XCEL Federal Credit Union’s Exceptional 3 Year CD Rate: 3.0% APY!

We just got word that XCEL Federal Credit Union (based out of New Jersey) is offering a fantastic 3 year CD (certificate of deposit) promotion. Currently, if accepted to the credit union and with a minimum deposit of just $500 you can open a 3 year CD yielding a whopping 3.0% APY. To put this offer in perspective the current national average for 36 month CD’s sits at just 1.60% APY. Read more…

36 month “step up” CD through Darby Direct

Darby Direct is offering another noteworthy savings product this month. A few months ago Darby Direct stepped on the scene with a lucrative high yield savings account providing a 3.0% interest rate. Unfortunately that account carried a variable interest rate and has since declined. However, this product comes with fixed rates and of course, is FDIC insured.

Here is how the account works:

Upon opening your account you will receive a Read more…

Washington Federal Savings Bank CD rates (WA and ID)

Washington Federal Savings Bank is offering some fairly respectable returns on their FDIC-insured savings products. If you visit their website, however, you will not be able to find any savings rates posted. They may want to reconsider this (in our opinion) given the competitiveness of some of their current rates.

For terms up to 18 months they offer rates which are pretty much on par with the national average, however their 24 – 36 month CD rates are substantially above it.

After Read more…

Highest yielding 12 month CD rate in California

The State Bank of India’s 12 month CD may hold the highest rate for one-year maturities. Thanks to BankVibe reader Eric for submitting it.

Currently the State Bank of India has an FDIC insured, 1year “high-value” CD rate of 2.50% APY for balances above $50,000. As of the today, the national average for twelve month CD’s sits at roughly 1.65% APY.

State Bank of India (California) is a chartered subsidiary of the actual State Bank of India.

Here is their story…

The origin of the State Read more…

Frontier Bank’s certificate of deposit rates

Frontier Bank has several noteworthy CD rates currently available throughout the country. Unlike most of the high interest CD rates we have covered lately, these rates come with no geographical restrictions and can be opened online.

To fund these accounts you will need to conduct an ACH wire transfer and your rate will be locked in with the application so long as they receive your deposit within 5 days.

To open an account in person you will need to visit one of Read more…