iGObanking 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.

Popular 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.

Bangor 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.

State 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.

CD 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.

Mercantil 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.

The 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.

Discover 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.

KS StateBank CD rates on jumbo certificates of deposit were recently decreased. 2 year jumbo CD rates at KS StateBank were lowered from 3.10 percent to 2.95 percent. 3 year CD rates from KS StateBank are now at 3.10 percent, down from 3.25 percent. 4 year CD rates from KS StateBank are at 3.20 percent, a decrease from 3.40 percent. 5 year CD rates at KS StateBank are at 3.35 percent, down from 3.51 percent. See how KS StateBank jumbo CD rates compare with other CD rates to get the best rate today.

Home Savings Bank CD rates are competitive right now and some rates are in the top 5 CD rates available. Current 60 month CD rates at Home Savings Bank are at 3.25 percent with an APY of 3.30 percent. 36 month CD rates from Home Savings Bank are at 2.96 percent with an APY of 3.00 percent. 12 month CD rates from Home Savings Bank are at 2.47 percent with an APY of 2.50 percent. See how other bank CD rates compare with Home Savings Bank CD rates to get the best rate today.