CIT Bank CD Rates, Savings & MMA, Mortgage & Loan Rates, Reviews

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Today's 12-month CD rates can be found at 2.00%, 6-month CD rates at 3.99% and 3-month CD rates at 2.90%. Current savings rates are at 0.15% and money market rates are at 1.00%. Mortgage rates today on 30-year fixed loans are around 6.91%. Credit Card rates are at 29.99%. Personal Loan rates are at 12.99%. All these rates, and more, can be found in our database of rates. CIT Bank's 18-Month CD rates are at 3.00%, 6-Month CD rates are at 3.00%, 60-Month CD rates are at 0.50%, 48-Month CD rates are at 0.50%, 36-Month CD rates are at 0.40%. CIT Bank's savings rates are at 5.00%. CIT Bank's money market rates are at 1.55%.

CIT Bank

To see how these rates compare to CIT Bank CD rates, feel free to use our comprehensive rate tables for side-by-side comparisons of CD rates from CIT Bank, savings rates and money market rates, with rates from other banks and credit unions below. You can use our bank rate lists to compare CD rates for all CD terms, with CIT Bank CD rates. You can also compare CIT Bank savings rates, MMA rates and mortgage rates using our other rate lists.

CIT Bank money market rates, and other rates, are continually updated to reflect market conditions, we recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at CIT Bank? Share your experience about CIT Bank by leaving a review below, or read customer reviews before you decide to use CIT Bank.

Rate
APY/APR
vs Avg
12-Month CD
0.30%
18-Month CD
3.00%
24-Month CD
0.40%
36-Month CD
0.40%
48-Month CD
0.50%
60-Month CD
0.50%
Savings
5.00%
MMA
1.55%
30-Year Fixed
N/A
Credit Card
N/A
Personal Loan
N/A
CIT Bank
95 South Lake Ave
Pasadena, CA 91103
Member FDIC
MonitorBankRates' Rating
/5
☆☆☆☆☆

CIT Bank CD Rates and Interest Rates

Bank
Product
APY
Min Dep
CIT Bank
CIT Bank
Platinum Savings
5.00%
$5,000
CIT Bank
CIT Bank
6-Month CD
3.00%
$1,000
CIT Bank
CIT Bank
18-Month CD
3.00%
$1,000
CIT Bank
CIT Bank
Money Market
1.55%
$100
CIT Bank
CIT Bank
48-Month CD
0.50%
$1,000
CIT Bank
CIT Bank
60-Month CD
0.50%
$1,000
CIT Bank
CIT Bank
24-Month CD
0.40%
$1,000
CIT Bank
CIT Bank
36-Month CD
0.40%
$1,000
CIT Bank
CIT Bank
12-Month CD
0.30%
$1,000
Show More

