October 19 CD Rate Update - Some Banks Increasing Rates

Rate information contained on this page may have changed. Please find latest cd rates.

Happy Friday. On this day we have several banks who have increased their CD rates. Banks are looking for your money.

It's Friday!  And there's no better way to celebrate than to let you know that several banks have increased their rates.

Perhaps the biggest news is the aggressive increase by Amtrust Direct.  They raised the rate on their e-Savings account from 5.06% APY to 5.36%APY.  They now have the highest rate with the minimum required deposit amount - $1.

Several banks also raised their CD rates:

  • Umbrella Bank raised their 1 year CD from 5.00% APY to 5.15% APY.
  • E-Loan increased the rates on their 2 and 3 year CDs by 5 basis points.  A basis point is equivalent to .01%.  So if something increased by 5 basis points it went from 5.05% to 5.10%.
  • Corus Bank raised the rate on its 1 year CD and now has the second place on the rate table.

For more information on the best CD rates in the country, please visit the BestCashCow CD Rate tables

Have a nice weekend.

Ari Socolow
Ari Socolow: Ari Socolow is the Chief Economist and Editor-in-Chief at BestCashCow. He is particularly interested in issues relating to bank transparency and the climate crisis. Since co-founding this website in 2005, Ari has been frequently cited in the media as an expert on local and national savings accounts, CD products, mortgage and loan products and credit card rewards products.

Your code to embed this article on your website* :

*You are allowed to change only styles on the code of this iframe.

Today's Highest Online CD Rates

Bank Product Term Interest Rate (APY)
M.Y. Safra Bank 1-Year 2.51% APY with $500 minimum
Sallie Mae Bank 1-Year 2.50% APY with $2,500 minimum
Discover Bank 1-Year 2.30% APY with $2,500 minimum
Pentagon 3-Year 3.25% APY with $1,000 minimum
Popular Direct 3-Year 3.10% APY with $10,000 minimum
M.Y. Safra Bank 3-Year 3.06% APY with $500 minimum
Bread Savings, a division of Comenity Capital Bank 5-Year 3.65% APY with $1,500 minimum
M.Y. Safra Bank 5-Year 3.26% APY with $500 minimum
Popular Direct 5-Year 3.25% APY with $10,000 minimum

See More Online CD Rates →


  • Marco

    October 20, 2007

    Do you have any experience with Amtrust? Do they charge for the incoming and outgoing money transfers?

  • «
  • Page 1 of 1
  • »
Add your Comment