CD Rates for January 2015

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.

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

Best CD Rates - Survey of Largest US Banks

This table, updated yesterday, shows the best CD rates for the five largest banks operating in the United States. These banks are Bank of America, JP Morgan Chase, Citibank, Wells Fargo Bank, and HSBC Bank North America.

CD rates (APY) at the largest US banks (Current Data) for a $10,000 deposit.

Bank	CD Rates - APY in % as of 12/08/09 for $10,001
	6- Mo	12 Mo	18-Mo	2-Yrs	3-Yrs	5-Yrs
Bank of America (BAC)	0.40	1.00 promo	0.95	1.50	1.86	2.51
JP Morgan Chase (JPM)	0.50 7-mo	1.01 13-mo		1.50	2.00	3.00
Citibank (C)	0.50	1.00	1.09	1.39	1.49	2.23
Wells Fargo Bank (WFC)	0.40	0.40	1.40 21 Mo	1.40 25 Mo	NA	NA
HSBC Bank North America - Branch & Telephone Rates	0.25	0.55	0.55 15-mo	0.75	0.75	1.01
HSBC Online Rates	0.50	1.25	1.25 15-mo	1.10	NA	NA
US Treasury Rates	0.14	0.25	NA	0.72	1.23	2.10

To see the table in full size with the current rates, click the

• Best CD Rate Survey of the Top US Banks

Notes:

• Bank of America or BofA (BAC stock quotes and charts) was "Nations Bank" before it bought Bank of America and took the name. BofA also bought Merrill Lynch officially as of January 1, 2009.
  
• JP Morgan Chase (JPM stock quote and charts) bought Washington Mutual, fondly known as "WaMu"
• Citibank (C stock quote and charts) is also known as Citigroup & Citicorp
• Wells Fargo Bank (WFC stock quotes and charts) bought Wachovia Bank- that bought World Savings Bank)
  
• HSBC Bank North America is the American subsidiary of UK-based HSBC Holdings plc. The Hong Kong and Shanghai Banking Corporation, also a subsidiary of HSBC Holdings, acquired a 51% shareholding in Marine Midland Bank of New York in 1980 and extended to full ownership in 1987. The banks continued to operate under the Marine Midland name until 1998, when the branch offices were rebranded as HSBC Bank USA.

1-Month CD Daily Chart

6-Month CD Daily Chart

One way to get four of the top five banks in a single investment is with the exchange traded fund XLF (XLF charts).

Disclaimer: I own C (charts) and XLF (charts) in my personal account. I also cover C and XLF in my investment letter where I trade them around a core position currently in the money for both. I could sell all shares at any time to lock in my profits if my opinion sours on the sector as a whole.

Link Summary:

• Charts and Quotes for: BAC - C - JPM - WFC - XLF
  
  
• 1-Month CD Daily Chart
  
  
• 6-Month CD Daily Chart
  
  
• Current Best CD Rate Survey of the Top US Banks

==> Best CD Rates with FDIC <==
A survey of large and small banks for best rates by term

Best CD Rates - Survey of Largest US Banks

This table, updated today, shows the best CD rates for the five largest banks operating in the United States. These banks are Bank of America, JP Morgan Chase, Citibank, Wells Fargo Bank, and HSBC Bank North America.

CD rates (APY) at the largest US banks (Current Data) for a $10,000 deposit.

Rank Bank CD Rates - APY in % as of 11/04/09 for $10,000 6- Mo 11-13 Mo 18-Mo 2-Yrs 3-Yrs 5-Yrs 1 Bank of America (BAC) 0.50 1.25 Promo 1.00 2.01 2.30 3.01 2 JP Morgan Chase (JPM) Bought WaMu -Washington Mutual 0.75 1.25 1.50 2.00 NA 4yrs 3.00% 3 Citibank (C) aka Citigroup & Citicorp 0.65 1.30 1.35 2.00 2.15 3.00 4 Wells Fargo Bank (WFC) Bought Wachovia - World Savings 0.35 0.90 16 Mo 1.40 21 Mo 1.90 28 Mo NA NA 5a HSBC Bank North America - Branch & Telephone Rates 0.25 0.55 0.55 15-mo 0.75 0.75 1.01 5b HSBC Online Rates 1.10 1.50 1.50 15-mo 1.30 NA NA US Treasury Rates 0.16 0.36 NA 0.94 1.46 2.38

To see the table in full size with the current rates, click the

• Best CD Rate Survey of the Top US Banks

Notes:

• Bank of America or BofA (BAC stock quotes and charts) was "Nations Bank" before it bought Bank of America and took the name. BofA also bought Merrill Lynch officially as of January 1, 2009.
  
• JP Morgan Chase (JPM stock quote and charts) bought Washington Mutual, fondly known as "WaMu"
• Citibank (C stock quote and charts) is also known as Citigroup & Citicorp
• Wells Fargo Bank (WFC stock quotes and charts) bought Wachovia Bank- that bought World Savings Bank)
  
• HSBC Bank North America is the American subsidiary of UK-based HSBC Holdings plc. The Hong Kong and Shanghai Banking Corporation, also a subsidiary of HSBC Holdings, acquired a 51% shareholding in Marine Midland Bank of New York in 1980 and extended to full ownership in 1987. The banks continued to operate under the Marine Midland name until 1998, when the branch offices were rebranded as HSBC Bank USA.