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

Compare CIT Bank Rates with Other Competitive Bank and Credit Union Rates

Bank
Product
APY
Min Dep
First Southern Bank Florence, AL
First Southern Bank Florence, AL
7-Month CD (special)
5.10%
$10,000
Barclays Bank
Barclays Bank
12-Month CD
5.00%
$0
Colorado Federal Savings Bank
Colorado Federal Savings Bank
18-Month CD
4.95%
$5,000
iGOBanking
iGOBanking
Money Market
4.78%
$25,000
Union Bank, Inc.
Union Bank, Inc.
6-Month CD
4.42%
$2,500
PSECU
PSECU
6-Month CD
4.00%
$500
Bank Five Nine
Bank Five Nine
12-Month CD
3.60%
$1,000
167th TFR Federal Credit Union
167th TFR Federal Credit Union
6-Month CD
3.55%
$500
Hardin County SB
Hardin County SB
48-Month CD
3.50%
$10,000
Sandy Spring Bank
Sandy Spring Bank
36-Month CD
3.50%
$1,000
Boone Bank & Trust Co.
Boone Bank & Trust Co.
48-Month CD
3.48%
$50,000
Minnesota First
Minnesota First
12-Month CD
3.23%
$500
Oxford Bank
Oxford Bank
15-Month CD
3.03%
$500
Patriot Bank N.A.
Patriot Bank N.A.
36-Month CD
2.74%
$500
FNB of Dennison
12-Month CD
2.68%
$1,000
Farmers State Bank Center, TX
Farmers State Bank Center, TX
24-Month CD
2.58%
$1,000
Headwaters State Bank
Headwaters State Bank
24-Month CD
2.52%
$1,000
Axiom Bank
Axiom Bank
48-Month CD
2.50%
$500
Kennett Trust Bank
Kennett Trust Bank
30-Month CD
2.18%
$500
Hendricks County Bank and Trust
Hendricks County Bank and Trust
30-Month CD
2.12%
$1,000
Bank of Elgin
Bank of Elgin
24-Month CD
2.02%
$500
Frontier State Bank
Frontier State Bank
48-Month CD
1.92%
$1,000
Swedish-American State Bank
Swedish-American State Bank
48-Month CD
1.90%
$500
Harrison County Bank
Harrison County Bank
36-Month CD
1.85%
$1,000
Bank of Lake Mills
Bank of Lake Mills
48-Month CD
1.70%
$500
Ultima Bank Minnesota
Ultima Bank Minnesota
3-Month CD
1.25%
$1,000
Jones Bank
Jones Bank
12-Month CD
1.05%
$500
Andrews Federal Credit Union
Andrews Federal Credit Union
Premium Money Market
1.05%
$0
FNB of Groton
FNB of Groton
12-Month CD
1.01%
$1,000
NCS Bank
NCS Bank
12-Month CD
1.00%
$500
State Bank of Graymont
State Bank of Graymont
24-Month CD
1.00%
$1,000
1st MidAmerica Credit Union
1st MidAmerica Credit Union
24-Month CD
0.80%
$1,000
Thumb Bank and Trust
Thumb Bank and Trust
48-Month CD
0.75%
$500
CIBM Bank
CIBM Bank
24-Month CD
0.65%
$500
OWB One World Bank
OWB One World Bank
24-Month CD
0.65%
$1,000
Massena Savings and Loan
Massena Savings and Loan
Money Market
0.51%
$2,500
First State Bank of Campbell Hill
First State Bank of Campbell Hill
3-Month CD
0.50%
$500
PS Bank
PS Bank
18-Month CD
0.50%
$500
Bogota Savings Bank
Bogota Savings Bank
Money Market
0.35%
$100,000
Round Top State Bank
Round Top State Bank
Money Market
0.35%
$2,500
Bay State Savings Bank
Bay State Savings Bank
Interest Checking
0.30%
$0
Henderson FSB
Henderson FSB
Statement Savings
0.30%
$0
MVSB
60-Month CD
0.30%
$500
First National Bank in Pinckneyville
First National Bank in Pinckneyville
Money Market
0.20%
$1
Collins State Bank
Collins State Bank
Savings
0.15%
$100
Empire State Bank
Empire State Bank
Money Market
0.10%
$2,500
Chester National Bank
Chester National Bank
Savings
0.05%
$100
Homewood Federal SB
Homewood Federal SB
NOW Checking
0.05%
$300
Forcht Bank
Forcht Bank
Forcht Friend Savings
0.05%
$0
Old Dominion National Bank
Old Dominion National Bank
First Choice Savings
0.05%
$100
Show More

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

Mortgage Rates July 16, 2024

Lender
Product
Rate
APR
Points
4.990%
5.287%
0.500
4.750%
5.507%
0.000
5.000%
5.531%
0.000
5.500%
5.540%
0.000
15 Year Fixed
5.500%
5.568%
0.000
5.500%
5.614%
0.000
5.500%
5.716%
0.500
5.625%
5.777%
0.500
5.625%
5.786%
0.000
15-Year Fixed
5.625%
5.799%
0.000
5.625%
5.820%
0.250
5.500%
5.820%
0.000
5.750%
5.834%
0.000
5.500%
5.868%
2.000
5.750%
5.883%
0.500
5.750%
5.886%
0.000
6.000%
5.892%
0.000
5.675%
5.894%
0.000
5.500%
5.908%
2.000
15 Year Fixed
5.625%
5.941%
1.000
5.750%
5.954%
1.000
5.750%
5.957%
0.000
5.875%
5.970%
0.000
15-Year Fixed (Jumbo)
5.875%
5.970%
0.000
Show More

The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.

