Tuesday (12/23) News and Notes

CD rates saw a big decrease over the last week.  Some rates saw drops from 4.50% to 4.00% APY.  These are some of the biggest decreases I’ve seen in the past couple years.

In case you’re wondering, here are the CD rate averages –

• 3 month - 1.80% APY
• 6 month - 2.36% APY
• 1 year - 2.85% APY
• 18 month - 3.10% APY
• 2 year - 3.00% APY
• 3 year - 3.05% APY
• 5 year - 3.11% APY

A few new banks were also added to the mix this week –

• MetLife Bank
• Imperial Capital Bank
• Flagstar Bank
• Stonebridge Bank
• Giant Bank
• Nova Savings Bank

If you have at least $25,000 to invest, I would highly recommend you check out MetLife’s CDs.  They currently have the industry leading 18 month, 2 year and 3 year CD rate.  A majority of their rates are in the top 10.  With a 3/5 bankrate.com star rating, they seem like a good bank to invest with.  More information on their bank can be found at MetLifeBank.com.

If you want to invest with a bank based on bank rating, there are two 5 star banks offering top 10 industry rates –

Capital One Bank | CapitalOne.com

Discover Bank | DiscoverBank.com

As always, keep coming back for updates, I will continue to post them daily.  If you don’t feel like coming here daily, subscribe to our e-mail and the posts will be delivered to your inbox daily!  It’s spam free and I’ll never sell your e-mail address.

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