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The January jobs report was well above expectations which led some to speculate that it may be a "wake-up call" for the Fed which could cause them to "re-evaluate their policy stance". However, as Bernanke suggested in his January 25th press briefing, the Fed is going to have to see dramatic improvements in the economy for them to pull in their late-2014 commitment to keep rates near zero. So don't expect much change for a while.

If you have been wondering if Bernanke has any understanding of the effects that the Fed is having on savers, you might be interested in Bernanke's testimony on Thursday to the House Committee on the Budget. A Congresswoman asked Bernanke "does a zero interest rate encourage savers to save". Bernanke appeared irritated by this question as he tried to respond. I have the transcripts of this exchange along with a link to the video in this Thursday blog post.

This good economic news this week did push up all Treasury yields. The Fed funds futures also showed higher expectations for a rate hike in 2013. However, the implied probabilities remain low. This will likely continue unless the Fed removes the late-2014 language from its policy statements. The summary of the yields is shown below (Numbers are based on Yahoo bond rate data and the CME Group FedWatch.)

Treasury Yields:

• 6-month: 0.08% up from 0.07% last week
• 2--year: 0.23% up from 0.21% last week
• 5--year: 0.76% up from 0.75% last week
• 10-year: 1.92% up from 1.89% last week
• 30-year: 3.12% up from 3.06% last week

Fed funds futures' implied probability for a higher rate by:

• July 2013: 19.4% up from 12.8% last week
• Sept 2013: 22.1% up from 12.8% last week

There were no bank failures this week so the total for the year remains at 7. One of the banks that failed on the previous Friday (January 27th) was Tennessee Commerce Bank (TCB). The FDIC arranged for Republic Bank to assume all deposits. We learned this week that Republic Bank decided to slash all TCB CD rates to an unbelievably low rate of 0.05%. Fortunately, readers with TCB CDs have reported that they have been able to quickly close their CDs and transfer their money to other banks.

Savings & Checking Account Rates

There were a few rate cuts this week, but it wasn't as bad as I had feared with the new month after the Fed's new late-2014 policy. There was even some good news. Salem Five Direct has started another savings account promotion for new customers. It's guaranteeing 1.00% APY through the August statement cycle (see review).

A 1.00% yield is low, but I'm afraid that's competitive compared to other savings accounts. UFB Direct used to have a rate well above 1.00%. For over 5 months UFB Direct's savings account held at 1.30% APY. Its first cut came on January 19th which dropped the yield to 1.10%. We had another cut this week which brings the yield down to 1.05%. Even with this cut, it remains on the list of only five accounts with yields significantly above 1.00%.

Two of the accounts on this list of 5 are the internet banks of New York Community Bank (AmTrustDirect and MyBankingDirect). Both continue to offer 1.15% APY on their money market accounts. I reviewed AmTrustDirect's Premium e-Money Market Account this week. For most all of 2011, this account remained very competitive.

Reward Checking Accounts

We finally had a rate cut in my short list of nationally available reward checking accounts. First New England Federal Credit Union reduced its reward checking account by about 50 basis points. Its top rate without a relationship status is now 1.52% APY for balances up to $15K. Even before the rate cut, this account was far from the best in terms of rate and balance cap. Fortunately, the top reward checking accounts are holding steady. I reviewed three of the best on Thursday.

I'm afraid the 4.00% club is getting close to extinction. These are local reward checking accounts that pay at least 4% APY on balances of at least $25K. The club is now down to 2 members: Coppermark Bank and Southwest Airlines FCU. Liberty National Bank fell out of the group this week when it reduced its reward checking rate from 4.01% to 3.01% APY.

To find the highest reward checking rates in your area, please refer to our reward checking rate table. This can be used to find accounts available nationwide and accounts with higher rates in your state. If you're new to these tables, my new rate table guide should be useful, and if you're new to reward checking, my blog post, 10 Common Traits of High-Yield Reward Checking, should also be useful.