CIT Bank Information

CIT Bank
95 South Lake Ave
Pasadena, CA 91103
Los Angeles
Established Date: 03/19/2009
FDIC Certificate #: 58978
Date of FDIC Deposit Insurance: 03/19/2009
Bank Holding Company: CIT GROUP INC
How Many Domestic U.S. Offices? 84
How Many Branches are There? 0
Is CIT Bank FDIC Insured? Yes
What is CIT Bank's Cert number? 58978
What is the maximum amount for insured deposits? $250,000 per holder, per account

CIT Bank Financials

Total Assets:
$47,562,923,000
Total Deposits:
$40,214,687,000
Equity Capital:
$5,373,945,000
Domestic Deposits:
$40,214,687,000
Net Income:
$884,742,000
Return on Assets:
1.7792%
Quarterly Return on Assets:
1.7600%
Pretax Return on Assets:
2.4029%
Pretax Quarterly Return on Assets:
2.4100%
Return on Equity:
17.0300%
Quarterly Return on Equity:
15.7800%
Leverage Tier 1 (Core Capital) Ratio:
0.0000%
Total Interest Income (YTD):
0.0000%
 
 
Headquarters:
Pasadena
FDIC Field Office:
Los Angeles (north)
Regulator:
OCC
County:
Los Angeles
# of Offices:
84
Metropolitan Statistical Area (MSA):
Los Angeles-Long Beach-Anaheim, CA
Consolidated Metropolitan Statistical Area (CMSA):
Los Angeles-Riverside-Orange County, CA
OTS Region:
Western
FDIC Region:
San Francisco
Source: FDIC

Highest Savings Account Rates for September 8, 2023

Since the Federal Reserve has been increasing rates for the past 15 months, high-yield savings accounts have become an even more attractive option for savers and investors. Gone are the days of low interest rates for online banks, if you're looking to maximize your returns on your savings account, you've come to the right place. Below, we list some of the highest and most competitive savings account rates available in descending order of the interest rate offered:

Highest Savings Rates:

  • UBS Bank USA: 5.40%, Minimum deposit: $1000
  •     Read more...

    CIT Bank CD Rates: Act Now to Lock in a High Rate Before Rates Decline!

    Are you on the hunt for a sound, smart, and profitable investment? Look no further, CIT Bank is the answer you've been searching for! With some of the highest short-term CD rates available online, CIT Bank CDs are some of the best deals around. 6-month CD Rates are currently at a whopping 5.00%, that rate is higher than most 12-month CD rates available. 13-month CD rates are also a good deal at 4.65% APY. The time is now to lock in a high CD rate because CD rates are expected to decline later this year.

    The current rates for a 6-month, 13-month, and 18-month CD are not the only good deals at CIT Bank. If you're looking for a wider range, CIT Bank offers eight standard certificate of deposit terms, ranging from six months to five years.

    What truly sets CIT Bank apart are the four distinct types of CDs it provides - Term CDs, Jumbo CDs, No Penalty 11-month CD, and RampUp CDs. Each of these CD options comes with its unique benefits, meeting the diverse needs of every CD investor.

        Read more...

    CIT Bank CD Rates: 6-Month 5.00%, 13-Month 4.65%, 18-Month 4.60%

    CIT Bank is offering some of the best short-term CD rates currently available from any online bank. CIT Bank 6-month CD rates are at 5.00%, 13-month CD rates are at 4.65% and 18-month CD rates are at 4.60%. CIT Bank is an online bank that provides customers with a range of CD products to meet their financial goals. They offer eight standard certificate of deposit terms, which range from six months to five years.

