CD Rates for February 2015

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Highest Yielding Certificate of Deposit or CD Accounts:

Click "See all rates" to see a full list that can pay higher rates with larger amounts.

"Highest CD Rates Survey by Term"
(for a $10,000 Certificate of Deposit)
Survey Date 2/8/15

Term	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Vanguard Daily	0.01%	Vanguard Prime Money Market Fund
Vanguard Tax Exempt	0.01%	Vanguard Tax Exempt Money Market Fund
FDIC Daily Savings	1.00%	Best Savings Account Rate Survey
6 Month CD	0.82%	Doral Bank
6 Mo US Treasury	0.07%	US Treasury Rates
US Treasury Series I Bonds For the next 6 months	1.48%	Rate is fixed for 6 months after purchase Current iBond Rates & I- Bonds Explained
1 Year CD	1.30%	Connexus Credit Union
1 Yr US Treasury	0.26%	US Treasury Rates
2 Year CD	1.31%	Melrose Credit Union
3 Year CD	1.56%	Melrose Credit Union
5 Year CD	2.27%	Melrose Credit Union & xx% Synchrony Bank
5 Yr US Treasury	1.48%	US Treasury Rate Quote
7 Year CD	2.20%	Discover Bank & 1.76% @ PenFed CU
10 Year CD	2.30%	Discover Bank
10 Yr US Treasury	1.95%	US Treasury Rates
30 Yr US Treasury	2.51%	US Treasury Rate Quote

Vanguard Money Market & US Treasury Rates shown for Reference  

• Current Best CD Rate Survey
  and
• 10 Year CD Rates - APYs For Ten Year Certificates of Deposit 

Survey Survey Best CD Rates

The top CD annal percentage yield (APY) this week is at Discover Bank for a 10-year certificate of deposit currently paying 3.00%.

With the 10-year US Treasury paying 3.36%, there is little incentive to lock up money for 10 years at banks.   For shorter periods, like one to five years, you do better with bank CDs.  For example, the Pacific Mercantile Bank currently pays 1.26% for their 1-yr CDs while the 1-YR US Treasury only pays a minute 0.20%.

With rates so low, banks will try to sell you their annuity products. Make sure you read my article: Beware of Annuities. 

The table below shows the best CD rates for other terms. If that table is hard to read, then try Very Best CD Rates.
 
"Highest CD Rate Survey + Current US Treasury Rates"

Term	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Vanguard Daily	0.07%	Vanguard Prime Money Market Fund
Vanguard Tax Exempt	0.13%	Vanguard Tax Exempt Money Market Fund
FDIC Daily Savings	1.25%	Best Savings Account Rate Survey
6 Month CD	1.07%	Ascencia Internet Bank
1 Year CD	1.26%	Pacific Mercantile Bank
1 Yr US Treasury	0.20%	US Treasury Rate Quote
18 - Month CD	1.41%	Pacific Mercantile Bank
2 Year CD	1.66%	Melrose CU & 1.55% @ MetLife Bank
3 Year CD	2.17%	Melrose CU
4 Year CD	2.42%	Melrose CU & 2.35% @ Tennessee Commerce Bank
5 Year CD	2.93%	Melrose CU & 2.65% @ Tennessee Commerce Bank
5 Yr US Treasury	2.07%	US Treasury Rate Quote
7 Year CD	2.75%	PenFed CU
10 Year CD	3.00%	Discover Bank
10 Yr US Treasury	3.36%	US Treasury Rate Quote

Vanguard Money Market & US Treasury Rates shown for Reference  

With rates so low, banks will try to sell you their annuity products. Make sure you read my article: Beware of Annuities

Historical CD Rates: 
Click charts to see full size images

1-Month CD Daily Chart

6-Month CD Daily Chart

Related information:

• US Treasury Rates at a Glance
  
• World Stock Markets at a Glance

Best Savings Account Rates

Best CD Rates - Top CD Rate Survey by Term

Highest CD Rates - CD Rate Survey by Term

The top rate for a certificate of deposit (CD) this week is at Pentagon Federal Credit Union (fondly known as PenFed CU) where you can get a 7-year certificate that currently pays 3.75% APY.

For shorter terms, Sallie Mae Bank has a 1-year CD with a 1.55% annual percentage rate.  The one year US Treasury only pays 0.25%! 

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities

The table below shows the best CD rates for other terms.

For Larger Text: If that table is hard to read, then try Very Best CD Rates.

