If you happen to take a second glance at your $20 bill this Presidents’ Day and wonder how it is that Andrew Jackson is staring back at you, you may want to brush up on your knowledge of presidents on the money.
If instead you are looking to save rather than spend your spare cash, be warned that the certificates of deposit are in a major rut. Average yields have been declining week after week, but there are still some outliers that could serve your savings well. Check out the accounts below to see if there’s a great rate at a bank or credit union near you. You may also want to reference our list of notable online bank CDs. They often have smaller or no minimums, and many offer other bonus perks.
|Length of Term (months)||Average Promo APY||Average Reg. APY|
CD rates that beat the average
|Tulsa Teachers CU||OK||6 months||0.80%||Min $1,000|
|Customers Bank||PA||11 months||0.80%||Min $500|
|CapitalSource Bank||CA||9 months||0.70%||Min $1,000|
1-2 year CDs
|Texar FCU||TX||1 year||1.50%||Online Only; Min $1,000|
|Labor Management FCU||KY||2 years||1.25%||Min $1,000|
|Platinum FCU||GA||2 years||1.00%||Min $1,000|
3+ year CDs
|Encompass CU||IN||5 years||2.53%||Min $500|
|Idaho Central CU||ID||5 years||2.15%||Min $500|
|Charles Street Community FCU||IN||4 years||2.07%||Min $500|
Banking image via shutterstock