    • 6-Month 5.00%
    • 13-Month 4.65%
    • 18-Month 4.60%
    • 5-Year 0.50%
    • 4-Year 0.50%
    • 3-Year 0.40%
    • 2-Year 0.40%
    • 1-Year 0.30%

    Types of CIT Bank CDs

        Read more...

    Are you Looking for High Interest Rates on your Savings?

    Are you looking for high interest rates on your savings? A 12-month certificate of deposit (CD) with rates above 4.00 percent may be the right choice for you. Banks and credit unions offer CD's as a type of savings account that generally have higher interest rates than traditional savings accounts. However, these accounts require the deposit to stay in the account for a specified period of time, usually ranging from a few months to several years.

    When searching for the best CD rates, it's essential to compare rates from different financial institutions. Websites such as monitorbankrates.com and bankrate.com can be incredibly helpful in this regard. According to monitorbankrates.com, some of the highest 12-month CD rates currently available include: Connexus Credit Union with 4.85%, First Internet Bank of Indiana with 4.75 percent, CIT Bank, also with 4.75 percent, and CFG Community Bank with 4.70 percent. Bankrate.com also lists several financial institutions offering 12-month CD rates above 4.00 percent, such as American Express National Bank with 4.15 percent and Discover Bank with 4.15 percent.

    When considering a CD, it's important to consider the rate as well as the length of the term. A higher rate may be more attractive, but if the term is longer, the account holder may miss out on potentially higher rates if they become available in the future. Additionally, it's important to consider whether the account holder will need to access the funds before the term is up, as early withdrawals may result in penalties.

        Read more...

    CIT Bank Savings Rates: 1.35% [Nationwide]

    CIT Bank savings rates on the bank's savings account is on the higher end of savings rates currently available. The savings rates at CIT Bank are at 1.34 percent with a 1.35 percent annual percentage yield. CIT Bank's savings rate is more than 16x the FDIC national average rate, plus you earn interest with a minimum of $100 balance.

    CIT Bank Best Savings Rates

        Read more...

    Savings Account Rates CIT Bank

    Savings Account Rates CIT BankSavings account rates at CIT Bank are very competitive right now, especially on the bank's Savings Builder savings account. In fact, the Savings Builder savings rate places CIT Bank in the top 10 savings rates on the rate list. Current CIT Bank Savings Builder savings rate is at 2.27 percent with an APY of 2.30 percent. The account is FDIC insured and the minimum opening deposit is only $100.To earn the 2.30% APY, you have to either have $25,000 or more on deposit or make a monthly deposit of $100 or more. If you don't make deposits of $100 or more each month or have a balance of less than $25,000 the savings rate is 1.26% APY for the first month. Each month after the savings rate drops to 1.00% APY.

    Savings Builder Benefits and Features

        Read more...

    Online Savings Rates Increase in 2019

    Online Savings Rates Increase in 2019Online savings rates continue to move higher during the first week of 2019 as several banks increased rates. The best online savings rate for the first week of 2019 goes to CIT Bank with a rate of 2.45 percent on their Savings Builder savings account. The minimum opening deposit is $25,000.The second best online savings rate goes to MySavings Direct at 2.40 percent with minimum opening deposit of only $1.00.The third highest online savings rate is at 2.36 percent from Popular Direct and VirtualBank. Vio Bank and PurePoint Financial are tied with the fourth best savings rate at 2.35 percent. Rounding out the top 5 savings rates is earn.bank with a rate of 2.31 percent.     Read more...

    Best 1 Year CD Rates April 5, 2017

    CD rates continue to move higher this week. We look for the trend of higher CD rates to continue in 2017 as long as there isn't a recession. The Fed is expected to increase the federal funds rate at least two more times this year, which will put more upward pressure on CD rates.

    This week, the best 1 year CD rate in the database is now at 1.49 percent with an APY of 1.50 percent. A couple of weeks ago, the top 1 year CD rate was 5 basis points less.

