CD Rates | Compare the Best CD Rates at Banks and Credit Unions

The recent collapse of Silicon Valley Bank (SVB) has raised concerns about the potential for similar failures in other banks. The failure of SVB could lead to a run-on other banks, particularly other reginal banks like SVB, as customers and investors may become nervous about the stability of the banking industry. However, it is important to note that not all banks are the same, and there are several factors that could prevent another bank from failing in the same way that SVB did.

One of the key factors that could prevent another bank from failing like SVB is diversification. Unlike SVB, which was heavily reliant on the tech industry, most banks offer a wide range of financial products and services. This diversification provides a buffer against market fluctuations, as banks have other sources of revenue to fall back on when one industry or sector is struggling. Furthermore, banks are required to maintain a certain level of liquidity and capital to ensure that they can withstand any economic shocks.

Another one of SVB’s key mistakes was investing its deposits in long-duration U.S Treasuries, which value plunged in price as interest rates rose. Normally a bank could just hold these Treasuries until maturity and would not have to take a loss, but SVB need to raise cash because depositors were withdrawing deposits, the caused SVB to sell these holdings of about $20 billion and realize a loss of $1.8 billion.

Another factor that could prevent another bank from failing like SVB is regulation. The banking industry is heavily regulated, and banks are required to adhere to strict standards of financial stability and risk management. Regulators closely monitor the activities of banks and can intervene if they detect any signs of instability or risky behavior. Furthermore, banks are required to undergo regular stress tests to determine their ability to withstand economic shocks.

Another key factor that could prevent another bank from failing like SVB is leadership. While SVB’s leadership has been criticized for its aggressive and risky approach, most banks have strong leadership teams that prioritize financial stability and responsible risk management. Banks with strong leadership teams are more likely to make sound financial decisions and avoid the kinds of risky practices that can lead to failure.

While the failure of Silicon Valley Bank has raised concerns about the potential for similar failures in other banks, there are several factors that could prevent another bank from failing in the same way that SVB did. These factors include diversification, regulation, and leadership. It is important for banks to prioritize financial stability and responsible risk management to ensure the long-term health and stability of the banking industry.

Community First Bank (CFG Bank) is offering some very competitive CD rates right now, especially on the bank’s 12-month CD. CFG Bank CD rates on the bank’s 12-month CD account are at 4.75% APY, one of the best 12-month CD rates available right now.

CFG Bank Clients have the ability to select from various CD options to match their investment goals and needs. The bank offers flexible CD terms ranging from 12 months to 5 years and a minimum deposit requirement of $500. Current CD rates from CFG Bank are listed below, as you can see just like the current yield curve with U.S. Treasuries, the longer you go out the lower the interest rate is on the CD.

CFG Bank CD Rates

12-Month CD 4.75% APY
18-Month CD 4.65% APY
36-Month CD 4.51% APY
60-Month CD 4.41% APY

Open a CFG Community Bank CD Account

CFG Bank offers competitive interest rates on its CDs which can change without prior notice. The bank provides the convenience of automatic renewal at maturity, meaning that the CD will automatically renew for the same term at the current interest rate. This is a great option for individuals who prefer to keep their investments in a fixed-term deposit.

Investing in a CD is a secure way for individuals to grow their savings without exposure to the risks associated with other investment options. CFG Bank is insured by the Federal Deposit Insurance Corporation (FDIC), providing depositors with peace of mind when it comes to the security of their funds. Clients have the choice of receiving their interest payments on a monthly, quarterly, semi-annual or at maturity basis, depending on their preference.

By choosing a CD at CFG Bank, Clients can ensure a fixed return on their investment for a set period of time. The bank’s flexible terms and competitive interest rates make it an attractive option for individuals looking to grow their savings. With the assurance of FDIC insurance, depositors can feel confident that their funds are secure.

The bank’s automatic renewal option at maturity is a convenient feature for those who prefer to keep their investments in a fixed-term deposit. The bank’s commitment to providing Clients with a variety of CD options to match their needs and goals makes it an ideal choice for those looking to grow their savings.

