Marcus by Goldman Sachs CD Rates July 2019Marcus by Goldman Sachs CD rates are some of the best CD rates available right now but that is only on the bank’s intermediate term certificates of deposit. Shorter term and longer term CD rates at Marcus by Goldman Sachs are not as good right now. You have to invest in a CD account with a term of 12 months to get the best CD rate from Marcus by Goldman Sachs.

For example, current 12 month CD rates from Marcus are at 2.47 percent with an APY of 2.50 percent. Where as 9 month CD rates are currently at 0.70 percent and 6 month CD rates are at 0.60 percent. 24 month CD rates at Marcus are offered at 2.55 percent, only 5 basis points above 1 year CD rates.

CD Rates from Marcus by Goldman Sachs

  • 6 Month 0.60%
  • 9 Month 0.70%
  • 12 Month 2.50%
  • 18 Month 2.50%
  • 24 Month 2.55%
  • 36 Month 2.60%
  • 48 Month 2.65%
  • 60 Month 2.80%
  • 72 Month 2.85%

 

 
Author: Brian McKay
July 6th, 2019
Posted in: CD Rates

F&M Bank CD RatesF&M Bank CD rates on their My Choice CDs are some of the best CD rates available right now. 1 year My Choice CD rates at F&M Bank are currently at 2.47 percent with an APY of 2.50 percent. F&M Bank’s 2 year My Choice CD rates are at 2.96 percent with an APY of 3.00 percent.

In addition to having some really high CD rates the My Choice CDs also have some unique features. One of the most unusual features of the My Choice CD is that you can withdrawal up to 50 percent of the balance after 6 months without having to pay a penalty. Most banks charge a penalty for an early withdrawal on a CD account and the penalty on a 1 year CD term or less is usually all of the interest earned.

The Step Up option allows you to “step up” the rate after you open the account. With this option, you are allowed to get a higher CD rate if rates increase after you open the account. Electing the “step up” option must be initiated by the account holder.

The minimum opening deposit for these accounts is $1,000 and the maximum deposit is $500,000. Besides these great My Choice CD rates from F&M Bank, the bank is also offering the following regular rates.

Regular CD Rates at F&M Bank

  • 3 Months 0.45%
  • 6 Months 0.60%
  • 9 Months 0.95%
  • 12 Months 1.31%
  • 18 Months 1.41%
  • 24 Months 1.51%
  • 36 Months 1.61%
  • 48 Months 1.76%
  • 60 Months 2.02%

To get the best deal on a CD account today compare other CD rates at banks with F&M Bank CD Rates.

 
Author: Brian McKay
March 17th, 2019
Posted in: CD Rates

iGObanking 1 Year CD RateiGObanking 1 year CD rates were recently increased and are now very competitive. 1 year CD rates at iGObanking are now at 2.62 percent with an APY of 2.65 percent. The old 1 year CD rate at iGObanking was pathetically low at 0.15 percent with an APY of 0.15 percent. The minimum opening deposit for a CD account at iGObanking is $1,000.

All other CD rates from iGObanking are just as low as 1 year CD rates were. Short and intermediate term CD rates from iGObanking are all at 0.15 percent and long term CD rates are at 0.35 percent. The complete list of current CD rates from iGObanking is below.

iGObanking CD Rates

  • 3 Month 0.15%
  • 6 Month 0.15%
  • 8 Month 0.15%
  • 9 Month 0.15%
  • 12 Month 2.65%
  • 13 Month 0.15%
  • 15 Month 0.15%
  • 18 Month 0.15%
  • 2 Year 0.15%
  • 3 Year 0.35%
  • 4 Year 0.35%
  • 5 Year 0.35%
  • 7 Year 0.35%
  • 10 Year 0.35%

See how iGObanking CD rates compare with other bank CD rates today to get the best deal.

 
Author: Brian McKay
February 12th, 2019
Posted in: CD Rates

CD Rates at Popular Direct LoweredPopular Direct CD rates, which at one point in 2019 were the best CD rates on our rate list, were lowered yesterday. Despite the decreases in rates, Popular Direct CD rates are still very competitive. The biggest decrease was 3 year CD rates from Popular Direct which were lowered 15 basis points to 3.10 percent with an APY of 3.15 percent. Even with this decrease, 3 year CD rates from Popular Direct are still the third best rate on our 3 year CD rate list.

18 month CD rates were lowered from 2.86 percent with an APY of 2.90 percent to 2.81 percent with an APY of 2.85 percent. 2 year CD rates were lowered from 3.00 percent with an APY of 3.05 percent to 2.96 percent with an APY of 3.00 percent.

