Pentagon Federal Credit Union CD Rates, Savings & MMA, Mortgage & Loan Rates, Reviews

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Pentagon Federal Credit Union's 12-Month CD (Certificate) rates are at 4.20%, 24-Month CD (Certificate) rates are at 4.20%, 36-Month CD (Certificate) rates are at 3.60%, 60-Month CD (Certificate) rates are at 3.50%, 48-Month CD (Certificate) rates are at 3.50%. Pentagon Federal Credit Union's savings rates are at 3.00%. Pentagon Federal Credit Union's money market rates are at 4.20%.

Pentagon Federal Credit Union

Compare Pentagon Federal Credit Union CD rates to other credit union and bank CD rates by searching our comprehensive rate tables. You can do side-by-side comparisons of Pentagon Federal Credit Union savings rates, CD rates and money market rates, with rates from other banks and credit unions below. You can also compare loan rates, including mortgage rates, personal loan rates and credit card rates.

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

Overall, Pentagon Federal Credit Union is an excellent credit union worth considering, with an overall rating of 5 stars out of 5 stars.

Rate
APY/APR
vs Avg
12-Month CD
4.20%
18-Month CD
N/A
24-Month CD
4.20%
36-Month CD
3.60%
48-Month CD
3.50%
60-Month CD
3.50%
Savings
3.00%
MMA
4.20%
30-Year Fixed
N/A
Credit Card
N/A
Personal Loan
N/A
Pentagon Federal Credit Union
PenFed Corporate HQ Tyson Corner
7940 JONES BRANCH DR
McLean, VA 22102
Member NCUA
MonitorBankRates' Rating
5/5
★★★★★

Compare Pentagon Federal Credit Union Rates with Other Competitive Bank and Credit Union Rates

Bank
Product
APY
Min Dep
Communitywide Federal Credit Union
Communitywide Federal Credit Union
6-Month CD
5.30%
$1,000
Westside State Bank
Westside State Bank
12-Month CD special
5.25%
$1,000
Goldwater Bank
Goldwater Bank
6-Month CD
5.15%
$500
Palo Savings Bank
12-Month Jumbo CD
4.68%
$100,000
Liberty Bank Middletown, CT
Liberty Bank Middletown, CT
9-Month CD special
4.51%
$500
Farmers Savings Bank Colesburg, IA
Farmers Savings Bank Colesburg, IA
19-Month CD special
4.45%
$25,000
EverBank
EverBank
18-Month CD
4.40%
$1,000
Farmers Savings Bank Colesburg, IA
Farmers Savings Bank Colesburg, IA
35-Month CD special
4.40%
$25,000
First Fidelity Bank Fort Payne, AL
First Fidelity Bank Fort Payne, AL
19-Month CD
4.32%
$1,000
First Southwest Bank
First Southwest Bank
COLTAF Checking
4.21%
$0
Pentagon Federal Credit Union
Pentagon Federal Credit Union
12-Month CD (Certificate)
4.20%
$1,000
Pentagon Federal Credit Union
Pentagon Federal Credit Union
24-Month CD (Certificate)
4.20%
$1,000
Pentagon Federal Credit Union
Pentagon Federal Credit Union
18-Month Money Market Certificate Special
4.20%
$500
United States Senate Federal Credit Union
United States Senate Federal Credit Union
60-Month CD (Certificate) Plus Jumbo
4.10%
$200,000
New Albin Savings Bank
New Albin Savings Bank
48-Month CD
4.06%
$1,000
Pentagon Federal Credit Union
Pentagon Federal Credit Union
36-Month CD (Certificate)
3.60%
$1,000
Pentagon Federal Credit Union
Pentagon Federal Credit Union
48-Month CD (Certificate)
3.50%
$1,000
Pentagon Federal Credit Union
Pentagon Federal Credit Union
60-Month CD (Certificate)
3.50%
$1,000
Hardin County SB
Hardin County SB
48-Month CD
3.50%
$10,000
Main Bank
Main Bank
24-Month CD
3.50%
$1,000
Pentagon Federal Credit Union
Pentagon Federal Credit Union
84-Month CD (Certificate)
3.40%
$1,000
Woodruff Federal S&L
Woodruff Federal S&L
12-Month CD
3.34%
$1,000
Union County Savings Bank Elizabeth, NJ
Union County Savings Bank Elizabeth, NJ
24-Month CD
3.20%
$500
First National Bank in Ord
First National Bank in Ord
18-Month CD Jumbo
3.03%
$100,000
Pentagon Federal Credit Union
Pentagon Federal Credit Union
Premium Online Savings
3.00%
$5
United Republic Bank
United Republic Bank
Business Money Market
3.00%
$5,000,000
Westbury Bank
Westbury Bank
36-Month CD
3.00%
$500
Vio Bank
Vio Bank
48-Month CD
2.75%
$500
FCNB of St. Paris
24-Month CD
2.75%
$1,000
Salem Co-operative Bank
Salem Co-operative Bank
60-Month CD
2.53%
$500
First National Bank of Steeleville
First National Bank of Steeleville
60-Month CD
2.50%
$500
Peru Federal Savings Bank
Peru Federal Savings Bank
48-Month CD
2.50%
$1,000
Centreville Bank
Centreville Bank
60-Month CD
2.25%
$1,000
Grand Timber Bank
Grand Timber Bank
18-Month CD
2.07%
$500
Pittsfield Co-operative Bank
Pittsfield Co-operative Bank
60-Month CD
2.00%
$500
Readlyn Savings Bank
Readlyn Savings Bank
48-Month CD
1.85%
$1,000
Home Savings Bank, FSB
Home Savings Bank, FSB
36-Month CD
1.66%
$500
The Bank of Glen Burnie
The Bank of Glen Burnie
48-Month CD
1.51%
$500
Warren-Boynton State Bank
Warren-Boynton State Bank
12-Month CD
1.51%
$1,000
Badger Bank
Badger Bank
24-Month CD
1.36%
$1,000
Security Bank of Southwest Missouri
Security Bank of Southwest Missouri
12-Month CD
1.26%
$1,000
North Easton SB
North Easton SB
48-Month CD
0.75%
$500
Napoleon State Bank
Napoleon State Bank
60-Month CD
0.75%
$500
Security FSB
Security FSB
12-Month CD
0.71%
$1,000
FNB of Elmer
FNB of Elmer
48-Month CD
0.50%
$500
Itasca Bank & Trust Co.
Itasca Bank & Trust Co.
Personal Money Market
0.45%
$1,000
Maine Community Bank
Maine Community Bank
60-Month CD
0.45%
$500
Adirondack Bank
Adirondack Bank
36-Month CD
0.40%
$1,000
Academic Employees Credit Union
Academic Employees Credit Union
36-Month CD
0.40%
$1,000
Fulton Savings Bank
Fulton Savings Bank
12-Month CD
0.25%
$500
Charter Bank IA
Charter Bank IA
Charter Interest Checking
0.20%
$100
Wolf River Community Bank
Wolf River Community Bank
Savings Account
0.10%
$100
Conneaut Savings Bank
Conneaut Savings Bank
Statement Savings Account relationship bonus
0.05%
$50
Mauch Chunk Trust Co.
Personal Checking Plus
0.05%
$0
Jewett City Savings Bank
Jewett City Savings Bank
Statement Savings Account
0.05%
$5
North Brookfield SB
North Brookfield SB
Statement Savings
0.05%
$25
Adirondack Bank
Adirondack Bank
Loyalty Savings
0.01%
$500
Abington Bank
Abington Bank
Get Real Savings
0.01%
$10
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 Pentagon Federal Credit Union Mortgage Rates with Lenders Rates for Fixed and Adjustable Mortgages

