U commercial bank interest?
The highest 1-year CD rate today is 5.64% APY from Financial Resources Federal Credit Union.
The highest 1-year CD rate today is 5.64% APY from Financial Resources Federal Credit Union.
Highest fixed deposit rates
StashAway Simple Guaranteed: 3.80% p.a., 3 months with no minimum amount. RHB: up to 3.60% p.a., min. S$20,000 for 6 or 12 months. HL Bank: 3.65% p.a., S$500,000 for 12 months.
- Milli – 5.50% APY*
- Poppy Bank – 5.50% APY.
- My Banking Direct – 5.35% APY.
- BrioDirect – 5.35% APY.
- Vio Bank – 5.30% APY.
- Ivy Bank – 5.30% APY.
- TAB Bank – 5.27% APY.
- TotalDirectBank – 5.26% APY.
- Discovery Bank. Get up to 9.5% monthly interest when you deposit a large sum into a fixed-deposit savings account at Discovery Bank. ...
- Capitec Bank. ...
- FNB. ...
- Investec Private Bank. ...
- Nedbank.
Only two financial institutions, Landmark Credit Union and Alpena Alcona Area Credit Union, currently offer 7% interest.
| Institution | Most Competitive CD Term | Highest CD APY Available |
|---|---|---|
| CIBC Bank USA | 12 months* | 5.51% |
| Western Alliance Bank, powered by Raisin | 3 months* | 5.51% |
| Bread Savings | 12 months* | 5.50% |
| Northern Bank Direct | 9 months* | 5.50% |
| Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) |
|---|---|---|
| Ujjivan Small Finance Bank | 8.25 | 8.25 |
| AU Small Finance Bank | 8.00 | 6.75 |
| RBL Bank | 8.00 | 7.50 |
| DCB Bank | 8.00 | 7.15 |
| Bank Name | Interest Rates (% p.a.) | |
|---|---|---|
| HDFC Bank | 7.75 | 7.50 |
| ICICI Bank | 7.65 | 7.50 |
| IDBI Bank | 7.65 | 7.00 |
| IDFC First Bank | 8.00 | 7.25 |
- ANZ Plus 'Save' Account.
- MOVE Bank Growth Saver.
- Bank of Queensland Future Saver Account.
- Virgin Money Boost Saver.
- Macquarie Savings Account.
- Great Southern Bank Advantage Saver.
- Rabobank High Interest Savings Account.
- Frequently Asked Questions (FAQs)
Where can I get 5% interest on my money?
| Bank | APY | Min. deposit to open |
|---|---|---|
| CIT Bank | 5.05% (on balances of $5,000 or more) | $100 |
| DollarSavingsDirect | 5.00% | $0 |
| CommunityWide Federal Credit Union | 5.00% | $1 |
| Laurel Road | 5.00% | $0 |
| BEST CD RATES JANUARY 2024 | ||
|---|---|---|
| Best 2-Year CDs | Rate | Term |
| Pelican State Credit Union | 5.27% APY | 24 months |
| XCEL Federal Credit Union | 5.25% APY | 24 months |
| Signature Federal Credit Union | 5.25% APY | 24 months |
- High-yield online savings accounts. ...
- Money market accounts and funds. ...
- Certificates of deposits. ...
- Treasury bills. ...
- Don't chase yield.
- Stock Market (Dividend Stocks) ...
- Real Estate Investment Trusts (REITs) ...
- P2P Investing Platforms. ...
- High-Yield Bonds. ...
- Rental Property Investment. ...
- Way Forward.
At a 4.25% annual interest rate, your $100,000 deposit would earn a total of $4,250 in interest over the course of a year if interest compounds annually. Annual total: $104,250.
How can I get 10% interest on my money? The best way to get 10% returns is to invest – you won't find 10% APY on any bank account in the U.S. The S&P 500 is a good place to start, but you should also consider real estate and other alternative investments, like art and wine.
It will likely be difficult to find banks that offer APYs of 6% or higher on any CD term — but you can get close. For example, CIBC Bank USA offers a 5.66% APY on its 1-year CDs as of January 2, 2024. Both Lending Club and Popular Direct currently offer 1-year CDs with 5.55% APYs.
CDs tend to offer higher interest rates than savings accounts. And today's best CD rates are far higher than the national averages. CDs may not always be worth it though. They lack liquidity, and that potential drawback is something to consider before opening an account.
Using an annual compounding interest rate of 5% per year, after one year, your $1,000 would earn $50 in interest, bringing your total balance to $1,050.
| Top Nationwide Rate (APY) | Total Earnings | |
|---|---|---|
| 1 year | 6.18% | $ 618 |
| 18 months | 5.80% | $ 887 |
| 2 year | 5.60% | $ 1,151 |
| 3 year | 5.50% | $ 1,742 |
Should I buy a CD now or wait?
It could very well be the time to buy, especially since the Fed has indicated it will likely stop raising rates and even start cutting them in 2024. Waiting longer could be a gamble. If the Fed starts reducing the federal funds rate in 2024, that means rates on everything from mortgage to CD rates will likely decline.
Online banks and community banks typically offer the highest rates for 9-month CDs. That's because they usually have lower overhead costs compared to large, national banks with brick-and-mortar branches. Online banks often pass on the savings to customers in the form of higher rates.
Senior Citizen FD in India 2024. Senior Citizen Fixed Deposits (FDs) are term deposit plans with special interest rates offered to individuals who are over the age of 60. The rate of interest on senior citizen FDs in India ranges from 3.00% to 8.50% for tenures ranging from less than one year to more than five years.
- Unity Small Finance Bank.
- Utkarsh Small Finance Bank.
- Equitas Small Finance Bank.
- Suryoday Small Finance Bank.
| Small Finance Bank | Interest p.a. (%) | Duration |
|---|---|---|
| Equitas Small Finance Bank | 8.5 | 444 days |
| Utkarsh Small Bank | 9.10* | 2-3 years |
| Jana Small Finance Bank | 9.0* | 2-3 years |
| Ujivan Small Finance Bank | 8.25 | 560 days |