The new 2 year CD rate of 3.00 percent places Popular Direct’s rate in second place on our 2 year rate list. The top rate is from First Internet Bank of Indiana at 3.03 percent.

4 year CD rates were lowered from 3.30 percent with an APY of 3.35 percent to 3.25 percent with an APY of 3.30 percent. 5 year CD rates were lowered from 3.49 percent with an APY of 3.55 percent to 3.44 percent with an APY of 3.50 percent.

 
Author: Brian McKay
January 29th, 2019
Posted in: CD Rates

Bangor Savings Bank CD Rates Sharply HigherBangor Savings Bank CD rates were increased this week. The largest CD rate increase from Bangor Savings Bank were on their short term certificate of deposit. Their 3 month CD rates were increased by 25 percent from 1.00 percent with an APY of 1.01 percent to 1.25 percent with an APY of 1.26 percent. Bangor Savings Bank 3 month CD rates are now in the top ten 3 month rates available on our list.

6 month CD rates from Bangor Savings Bank were also increased by a large amount. Current 6 month CD rates are at 1.50 percent with an APY of 1.51 percent, up from 1.25 percent with an APY of 1.26 percent. Other CD rate increases from Bangor Savings Bank are as follows:

  • 1 Year CD Rates 1.65% with an APY of 1.66%, up from 1.50% with an APY of 1.51%
  • 2 Year CD Rates 1.90% with an APY of 1.92%, up from 1.70% with an APY of 1.71%
  • 30 Month CD Rates 1.95% with an APY of 1.97%, up from 1.75% with an APY of 1.76%
  • 3 Year CD Rates 1.95% with an APY of 1.97%, up from 1.75% with an APY of 1.76%
  • 4 Year CD Rates 1.95% with an APY of 1.97%, up from 1.75% with an APY of 1.76%
  • 3 Year CD Rates 2.00% with an APY of 2.02%, up from 1.85% with an APY of 1.87%

The minimum opening deposit for a CD account at Bangor Savings Bank is $500. CD interest is compounded daily and credited to your account monthly. You can see how these Bangor Savings Bank CD rates compare with other CD rates at banks by searching our rate table at MonitorBankRates.com.

 
Author: Brian McKay
January 26th, 2019
Posted in: CD Rates

State Farm Bank Ups CD RatesState Farm Bank CD rates, which were around the middle of the pack as far as rates goes, were increased. The CD rate increases at State Farm Bank were on intermediate term CDs from 1 year to 30 months. The largest CD rate increase was on their 30 month certificates of deposit which was increased by 60 basis point, or 0.60 percent. 30 month CD rates at State Farm Bank were increased from 2.27 percent with an APY of 2.30 percent to 2.86 percent with an APY of 2.90 percent.

Other CD rate increases at State Farm Bank were 15 basis points, or 0.15 percent. 1 year CD rates at State Farm Bank were increased from 1.98 percent with an APY of 2.00 percent to 2.13 percent with an APY of 2.15 percent.

2 year CD rates at State Farm Bank were increased from 2.32 percent with an APY of 2.35 percent to 2.47 percent with an APY of 2.50 percent.

These CD rate increases at State Farm Bank are on regular CDs jumbo CDs, IRA CDs, and jumbo IRA CDs.

As with any CD account, there are early withdrawal penalties. State Farm Bank’s early CD withdrawal penalties are as follows:

  • Penalty of seven (7) days’ interest on the principal withdrawn when the withdrawal is made within six (6) days of the initial deposit.
  • Penalty of seven (7) days’ interest on the principal withdrawn when the withdrawal is made within six (6) days of a previous withdrawal.

State Farm Bank CD Account Benefits:

  • Minimum opening deposit is only $500
  • Interest is compounded daily which maximizes your earning potential.
  • Interest payments can be added to the CD account, paid by check, or deposited to a State Farm Bank account.
  • Automatic renewal at maturity which allows you to continue to earn interest through your grace period.
  • 10-calendar-day grace period after the maturity date to change the length of the term or withdraw funds without being charged a penalty.
  • You can also increase the amount in your Certificate of Deposit during the grace period.
  • Online statements are available.

To get the best deal on a CD account see how other CD rates at banks compare to State Farm Bank CD Rates.

 
Author: Brian McKay
January 17th, 2019
Posted in: CD Rates

CD Rates Continue Upward in 2019CD rates continue their upward momentum in 2019 as several online banks increased CD rates. Right now the best 12 month CD rate is from First Internet Bank at 2.89 percent. The minimum opening deposit for a CD account at FIB is $1,000. This CD rate from FIB is almost 500 percent higher than the current FDIC national average 12 month CD rate of 0.61 percent.