Lender
Product
Rate
APR
Points
El Reno RIL Credit Union
El Reno RIL Credit Union
10 Year Fixed
4.500%
4.666%
0.000
1st Northern California Credit Union
1st Northern California Credit Union
15-Year Fixed
5.625%
5.777%
0.500
1st Northern California Credit Union
1st Northern California Credit Union
15-Year Fixed Jumbo
5.750%
5.883%
0.500
Ukrainian Selfreliance Federal Credit Union
Ukrainian Selfreliance Federal Credit Union
7/7 AMR
5.875%
5.923%
0.000
Harleysville Bank
Harleysville Bank
15-Year Fixed
6.250%
6.271%
0.000
Wrentham Co-operative Bank
Wrentham Co-operative Bank
30-Year Fixed
6.375%
6.435%
0.000
Nuvision Federal Credit Union
Nuvision Federal Credit Union
30-Year Fixed
6.250%
6.436%
1.125
First Security B&T Co. IA
First Security B&T Co. IA
15-Year Fixed
6.250%
6.458%
0.000
Aberdeen Proving Ground FCU
Aberdeen Proving Ground FCU
15-Year Fixed
6.250%
6.496%
0.375
Rivertrust Federal Credit Union
Rivertrust Federal Credit Union
15 Year Fixed
6.500%
6.500%
0.000
Vystar Credit Union
Vystar Credit Union
30-Year Fixed Jumbo
6.500%
6.524%
0.000
Georgias Own Credit Union
Georgias Own Credit Union
5/5 ARM
5.875%
6.568%
0.000
FNB of River Falls
FNB of River Falls
30-Year Fixed
6.500%
6.573%
0.500
Northwest Community Bank
Northwest Community Bank
30-Year Fixed
6.500%
6.585%
0.000
A+ Federal Credit Union
A+ Federal Credit Union
20-Year Fixed Refinance
6.500%
6.586%
0.000
Teachers Federal Credit Union
Teachers Federal Credit Union
10-Year Fixed
6.500%
6.610%
0.500
Citizens Federal S&LA
Citizens Federal S&LA
10-Year Fixed
6.375%
6.635%
0.500
GreenLeaf Bank
GreenLeaf Bank
20-Year Fixed
6.625%
6.640%
0.000
Empower Federal Credit Union
Empower Federal Credit Union
30-Year Fixed
6.500%
6.645%
0.000
Credit Human Federal Credit Union
Credit Human Federal Credit Union
30-Year Fixed
6.600%
6.694%
0.000
Harleysville Bank
Harleysville Bank
30-Year Fixed
6.750%
6.763%
0.000
Wells Fargo
Wells Fargo
15-Year Fixed Jumbo
6.625%
6.811%
1.000
Fox Valley Savings Bank
Fox Valley Savings Bank
20-Year Fixed
6.625%
6.819%
0.000
Achieva Credit Union
Achieva Credit Union
30-Year Fixed (FMNA)
6.750%
6.840%
0.000
First Northern Bank and Trust Company
First Northern Bank and Trust Company
30-Year Fixed
6.750%
6.850%
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.