==> Best CD Rates with FDIC <==
A survey of large and small banks for best rates by term

One way to get four of the top five banks in a single investment is with the exchange traded fund XLF (XLF charts).

6-Month Certificate of Deposit: Secondary Market Rate

Disclaimer: I own C (charts) and XLF (charts) in my personal account. I also cover C and XLF in my investment letter where I trade them around a core position currently in the money for both. I could sell all shares at any time to lock in my profits if my opinion sours on the sector as a whole.

Best CD Rates - Top CD Rates 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 4.00% APY.

For shorter terms, UmbrellaBank.com has a 1-year CD with a 2.06% annual percentage rate.

The one year US Treasury rate is currently 0.39%.

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. If that table is hard to read, then try Very Best CD Rates.

Highest CD Rates Survey
( CD Rate Survey with US Treasury Rates Included)

Term	Date	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Daily Savings	10/24/09	0.17%	Vanguard Prime Money Market Fund
Tax Exempt	10/24/09	0.15%	Vanguard Tax Exempt Money Market Fund
High Yield MM	10/24/09	1.81%	Flagstar Bank Direct
6 Months	10/24/09	1.50%	Ally Bank
1 Year	10/24/09	2.06%	UmbrellaBank.com
18 - Months	10/24/09	2.15%	MetLife Bank
2 Years	10/24/09	2.35%	Discover Bank
3 Years	10/24/09	2.35%	Discover Bank
4 Years	10/24/09	3.05%	Intervest National Bank
5 Years	10/24/09	3.50%	iGObanking
7 Years	10/24/09	4.00%	Pentagon Federal CU
10 Years	10/24/09	3.85%	Discover Bank

• Easy to Read Best CD Rate Survey
  
  
• US Treasury Rates at a Glance
  
  
• World Stock Markets at a Glance

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

Best CD Rates - Survey of Largest US Banks

This table, updated today, shows the best CD rates for the five largest banks operating in the United States. These banks are Bank of America, JP Morgan Chase, Citibank, Wells Fargo Bank, and HSBC Bank North America.

CD rates (APY) at the largest US banks (Current Data) for a $10,000 deposit.

Bank	CD Rates - APY in % as of 10/02/09 for $10,000
	6- Mo	1-Yr	18-Mo	2-Yrs	3-Yrs	5-Yrs
Bank of America (BAC)	0.50	1.45	1.00	2.01	2.30	3.01
JP Morgan Chase (JPM)	0.75	1.25	1.50	2.00	2.25	3.00
Citibank (C)	0.75	1.49	1.73	1.98	2.23	3.44
Wells Fargo Bank (WFC)	0.35	0.50	0.90 16-mo	1.40 21-mo	1.90 27-mo	NA
HSBC Bank North America - Branch & Telephone Rates	0.25	0.55	0.55 15-mo	0.75	0.75	1.01
HSBC Online Rates	1.10	1.85	1.85 15-mo	1.60
US Treasury Rates	0.13	0.34	NA	0.86	1.35	2.20

To see the table in full size with the current rates, click the

• Best CD Rate Survey of the Top US Banks

Notes:

• Bank of America or BofA (BAC stock quotes and charts) was "Nations Bank" before it bought Bank of America and took the name. BofA also bought Merrill Lynch officially as of January 1, 2009.
  
• JP Morgan Chase (JPM stock quote and charts) bought Washington Mutual, fondly known as "WaMu"
• Citibank (C stock quote and charts) is also known as Citigroup & Citicorp
• Wells Fargo Bank (WFC stock quotes and charts) bought Wachovia Bank- that bought World Savings Bank)
  
• HSBC Bank North America is the American subsidiary of UK-based HSBC Holdings plc. The Hong Kong and Shanghai Banking Corporation, also a subsidiary of HSBC Holdings, acquired a 51% shareholding in Marine Midland Bank of New York in 1980 and extended to full ownership in 1987. The banks continued to operate under the Marine Midland name until 1998, when the branch offices were rebranded as HSBC Bank USA.

One way to get four of the top five banks in a single investment is with the exchange traded fund XLF (XLF charts).

XLF Top Holdings % as of 8/31/09
J.P. Morgan Chase & Co. = 12.28
Bank of America Corporation = 11.01
Wells Fargo Company = 9.28
Goldman Sachs Group Inc. = 6.03
Citigroup Inc. = 4.11
% Assets in Top 5 Holdings = 42.70

==> Best CD Rates with FDIC <==

A survey of large and small banks for best rates by term

Disclaimer: I own C (charts) and XLF (charts) in my personal account. I also cover C and XLF in my investment letter where I trade them around a core position currently in the money for both. I could sell all shares at any time to lock in my profits if my opinion sours on the sector as a whole.