    The current national average 1 year CD rate also moved higher this week over last. The current national average 1 year CD rate is at 1.26 percent, up from last week's average of 1.30 percent.

        Read more...

    CD Rates Report: 1 Year CD Rates as of January 14, 2017

    Listed below is a current CD rates report for 1 year certificates of deposit as of January 14, 2017.

    Current 1 Year CD Rates

    • Pentagon Federal Credit Union 1.35% Yield 1.36% (tied for 1st place)
    • EverBank 1.35% Yield 1.36% (tied for 1st place)
    • VirtualBank 1.30% Yield 1.31%
    • Live Oak Bank 1.29% Yield 1.30%
    • My e-BAnC by BAC Florida Bank 1.28% yield 1.29%
    • E-Loan 1.27% Yield 1.28% (tied for 5th place)
    • Popular Direct 1.27% Yield 1.28% (tied for 5th place)
    • Pacific National Bank 1.26% Yield 1.27%
    • California First National Bank 1.25% Yield 1.26% (tied for 7th place)
    • TAB Bank 1.25% Yield 1.26% (tied for 7th place)
    • Synchrony Bank 1.24% Yield 1.25% (tied for 8th place)
    • Colorado Federal Savings Bank 1.24% Yield 1.25% (tied for 8th place)
    • Salle Mae 1.24% Yield 1.25% (tied for 8th place)
    • AloStar Bank of Commerce 1.22% Yield 1.23% (tied for 9th place)
    • giantbank AloStar 1.22% Yield 1.23% (tied for 9th place)
    • CIT Bank 1.21% Yield 1.22% (tied for 10th place)
    • BankDirect 1.21% Yield 1.22% (tied for 10th place)

    For a list of today's 1 year CD rates in our database go to MontiorBankRates.com.

        Read more...

    Highest Deposit Rates November 27, 2016

    Variable deposit rates continue to inch slowly higher this week. The best savings rate available is at 1.25 percent with a yield of 1.26 percent. The best money market account rate available is slightly lower at 1.24 percent with a yield of 1.25 percent.Listed below are the best savings rates and money market rates available in our database for November 27, 2016.

    Best Savings Rates

        Read more...

    Best Variable Deposit Rates October 12, 2016

    Variable deposit rates have been slowly creeping up for the past several months. The interest rate increases have been small; in increments of less than 10 basis points for the most part. Even with the small increases, the best variable deposit rates are almost comparable to best the 1 year CD rates.The best savings rate on our rate database is at 1.25 percent with an APY of 1.26 percent from Popular Direct. This savings rate is only 4 basis points lower than the top 1 year CD rate in our database at 1.29 percent with a yield of 1.30 percent. The highest money market yield on our list is 5 basis point lower at 1.24 percent with a yield of 1.25 percent.Listed below are today's current highest savings rates and money market rates     Read more...

    CIT Bank 1 Year CD Rates now at 1.21%

    CIT Bank 1 Year CD rates are now at 1.21 percent with a yield of 1.22 percent. View current 1 Year CD rates at CIT Bank below.     Read more...

    CIT Bank CD Rates Lowered

    CIT Bank CD rates were lowered this week on 5 year and 2 year certificates of deposit. Despite the recent decreases, the bank's rates are still very competitive. Rates were lowered on CIT Bank's regular, jumbo, IRA, and jumbo IRA CD accounts. You can compare these new rates with other CD rates at banks by searching the rate database at MonitorBankRates.com.

    CIT Bank CD Rates

    BankProductRate (new / old)Yield (new / old)
    CIT Bank2 yr CD1.29 / 1.391.30 / 1.40
    CIT Bank5 yr CD1.88 / 2.081.90 / 2.10
    CIT Bank5 yr jumbo CD1.93 / 2.131.95 / 2.15
    CIT Bank2 yr IRA CD1.29 / 1.391.30 / 1.40
    CIT Bank5 yr IRA CD1.88 / 2.081.90 / 2.10
    CIT Bank2 yr jumbo IRA CD1.34 / 1.461.35 / 1.47
    CIT Bank5 yr jumbo IRA CD1.93 / 2.131.95 / 2.15
    CIT Bank2 yr jumbo CD1.34 / 1.461.35 / 1.47
        Read more...

