Yield 1.05%

  8. Colorado FSB 1.04% Yield 1.05%


2 Year CD Rates

  1. Live Oak Bank 1.50% Yield 1.50%

  2. Synchrony Bank Rate 1.34% Yield 1.35%

  3. Barclays Bank Rate 1.34% Yield 1.35%

  4. igobanking Rate 1.34% Yield 1.35%

  5. My e-BAnC by BAC Florida Bank Rate 1.30% Yield 1.31%

  6. California First National Bank Rate 1.29% Yield 1.30%

  7. Home Savings Bank Rate 1.29% Yield 1.30%

  8. Ally Bank Rate 1.28% Yield 1.29%


30 Month CD Rates

  1. Lone Star Bank Rate 1.41% Yield 1.42%

  2. Discover Bank Rate 1.29% Yield 1.30%

  3. EverBank Rate 1.23% Yield 1.24%


3 Year Rates

  1. Synchrony Bank Rate 1.49% Yield 1.50%

  2. Lone Star Bank Rate 1.49% Yield 1.50%

  3. Capital One Bank 1.49% Yield 1.50%

  4. First Internet Bank of Indiana Rate 1.45% Yield 1.46%

  5. Barclays Bank Rate 1.44% Yield 1.45%

  6. Discover Bank Rate 1.44% Yield 1.45%

  7. EverBank Rate 1.44% Yield 1.45%

  8. Ally Bank 1.39% Yield 1.40%

  9. Colorado FSB Rate 1.39% Yield 1.40%

  10. California First National Bank Rate 1.39% Yield 1.40%

  11. My e-BAnC by BAC Florida Bank Rate 1.39% Yield 1.40%


4 Year Rates

  1. Nationwide Bank Rate 1.84% Yield 1.86% Yield

  2. Barclays Bank Rate 1.83% Yield 1.85%

  3. CIT Bank Rate 1.80% Yield 1.82%

  4. Virtual Bank Rate 1.77% Yield 1.78%

  5. EverBank Rate 1.76% Yield 1.78%

  6. Capital One Bank Rate 1.75% Yield 1.76%

  7. Discover Bank Rate 1.74% Yield 1.76%

  8. Synchrony Bank Rate 1.73% Yield 1.75%


  9. First Internet Bank of Indiana Rate 1.70% Yield 1.71%


5 Year Rates

  1. Synchrony Bank Rate 2.23% Yield 2.25%

  2. Barclays Bank Rate 2.23% Yield 2.25%

  3. Capital One Bank 2.18% Yield 2.20%

  4. First Internet Bank of Indiana Rate 2.10% Yield 2.12%

  5. EverBank Rate 2.01% Yield 2.03%

  6. Discover Bank Rate 1.98% Yield 2.00% (Decreased from 2.08% Yield 2.10%)

  7. Ally Bank Rate 1.98% Yield 2.00%

  8. Salem Five Rate 1.98% Yield 2.00%


 
 
Author: Brian McKay
May 21st, 2015