3.0% Bank CD Rates: How long must you invest?

For those in the market for a bank CD, you’ve undoubtedly noticed the difficulty in tracking down a 3.0% APY CD in today’s economic climate. Back in 2008, 3% APY CDs were the lowest of the low for CD rates. Even 6 month CDs were yielding significantly more than that. Today, the average APY for 5 year CDs sits at a measly 2.25% and the best 5 year CDs (available nationwide) Read more…

Best 5 year CD rates inching over 3.0% APY

You wont find any online banks offering 5 year CD rates over the 3.0% APY threshold, however, your local credit union may be able to lift your interest rate above that mark. An example of this was sent in yesterday by BankVibe.com reader Ian who noted a substantial offer from his local credit union. If you happen to be able to take advantage of First People’s Community Federal Credit Union of Read more…

Long Term Bank CD’s (certificates of deposit): Should I Invest?

Although we’ve seen long term CD rates tick upward ever-so-slightly over the last month or so, we still maintain the stance that you should resist the urge to move forward with these products based on tiny rate hikes. Many banks have been throwing their net out into the plentiful sea of eager savers in an attempt to catch a fresh batch of customers using their small rate hikes as bait. Sure, Read more…

City National Bank’s interest checking account: No maximum balance

City National Bank has an impressive rewards checking account that is fairly different than all the other high interest checking accounts currently available.

Their rewards checking account pays a relatively unimpressive 3.28% APY, however there is NO CAP on maximum balances and it is available throughout the nation (no geographical restrictions). Typically these rewards accounts come with a high interest rate, usually a lot higher than 3.28%, and a maximum balance amount Read more…

Best 24 month certificate of deposit found at Broadway Federal Bank

Broadway Federal Bank tops our best 24 month CD rates list with a sweet rate of 3.05% APY. The national average for 2 year CDs sits at around 2.0% APY. Although Broadway Fed is located in Las Angeles, their products are available nationwide. This particular product comes with a minimum deposit amount of $1000 and is only available online.

Who is Broadway Federal Bank:

They are a community bank providing banking products to customers in the LA area (where their branches are Read more…