Currently US Bank has a 59 month CD with an interest rate of 3.92% or 4.00% APY, the national average sits at around 3.0% APY. I’ve seen a few national banks raise the rates for their long maturity CD products lately and slim down the rates for their short term CD’s. Both Ally bank and Discover bank have made somewhat similar moves lately.US Bank doesn’t offer any great shakes on it’s 6 month CD, 12 month CD, or 24 month CD. In fact they have a 13 month CD that is only yielding 1.00% APY which is about 40% below the national average of 1.75%. This is one of the first decent savings rates I have seen come out of US Bank in a while. If you happen to be in the market for a certificate of deposit with a long maturity …say 59 months to be exact, then this may be your best bet.
In a tiny office tucked behind the shelves and a small cafe at Iconoclast Books, Sarah Hedrick is fighting to save her business from the most powerful banking regulatory agency in the United States. Surrounded by leather-bound classic literature and family photos, she has been searching for a new bank that will extend her a line of credit. That financial lifeline is the only thing that could stop the Federal Deposit Insurance Corporation from seizing her nationally known bookstore.