Rate Hikes:

1. Salem Five Direct Savings promo - 1.00% [was 0.85%]

Rate Cuts:

1. First New England FCU Rewards Checking w/o rel - 1.52% up to $15K [was 2.03%]
2. UFB Direct Savings - 1.05% [was 1.10%]
3. Capital One/Costco InterestPlus Savings - 0.82% [was 0.85%]
4. Capital One InterestPlus Savings - 0.65% [was 0.70%]

Certificate of Deposit Rates

My recap of CD rate changes and the list of CD deals will now be in my survey of the best CD rates. This recap will now focus on banking news of the week and liquid accounts.

Recap for the Week - Links to This Week's Posts Banking News/Resources

• How to Retire Early
• Bernanke Tries to Justify Zero Interest Rate to House Committee
• Beware of CD Alternatives Being Pushed By Banks
• Republic Bank Slashes Rates on Tennessee Commerce Bank CDs
• When Do CD Rates No Longer Matter?

Savings/Checking Accounts - Nationwide

• Review of AmTrustDirect's Premium e-Money Market Account
• Another Salem Five Direct Savings Account Promotion - Available Nationwide

CD Deals/Resources - National

• Survey of the Best CD Rates for February 3, 2012
• Occasional Brokered CD Rate Deals

Checking/Savings/CC Bonuses

• Can New-Account Bonuses at Chase & Other Banks Help in This Rate Environment?

Reward Checking Accounts

• Top 3 Reward Checking Accounts Available Nationwide

CD and Money Market Deals - Local

• Special 13-Month CD at Community Trust Bank in Parts of TX, LA & MS - Local Only
• Top 3-Year CD Rate at Leominster Credit Union in MA - Local Only
• Checking Account Rate Deal at Cardinal Bank in VA, MD & DC - Local Only

Posts from Previous Weeks

• Archive of 2011 Posts

The rates listed below are based on Annual Percentage Yield (APY). No minimum balances are required unless noted. MMA next to the rates indicate a money market account. Most MMAs have check writing and ATM cards. Online savings accounts usually lack both of these. Previous weekly summaries are available at this page.

Rates as of February 4, 2012 Checking/Savings/Money Market Accounts:

• Best Savings Account Rates (Nationwide & by State)
• Best Money Market Rates (Nationwide & by State)
• Best Checking Account Rates (Nationwide & by State)

• How to View Rates for Your State

• Noteworthy Accounts Available Nationwide:

• AmTrustDirect - 1.15% (min $5K) promo rate
• MyBankingDirect - 1.15% (min $5K) promo rate
• Flagstar Bank - 1.15% savings (4-month promo) promo review
• Incredible Bank - 1.10% MMA ($2.5K min) account review
• UFB Direct (Bank of Internet) - 1.05% Savings account review
• Incredible Bank - 1.01% Checking ($1K min) account review
• SFGI Direct - 1.01% account review
• Salem Five Direct - 1.00% savings (guaranteed thru Aug statement cycle)
• Alliant Credit Union - 1.00% (min $100) Savings account review
• Clear Sky Accounts - 0.95% (max $250K) account review
• One United Bank - 0.95% ($100K) 0.85% ($1K) E-Money Market
• airbanking.com - 0.95% Savings
• Alliant Credit Union - 0.95% Checking (req's elec. dep & e-stmts) account review
• Discover Bank - 0.90% Savings (min $500) account review
• Nationwide Bank - 0.90% MMA (min $1K)
• American Express Bank - 0.90%, account review
• ING Direct - 0.90% ($100K) 0.85% ($50K) Electric Orange Checking
• Sallie Mae Bank - 0.90% MMA account review
• Capital One/Costco - 0.90% InterestPlus Savings ($10K min, includes 10% quarterly bonus) 0.82% (w/o bonus) account review
• CNB Bank Direct - 0.85% account review
• Colorado Federal Savings Bank - 0.85% ($2.5K min) account review
• Sallie Mae Bank - 0.85% Savings account review
• Ally Bank - 0.84% MMA/savings account review
• HSBC Advance - 0.80% Savings
• ING Direct - 0.80% Orange Savings
• Capital One - 0.75% Checking (rate guaranteed for 1 yr) account review
• Capital One - 0.71% InterestPlus Savings ($10K min, includes 10% quarterly bonus) 0.65% (w/o bonus) account review