Compare Pentagon Federal Credit Union Credit Cards with Other Competitive Bank and Credit Union Credit Cards

Institution
Product
APR
Notes
Suncoast Credit Union
Suncoast Credit Union
Rewards Platinum VISA
12.500%
Credit Limit - $500 - $50,000
ACFCU
ACFCU
Max Cash Secure Card Visa
29.990%
Make improving your credit score4 even more rewarding with up to 5% cash back in 2 categories you choose
America First Federal Credit Union
America First Federal Credit Union
Platinum Low Rate VISA
12.240%
Low Rate Platinum Card
Aberdeen Proving Ground FCU
Aberdeen Proving Ground FCU
Visa Platinum Clarity
15.990%
1st Midamerica Credit Union
1st Midamerica Credit Union
Platinum Rewards
8.900% - 13.900%
Based upon credit worthiness.
Aberdeen Proving Ground FCU
Aberdeen Proving Ground FCU
Visa Cash Back
16.490% - 17.990%
America First Federal Credit Union
America First Federal Credit Union
PLATINUM REWARDS VISA
14.740%
SchoolsFirst Federal Credit Union
SchoolsFirst Federal Credit Union
Share-Secured Mastercard
13.900%
Maximum Loan Amount Up to $5,000.00
Academic Federal Credit Union
Academic Federal Credit Union
Academic FCU VISA® Secured Card
10.900% - 15.400%
No annual fee, no cash advance fee, rewards program.
1st Valley Credit Union
1st Valley Credit Union
Platinum Visa
8.750%
University First Federal Credit Union
University First Federal Credit Union
Visa Business Rewards Card
15.240%
The Golden 1 Credit Union
The Golden 1 Credit Union
Member First VISA
15.040%
No balance transfer fees or annual fees.
Marcus Bank
Marcus Bank
GM Extended Family™ Mastercard®
20.240% - 29.990%
0% Intro purchase APR for first 9 months
ACFCU
ACFCU
Platinum Card Visa
18.240% - 29.240%
Platinum: 0% introductory APR for the first 18 billing cycles. After that, 18.24% to 29.24% based on your creditworthiness when you open your account.
First Technology Federal Credit Union
First Technology Federal Credit Union
Platinum Secured Mastercard
14.250%
Achieve Financial Credit Union
Achieve Financial Credit Union
Visa Balance Transfer
8.990%
The balance transfer rate is good only on balances transferred from non-Achieve credit cards.
ACFCU
ACFCU
Travel Rewards+ Card Visa
19.740% - 29.740%
Earn 4x unlimited points on travel and more, plus receive a $250 bonus.
BECU Boeing Employees Credit Union
BECU Boeing Employees Credit Union
BECU Cash Back Visa
16.240% - 27.240%
Aberdeen Proving Ground FCU
Aberdeen Proving Ground FCU
Classroom Supply Visa
8.500%
The Golden 1 Credit Union
The Golden 1 Credit Union
Member Rate Advantage VISA
13.040% - 19.040%
No balance transfer fees or annual fees.
SchoolsFirst Federal Credit Union
SchoolsFirst Federal Credit Union
Rewards Mastercard
15.000% - 17.900%
Maximum Loan Amount Up to $35,000.00
Academic Federal Credit Union
Academic Federal Credit Union
Academic VISA® Gold
15.400%
First Technology Federal Credit Union
First Technology Federal Credit Union
Platinum Mastercard
12.240%
1st Valley Credit Union
1st Valley Credit Union
Platinum Secured Visa
8.750%
Aaec Credit Union
Aaec Credit Union
VISA Credit Card
11.900%
No annual fee
Show More

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

Compare Pentagon Federal Credit Union Personal Loans with Other Competitive Bank and Credit Union Personal Loans