Best CD Rates at the Largest Banks in the US

This table shows the best CD rates for the five largest banks operating in the United States. These banks are Bank of America, JP Morgan Chase, Citibank, Wells Fargo Bank, and HSBC Bank North America.

CD rates (APY) at the largest US banks (Current Data) for a $10,000 deposit.

Bank	CD Rates - APY in % as of 9/24/09 for $10,000
	6- Mo	1-Yr	18-Mo	2-Yrs	3-Yrs	5-Yrs
Bank of America (BAC)	0.50	0.95	1.00	2.10	2.30	3.01
JP Morgan Chase (JPM) Bought WaMu -Washington Mutual	0.75	1.25	1.50	2.15	2.25	3.00
Citibank (C) aka Citigroup & Citicorp	0.75	1.49	1.73	1.98	2.23	3.44
Wells Fargo Bank (WFC) Bought Wachovia - World Savings	0.30	0.60	0.90 15-mo	1.40 20-mo	1.90 27-mo	NA
HSBC Bank North America - Branch & Telephone Rates	0.25	0.55	0.55 15-mo	0.75	0.75	1.01
HSBC Online Rates	1.10	1.85	1.85 15-mo	1.60
US Treasury Rate	0.19	0.38	NA	0.93	1.44	2.36

To see the table in full size with the current rates, click the

• Best CD Rate Survey of the Top US Banks

Bankrate.com says the average thirty year fixed rate mortgage is 5.25%:

Product		Rate	Last week
30 yr fixed		5.25%	5.20%
15 yr fixed		4.67%	4.66%
5/1 ARM		4.29%	4.30%

Any idiot off the street should be able to make money running a bank that pays rates this low then lends money out for mortgages at over 5%. (Assuming a return to sane lending practices where banks make loans to people who put up a 20% down payment and have income to repay the loan.)

World Savings used to offer great CD rates in California. World Savings was bought by Wachovia which continued to pay high rates to attract assets. Washington Mutual (WaMu) and Wachovia competed for deposits with each other by offering high rates.

To help save the banking system, the US eliminated some competition so the banks that are "too big to fail" can make money more easily. Wells Fargo, which had low rates all along, bought Wachovia. Likewise, Chase Bank bought WaMu. Now small savers have joined US taxpayers in bailing out the banks!"

One way to get four of the top five banks in a single investment is with the exchange traded fund XLF (XLF charts).

XLF Top Holdings % as of 8/31/09
J.P. Morgan Chase & Co. = 12.28
Bank of America Corporation = 11.01
Wells Fargo Company = 9.28
Goldman Sachs Group Inc. = 6.03
Citigroup Inc. = 4.11
% Assets in Top 5 Holdings = 42.70

Notes:

• Bank of America or BofA (BAC stock quotes and charts) was "Nations Bank" before it bought Bank of America and took the name. BofA also bought Merrill Lynch officially as of January 1, 2009.
  
• JP Morgan Chase (JPM stock quote and charts) bought Washington Mutual, fondly known as "WaMu"
• Citibank (C stock quote and charts) is also known as Citigroup & Citicorp
• Wells Fargo Bank (WFC stock quotes and charts) bought Wachovia Bank- that bought World Savings Bank)
  
• HSBC Bank North America is the American subsidiary of UK-based HSBC Holdings plc. The Hong Kong and Shanghai Banking Corporation, also a subsidiary of HSBC Holdings, acquired a 51% shareholding in Marine Midland Bank of New York in 1980 and extended to full ownership in 1987. The banks continued to operate under the Marine Midland name until 1998, when the branch offices were rebranded as HSBC Bank USA.

==> Best CD Rates with FDIC <==

A survey of large and small banks for best rates by term

Disclaimer: I own C (charts) and XLF (charts) in my personal account. I also cover C and XLF in my investment letter where I trade them around a core position currently in the money for both. I could sell all shares at any time to lock in my profits if my opinion sours on the sector as a whole.

Best CD Rates at Wachovia Bank

These are the Best Unpublished CD Rates and terms at Wachovia Bank that they offer as a "last resort" to keep or get your business. Wachovia spends money to get new customers. Wachovia will also spend money to keep the smart ones too by giving us their best, unpublished rates.

The day your CD matures, call the number they give on the "Automatic Renewal Notice" and say you want to take your money to a better paying bank we list on our Highest CD Rates page. This should get you their best rates to keep your money.

Steps to get the best rates when you renew a CD at Wachovia Bank:

1. Print out the CD rates shown on our Highest CD Rates page before you call so you can quote specifics.
   .
   
2. Call and them you want to close your CD that just rolled over into a low rate.

These are the rates we were quoted:

==> " Best Unpublished CD Rates at Wachovia Bank " as of 6/3/08 <==

• 13 months - 3.30% APY
• 2 - Years - 3.50% APY
• 3 - Years - 4.00% APY
• 4 - Years - 4.75% APY

For the latest update, see Wachovia Bank Unpublished CD Rates

Wachovia usually gets new customers with great CD "teaser rates" that they automatically roll over into a CD that pays a much lower rate at the end of the teaser term.

You don't have to take what they give you! You CAN get a much better rate.