Reward Checking Accounts:

• Best Reward Checking Account Rates for a $10,000 Balance - Nationally Available
• Best Reward Checking Account Rates for a $25,000 Balance - Nationally Available

• How to View Rates for Your State

• Noteworthy Accounts Available Nationwide:

• Consumers Credit Union - 4.09% (up to $10K) 0.56% ($10K-$25K) 0.35% ($25K+)
• INOVA Federal Credit Union - 3.00% (up to $20K) 0.30% ($20K+)
• Bank of Blue Valley - 3.00% (up to $25K) 0.55% ($25K+), $1K/month debit card req (account review)
• Lake Michigan Credit Union - 3.00% (up to $15K) 0.00% ($15K+)
• ABCO Federal Credit Union - 2.52% (up to $25K) 0.50% ($25K+)
• Pacific Resource Credit Union - 2.27% (up to $15K) 0.50% ($15K+)
• Provident Credit Union - 2.26% (up to $25K) 0.31% ($25K+)
• Atlantic Coast Bank - 2.01% (up to $15K) 0.50% ($15K+)
• Community Bank of Raymore - 2.01% (up to $25K) 0.50% ($25K+)
• Community Bank of Pleasant Hill - 2.01% (up to $25K) 0.50% ($25K+)
• Connexus Credit Union - 2.00% (up to $25K) 0.50% ($25K+)
• Heritage Bank - 1.71% (up to $25K) 0.10% ($25K+)
• Avidia Bank - 1.66% (up to $25K) 0.10% ($25K+)
• First New England Federal Credit Union - 1.52% (up to $15K) 0.10% ($15K+) (extra 1% w/relationship)
• State Bank of Toledo - 1.51% (up to $25K) 0.50% ($25K+)
• North Country Savings Bank - 1.50% (up to $50K) 0.75% ($50K+)
• West Texas National Bank - 1.26% (up to $25K) 0.25% ($25K+)
• Bank of Internet USA - 1.25% APY (all balances)

Certificates of Deposit:

• Best CD Rates (Nationwide & by State)
• Best IRA CD Rates (Nationwide & by State)

• How to View Rates for Your State

• Survey of the Best CD Rates for February 3, 2012 (Nationwide & Local)

Various Deposit Account Deals

• Bank Promotions
• Best IRA CD rates, local and nationwide deals
• Latest CD and Savings Account Deals with No Major Deposit Limitiations

Bank Account Alternatives

• Ford Interest Advantage - 1.25% rate for $50k+, Ford Interest Advantage review
• GE Interest Plus - 1.20% rate for $50k+
• Vanguard Prime Money Market Fund - 0.04% 7-day yield
• Vanguard Tax-Exempt Money Market Fund - 0.01% 7-day yield
• Fidelity Money Market Fund - 0.01% 7-day yield (reviews on Fatwallet)
• Fidelity Municipal Money Market Fund - 0.01% 7-day yield
• TIAA-CREF Money Market Fund - 0.00% 7-day yield
• PayPal Money Market Fund has ended effective 7/29/11
• FW Thread on Treasury Bills
• Series I Savings Bonds for November 2011, I Bond Article, I Bonds as CD Alternatives

Historical Rates from the Federal Reserve (Federal funds, Treasury bills, CD's)

At a time when many Americans are wondering not when, but if they will retire, is the notion of retiring early dead? Hardly. Even as late at 45 you could still say a grand goodbye to the 9-5 by 60. Doing so won't be easy, and will be a lot of work, but then of course you'll have eternity to get your groove back. Here's how to buck the trend and at 45 to start position yourself for a 15 year end-date.

