Deposit Diary Daily #31
Best Nationally Available CDs (June 20, 2024)
Although INOVA Federal Credit Union substantially lowered the rates on its 6-month and 14-month Certificates, its new 5-month Certificate offers a 5.55% APY, the current rate leader for nationally available 5-9 month Certificates.
There were eight rate increases on CDs from Greenwood Credit Union (2), Crescent Bank (2), and The Federal Savings Bank (4), with the most notable new rate being the 5.50% APY offered on the Greenwood CU 9-month Certificate.
The highest-rate nationally available CDs from banks and credit unions as of June 20, 2024 are listed below.
5-9 Month CDs
INOVA Federal Credit Union • 5.55% ($200) • 5-month Certificate
TotalDirectBank • 5.51% ($25k) • 6-month Certificate of Deposit
1-Year CDs
State Bank of Texas • 5.50% ($100k) • 5.40% ($50k) • High-Rate 12-month CD
GTE Financial • 5.38% ($100k) • 12-month Jumbo Share Certificate
18-month CDs
State Department Federal Credit Union • 5.41% ($100k) • 5.20% ($500) • 15-months Jumbo Share Certificate
M.Y. Safra Bank • 5.10% ($500) • 18-month MYSB Direct Online CD
2-Year CDs
Notre Dame Federal Credit Union • 5.25% (no min) • 24-month Special Standard Certificate
ableBanking • 4.95% ($5k) • 2-year CD
3-Year CDs
DollarSavingsDirect • 5.00% ($1k) • 36-month Term Certificate of Deposit
Vibrant Credit Union • 5.00% ($5) • 30-month CD
4-Year CDs
BOM Alto • 4.70% (no min) • 48-month Online CD
Credit Human • 4.65% ($500) • 36-59 month Share Certificate
5-Year CDs
BOM Alto • 4.80% (no min) • 60-month Online CD
Advancial • 4.68% ($50k) • 5-years Jumbo Certificate
Over 5-Year CDs
Department of Commerce Federal Credit Union • 4.44% ($25k) • 4.34% ($500) • 60-84 Month Share Certificate
First National Bank of America • 4.30% ($1k) • 72-months Time Certificate of Deposit
The attached spreadsheet shows the top ten nationally available CDs (five from banks/five from credit union). The links go directly to each financial institution’s rate page. The spreadsheet also lists 10 CDs from the June 13 survey have been removed because of either a rate decrease or an uncompetitive rate.