Highest CD Rates Survey as of August 3, 2010

Term	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Vanguard Daily	0.12%	Vanguard Prime Money Market Fund
Vanguard Tax Exempt	0.14%	Vanguard Tax Exempt Money Market Fund
FDIC Daily Savings	1.40%	Best Savings Account Rate Survey
6 Month CD	1.25%	Flagstar Bank
1 Year CD	1.55%	Sallie Mae Bank & 1.50%@ Discover Bank
1 Yr US Treasury	0.25%	US Treasury Rate Quote
18 - Month CD	1.70%	newDominionDIRECT
2 Year CD	2.00%	newDominionDIRECT & 1.94% Bank of Internet
3 Year CD	2.40%	newDominionDIRECT
4 Year CD	2.60%	newDominionDIRECT
5 Year CD	3.05%	Astoria Federal Savings Bank
5 Yr US Treasury	1.55%	US Treasury Rate Quote
7 Year CD	3.75%	Pentagon Federal CU aka PenFed
10 Year CD	3.50%	Discover Bank
10 Yr US Treasury	2.91%	US Treasury Rate Quote

Vanguard Money Market Rates shown for Reference

• Easy to Read Best CD Rate Survey

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities.The one year US Treasury rate is currently 0.28%.

• Quotes: US Treasury Rate Quotes
• Graphs: US Treasury Rates at a Glance

Best CD Rate Survey

The top CD annal percentage yield (APY) this week is at Pentagon Federal Credit Union for a 7-year certificate of deposit currently paying 3.51%.   From my survey of six months ago, this same certificate was paying 4.5%! 

The table below shows the best CD rates for other terms. If that table is hard to read, then try Very Best CD Rates.
"Highest CD Rate Survey + Current US Treasury Rates"

Term	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Vanguard Daily	0.09%	Vanguard Prime Money Market Fund
Vanguard Tax Exempt	0.11%	Vanguard Tax Exempt Money Market Fund
FDIC Daily Savings	1.40%	Best Savings Account Rate Survey
6 Month CD	1.23%	Aurora Bank
1 Year CD	1.55%	Sallie Mae Bank & 1.50%@ Discover Bank
1 Yr US Treasury	0.29%	US Treasury Rate Quote
18 - Month CD	1.71%	Aurora Bank
2 Year CD	2.00%	Stonebridge Bank & Bank of Internet USA
3 Year CD	2.50%	newDominionDIRECT
4 Year CD	2.92%	Bank of Internet USA
5 Year CD	3.06%	Astoria Federal Savings Bank
5 Yr US Treasury	1.83%	US Treasury Rate Quote
7 Year CD	3.51%	Pentagon Federal CU aka PenFed
10 Year CD	3.50%	Discover Bank
10 Yr US Treasury	3.04%	US Treasury Rate Quote

Vanguard Money Market Rates shown for Reference  

With rates so low, banks will try to sell you their annuity products. Make sure you read my article: Beware of Annuities

Historical CD Rates: 
Click charts to see full size images

1-Month CD Daily Chart

6-Month CD Daily Chart

Related information:

• US Treasury Rates at a Glance
  
• World Stock Markets at a Glance

Best CD Rates With FDIC Insurance - Survey of Highest APY rates

The best CD rate 1 year or less is 1.55% at Aurora Bank.

You can often get higher than advertised rates at your local branch if you do your homework. Print out the "Highest CD Rate Survey" and bring it in with you. Also print out some of the advertisements showing rates advertised on your bank's competing web sites so you have proof. (Make sure the date shows on your printout so they know it is current.) Bring in the survey and ask them to beat or at least meet the best advertised rate. They often will do this to keep your business or to keep you walking out the door.

The highest CD rate of any term is 3.60% at Discover Bank for a term of 10 years.

Here is the table with more rates and terms:

Highest CD Rates Survey
UST = US Treasury Bond

Term	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
6 Month CD	1.28%	Aurora Bank
1 Year CD	1.55%	Nova Bank & Aurora Bank
1 Yr UST	0.43%	US Treasury Rate Quote
18-Mo CD	1.79%	Aurora Bank
2 Year CD	2.05%	TriState Capital Direct
3 Year CD	2.50%	PenFed CU & TriState Capital Direct
4 Year CD	2.92%	Bank of Internet USA
5 Year CD	3.30%	EverBank
5 Yr UST	2.59%	US Treasury Rate Quote
7 Year CD	3.51%	Pentagon Federal CU
10 Yr CD	3.60%	Discover Bank
10 Yr UST	3.86%	US Treasury Rate Quote

If the above text is too small to read, then read it "HERE in a larger font."

Be careful when you go to your bank and ask for their best rate. They will often use that as an excuse to sell you an annuity that sounds good on the surface, but is far more profitable for them due to the higher fees.

Make sure you read the Article: Beware of Annuities