Know your numbers. What will you need to retire? How much do you need to save? Assume a conservative rate of return and inflation, which is easy to do with calculators that you can find online. Do a "gap analysis" before pulling the trigger on retirement. Many people retire too early, only to find they need to return to work. A gap analysis can help you determine if there is a gap between your expected retirement income and expenses, says David Potter, a spokesperson for The Hartford.

Take for example, Jim, a 45 year-old who estimates he will have $3,500 in monthly expenses during retirement. If he has $100,000 saved in a conservative, short-term portfolio, yielding around 1.25%, at age 60, he would need approximately $850,000 to support an income stream of $3,500 per month. However, by age 60, investing short-term produced only around $125,000. Even with social security kicking in at 62, he would not be prepared for retirement, explains Mark Davis, senior vice president, retirement solutions with the Wealth Solutions Group.

Then there's Sally, 45, shooting for 60 too, with an estimated $3,500 in monthly expenses during retirement. She already has $500,000 in a portfolio evenly split between equities and bonds. Sally could have $1.1 million by 60, which would be adequate to cover her expenses. Even in poor markets, she could have about $774,00 which comes close to what she needs, says Davis.

Save systematically and keep it saved. Out of sight, out of mind. Understand the power of compounding returns and use "dollar cost averaging" to automatically buy more shares of something when it is priced lower and less when it is priced higher. Max out your 401k and IRAs. Understand the impact of taxes. Take advantage of every opportunity to tax deduct, tax defer and create tax-free retirement such as Roth IRAs.

Seek appropriate asset allocation and diversification. It's important to rebalance, typically twice a year, or as needed, to be sure your asset mix is consistent with returns needed, risk toleranace and your time horizon goal. With 15 years or more to go before you need your retirement savings, it doesn't make sense to have everything invested in fixed income or cash, says financial coach Kelley Long.

Understand the certainty of uncertainty. Plan for contingencies by having the correct amount of money in four areas -- cash reserves, insurance, fixed and equity assets. Having enough cash reserves can help you avoid forced selling of equities at a loss when markets are down because of a job change or income loss, says Peter Velardi, president of the educational website FiPath.com.

Do away with debt. In the best case scenario you should pay off your mortgage prior to retirement. Simply adding to your monthly payment will accelerate the timing of your mortgage burning party says Klea Theoharis, managing director at the investor relations firm Crescendo Communications. Strive to be rid of credit card debt. Spend wisely. If you haven't been a stickler for budgeting, it's time to change, otherwise you can kiss you early retirement dreams goodbye.

Anticipate obstacles. There are any number of risks to your early exit. Consider health care costs. Don't forget about health care coverage and affiliated costs required to bridge you from 60 until you reach Medicare age. Studies put the price tag of health care in retirement in the hundreds of thousands, says JJ Montanaro, a certified planner with USAA. Other threats include unexpected illness or disability; early job loss; inflation: rates higher than 2-4% could prove problematic; extraordinary low fixed-income yields that penalize savers; rising tax rates as governments attempt to close fiscal deficits, and stagnant real estate prices are just a few, points out Albert Lu, managing director of WB Advisors.

Life begins at retirement. Don't you want it sooner, rather than later?

Honda’s thoughtful redesign of the best-selling CR-V has produced a solid, well-made crossover at a reasonable price, says Ron Amadon.

The weekly highlights cover a broad range from Amazon to Facebook and from politics to payrolls.

After the Fed's new late-2014 pledge, I was worried the new month was going to bring a surge of rate cuts. A few banks and credit unions did cut their CD rates, but there weren't as many as I had feared. In fact, PenFed actually raised one of its CD rates. Its 7-year CD yield increased from 2.75% to 2.76% APY. In today's world, a one basis point increase is good news. One thing nice about PenFed is that it typically keeps its rates unchanged for the month. So if you're wanting to purchase a long-term CD, you should have plenty of time at PenFed. However, don't forget that PenFed's 5-year and 7-year CDs have an early withdrawal penalty of up to 1 year of interest (see my PenFed CD review).