Institution
Product
APR
Loan Amt
Loan Term Months
1st Valley Credit Union
1st Valley Credit Union
AMP Loan
10.500%
$0
Access Of Louisiana Federal Credit Union
Access Of Louisiana Federal Credit Union
Personal Loan
9.200% - 17.950%
$0 - $100
12 - 24
ACMG Federal Credit Union
ACMG Federal Credit Union
Personal Loans
8.990%
$0
36
Aaec Credit Union
Aaec Credit Union
Bill Consolidation Loan
8.990%
$0
60
First Technology Federal Credit Union
First Technology Federal Credit Union
Personal Fixed-Rate Loan
9.290% - 14.090%
$500 - $35,000
24 - 84
Abco Federal Credit Union
Abco Federal Credit Union
Personal Loans
10.490%
$0
Aac Credit Union
Aac Credit Union
Personal Loans Share Secured
5.990%
$0
48
Access Community Credit Union
Access Community Credit Union
Debt Consolidation
13.990%
$0
1 - 72
ACFCU
ACFCU
Personal Loans
13.450%
$0
60
Act 1st Federal Credit Union
Act 1st Federal Credit Union
Signature Loan
10.000%
$0
12 - 12
1st Northern California Credit Union
1st Northern California Credit Union
1st Line of Credit
9.900%
$0
Randolph Brooks FCU
Randolph Brooks FCU
Personal Line of Credit
12.950% - 18.000%
$0
360 Federal Credit Union
360 Federal Credit Union
Anything Loan
10.990%
$500
36
1st University Credit Union
1st University Credit Union
Unsecured Signature Loan
10.250%
$0
25 - 36
America First Federal Credit Union
America First Federal Credit Union
Personal Loan
12.990%
$0
12
America First Federal Credit Union
America First Federal Credit Union
Line of Credit Variable
16.740%
$0
University First Federal Credit Union
University First Federal Credit Union
Personal Loans
13.490%
$0 - $5,000
48 - 48
Accentra Credit Union
Accentra Credit Union
Personal Loan
11.760%
$0
A H E Plant 3 Federal Credit Union
A H E Plant 3 Federal Credit Union
Loan Specials
8.500%
$0 - $6,000
42
ACFCU
ACFCU
Gold Star Loan
14.200%
$0
48
Advantage Credit Union Newtown, IA
Advantage Credit Union Newtown, IA
Personal Loans
13.700%
$2,500 - $5,000
36 - 36
InFirst Bank
InFirst Bank
Personal Loan
13.000% - 13.200%
$1,500 - $15,000
24 - 24
1st Valley Credit Union
1st Valley Credit Union
Next Step Loan
10.500%
$0
Vystar Credit Union
Vystar Credit Union
Personal Loans
11.000%
$0
37 - 60
802 Credit Union
802 Credit Union
Personal/Signature
10.990%
$0
24 - 36
Show More

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

Pentagon Federal Credit Union Information

Credit Union Name: Pentagon Federal Credit Union
Full Time Employees: 3148
Part Time Employees: 49
President: Edward Cody
CEO: James Schenck
Branch Locations: 46
ATM Locations: 47
Corporate Office Address:
7940 JONES BRANCH DR
McLean, VA 22102
Phone Number: 571-341-6706
Fax Number: 571-341-6727

Pentagon Federal Credit Union Financials

Total Assets:
35,359,569,022
Total Amount of Shares and Deposits:
28,872,741,315
Total Shares and Deposits < 1 Year:
22,393,939,877
Total Shares and Deposits 1 3 Years:
4,916,055,377
Total Shares and Deposits > 3 Years:
1,562,746,061
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E):
4,528,079,726
Total Uninsured Shares and Deposits > $250K (F+J):
4,528,079,726
Total Insured Shares and Deposits > $250K (item 17 less item K):
24,344,661,589
Total Interest Expense (Sum of items 6 8):
562,237,365
Share Certificates:
357,075
Number of Accounts for Share Drafts:
458,040
IRA KEOGH Accounts:
117,715
Number of Accounts for Regular Shares:
3,139,870
Non Member Deposits:
39
Money Market Shares:
88,675
Total Cash on Deposit (Amounts Deposited in Financial Institutions):
688,121,333
Total Liabilities:
32,284,850,034
Show More

Pentagon Federal Credit Union Questions and Answers

No Cost Share Drafts:
Yes
Share Certificates with Low Minimum Balance Requirements:
Yes
Is Financial Counseling Offered?:
No
Financial Education offered for Members?:
Yes
Are financial literacy Workshops offered?:
No
Is there a first time homebuyer program?:
Yes
Credit management and repair offered?:
No
Online Financial Literacy?:
No
Bilingual Services:
1
No Cost Bill Payer:
Yes
Credit Builder:
1
Mortgage Processing:
Yes
Approved Mortgage Seller?:
Yes
Brokered Certificates of Deposits:
1
payment:
Yes
Are low cost wire transfers available?:
Yes
Member Application:
Yes
Are New Loans Available:
Yes
New Share Account:
Yes
Are online loan payments available:
Yes
Online Bill Payment Allowed?:
Yes
Can I download my account history?:
Yes
Electronic Signature Authentication Certification:
Yes
Can I get my bank statements online?:
Yes
External Account Transfers Allowed:
Yes
Remote Deposit Allowed:
Yes
Are Mobile Payments Avilable?:
Yes
Show More
Source: NCUA