    3/1/16 - Best Variable Deposit Rates

    Listed below are the best variable deposit rates for March 1, 2016. For a list of today's deposit rates search our database of rates at Deposit Rates.

    Best Money Market Account Rates

    Top Deposit Rates for February 24, 2016

    Listed below are the top online savings rates and money market rates for 2/24/16.Top Online Savings Account Rates

    Current CD Rate Changes from Banks and Credit Unions

    Several banks and one credit union made changes to the CD rates they offer. The CD rate changes are listed below. You can see a list of rates from many banks and credit unions at MonitorBankRates.com.

    BankProductRate (New / Old)Yield (New / Old)
    CIT Bank5 yr CD2.08 / 2.182.10 / 2.20
    CIT Bank5 yr jumbo CD2.13 / 2.232.15 / 2.25
    CIT Bank5 yr IRA CD2.08 / 2.182.10 / 2.20
    CIT Bank5 yr jumbo IRA CD2.13 / 2.232.15 / 2.25
    Luana Savings Bank6 month $50K CD0.45 / 0.500.45 / 0.50
    Nationwide Bank5 yr CD2.03 / 1.932.05 / 1.95
    Nationwide Bank5 yr jumbo CD2.08 / 1.982.1 / 2
    Pentagon Federal Credit Union1 yr CD1.10 / 1.201.11 / 1.21
    Pentagon Federal Credit Union2 yr CD1.3 / 1.401.31 / 1.41
    Pentagon Federal Credit Union3 yr CD1.3 / 1.401.31 / 1.41
    Pentagon Federal Credit Union5 yr CD1.4 / 1.501.41 / 1.51
    Pentagon Federal Credit Union4 yr CD1.3 / 1.401.31

     

    Discover Bank5 yr CD2.18 / 1.982.20 / 2.00
    Discover Bank5 yr jumbo CD2.18 / 1.982.20 / 2.00
    Discover Bank5 yr IRA CD2.18 / 1.982.20 / 2.00
    Discover Bank5 yr jumbo IRA CD2.18 / 1.982.20 / 2.00
    Lone Star Bank1 yr CD0.80 / 1.240.8 / 1.25
    Synchrony Bank5 yr CD2.13 / 2.222.15 / 2.25
        Read more...

    Variable Deposit Rate Report for January 14, 2016

    A few banks have increased their rates, so average deposit rates are slightly higher this week. Variable deposit rates have been stable so far in 2016 but that will change in the coming months. The biggest force behind any deposit rate increases is the Federal Open Market Committee (FOMC). The FOMC meets again in less than 2 weeks to decide on interest rate policy.The Fed is widely expected to keep the fed funds rate in the current range of 0.25 percent to 0.50 percent. As of today, there is a 90.5 percent chance the Fed won't increase the fed funds rate according to the CME Group's Fed Watch Tool. The next Fed meeting is in March and as of today there is only a 34.5 percent probability the Fed will increase the rate during that meeting.Deposit rates will move higher in 2016. The question isn't if, but when. Listed below are this week's best savings rates and money market rates.     Read more...

    Christmas Day 2015 Variable Deposit Rates

    2016 will be a better year for deposit rates after many years of watching rates decline to historic lows. The Fed will most likely increase the fed funds rate at least 3 or 4 times in 2016, on top of the 1 rate increase in 2015. While banks and credit unions haven't increased rates yet, it's only a matter of time before they do.Let's look forward to higher fixed and variable bank rates in 2016. Listed are the best savings rates and money market rates on Christmas Day 2015. You can check on all current deposit rates by searching our database of interest rates at MonitorBankRates.com.Best Savings Rates Christmas Day     Read more...