A few credit unions did cut rates in February. One disappointment was Melrose Credit Union. Its 5-year CD had a large rate cut falling from 2.68% to 2.27% APY. The 4-year CD rate fell by 10 basis points to 2.07%, and the shorter terms fell by 5 basis points. Even with these cuts, the rates remain competitive. However, since its early withdrawal penalty is so harsh (see review), CDs at other credit unions are better deals.

Credit unions weren't the only ones to cut rates. US Bank reduced its special 59-month CD rate from 2.15% to 2.00% APY.

Local CD Deals

We lost another 3.00% CD this week. NavyArmy Federal Credit Union in Corpus Christi Texas reduced its 30-month CD rate from 3.00% to 2.25% APY. The 3.00% club now includes only 3 institutions with a 3.03% APY 5-year Jumbo CD in El Paso Texas, a 3.35% APY 10-year Jumbo CD in San Antonio Texas and a 3.03% APY 6-year CD in Nebraska.

I added two local deals this week. The first addition was a 2.00% APY 3-year CD at Leominster Credit Union which is available in several counties of MA. The second was a 13-month CD special with a rate up to 1.65% APY at Community Trust Bank which has branches in Dallas/Fort Worth Texas and in several cities of Louisiana and Mississippi.

Long-Term CD Break Strategy

For the short-term CDs in my lists, you might notice CDs with the note "5-year CD closed after X years". These take into account the yield after the early withdrawal penalty is applied. Since Ally Bank's 5-year CD only has a 60-day interest penalty, it's still a good deal when closed early even with the recent rate cuts.

The risks of planning for early withdrawals of long-term CDs was recently highlighted by another credit union which raised the early withdrawal penalty on existing CDs. The credit union is CEFCU which is based in Illinois. I have more details in this blog post. CEFCU is now the second credit union which has raised the early withdrawal penalty on existing CDs. Last year Fort Knox FCU did the same thing (see my blog post).

Note About the CD Survey

As I described in my rate table overview, you can use our CD rate tables to find the best rates for both nationally available CDs and local CDs. This CD survey blog posts are intended to highlight nationwide CD deals that may not be apparent in the tables. For example, I'll include the post-penalty yields of a few long-term CDs.

The CD survey blog posts are also intended to highlight the local CD deals that are available in large metro areas. There are many high CD rates, but most of these are at small banks in rural areas or at small credit unions with very narrow fields of membership. In these local CD surveys, my focus is on local CD deals that are in big cities or that are available in large areas of a state.

Yields Accurate as of February 3, 2012

Under 1-Year CD Rates

• Ally Bank - 1.19% (1.79% 5-year CD closed after 6 months, see review & risks)
• KeySource Commercial Bank - 1.00% 7-month CD special, see account review
Ally Bank - 0.91% 11-month No-Penalty CD, see account review
• AloStar Bank of Commerce - 0.85% 6-month CD

• Noteworthy Local Deals

• University of Iowa Community Credit Union - 1.45% ($250K) 1.35% ($100K) 1.25% ($1K) 10-month CD (several parts of Iowa)
• Miami Postal Service Credit Union - 1.26% ($25K) 9-month CD (Southeast FL)
• Veridian Credit Union - 1.11% ($100K) 0.90% ($1K) 7-month CD (several parts of Iowa)
• First Choice Bank - 1.05% ($50K) 1.00% ($2.5K) 288-day CD (Los Angeles & Orange County, CA)
• American Plus Bank - 0.95% 6-month CD (Los Angeles metro)
• CapitalSource Bank - 0.90% 5-month CD (California)
• Industrial Credit Union - 0.90% 6-month CD (Boston metro area)

1-Year CD Rates

• Ally Bank - 1.49% (1.79% 5-year CD closed after 1 year, see review & risks)
• Digital Credit Union - 1.17% (2.35% 5-year CD closed after 1 year, see risks)
• Pentagon Federal Credit Union - 1.16% 1-year CD
• KeySource Commercial Bank - 1.15% 1-year CD, see account review
• Doral Bank Direct - 1.15% 1-year CD
• CIT Bank - 1.08% ($25K min) add-on & bump-up 1-year CD