Pentagon Federal Credit Union (PenFed) CD Rates

Pentagon Federal Credit Union (PenFed) CD RatesPentagon Federal Credit Union (PenFed) CD rates are in the top 5 CD rates available on our rate table. Current 1 year CD rates at Pentagon Federal Credit Union are at 2.76 percent with an APY of 2.80 percent. 6 month CD rates from PenFed are the highest on our 6 month rate list at 2.39 percent with an APY of 2.40 percent. You have to be a member to open an account and the minimum opening balance is $1,000. Compare Pentagon Federal Credit Union CD rates with other rates here.     Read more...

Brand New High for 12 Month CD Rates in 2017

12 Month CD ratesWe just reached a new milestone for 12 Month CD rates in 2017 as rates continue to inch higher. Crestmark Bank is now offering 12 Month CD rates at 1.80 percent. Just about two months ago, we reported a new high for 1 year CD rates at 1.70 percent. That new high was also from CrestMark Bank. You can read about that post Crestmark Bank Best Rate 1.70%.The uptrend for CD rates will continue for the rest of this year and into at least 2018 and it may last even longer if the economy doesn't fall into a recession. The Federal Open Market Committee meets this month and will more than likely increase the fed funds rate by 25 basis points.Another fed funds rate increase will put additional upward pressure on short term interest rates. 1 year CD rates could therefore hit 1.90 percent this month and 2.00 percent sometime early in 2018. Back in early October, we forecast 1 year CD rates hitting 2.00 percent as a result of another fed funds rate increase.     Read more...

Top 2 Year CD Rate Now at 1.70 Percent

The top CD rates continue to move higher as the best 2 year CD rate hits 1.70 percent this week. 2 year CD rates at Connexus Credit Union take the top spot this week at 1.69 percent with a yield of 1.70 percent. Connexus has the best rate this week but two banks are right on the credit union's tail.

Northern Bank Direct, EverBank, and Popular Direct have the second best 2 year rate this week at 1.64 percent with a yield of 1.65 percent. We have another three-way tie for third place, My e-BAnC by BAC Florida Bank, TAB Bank, and VirtualBank all have a current 2 year rate of 1.61 percent with a yield of 1.62 percent.

Not only are the top rates moving higher this week, average 2 year CD rates are also higher. The current average 2 year CD rate is at 1.50 percent, up from last week's average 2 year rate of 1.47 percent. Listed below are the top ten 2 year CD rates for the week ending April 15, 2017.

Best 2 Year CD Rates

  1. Connexus CU - Rate 1.69% Yield 1.70%
  2. Northern Bank Direct - Rate 1.64% Yield 1.65% (tied for 2nd place)
  3. Popular Direct - Rate 1.64% Yield 1.65% (tied for 2nd place)
  4. TAB Bank - Rate 1.60% Yield 1.61% (tied for 3rd place)
  5. My e-BAnC by BAC Florida Bank - Rate 1.60% Yield 1.61% (tied for 3rd place)
  6. VirtualBank - Rate 1.60% Yield 1.61% (tied for 3rd place)
  7. Banesco USA - Rate 1.60% Yield 1.60%
  8. Capital One Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
  9. Synchrony Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
  10. M.Y. Safra Bank, FSB - Rate 1.59% Yield 1.60% (tied for 5th place)
  11. iGObanking.com - Rate 1.59% Yield 1.60% (tied for 5th place)
  12. Congressional Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
  13. iGObanking.com - Rate 1.59% Yield 1.60% (tied for 5th place)
  14. First Internet Bank of Indiana - Rate 1.56% Yield 1.57%
  15. CD Bank - Rate 1.55% Yield 1.56%
  16. Nationwide Bank - Rate 1.50% Yield 1.51% (tied for 8th place)
  17. Pentagon Federal Credit Union - Rate 1.50% Yield 1.51% (tied for 8th place)
  18. PurePoint Financial - Rate 1.49% Yield 1.50% (tied for 9th place)
  19. Home Savings Bank - Rate 1.49% Yield 1.50% (tied for 9th place)
  20. Live Oak Bank - Rate 1.49% Yield 1.50% (tied for 9th place)
  21. GS Bank - Rate 1.44% Yield 1.45%
    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...

CD Rates Slowly Inch Higher as Fed Meets This Week

CD rates are slowly inching higher and will continue to move higher in the coming months. A more immediate impact that will force CD rates higher is the Federal Open Market Committee increasing rates. The FOMC meets this week to decide on monetary policy and is widely expected to increase the fed funds rate by 25 basis points.

The CME Group's FedWatch Tool has a 97.2 percent probability that the Fed will increase the rate to a range of 0.50 percent to 0.75 percent. The last time the Fed increase the rate was December 2015 when the rate was increased to a range of 0.25 percent to 0.50 percent.