The best CD rate on 6 month certificates of deposit goes to Popular Direct with a top rate of 2.49 percent. Popular Direct’s 6 month CD rate is more than 700 percent higher than the FDIC national average 6 month rate of 0.34 percent. The minimum opening deposit for a Popular Direct CD account is $10,000.

Moving onto 3 month CD rates, the highest rate right now is also from Popular Direct at 2.15 percent with a minimum deposit of $10,000. This 3 month CD rate from Popular Direct is more than 10 times higher than the FDIC average of 0.20 percent.

The highest 2 year CD rate right now on the rate list is from FIB at 3.07 percent with an APY of 3.11 percent. The minimum opening balance for the 2 year CD is also $1,000. FIB’s 2 year CD rate is more than 255 percent higher than the FDIC average of 0.82 percent.

Popular Direct also holds the top spot for the best 3 year CD rate right now at 3.30 percent. The current FDIC average 3 year CD rate is much lower at 0.96 percent.

The best CD rate on 5 year CDs also goes to Popular Direct with a rate of 3.54 percent and a yield of 3.60 percent. The current FDIC national average rate is also much lower at 1.25 percent.

 
Author: Brian McKay
January 8th, 2019
Posted in: CD Rates

Mercantil Bank CD Rates Upped in 2019Mercantil Bank CD rates, which already had some of the best CD rates around, recently increased their CD rates on their Smart CDs. The best overall deal is on the 15 month CD from Mercantil Bank. Current 15 month CD rates from Mercantil Bank are at 2.75 percent.

24 month CD rates from Mercantil Bank are at 2.55 percent. 36 month CD rates from Mercantil Bank are at 2.70 percent. 48 month CD rates from Mercantil are at 2.75 percent and 60 month rates are at 3.40 percent. See how other CD rates at banks compare with Mercantil Bank CD rates.

Certificates of deposit are insured by the FDIC by up to $250,000 per depositor. Some of the benefits of a CD account include:

  • 24/7 Online Banking Access
  • No monthly fees
  • Maturity Alerts
  • Automatic Rollover

Mercantil Bank has been in business for almost 40 years since opening it’s first location in North Miami, Florida. The bank is a lot larger now with 22 banking centers total. There are 15 locations in South Florida and 7 in Houston. The bank now has 800 employees.

 
Author: Brian McKay
January 5th, 2019
Posted in: CD Rates

Best CD Rates Start 2019 HigherThe best CD rates just keep getting better in 2019 as banks and credit unions increase rates. We expect CD rates to continue to move higher in 2019 because the Federal Reserve is widely expected to increase the fed funds rate at least twice in 2019. The best CD rates on 1 year certificates of deposit are at 2.90 percent from ableBanking, the online division of Northeast Bank. We won’t be surprised if 12 month CD rates hit 3.00 percent by the first quarter of 2019. 

The highest CD rates on 2 year CDs are already over 3.00 percent. The current highest 2 year CD rate on our rate list is also from ableBanking at 3.20 percent. We anticipate the top 2 year CD rates to move above 3.25 percent early in 2019.

Two banks are currently offering the best 3 year CD rate on our list. Popular Direct and ableBanking are both offering 3 year CD rates at 3.20 percent with an APY of 3.25 percent.

The top spot for 5 year CD rates on the rate list also goes to Popular Direct at 3.54 percent with an APY of 3.60 percent. Look for the best 5 year rates to hit 3.75 percent by the first quarter of 2019.

 
Author: Brian McKay
January 2nd, 2019
Posted in: CD Rates

Discover Bank Ups CD RatesDiscover Bank CD rates, which were already some of the best CD rates available, were increased this past week. Both regular and jumbo CD rates from Discover Bank were increased by the same amounts on Discover’s 12 month CDs. 1 year CD rates at Discover Bank were increased from 2.57 percent with an APY of 2.60 percent to 2.62 percent with an APY of 2.65 percent.

The minimum amount to open a certificate of deposit at Discover is $2,500.

The easiest way to open a certificate of deposit account is online. You can also call Discover at 1-800-347-7000 and speak with one of their U.S.-based Banking Specialists to open an account. If you interested in opening a Trust, Custodial, Guardian, and Estates CD account you have to call Discover to do it.

After you open a CD account you’ll have to fund the account, there are several ways to fund the account.

  • Online transfer from an eligible Discover Bank Account
  • Online transfer from an external bank account
  • Phone Transfers (available for initial funding only)
  • You can also mail a check to the address below. Make sure the check includes your CD Account number and make it payable to you to.

Discover Bank Address:

Discover Bank
PO Box 30417
Salt Lake City, UT 84130

See how these new Discover Bank CD rates compare with other rates below to get the highest rate available.

 
Author: Brian McKay
December 30th, 2018
Posted in: CD Rates