• Noteworthy Local Deals

• Community Trust Bank - 1.65% (w/dd) 1.40% (w/chk) 1.15% 13-month CD, review (parts of TX, LA & MS)
• NavyArmy Federal Credit Union - 1.45% ($100K) 1.35% ($1K) 12-month CD (Corpus Christi, TX metro)
• General Electric Credit Union - 1.42% ($100K) 1-year CD (Cincinnati OH metro)
• University of Iowa Community Credit Union - 1.35% ($250K) 1.25% ($100K) 1.15% ($1K) 13-month CD (several parts of Iowa)
• El Paso Area Teachers FCU - 1.31% ($50K) 1.21% ($500) 1-year CD (El Paso, TX)
• First American Credit Union - 1.26% ($50K) 1-year CD (south of Phoenix, AZ)
• LOMTO Federal Credit Union - 1.20% 1-year CD (parts of New York City)
• Our Community Credit Union - 1.20% 1-year CD (Washington State)
• Harris County Credit Union - 1.16% ($95K) 1-year CD (Houston)
• American Plus Bank - 1.16% 1-year CD (Los Angeles metro)
• First Choice Bank - 1.15% ($50K) 1.10% ($2.5K) 366-day CD (Los Angeles & Orange County, CA)

18-month CD Rates

• Ally Bank - 1.59% (1.79% 5-year CD closed after 18 months, see review & risks)
• Digital Credit Union - 1.56% (2.35% 5-year CD closed after 18 months, see risks)
• KeySource Commercial Bank - 1.20% 18-month CD, see account review
• Incredible Bank - 1.20% 19-month CD
• Alliant Credit Union - 1.15% ($1K min) 18-month CD

• Noteworthy Local Deals

• Cross River Bank - 1.50% 18-month CD (NJ in NYC metro area)
• El Paso Area Teachers FCU - 1.46% ($50K) 1.36% ($500) 18-month CD (El Paso, TX)
• Veridian Credit Union - 1.45% ($100K) 1.25% ($1K) 15-month CD (several parts of Iowa)
• Department of Commerce FCU - 1.45% 18-month CD (Washington DC)
• First Choice Bank - 1.30% ($50K) 1.25% ($2.5K) 541-day CD (Los Angeles & Orange County, CA)

2-Year CD Rates

• Digital Credit Union - 1.76% (2.35% 5-year CD closed after 2 years, see risks)
• Ally Bank - 1.64% (1.79% 5-year CD closed after 2 years, see review & risks)
• Melrose Credit Union - 1.36% 2-year CD
• Alliant Credit Union - 1.30% ($1K min) 2-year CD
• American Express Bank - 1.30% 2-year CD
• CIT Bank - 1.26% ($25K min) add-on & bump-up 2-year CD

• Noteworthy Local Deals

• NavyArmy Federal Credit Union - 1.85% ($100K) 1.75% ($1K) 2-year CD (Corpus Christi, TX metro)
• University of Iowa Community Credit Union - 1.85% ($250K) 1.75% ($100K) 1.65% ($1K) 22-month CD special (several parts of Iowa)
• Veridian Credit Union - 1.80% ($100K) 1.60% ($1K) 25-month CD (several parts of Iowa)
• Department of Commerce FCU - 1.65% 2-year CD (Washington DC)
• mBank - 1.60% 2-year CD (parts of Michigan)
• Harris County Credit Union - 1.51% ($95K) 1.21% ($2.5K) 2-year CD (Houston)
• Our Community Credit Union - 1.50% 2-year CD (Washington State)
• Cross River Bank - 1.50% 2-year CD (NJ in NYC metro area)
• LOMTO Federal Credit Union - 1.50% 2-year CD (parts of New York City)
• Wings Financial Credit Union - 1.41% 2-year CD (Seattle & Minneapolis Metro areas)