Several banks already increased CD rates on short term certificates of deposit recently, likely in anticipation of a Fed rate hike. The highest CD rates on 1 year certificates of deposit are approaching 1.50 percent and may hit 1.50 percent after the expected rate hike.

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This Past Week's CD Rate Changes

Eight banks and one credit union in our database changed some of their CD rates this past week. Most of the CD rate changes were higher, which was nice to see. EverBank CD rates were changed more than once this past week, the most recent changes are at the top of the rate list below.

There is some good news regarding bank CD rates possibly moving higher in the near future. Despite September's employment numbers being slightly weaker than expected, CNBC reported the probability of a fed rate hike moved higher this morning. CNBC is basing their report on the CME Group's FedWatch Tool. The tool is used to track the market's expectation of a rate hike. Before the employment report, the probability of a December rate hike was at 63.9 percent. After Friday's report was released, it moved up to 70.2 percent.

If there is a December rate hike, it will most likely be 25 basis points. This hike might entice banks to increase their short term and intermediate term CD rates. If there is a rate hike, we won't see all banks and credit union increase their CD rates. It's likely that some online banks with the highest current CD rates will increase their rates.

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Recent CD Rate Changes Are Mostly Lower

Bond yields across the globe have tumbled since U.K. voters voted yes to leave the European Union. Yields on German and Japanese bonds are negative, so investors are paying to hold those bonds instead of receiving interest. This week, long term U.S. bonds hit new record lows. 30 year yields have fallen to 2.09 percent and 10 year yields fell to 1.34 percent.

While there isn't a direct link between bond yields and CD rates, banks are taking a cue from lower bond yields to lower CD rates and other deposit rates. The majority of recent CD rate changes have been lower. Another factor that will keep downward pressure on deposit rates is the Fed deciding to not increase the fed funds rate.

The U.K. vote to leave the European Union has created so much uncertainty, it's very unlikely the Fed will increase the fed funds rate anytime in 2016. This is bad news for savers because there is a direct correlation between the fed funds rate and deposit rates.

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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
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CD Rate Changes this Past Week - Top 1 Year CD Rate Lowered 10 BPS

We now have six banks tied for the top 1 year CD rate. Several banks increased their CD rates recently as we wait for the Fed to increase rates, possibly as soon as next week.California First National Bank was the highest bank rate last week but now CFNB's 1 year rate is tied with 6 other banks for the top rate of 1.24. The highest 1 year rate from a credit union in the rate database is slightly higher at 1.32 percent with an APY of 1.33 percent.Listed below are CD rate changes from this past week.     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.

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1.30% APY - This Week's Top 1 Year Rate

The Federal Open Market Committee meets in just over a week to decide on interest rates. August job's report, released last Friday, showed the labor market continuing to improve, adding pressure to the Fed to increase the fed funds rates.Whether or not the FOMC actually increases the fed funds rate is still up in the air. We hope the fed funds rate is increased 0.25 percent, so banks with the best rates will also increase their rates 0.25 percent. A few banks did change their rates this past week but there are no new high rates to report.The changes in rates are listed below along with the best CD rates currently available.     Read more...

CD Rate Report June 2, 2015: Best 6 Month CD Rate at 1.00 Percent

A couple of banks increased their CD rates this past week. California First National Bank increased their 6 month CD rate from 0.85 percent to 0.95 percent, putting them in second place in our 6 month rate database. CIT Bank increased their 2 year CD rate from 1.35 percent to 1.40 percent.These increases were small and we won't see any major increases in deposit rates until the Federal Open Market Committee increases their key benchmark interest rate. There is a slight chance the FOMC might increase the rate during their June meeting (June 16th and 17th).If a rate increase doesn't happen this month, July will be the next target for an increase. The FOMC will meet again on July 28th and July 29th to discuss monetary policy. May and June's employment reports will be driving factors on whether or not the rate is increased.     Read more...

Highest Short Term CD Rates: Best 2 Month CD Rate at 0.80 Percent

By now you must have heard the news that the Federal Reserve will increase their key-benchmark interest rate in 2015. When the federal funds rate is increased, CD rates and other bank rates will also increase. Higher rates is good news but you should position your CD investments for higher rates.If you have any certificate of deposit accounts maturing over the next 6 months you should invest in shorter term CDs. This is especially true for long term CD accounts maturing, most banks will automatically roll over your CD into another long term CD.So pay attention to the maturity dates, the last thing you want to do is lock into another 5 year CD at 2.50 percent. You'll have to either watch rates move above the low rate you locked-in or pay an early withdrawal penalty. By the end of 2015, or by early 2016, 1 year CD rates will probably be at 2.50 percent.     Read more...

CD Rate Report May 12, 2015

Listed below are this week's CD rates for certificate of deposit terms ranging between 1 month and 5 years. There have been slight functions in rates offered by banks and credit unions this week. We will have to wait until the FOMC increases the fed funds rate for bigger changes in rates. Also listed below are this week's average CD rates, derived from the CD rate database.

