There were no changes to the highest CD rates available in our database this week. Financial institutions are probably holding tight on rates to see if the Federal Reserve increases the fed funds rates next month. An increase was more than likely but the recent equity market declines have made an increase less likely.
If an increase doesn't happen in September, there is still a chance a rate increase will happen this year. After September's meeting, there are two more meetings in October and December. The CME Group has a FedWatch Tool which you can use to quickly gauge the market’s expectations of potential changes to the Fed Funds target rate.
As of August 28, the FedWatch has market's expectation of a rate hike in September at 24 percent, a rate hike happening in October at 34 percent, and a hike in December at 52 percent.
Listed below are the highest rates in the database for August 28, 2015.
Best CD Rates Available August 28, 2015
2 Month Rates/Yields
- MyCBB 0.80% Yield 0.80%
- E-Loan 0.16% Yield 0.16%
- Loan Star Bank 0.15% Yield 0.15%
- Virtual Bank 0.15% Yield 0.15%
3 Month Rates/Yields
- EverBank 0.55% Yield 0.55%
- California First National Bank 055% Yield 0.55%
- First Internet Bank of Indiana 0.45% Yield 0.45%
- AloStar Bank of Commerce 0.40% Yield 0.40%
- Goldwater Bank 0.40% Yield 0.40%
- Virtual Bank 0.40% Yield 0.40%
- Discover Bank 0.35% Yield 0.35%
- Nordstrom Bank 0.35% Yield 0.35%
6 Month Rates/Yields
- California First National Bank 0.85% Yield 0.85%
- MyCBB 0.85% Yield 0.85%
- EH National Bank 0.80% Yield 0.80%
- My e-BAnC by BAC Florida Bank 0.80% Yield 0.80%
- AloStar Bank of Commerce 0.80% APY 0.80%
- ableBanking, a division of Northeast Bank 0.80% Yield 0.80%
- Silvergate Bank 0.75% Yield 0.75%
- Chartway Federal Credit Union 0.75% Yield 0.75%
9 Month Interest Rates/Yields
- New Dominion Bank 0.89% Yield 0.90%
- AloStar Bank of Commerce 0.80% Yield 0.80%
- giantbank.com 0.70% Yield 0.70%
- Discover Bank 0.70% Yield 0.70%
- GE Capital Bank 0.70% Yield 0.70%
- Virtual Bank 0.70% Yield 0.70%
1 Year Interest Rates/Yields
- E-Loan 1.29% Yield 1.30%
- CIT Bank 1.24% Yield 1.25%
- Synchrony Bank 1.24% Yield 1.25%
- Sallie Mae Bank 1.24% Yield 1.25%
- Bank Direct 1.20% Yield 1.21%
- AloStar Bank of Commerce 1.20% Yield 1.21%
- My e-BAnC by BAC Florida Bank 1.20% Yield 1.21%
- Colorado Federal Savings Bank 1.19% Yield 1.20%
- Home Savings Bank 1.19% Yield 1.20%
18 Month Interest Rates/Yields
- E-Loan 1.34% Yield 1.35%
- Synchrony Bank 1.24% Yield 1.25%
- Nordstrom Bank 1.24% Yield 1.25%
- AloStar Bank of Commerce 1.20% Yield 1.21%
- Virtual Bank 1.20% Yield 1.21%
- My e-BAnC by BAC Florida Bank 1.20% Yield 1.21%
2 Year Interest Rates/Yields
- E-Loan 1.51% Yield 1.52%
- Silvergate Bank 1.45% APY 1.46%
- Synchrony Bank 1.44% Yield 1.45%
- PenFed Rate 1.40% Yield 1.41%
- CIT Bank Rate 1.39% Yield 1.40%
- AloStar Bank of Commerce Rate 1.39% Yield 1.40%
3 Year Interest Rates/Yields
- E-Loan 1.83% Yield 1.85%
- Silvergate Bank 1.65% Yield 1.66%
- Sallie Mae 1.59% Yield 1.60%
- Capital One 360 1.59% Yield 1.60%
- California First National Bank 1.54% Yield 1.55%
- First Internet Bank of Indiana 1.50% Yield 1.51%
- Synchrony Bank 1.49% Yield 1.50%
- Lone Star Bank 1.49% Yield 1.50%
- AloStar Bank of Commerce 1.48% Yield 1.50%
4 Year Interest Rates/Yields
- EverBank 1.85% Yield 1.87%
- Nationwide Bank 1.84% Yield 1.86%
- CIT Bank 1.80% Yield 1.82%
- Virtual Bank 1.77% Yield 1.78%
- First Internet Bank of Indiana 1.75% Yield 1.76%
- Discover Bank 1.74% Yield 1.76%
- Synchrony Bank 1.73% Yield 1.75%
5 Year Interest Rates/Yields
- E-Loan 2.42% Yield 2.45%
- Synchrony Bank 2.23% Yield 2.25%
- Everbank 2.23% Yield 2.25%
- First Internet Bank of Indiana 2.15% Yield 2.17%
Average CD Rates August 20 - 2015Average CD Rates August 20, 2015
3 Month Average CD Rate 0.26% (up 0.01%)
6 Month Average CD Rate 0.58% (unchanged)
12 Month Average CD Rate 1.06% (down 0.01%)
24 Month Average CD Rate 1.16% (up 0.04%)
60 Month Average CD Rate 1.77% (unchanged)
You can always find the most current online CD interest rates by searching the database of rates at MonitorBankRates