In summary, CFG Bank’s Certificates of Deposit offer depositors a secure and convenient way to grow their savings. With flexible terms, competitive interest rates, and automatic renewal options, CFG Bank’s CDs are a great option for those looking to achieve their investment goals. Open an account on CFG Bank’s website: https://www.cfg.bank/personal-banking/personal-deposit-rates.

Capital One’s 11-month certificate of deposit offering a 5.00 percent Annual Percentage Yield (APY) is a limited time offer that customers should take advantage of while they can. The 5.00 percent APY is higher than comparable 12-month CD rates, in fact, this is one of the best CD rates around right now. The fact that this special rate is being offered on a shorter term CD is also noteworthy, as shorter term CDs typically offer lower rates than their longer term counterparts.

This 11-month CD from Capital One is an excellent opportunity for those who want to take advantage of a high interest rate without committing to a longer-term investment. The 5.00 percent APY can help customers grow their savings faster and reach their financial goals sooner. Additionally, this special rate is only available until 3/14/23, so customers who are interested in this CD should act quickly to take advantage of this offer.

It’s worth mentioning that the last time CD rates were this high was back in 2008, just before the financial crisis and Great Recession. This highlights the current strength of the financial market and the confidence that financial institutions have in the economy. With that in mind, this 11-month CD from Capital One is a great option for those who want to invest in a safe and secure financial product that provides a competitive return on investment.

Capital One’s 11-month CD offering a 5.00 percent APY is a limited time offer that should not be missed. The high interest rate, shorter term, and ease of management through Capital One’s online banking platform make it one of the highest CD rates currently available. Customers who are looking to grow their savings should take advantage of this special rate while they can. You can open this special CD account at https://www.capitalone.com/bank/cds/special-cd-rates/

Capital One 360 CD rates are very competitive for an online bank and blow traditional brick and mortar bank CD rates right out the water. The current CD rates offered by Capital One Bank range from 3.30% APY for a 3-month term to 4.40% APY for a 60-month term.

There is no minimum opening deposit when opening a CD with Capital One Bank. The bank also offers the option to withdraw funds before maturity, however, this may result in a penalty.

Capital One CD Rates

9 Months 3.30% APY
12 Months 4.15% APY
18 Months 4.25% APY
24 Months 4.30% APY
30 Months 4.30% APY
36 Months 4.30% APY
48 Months 4.20% APY
60 Months 4.10% APY

A certificate of deposit (CD) is a type of savings account offered by banks and financial institutions, including Capital One Bank. CDs offer a fixed interest rate for a set period of time, known as the term, and are generally considered a low-risk investment option. Capital One Bank offers a range of CD options, each with its own set of rates and terms.

One of the key benefits of a CD is that it offers a fixed interest rate, which means that the rate will not change during the term of the CD. This makes it an attractive option for individuals looking for a stable investment with a guaranteed return. CDs also offer higher interest rates than traditional savings accounts, providing an opportunity for savers to earn more on their deposited funds.

Capital One Bank has a history of over 30 years, it was founded in 1988 as a credit card company and later on expanded to banking and lending services. The bank is known for its innovative products and services, including its 360 Performance Savings account, which offers a high-yield interest rate and no fees.

In addition to CDs, Capital One Bank also offers a range of other financial products and services, such as checking and savings accounts, credit cards, auto loans, and mortgages. The bank also provides a variety of digital tools and resources, including mobile banking and online account management, to help customers manage their accounts and achieve their financial goals.

In conclusion, a CD is a low-risk investment option that offers a fixed interest rate and a guaranteed return. Capital One Bank offers a range of CD options with competitive rates and terms. It’s important to consider the length of the term, the minimum deposit and any penalties associated with early withdrawal before opening a CD account. Additionally, Capital One Bank has a history of over 80 years and offers a range of financial products and services, as well as digital tools and resources to help customers manage their accounts and achieve their financial goals.

