Posted by: Brodie Jerrems in
Bank Rates on July 26th, 2011
Citi just might be the worst of the big banks when it comes to pathetic CD rates.
And that’s saying a lot when you consider most “deals” at these banks barely eke by average.
In Citibank’s case, average is just too much to hope for.
Nothing has improved at this big bank with more than 1,000 branches since I last posted about it at the end of May.
The 60-month CD remains Citi’s top offering. But now it’s below average for every state I checked.
(Citi’s CD rates differ by state or region; you can select your state for your specific rates at www.citibank.com.)
Since March, Californians’ 60-month CD rate has dropped from 2.00% APY to 1.50% APY.
That’s the same rate savers in Florida, Illinois and Texas are earning. Sunshine State sa
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Posted by: Brodie Jerrems in
Bank Rates on July 24th, 2011
Last week, we looked at banks and credit unions that have resisted cutting their 36-month CD rates.
This week, we turn our attention to local institutions (including one that offers its deal nationally) that have held the line on 60-month CD rates.
These three credit unions and one bank, which all top the best nationally available offer on our CD Rates Leaderboard, have maintained their 5-year CD rates since we highlighted their deals earlier this year:
Police and Fire Federal Credit Union is paying 3.00% APY with a $500 minimum deposit. The deal is open to all active and retired Philadelphia police officers and firefighters, their immediate families, and everyone who works for or belongs to hundreds of affiliated businesses, labor unions and civic groups.
Connexus Credit Union is paying 3.00% with a $10,000 minimum deposit.
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Posted by: Brodie Jerrems in
Bank Rates on July 19th, 2011
The Garden State has been abloom with sweet CD rates, this time for 24- and 60-month terms at The Bank of Princeton.
With a $500 minimum deposit, the New Jersey bank is paying 1.75% APY for 24-month CDs and 2.75% APY for 60-month CDs.
Both easily beat the top nationally available CD rates for their terms on our CD Rates Leaderboard — the 24-month CD rates by a quarter percent.
The bank is also offering 2.00% APY for 36-month CDs, which ties the top rate for that term.
You don’t have to be a New Jersey resident to buy these certificates of deposit, but you do need to visit a branch of The Bank of Princeton (www.thebankofprinceton.com) in person.
There are six branches, in Hamilton, Monroe Township, Pennington and Princeton.
And don’t forget the other good New Jersey deals we’ve found recently at:
- Parke Bank, which is offering top 13- and 24-month CD rates.
- Northern State Bank, which is offering top 24- and 36-month CD rates.
See how these returns compare with the best CD rates from scores of banks in our extensive database.
Posted by: Brodie Jerrems in
Bank Rates on July 17th, 2011
You can find 24-month CD rates that are better than the best nationally available deal at Habib American Bank’s two Los Angeles branches.
The institution, owned by Pakistan’s largest bank – Habib Bank Limited – is paying 1.60% APY with a $1,500 minimum deposit.
That’s a tenth of a percentage point better than the best 2-year CDs on our CD Rates Leaderboard.
You must buy these certificates of deposit in person at one of the bank’s two California branches in L.A. or Artesia.
Habib American Bank (www.habibamericanbank.com) also has two New York City branches – in Manhattan and Queens – a branch in Hicksville, N.Y. and a branch in
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Posted by: Brodie Jerrems in
Bank Rates on July 16th, 2011
Central Massachusetts savers should check out Clinton Savings Bank’s 51-month CD rates.
It’s paying 2.51% APY with a $500 minimum deposit.
That’s a pretty good deal when compared with some of the standard terms we track.
The top nationally available CD rate for 36-month CDs on our CD Rates Leaderboard is 2.00% APY; for 60-month CDs, 2.60% APY.
To buy these certificates of deposit, you must live in Clinton Savings Bank’s central Massachusetts “footprint.” The bank serves the communities of Berlin, Bolton, Boylston, Clinton, Sterling and West Boylston.
You can buy CDs at one of Clinton Savings Bank’s six branches, or online (www.clintonsavings.com).
See how these returns compare with the best CD rates from scores of banks in our extensive database.
Posted by: Brodie Jerrems in
Bank Rates on July 12th, 2011
Head to Houston for top CD rates at Chasewood Bank.
With a $1,000 minimum deposit, it’s paying:
- 1.16% APY for 3-month CDs.
- 1.21% APY for 6-month CDs.
- 1.41% APY for 12- to 18-month CDs.
- 1.76% APY for 24-month CDs.
Each beats the best nationally available CD rates for their corresponding terms on our CD Rates Leaderboard.
You don’t need to be a resident of Texas to buy these certificates of deposit, but you do need to visit a branch of Chasewood Bank (www.chasewoodbank.com) in person.
There are two, in Houston and suburban Spring.
See how these returns compare with the best CD rates from scores of banks in our extensive database.
Posted by: Brodie Jerrems in
Bank Rates on July 5th, 2011
Quaint Oak Bank shook up the CD Rates Leaderboard today.
The small suburban Philadelphia bank cut its return on 36-month CDs from 2.10% APY to 2.00% APY and is now tied with Danversbank and NOVA Bank for the best nationally available deal.
Quaint Oak also lowered its 60-month CD rate from 2.85% APY to 2.75% APY, allowing Sovereign Bank to regain the lead for 5-year certificates of deposit with a return of 2.80% APY.
So find all of the top national deals on the Leaderboard right now and then come back later this afternoon. We’re working on a post about three even better offers available to savers in the Los Angeles area.
Posted by: Brodie Jerrems in
Bank Rates on June 26th, 2011
The best nationally available 24-month CD rates will set you back a cool $25,000.
But by sacrificing just five one hundredths of a percentage point, you can get a 2-year CD that yields 1.50% APY for just $1,000.
That’s quite a difference in minimum deposits.
And you’ll still earn more than twice the national average offered by large banks and thrifts.
This was an especially good week for my favorite banks in the 24-month term.
MetLife Bank (metlifebank.com) tops our CD Rates Leaderboard with the 1.55% APY it has offered for months. It requires the above-mentioned $25,000 minimum deposit, which is a bit hefty.
Still, I respect this bank for not dropping its CD rates to the basement like so many other banks have in this term.
I won’t mention any names.
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Posted by: Brodie Jerrems in
Bank Rates on May 20th, 2011
There’s been little excitement in 36-month CD rates since Quaint Oak Bank popped in and out of the top spot more than a month ago.
The current 36-month leader on our CD Rates Leaderboard?
Who else, but Melrose Credit Union.
The New York City-based credit union is back on top with its ever-steady 2.17% APY with a $5,000 minimum deposit. (Quaint Oak now offers 1.80% APY with a $500 minimum deposit, four-tenths of a percentage of a point less than its final leader rate.)
Tennessee Commerce Bank has been just behind Melrose since March 2. The bank, which has a single location in Franklin, Tenn., continues to pay 2.15% APY with a $2,500 minimum deposit. <
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