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Fed Stands Pat on Fed Funds Rate as Two Banks Increase CD Rates

The Federal Reserve decided to keep the federal funds rate near zero percent for now. Despite the Fed holding pat, a couple of banks decided to increase CD rates. California First National Bank increased their 6 month and 1 year rates. The bank's 1 year rate is now the second best rate available in the database.

The other bank that increased rates was EverBank, which is no surprise. EverBank constantly changes rates, this week the changes were small, 1 or 2 basis points. Listed below are today's CD rate changes.

CD Rate Changes

BankProductRate (new / old)Yield (new / old)
California First National Bank6 month CD0.90 / 0.850.90 / 0.85
California First National Bank1 yr CD1.23 / 1.191.24 / 1.20
EverBank6 month CD0.55 / 0.540.55 / 0.54
EverBank2.5 yr CD1.21 / 1.191.22 / 1.20
EverBank3 yr CD1.39 / 1.371.4 0/ 1.38
EverBank6 month jumbo CD0.55 / 0.540.55 / 0.54
EverBank2.5 yr jumbo CD1.21 / 1.191.22 / 1.20
EverBank9 month CD0.66 / 0.630.66 / 0.63
EverBank9 month jumbo CD0.66 / 0.630.66 / 0.63
EverBank3 yr jumbo CD1.39 / 1.371.40 / 1.38

See All Current Bank CD Rates by Searching our Database at Monitor Bank Rates







 
Author: Brian McKay
September 18th, 2015