Alliant Credit Union is a not-for-profit financial institution that offers a variety of financial products and services to its members. One of the products offered by Alliant Credit Union is a certificate of deposit (CD). A CD is a savings account that allows members to deposit a fixed amount of money for a specific period of time, typically ranging from a few months to several years. In return for committing their money for a set period, members can earn a higher interest rate than they would on a traditional savings account.

Alliant Credit Union currently offers a range of CD options with varying terms and interest rates. The minimum deposit for a CD account is $1,000 and the maximum deposit varies depending on the type of CD account. The interest rate on a CD can be fixed or variable, and the term of the CD can range from 12-months to 5 years.

Current CD Rates from Alliant Credit Union

12-month to 17-month CD 4.60%
18-month CD 4.25%
24-month CD 4.25%
36-month CD 4.60%
48-month CD 4.25%
60-month CD 4.25%

You can compare Alliant CD rates with the best CD rates listed on MonitorBankRates.

One of the most popular CD options offered by Alliant, which also has the highest CD rate is the 12-month term CD. This option has a minimum deposit of $1,000 and an annual percentage yield (APY) of 4.60%. This APY is subject to change and is based on the credit union’s evaluation of market conditions.

Another popular option is the 36-month term CD. This option has a minimum deposit of $1,000 and also has a APY of 4.60%. This APY is also subject to change and is based on the credit union’s evaluation of market conditions.

Alliant also offers a 60-month term CD. This option has a minimum deposit of $1,000 and an APY of 4.25%. This APY is subject to change and is based on the credit union’s evaluation of market conditions.

Alliant also offers a Jumbo CD option which requires a minimum deposit of $95,000 and has a 60-month term. The APY for this option is currently 0.45%.

The Credit Union also offers a special option of the “Add-on” CD, which allows members to make additional deposits to the CD account at any time during the term. This option is available for terms of 12, 24, 36 and 60 months with the same minimum deposit of $1,000 and the same APY as the standard CD option.

Alliant Credit Union’s CD rates are generally competitive with other financial institutions. It is important to note that the rates are subject to change and may fluctuate based on market conditions. Before opening a CD account, members should research and compare the rates and terms of other financial institutions to ensure they are getting the best deal possible.

When opening a CD account with Alliant Credit Union, members should also be aware of the early withdrawal penalties. If a member withdraws money from the CD account before the maturity date, they will be subject to a penalty. The exact amount of the penalty will depend on the term of the CD and the amount of money withdrawn.

In conclusion, Alliant Credit Union offers a variety of CD options with competitive rates and terms. Members should research and compare the rates and terms of other financial institutions before opening a CD account. Additionally, members should be aware of the early withdrawal penalties associated with CD accounts. Overall, CD accounts can be a great way for members to save money and earn a higher interest rate than they would on a traditional savings account.

Chase Bank CD rates on the bank’s 2-year certificate of deposit are currently at 1.95 percent with an 1.97% APY. These 2 year-CD rates at Chase Bank are one of the best CD rates available from a big national bank. In order to earn this high rate, you have to deposit a minimum of $10,000, depositing less than $10k, will get you a paltry rate of 0.02 percent.

Chase Bank 2-Year CD Summary

• CD interest is compounded daily
• Fixed interest rate
• Must have a Chase linked personal checking account
• Penalties may apply to withdrawals made prior to maturity

Chase Bank Best 2-Year CD Rate

Having a 2-year CD rate of 1.95% with an APY of 1.97%, makes Chase Bank 2-Year CD Rates one of the best 2-year rates around. Depending on the CD term, you can have your CD interest paid monthly, quarterly, semi-annually or annually and at maturity.

Capital One CD rates are definitely some of the best CD rates available from any online bank. The current 12-month CD is at 1.75% and the current 18-month CD is at 2.50%. These CD rates from Capital One are well above the national average rates. You can view a complete list of Capital One rates below.