May 12, 2015 CD Rate Report

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Synchrony Bank Increases 1 Year CD Rates to 1.23%

Synchrony Bank has increased their 1 year rates and now the bank has the second best 1 year bank CD rate on our list. The new 1 year CD rate at Synchrony Bank is at 1.22 percent with an APY of 1.23 percent. The old rate was at 1.19 percent with an APY of 1.20 percent.Following is a list of the top 21 rates for 1 year certificates of deposit at 1 percent or higher. You can also search for rates for all certificate of deposit terms by using our database: CD Rates1 Year CD Rates April 7, 2015:     Read more...

Highest 1 Year Bank Certificate of Deposit Rate Increased to 1.20% APY

Synchrony Bank is the latest bank to increase certificate of deposit rates before the expected 2015 fed funds rate increase by the Federal Reserve. Synchrony Bank has increased their 1 year CD rate to 1.19 percent with an APY of 1.20 percent. This rate is now the highest 1 year rate from a bank in our database.You can find a list of 1 year rates here: Best CD RatesBank Direct had the top 1 year rate for over a month at 1.16 percent with an APY of 1.17 percent. The highest 1 year rate in our database offered by a credit union is even higher at 1.30 percent with an APY of 1.30 percent. Connexus Credit Union is offering that top overall 1 year rate.     Read more...

Certificate of Deposit Rates are Stable as Bond Yields Drop

As equity markets tank and oil continues to drop, rates on certificates of deposit are stable  in 2015. The uncertainty in the markets is driving the classic investor flight to quality as investors rush to buy U.S. Treasuries, forcing yields lower. 10 year bond yields are under 2.00 percent and traded as low as 1.89 percent today. Last month 10 year bond yields were as high as 2.25 percent.CD rates on 1 year certificates of deposit are averaging 0.99 percent this week, unchanged from last week's average 1 year CD rate. The average rate on 1 year CDs has been in the current range for the past 6 months. The best CD rates on 1 year CDs has increased about 15 basis points during that time. The best 1 year rate this week in the rate database remains at 1.16 percent with an APY of 1.17 percent.2 year certificate of deposit rates are averaging 1.20 percent this week, also unchanged from last week's average 2 year rate. The highest 2 year rate available in the database is at 1.39 percent with an APY of 1.40 percent. 2 year rates have also increased the past 6 months as banks and credit unions look to lock in deposits at these current low rates.     Read more...

Average Certificate of Deposit Rates First Week of 2015

Average 5 year certificate of deposit rates increased to 1.83 percent, up 1 basis point from last week's average rate. The current average 1 year rate is at 0.99 percent and the average 2 year rate is at 1.20 percent. The best 1, 2 and 5 year rates on our rate tables also remained unchanged this week. You can view a list of the best CD rates below.Average Certificate of Deposit Rates First Week of 20152015 is the year that rates overall will finally be moving higher after a six years of declining rates. Before there are across the board increases, the Federal Reserve has to increase the federal funds rate. Forecasts for exactly when the Fed will increase the rate in 2015 varies but as the year progresses it will be more and more likely.The rate will most likely be increased sometime during the first 6 months of this year. It's most likely to be right after the Federal Open Market Committee's meeting scheduled for June 16 and  17. If growth remains strong, unemployment drops much further or if inflation becomes a concern, the rate could be increased as soon as the April meeting.     Read more...

Certificate of Deposit Rates End 2014 on a High Note and Will Move Higher in 2015

Banks are gearing up for a higher federal funds rate in 2015 by increasing certificate of deposit rates now. We have been reporting on the increase in CD rates the past several months as banks slowly upped their rates. The increases are nominal and will continue to be so until the fed funds rate is increased.The best 1 year certificate of deposit rate this week remains the same at 1.16 percent with an APY of 1.17 percent from Bank Direct. More banks have increased their rates but a new high hasn't been made on the 1 year certificate of deposit rate list this week.Sallie Mae Bank recently increased their 1 year certificate of deposit rate to 1.14 percent with an APY of 1.15 percent. That rate ties them for the second best rate with CIT Bank and My e-BAnC by BAC Florida Bank. Pentagon Federal Credit Union also recently increased their 1 year certificate rate to 1.10 percent with an APY of 1.11 percent.     Read more...

1 Year Certificate of Deposit Rates Remain Stable as Inflation Posts Biggest Drop in 6 Years

U.S. consumer inflation fell by the largest amount in 6 years but that won't change the Federal Reserve's timeline for increasing interest rates. This is good news for certificate of deposit rates and other bank rates, which are expected to move higher sometime in 2015.The Labor Department reported on Wednesday that its Consumer Price Index (CPI) fell 0.3 percent in November, the largest decline since December 2008. The biggest factor in the decline in the CPI was lower gas prices. Removing food and energy prices from the index, the core CPI edged up 0.1 percent in November. The past 12 months through November, the core CPI rose 1.7 percent, remaining below the Federal Reserve's long term target of 2.00 percent.The Federal Open Market Committee wraps up their two day meeting today but there is no chance they will announce a change in interest rates. They are expected to remove their language of keeping interest rates low for a "considerable time." This is the final change that will probably take place before they increase the federal funds rate.     Read more...

