Best CD Rates June 2010

People looking out for the best CD rates June 2010 are those that may be ready to make safe and secure investments. It is known that the longer you keep your money in a CD, the more your money earns.

For a 5 year CD, Melrose Credit Union out of New York, has the best rate. Currently, their 5 year Share Certificate (CD) has an interest rate of 3.25% with an APY of 3.29%. Interest or dividends are compounded quarterly. The minimum purchase for Share Certificate is $5000. This rate was posted March 31, 2010 and is still current and effective June 11, 2010.

From Hillsboro, Illinois, the First Community Bank of Hillsboro holds the best rate for the 4 year CD. The minimum opening deposit for the CDs is $1000 and the interest is compounded on a monthly basis. Their 4 year CD has an interest rate of 2.96% with an APY of 3.00%. This rate was posted June 10, 2010 and is still current and effective June 11, 2010.

Another bank from Illinois holds the best rate for a 3 year CD. From Effingham, Illinois, the Crossroads Bank is a community bank whose 3 year CD has an interest rate of 2.75% with an APY of 2.77%. Crossroads Bank also has the best rate for a 2 year CD, which has an interest rate of 2.25% with an APY of 2.26%. The minimum balance required to earn is $500.00. This rate was posted June 01, 2010 and is still current and effective June 11, 2010.

The Navy Federal Credit Union currently has a special offer whose rate and term easily tops all the above rates. Its Special Easy Start Certificate’s 1 year CD has a minimum deposit of only $50 and a maximum of $3000. This special 1 year CD has an interest rate of 2.86% with an APY of 2.90%. Interest is compounded daily and is credited monthly. The special offer rate was posted June 11, 2010.

Of course, these CD rates may change without prior notice. But if you have been ready to put your money in a safe investment, these are the best CD rates June 2010.

For additional resources about CDs on this website about another state, please view Best 5 Year CD – Melrose Credit Union.

The Chase Bank Text Alerts is available on our sister website of onlinebanksblog.com. Also available on the sister site of bankcdratesonline.com is Best June CD Rates 2010.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember- the bigger the risk, the larger the reward or loss. Invest with caution.

Tags: Best CD Rates, CD rates, investing, June 2010 CD rates, money

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[...] For additional resources about CDs on this website about another state, please view Best CD Rates June 2010. [...]

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