3-Year CD Rates

• Digital Credit Union - 1.95% (2.35% 5-year CD closed after 3 years, see risks)
• Fort Knox Federal Credit Union - 1.90% 3-year CD
• Melrose Credit Union - 1.86% 3-year CD
• Ally Bank - 1.69% (1.79% 5-year CD closed after 3 years, see review & risks)
• AmTrustDirect - 1.55% 3-year CD

• Noteworthy Local Deals

• El Paso Area Teachers FCU - 2.37% ($50K) 2.27% ($500) 36 & 30-month CD (El Paso, TX)
• NavyArmy Federal Credit Union - 2.25% 30-month CD (Corpus Christi, TX metro)
• University of Iowa Community Credit Union - 2.20% ($250K) 2.10% ($100K) 2.00% ($1K) 37-month CD (several parts of Iowa)
• Veridian Credit Union - 2.10% ($100K) 1.90% ($1K) 39-month CD (several parts of Iowa)
• Department of Commerce FCU - 2.05% 3-year CD (Washington DC)
• Leominster Credit Union - 2.00% 3-year CD (parts of MA)
• Our Community Credit Union - 2.00% 3-year CD (Washington State)
• Cross River Bank - 2.00% 3-year CD (NJ in NYC metro area)
• Institution for Savings - 2.00% 3-year CD (northeast MA)
• SPCO Credit Union - 1.97% ($50K) 1.76% ($1K) 3-year CD (Houston, TX)
• Wings Financial Credit Union - 1.86% 3-year CD (Seattle & Minneapolis Metro areas)
• LOMTO Federal Credit Union - 1.85% 3-year CD (parts of New York City)
• EBSB Direct - 1.80% 3-year internet CD (New England & New York State)
• First American Credit Union - 1.76% ($50K) 3-year CD (south of Phoenix, AZ)
• mBank - 1.75% 3-year CD (parts of Michigan)
• Florida Credit Union - 1.61% 3-year CD special (North Central FL)
• First Choice Bank - 1.60% ($50K) 1.55% ($2.5K) 3-year CD (Los Angeles & Orange County, CA)

4-Year CD Rates

• Fort Knox Federal Credit Union - 2.20% 4-year CD
• Digital Credit Union - 2.10% ($25K min w/relationship) 1.85% (no relationship) 4-year CD
• Melrose Credit Union - 2.07% 4-year CD
• Digital Credit Union - 2.05% (2.35% 5-year CD closed after 4 years, see risks)
• Andrews Federal Credit Union - 2.05% 4-year CD
• Nationwide Bank - 1.75% ($100K) 1.70% ($500) 4-year CD

• Noteworthy Local Deals

• Department of Commerce FCU - 2.50% 4-year CD (Washington DC)
• Liberty Savings Federal Credit Union - 2.40% 4-year CD (Northern NJ)
• University of Iowa Community Credit Union - 2.35% ($250K) 2.25% ($100K) 2.15% ($1K) 49-month CD (several parts of Iowa)
• SPCO Credit Union - 2.32% ($50K) 2.02% ($1K) 4-year CD (Houston, TX)
• First General Credit Union - 2.25% 4-year CD (Grand Rapids, MI metro)
• Cross River Bank - 2.25% 4-year CD (NJ in NYC metro area)
• mBank - 2.25% 4-year CD (parts of Michigan)
• Our Community Credit Union - 2.15% 4-year CD (Washington State)
• LOMTO Federal Credit Union - 2.15% 4-year CD (parts of New York City)
• Wings Financial Credit Union - 2.02% 4-year CD (Seattle & Minneapolis Metro areas)
• Alaska USA Federal Credit Union - 2.01% ($100K) 1.91% ($10K) 4-year CD (San Bernardino County, CA; parts of WA & AK)

5-Year CD Rates

• Digital Credit Union - 2.60% ($25K min w/relationship) 2.35% (no relationship) 5-year CD
• Andrews Federal Credit Union - 2.30% 5-year CD
• Melrose Credit Union - 2.27% 5-year CD
• US Bank - 2.00% 59-month CD

