Third Federal Savings & Loan CD Rates: Best CD Rate at 1.75% APY
Average CD rates at banks have been dismal for several years now. What was the highest CD rates on 1 year certificates of deposit are not even the highest 5 year certificate of deposit rates around.
One of the best CD rates on 5 year certificates of deposit right now is from Third Federal Savings & Loan. Current 5 year bank CD rates at Third Federal Savings & Loan are offered at 1.74 percent with an annual percentage yield of 1.75 percent.
I remember just before the financial crisis 1 year CD internet rates were between 3.50 percent and 5.00 percent. Now most 1 year rates are below 1.00 percent and the highest CD rates on 1 year CDs are just above 1.00 percent.
Third Federal Savings & Loan's 5 year rate of 1.75 percent is almost 40 basis points higher than the current national average 5 year rate of 1.36 percent. The FDIC's national average 5 year CD rate is even lower at 1.06 percent.
Other CD rates at Third Federal are not as competitive as the bank's 5 year rate. Current 6 month rates at Third Federal are at 0.35 percent with an APY of 0.35 percent. On our rate list Discover Bank is offering 6 month rates at 0.75 percent with an APY of 0.75 percent.
You can search for and compare the best certificate of deposit rates from many different banks by searching your rate tables here: Highest CD Rates.
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