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CD Rate Changes this Past Week – Top 1 Year CD Rate Lowered 10 BPS

We now have six banks tied for the top 1 year CD rate. Several banks increased their CD rates recently as we wait for the Fed to increase rates, possibly as soon as next week.

California First National Bank was the highest bank rate last week but now CFNB's 1 year rate is tied with 6 other banks for the top rate of 1.24. The highest 1 year rate from a credit union in the rate database is slightly higher at 1.32 percent with an APY of 1.33 percent.

Listed below are CD rate changes from this past week.

BankProductRate (New / Old)Yield (New / Old)
California First National Bank1 yr CD1.24 / 1.211.25 / 1.22
California First National Bank2 yr CD1.44 / 1.391.45 / 1.4
Federal Savings Bank1 yr CD1.24 / 1.341.25 / 1.35
Silvergate Bank3 yr jumbo CD1.65 / 1.651.66 / 1.65
My e-BAnC by BAC Florida Bank6 month CD0.85 / 0.800.85 / 0.80
My e-BAnC by BAC Florida Bank1 yr CD1.24 / 1.201.25 / 1.21
My e-BAnC by BAC Florida Bank6 month jumbo CD0.85 / 0.820.85 / 0.82
My e-BAnC by BAC Florida Bank1 yr jumbo CD1.29 / 1.241.3 / 1.25
My e-BAnC by BAC Florida Bank18 month CD1.24 / 1.201.25 / 1.21
My e-BAnC by BAC Florida Bank18 month jumbo CD1.29 / 1.241.3 / 1.25
Pentagon Federal Credit Union1 yr CD1.10 / 1.201.11 / 1.2
Ally Bank2 yr CD1.29 / 1.281.3 / 1.29
Ally Bank3 yr CD1.54 / 1.491.55 / 1.50
Ally Bank18 month CD1.29 / 1.181.3 / 1.19

To run your own search of CD rates in our database, go to MonitorBankRates.com.







 
Author: Brian McKay
December 8th, 2015