• Noteworthy Local Deals

• El Paso Area Teachers FCU - 3.03% ($50K) 2.93% ($500) 5-year CD (El Paso, TX)
• Department of Commerce FCU - 2.80% 5-year CD (Washington DC)
• Liberty Savings Federal Credit Union - 2.80% 5-year CD (Northern NJ)
• SPCO Credit Union - 2.77% ($50K) 2.48% ($1K) 5-year CD (Houston, TX)
• General Electric Credit Union - 2.63% 5-year CD (Cincinnati OH metro)
• LOMTO Federal Credit Union - 2.55% 5-year CD (parts of New York City)
• First American Credit Union - 2.52% ($50K) 5-year CD (south of Phoenix, AZ)
• Institution for Savings - 2.50% 5-year CD (northeast MA)
• First General Credit Union - 2.50% 5-year CD (Grand Rapids, MI metro)
• Alaska USA Federal Credit Union - 2.35% ($100K) 2.25% ($10K) 5-year CD (San Bernardino County, CA; parts of WA & AK)
• Wings Financial Credit Union - 2.32% 5-year CD (Seattle & Minneapolis Metro areas)
• Washington Federal - 2.30% ($90K) 2.25% ($1K) 5-year CD (WA, AZ, ID, NV, OR, TX, UT & NM)
• Randolph-Brooks Federal Credit Union - 2.27% ($75K) 2.22% ($20K) 5-year CD (San Antonio & Austin, TX)
• Freedom Credit Union - 2.25% add-on 5-year CD (Philadelphia)
• Peoples Alliance Credit Union - 2.11% 5-year CD (South Florida)
• First Choice Bank - 2.05% ($50K) 2.00% ($2.5K) 5-year CD (Los Angeles & Orange County, CA)
• BBVA Compass - 2.00% 5-year CD (parts of AL, AZ, CA, CO, FL, NM & TX)

Over 5-Year CD Rates

• Navy Federal Credit Union - 2.80% ($20K) 7-year CD (membership restrictions)
• Pentagon Federal Credit Union - 2.76% 7-year CD
• Apple Federal Credit Union - 2.70% 10-year CD
• INOVA Federal Credit Union - 2.50% 6-year CD (2.40% step-up)
• Discover Bank - 2.45% 10-year CD (2.50% AAA members)

• Noteworthy Local Deals

• SACU - 3.35% ($90K) 3.30% ($10K) 10-year CD (San Antonio, TX)
• Tecumseh Federal Bank - 3.03% 6-year & 8-year CD (Nebraska)
• Security Service Federal Credit Union - 2.85% ($100K) 2.70% ($500) 7-year CD (parts of Texas, lower rates in CO)
• SACU - 2.85% ($100K) 2.80% ($10K) 7-year (San Antonio, TX)
• Liberty Savings Federal Credit Union - 2.85% 6-year CD (Northern NJ)
• Department of Commerce FCU - 2.80% 7-year CD (Washington DC)
• Randolph-Brooks Federal Credit Union - 2.78% ($75K) 2.73% ($20K) 7-year CD (San Antonio & Austin, TX)
• Air Force FCU - 2.75% ($100K) 2.70% ($2.5K) 7-year CD (limited membership)
• 1st Commonwealth Bank of Virginia - 2.60% 7-year CD (DC Metro)
• Teachers Credit Union - 2.50% 71-month CD (parts of Indiana)
• Gateway Metro Federal Credit Union - 2.45% 6-year CD (St. Louis metro)
• 1st Commonwealth Bank of Virginia - 2.40% 6-year CD (DC Metro)
• Randolph-Brooks Federal Credit Union - 2.38% ($75K) 2.32% ($20K) 6-year CD (San Antonio & Austin, TX)
• Royal Bank America - 2.25% 10-year CD (Philadelphia)

Note: All rates listed above are Annual Percentage Yields (APY) which factor in compounding.

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