Captial One CD Summary

• 6-Months 0.75% APY
• 9 Month 0.75% APY
• 12 Months 1.75% APY
• 18 Months 2.50% APY
• 24 Months 2.25% APY
• 30 Months 2.25% APY
• 36 Months 2.50% APY
• 48 Months 2.50% APY
• 60 Months 2.90% APY

Capital One Best CD Rates

As you can see from the list of Captial One CD rates above, the highest CD rate is at 2.90% APY for the 5-year CD. The best overall CD rate for the term is the bank’s 6-month CD at 0.75% APY. The reason why that rate is the best is because CD rates are moving higher, don’t lock your funds into a long-term CD right now.

Sallie Mae Bank CD rates are currently at 2.00 percent for the bank’s 12-month certificate of deposit, 2.20 percent for the 15-month CD and 2.40 percent for the 18-month CD. These shorter-term CD rates are very competitive when compared to other online bank CD rates and traditional bank brick and mortar CD rates.

Besides these certificates of deposit, Sallie Mae Bank also offers several other CD terms and CD rates listed below.

Sallie Mae Bank CD Summary

All Rates:

• 6 Month 1.50%
• 9 Month 1.75%
• 12 Month 2.00%
• 13 Month 2.10%
• 15 Month 2.20%
• 18 Month 2.40%
• 24 Month 2.50%
• 30 Month 2.60%
• 36 Month 2.75%
• 60 Month 2.80%

Sallie Bank Bank CD rates are some of the best CD rates currently available and considerably higher than the current national average rates.

Sallie Mae Bank Best CD Rates

As you can see from the CD rates listed above, Sallie Mae Bank’s best CD rate is the 5-year CD with a rate of 2.80 percent.

Conclusion

I would say the best CD rate for the term is the 6-month rate of 1.50 percent. The reason why the 6-month rate is the best CD rate is because rates are moving higher and will continue to move higher in 2022. Don’t lock your money up in a long-term rate right now, wait until rates peak later this year or early into 2023 before locking in your funds in a long-term CD.

LendingClub Bank CD rates are currently the same for all the bank’s certificates of deposit. LendingClub is offering certificates of deposit with terms ranging from 3 months to 5 years, all with a current CD rate of 0.10 percent and a yield of 0.10 percent. The minimum opening balance for CD terms of 3 months, 6 months and 9 months is $1,000, while the minimum for longer term CDs is only $500.

LendingClub CD Summary

• Only 3 minutes to open an account
• FDIC insured up to at least $250,000 per depositor
• CDs are guaranteed for the length of the term
• CDs with terms of 18 months, 1, 2, 3, and 4 years compound and credit interest monthly
• 5 year CDs compound and credit interest quarterly
• They will assess an early withdrawal penalty of 3 months simple interest for CDs with terms of 3 and 6 months. 9 month CDs will be assessed a penalty of 180 days simple interest. All other CDs will be assessed a penalty of 365 days simple interest
• Open a CD account

LendingClub Bank History

You probably heard of Lending Club because they are a Fintech company that provides personal loans. This past year, Lending Club acquired Radis Bank which became LendingClub Bank.

LendingClub CD Account Conclusion

LendingClub offers several certificates of deposit to choose from, all with the same current interest rate. LendingClub is also offering a savings account that has a interest rate six times the current CD rate. The current LendingClub saving rate is at 0.60 percent with a yield of 0.60 percent, the minimum opening deposit is $2,500. In conclusion, it makes more sense to open a savings account with LendingClub then a CD account right now. You get a better interest rate and your money is locked-up in a CD. On the other hand, the savings rate can be changed at anytime and the trend for rates is lower these days. You can view our list of  Current CD rates to get the best rates today.

CIT Bank CD rates are very competitive when compared to other online CD rates. For example, current 12-month CD rates at CIT Bank are at 1.80 percent. Today’s national average 12-month CD rate is considerably lower at 0.48 percent. Want to lock into a longer-term certificate of deposit with a slightly higher rate? 18-month CD rates from CIT Bank are at 1.85 percent. If you’re looking for a shorter-term certificate of deposit 6-month CD rates from CIT Bank are currently at 0.72 percent. The current national average rate is less than half at 0.34 percent.

To get the best deal on a certificate of deposit search for and compare online CD rates with CIT Bank CD Rates.