We have seen more rates decreasing again this month. The highest Certificate of Deposit rates for one year with healthy banks are averaging below 1.25%. One Star to Two star rated banks are still popping in around 1.50%. We heard that a bank in Puerto Rico was offering a 2.25%, but only for local credit unions. It has to turn around someday. I’m a using little different format this time.

One Year CDs
Northpointe Bank has top CD rates at 2.05%. Of course there is a catch. It is actually a 2-year CD with no penalty to close after 1-year. So after 1-year it basically becomes a liquid CD. Quite a nice feature. Bank does have some weakness though. Alliant Credit Union has a 1.75%. We’ve featured them before. They have a 3 to 4 star rating depending on whom you ask.

Eighteen Month CDs
Alliant Credit Union has a 2.00%. First City Bank of Florida has a 2.00%. They have a 1-star rating. Aurora Bank FSB (FKA Lehman Brothers Bank) has a 1.78%. They have a 2-star to 3-star rating. And yes, they are trying to distance themselves from their past failures.

Two Year CDs
We have a bank with a 2.50%. They are 3 to 4 star rated. Alliant has a 2Y at 2.25%. Alliant came on the scene a few years ago and has continued to keep their rates quite competitive. And of course as I mentioned above, Northpointe has a 2.05%.

Three Year CDs
First Federal Bank of the Midwest has a 37-month at 2.75%. They have a 4-star rating. Alliant Credit Union comes in second with a 2.50%. Pentagon Federal Credit Union also has a 3-year at 2.50%. They have a 4-star rating.

Five Year CDs
Acacia Federal Savings Bank has a 3.20%. They have a 2-star rating. Nationwide Bank has a 3.10% and only a 6-month penalty to close. Ally Bank is supposed to have a 60-Day penalty and their rate is 2.99%. At least they could have made it an even 3.00%.

Please remember that although we strive for accuracy mistakes can be made. Please verify federal insurance, rates, and ratings with any institution you are looking to make deposits with.

Bank and Credit Union Reviews

We have added a new section to the main part of our site. I may end up moving it to the blog, but for now, the blog will host Bank and Credit Union Reviews and the static site will host the rates by state. The short-story is the blogging software we use (WordPress) does have limitations when you want to be able create posts that would only show on certain pages.

If you would like to share your experience(s) with a bank or credit union, please leave a comment here. Eventually, we hope to have a good set of information so others can make more educated decisions about where they decide to deposit their money.

Have a blessed day.
cd :O)

CD Rate Update
CA CD Rates

Have a couple of good CD rates.

14-mo at 1.93% APY. Bauer — 3-Stars. TheStreet — B-.
FDIC Insured Bank.

2-year at 2.49% APY. Bauer — 4-stars. TheStreet — D+. This is sort of an enigma. We use a third rating system that also rates them above average. I looked at the data and they did have quite a charge off and the reserves they have set aside may not cover future loan losses. So TheStreet may actually be the better rating. Of course, they are FDIC insured.

$100,000 minimum. Call and mention the blog post for a 20% discount on our fee (0.12% instead of 0.15%). Our number is 800-234-4605.

Looking for free rate information:
Acacia Federal Savings Bank — 15mo at 1.64%.

If this post was helpful and you haven’t subscribed yet, sign up for our rate alerts. Free or paid we do our best to provide value. If you are a subscriber, tell your friends.

Have a great weekend. My youngest daughter will be doing a ballet performance.

Have any good deals, share them.
cd :O)

Institutional CD Rate