    Unemployment Low and Hourly Wages Up Should Mean a Rate Increase

    The Fed meets in just over a month to decide on monetary policy. The strong November employment report makes it more likely the Fed participants will vote to increase the fed funds rate. A higher fed funds rate will lead to higher variable deposit rates, possibly as soon as next month.

    November's unemployment rate fell to 5.00 percent and average hourly earnings have risen by 2.5 percent over the past year. The unemployment rate is now at the lowest level since April 2008, just before the financial crisis. The rate is also at a point where many Fed officials see as consistent with full employment. 

    Full employment and higher wage growth should force the Fed to vote on increasing rates. The CME Group's Fed Watch Tool puts the probability of a rate hike in December at 65.9 percent. Whether or not the rate is increased will depend on December's employment report.

        Read more...

    1.33% APY - New Top 1 Year Top CD Rate in the Database

    There is a new top rate in our 1 year CD rate database. Connexus Credit Union is now offering 1 year certificate rates at 1.32 percent with an APY of 1.33 percent. As with any credit union, you are required to join Connexus CU to open a certificate account and you must meet eligibility requirements or to make a one-time $5 donation to Connexus Association, which will in turn make you a member of the credit union.

    If you're not eligible or you don't want to join Connexus, there are two online banks in our database offering 1 year rates only 3 basis points lower than Connexus' rate. CIT Bank and E-Loan are both offering 1 year rates at 1.29 percent with an APY of 1.30 percent.

    Listed below are the highest 1 year CD rates for October 28, 2015.

        Read more...

    CD Rates Hold Steady as Fed Meets Next Week to Decide Monetary Policy

    The Federal Open Market Committee (FOMC) meets again next week to decide on monetary policy. If the FOMC decides to increase the fed funds rate, CD rates will also move higher. Fed Chair, Janet Yellen, is still talking up a rate hike sometime in 2015 but some Fed officials say the first hike will happen in 2016.

    The final FOMC meeting for 2015 will be in December. If a hike doesn't happen next week, the FOMC has one final chance to raise the rate this year. The CME's FedWatch Tool now has a 29.2 percent chance of a hike in December, down from 35.4 percent last month.

    The past several months, banks and credit unions in our rate database have been slowing increasing their rates in anticipation of a Fed rate hike. Both short term and long term CD rates have been increased by financial institutions. The increases have been small but at least rates are finally moving higher after a half dozen years of decreases.

        Read more...

    10/14/15 - Variable Deposit Rates - Highest Savings Rates at 1.10% APY

    Banks kept variable deposit rates near current levels because the Federal Reserve decided not to increase the fed funds rate. The Fed meets again this month to decide interest rate policy and it's looking less likely the Fed will increase the rate this month.

    The CME Group's FedWatch Tool has only about a 5 percent chance of a change in monetary policy at the October Fed meeting. Listed below are the best savings rates and money market rates. You can search our rate database for both national and regional rates at SavingsAccount.MonitorbankRates.com

    Variable Deposit Rates for October 14, 2015

        Read more...

    9/30/15 Deposit Rate Report

    By now you have probably heard the Fed didn't increase the fed funds rate this month so deposit rates have mostly remained the same. There is still hope for an increase in October's meeting but a lot will depend on September's employment report due to be released on Friday.

    September 30, 2015 Deposit Rate Report

    Best Money Market Rates

    • EverBank 0.61% Yield 1.11%
    • Dime 0.20% Yield 1.10%
    • Northeast Bank 1.09% Yield 1.10%
    • iGObanking.com 1.09% Yield 1.09%
    • ableBanking 1.00% Yield 1.00%
    • Sallie Mae Bank 0.90% Yield 0.90%
    • Ally Bank 0.85% Yield 0.85%
    • Synchrony Bank 0.85% Yield 0.85%
    • MyCBB 0.83% Yield 0.83%