Certificate of Deposit Rates Move Higher as the FOMC is Scheduled to Meet This Week

Banks and credit unions continue to increase certificate of deposit rates this past week. Once again, the rate increases are small since any larger increases will have to wait until the Federal Open Market Committee increases the federal funds rate. The FOMC's next meeting is scheduled for December 16 and 17.There is talk that the FOMC might drop the "considerable time" language on keeping interest rates low. Since the financial crisis and recession 6 years ago, the FOMC has used the language to send signals to the markets that they were in no hurry to increase the federal funds rate.Omitting the language is the last step the FOMC will take before actually increasing the fed funds rate. When the fed funds rate is increased, financial institutions will quickly increase deposit account rates. The FOMC is expected to increase the rate sometime in 2015. The soonest the rate will increase will likely be during the June meeting and the latest the rate will be increased is in the December meeting.     Read more...

CD Rates Move Higher This Week, Average 1 Year Rates Now at 1.00 Percent

CD rates are on the move again this week as banks and credit unions increase rates. Higher CD rates have driven average 1 year CD rates above 1.00 percent last week, which is the highest for average 1 year rates in several years. Average 1 year rates fell 1 basis point to 1.00 percent this week but the average rate will move higher in the coming weeks and months.CD Rates Move Higher Again This Week Average 1 Year Rates Now at 100 PercentIn the rate database for 1 year certificates of deposit there are now 18 banks and credit unions offering 1 year rate at or above 1.00 percent. The best 1 year CD rate this week is from a credit union, Pentagon Federal Credit Union (PenFed), at 1.20 percent with an APY of 1.21 percent. The top rate from a bank for a 1 year CD is from CIT Bank at 1.11 percent with an APY of 1.12 percent.Listed below are the best CD rates for certificate of deposit terms ranging from 6 months to 5 years.     Read more...

Bank CD Rates for Monday March 24, 2014

Listed below are the top certificate of deposit rates for CD terms ranging between 3 months and 5 years.3 Month CD Rates

Competitive CD Rates from Ally Bank

Over the next several years, CD rates and all interest rates are moving higher so we have recommended staying invested in shorter term CD accounts to take advantage of higher rates when they do finally come. Ally Bank offers a couple of CD products (see below) that allow you to lock into a rate higher than most variable rate accounts yet still have the flexibility to take advantage of higher rates.Opening a CD account with Ally Bank is done online since they are a "branch free" bank. Opening an account is easy to do and you can call the bank at 1-877-247-ALLY(2559) anytime day or night to speak to a representative. You can also email Ally Bank at customercare@allybank.com with any questions you may have. Like most banks these days, Ally Bank also offers a mobile app you can use to do all of your banking with Ally.

Ally Bank 1 Year CD Rates Higher at 0.99 Percent

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Top 1 Year CD Rates Now at 1.15%

Now is a good time to lighten up on your equity holdings if you haven't already. The Dow is down another 300 points today due to a weak economic manufacturing report. Equity prices are lower on the news and investors are fleeing into the safety of U.S. Treasuries, sending 10 year bond yields down another 9 basis points to 2.58 percent.Equity prices and bond prices are moving lower and CD rates have moved slightly higher this past week. Reporting on higher CD rates is a nice change from the past 5 years when rates were going down.  Some banks and credit unions are increasing their CD rates but overall, rates won't move much higher from current levels until the Federal Reserve increases the fed funds rate.

Average CD RatesBest 1 Year CD Rates at 1.15% APY 1.16%

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Explore Other Rate Deals

Fifth Third Bank is offering a 30-year mortgage with an annual percentage rate (APR) of 4.625 percent and an annual percentage yield of (APY) 4.714 percent.
Mortgage rates are lower today as lenders ease rates. Mortgage interest rates today on 30 year mortgages are averaging 3.97%, down from yesterday’s average 30 year mortgage rate of 3.98%. Mortgage interest rates on 15 year home loans are averaging 3.30%, down from yesterday’s average 15 year mortgage rate of 3.31%. 
Current savings account rates and money market rates are still near record lows as we head into the new year. 2013 ends another year of very low deposit rates. Interest rates have been low for over 5 years now, ever since the financial crisis and "Great Recession." The question we hear all the time is when we can expect deposit rates to move higher.

Bank or Credit Union Offers and Deals

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Home Mortgage Rates and Current Refinance Mortgage Rates: 30 Year Mortgage Rates at 4.26%, 15 Year Mortgage Rates at 3.65%
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Alternative Bank and Credit Union Offers to Explore

CD Rates May 31: Average CD Rates Continue to Decline
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