    Best Savings Rates

    • My Savings Direct 1.09% Yield 1.10%
    • Radius Bank 1.09% Yield 1.10%
    • The Palladian Private Bank 0.90% Yield 1.10%
    • Synchrony Bank 1.04% Yield 1.05%
    • CIT Bank 1.04% Yield 1.05%
    • GE Capital Bank1.04% Yield 1.05%
    • Barclays Bank 1.00% Yield 1.00%
    • iGObanking.com 1.00% Yield 1.00%
    • Ally Bank 1.00% Yield 1.00%
    • Discover Bank 0.95% Yield 0.95%
    • American Express Bank 0.90% Yield 0.90%

    Average Deposit Rates

    • Money Market/Savings Min Deposit $10,000 Current Average Rate 0.510%
    • Money Market/Savings Min Deposit $25,000 Current Average Rate 0.600%
    • Money Market/Savings Min Deposit $50,000 Current Average Rate 0.610%

    Check on current variable deposit rates at anytime by searching our database at SavingsAccount.MonitorbankRates.com

        Read more...

    1.30% APY - CIT Increases 1 Year CD Rate, Now Tied for Top 1 Year Rate

    About two weeks ago, CIT Bank increased their 2 year CD rate. This week CIT Bank increased their 1 year CD rate. The new 1 year rate is at 1.29 percent with an APY of 1.30 percent. The old rate was 5 basis points lower at 1.24 percent with an APY of 1.25 percent. CIT Bank is also offering the same rate and yield on the bank's 1 year IRA CD.CIT Bank is now tied with E-Loan for the best 1 year CD rate in our database. It will be interesting to see if Synchrony Bank increases their 1 year rate in the coming week. Synchrony Bank, along with CIT Bank, usually offer the highest 1 year rate.You can search for and compare CD rates for all certificate of deposit terms by using the rate table at Monitor Bank Rates.     Read more...

    Explore Other Rate Deals

    Texas Trust Credit Union is advertising several different types of certificates of deposit. One of the credit union's best CD rates is on their 12 month jumbo certificate of deposit. The current jumbo CD rate is 2.05 percent with an annual percentage yield of 2.07 percent. You have to be an Eagle Member of the credit union to receive that CD rate and CD yield.
    Current Mortgage rates and refinancing rates are stable. 30 year mortgage rates and 30 year refinance rates today are averaging 4.86 percent, no change from yesterday’s average interest rate. 30 year mortgage rates and 30 year mortgage refinancing rates in California are higher than the national average rate. California 30 year rates are averaging 4.93 percent.

    Bank or Credit Union Offers and Deals

    Mortgage Rates Make New Lows This Week: 30 Year Mortgage Rates at 4.17%, 15 Year Mortgage Rates at 3.57% - Freddie Mac
    New Jersey CD Interest Rates and CD Yields
    Detroit, MI CD rates
    Weekly Savings Account Rates: Updated June 2, 2009
    Mortgage Rates: 30 Year Mortgage Rates Averaging 5.03%
    New York, New York Savings Interest Account Rates
    Home Mortgage Rates Today: 30 Year Mortgage Rates at 4.07%
    Tinker Federal Credit Union Savings
    Setting a Home Buying Budget: Figure out the Downpayment and Purchase Price
    MBA - 30 Year Mortgage Rates at 5.02%, Mortgage Applications Drop

    Alternative Bank and Credit Union Offers to Explore

    Fixed Home Mortgage Rates Make Record Lows MBA: 30 Year Mortgage Rates at 4.38%, 15 Year Mortgage Rates at 3.77%
    BMO Alto CD Rates: 12-Month at 5.40% APY, 6-Month at 5.20% APY
    CD Rates at Allegany County Teachers Federal Credit Union
    Mortgage Rates Higher in Mortgage Survey: 30 Year Mortgage Rates Averaging 4.92%
    First Imperial Credit Union CD Interest Rates and CD Yields
    American Express Savings Account
    Waiting Game for Higher CD Rates as Fed Raised Fed Funds Rate
    Compare Mortgage Types When Shopping for a Mortgage
    Average Mortgage Rates Still Historically Low
    CD Rates: June 22, 2009 Bank CD Rates

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