Best CD Rates

How to Select a CD Term

Douglas — Thu, 02 Sep 2010 10:19:21 +0000

People looking to invest in CDs would like to determine how to select a CD term, which would provide good earnings for their money. A CD’s low risk qualities appeal too many wishing to have a safe investment, even as the interest rate may not be as high as stock options.

If a large sum of money is available for investing and a maximum return is desired in a short period of time, look into buying a jumbo CD. These CDs typically have a lower interest rate but a shorter term, some as low as 30 days. If, on the other hand, you have a smaller investment but you time to let it grow, check into a 1-year CD option or greater, to maximize growth.

CDs with 1 year term may offer significantly higher growth than 3 to 6 month alternatives. Also, look at CDs that are available through brokers. But while you generally get the best rates if you go with a broker, not all CDs will be FDIC-insured.

Depending on the difference in yield, you may decide if it is worth taking a chance on an uninsured CD account. The broker also has a fee that reduces your return.

Find out if the CDs you are considering have call features. Some banks can terminate (call) high rate CDs before their maturity dates if interest rates change and they feel it’s in their best interest. While you will get your principal and interest up to that point, it can be a hassle to have to make another investing decision.

Remember that money invested in CDs is subject to early withdrawal penalties. Banks are borrowing your money to invest it for the designated term. They will make you pay the price if you pull it out early. Read the term agreement carefully.

Though some CDs sound like great deals, they may require a large minimum deposit. If you are looking to invest only $500 to $1000, your options will be limited. There are several reliable sites online you can visit for a breakdown of minimum deposit guidelines, CD rates and APYs, and bank providers.

Before you buy a CD, it is best to do some research first. Most savvy investors know how to select a CD term with the best rate for their financial situation.

For additional resources about CDs on this website, please view Sovereign Bank 2% 6 Month CD Rates. For more information from another resource about a financial institution, please view Identity Theft Insurance Providers on our sister site.

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.

Sovereign Bank 2% 6 Month CD Rates

Douglas — Wed, 01 Sep 2010 10:09:49 +0000

With the banking industry, the average 6 month CD is at 1.12% APY, the Sovereign Bank 2% 6 month CD rates can earn your investment a high rate with this short-term investment. At this time, Sovereign Bank is still offering its Limited Time Save and Invest CD Package promo where you get to have your short term investment to work harder for you.

To obtain and enjoy one of the highest rates available in the 6 month CD category, you must open both the Sovereign Bank 6 month Special Save CD and the Sovereign Bank 36 month Investment CD with equal opening deposit amounts.

To open a Save & Invest CD Package, the minimum deposit is $5000 and the maximum deposit is $499,999. Half of your opening deposit, or at least $2500, is placed in the 6 month Save CD which will earn interest at a rate of 1.98%, corresponding to a 2.00% APY.

The remaining half of your remaining opening deposit, or at least $2500, is placed in the 36 month Invest CD. For this rate a branch office must be personally contacted

On the maturity date of your Invest CD, and as long as you have not withdrawn any of the balance prior to that date, your principal balance will not decrease, regardless of the performance of any index. Your Save CD and your Invest CD are insured by the FDIC.

A penalty will be imposed for early withdrawals from the Invest CD and for any withdrawals from the Save CD within the first six days after the Save CD is opened. If you ask to make an early withdrawal from either your Save CD or the Invest CD, the entire balance of that CD must be withdrawn. In addition, if you make an early withdrawal from your Invest CD during the term of your Save CD, your Save CD will also be closed.

These CD rates are posted September 1, 2010. If the Sovereign Bank 2% 6 Month CD rates is what you are looking for, visit the nearest and most convenient Sovereign Bank branch to open the Sovereign Bank Save & Invest CD Package.

For additional resources about CDs on this website, please view Sallie Mae CD Rates – Best 3 Year CD Rates. For more information from another resource about a financial institution please view Citibank ThankYou Rewards on our sister site.

Sallie Mae CD Rates – Best 3 Year CD Rates

Douglas — Tue, 31 Aug 2010 10:23:12 +0000

The Sallie Mae CD rates, best 3 Year CD Rates is currently at 2.30% APY. This is the rate that every deposit receives regardless of its size. The Sallie Mae financial institution has made it this way so no matter how large or small your deposit is, it can earn a decent rate. This helps many people out who do not have much of an income but still wish to do what they can to save money and look towards the future.

This is not the only CD Rates available from Sallie Mae. They also offer a 12 month CD that brings back a return of 1.55% APY. The 60 month CD has the highest rate of return at 3.00% APY. Both of these are just like the 3 year or 36 month CD has no minimum deposit requirement so investors can place what they want on deposit and still earn a return.

All of these CD’s also offer the fact that there are no hidden charges that can reduce the return of the depositor’s investment. There is a penalty for early withdraw of the deposit. This can only occur if the depositors desire it, but the charge could be all of the interest that has already been accumulated by the investment. This is dependent on when the early withdraw occurs in relationship to the term of the CD.

The APY’s stated on above were posted on the Sallie Mae website on August 16, 2010 and were still accurate as of August 31, 2010.

The current Sallie Mae CD rates, best 3 Year CD Rates is at 2.30% APY.

For additional resources about CDs on this website, please view Ally Bank Rate Review. For more information from another resource about a financial institution please view Top Florida Banks on our sister site.

Ally Bank Rate Review

Douglas — Mon, 30 Aug 2010 09:40:41 +0000

From a bank that attempts to attract savers, the Ally Bank rate review shows its transparent products, such as its certificates of deposit, having very competitive rates. Being an internet bank, you manage your bank account online, by phone, or by ATM. In this site, we will be looking at their current rates for the different CDs Ally Bank offers.

The High Yield CDs are fixed rate CDs with high yields ranging in terms from 3 months to 5 year terms. Some of Ally Bank’s High Yield CD rates are as follows. The 6 months CD has an interest rate of 1.13% with an APY of 1.14%. The 12 months CD has an interest rate of 1.43% with an APY of 1.44%. The 3 years CD has an interest rate of 2.15% with an APY of 2.17%. The 5 years CD has an interest rate of 2.70% with an APY of 2.74%.

Ally Bank’s Raise Your Rate CD is a 2 year high interest rate CD that gives you the flexibility to call for a one-time rate increase if the rates go up during the term. It has an interest rate of 1.78% with an APY of 1.80%.

The No Penalty CD is an 11 months term CD that gives you a great rate and the ability to withdraw your entire balance, including all interest earned, without a fee. It has an interest rate of 1.31% with an APY of 1.32%.

Customers can open any of these CDs with $0 and they do not have monthly fees. However, a fee will be charged to you if you make a withdrawal before the CD matures. Interest is compounded daily for maximum earnings but you need to have money in your account to earn the APYs.

These CD rates were posted August 27, 2010 and are still current and effective August 30, 2010.

Ally Bank rate review shows that since Ally Bank is a direct bank, the savings they make from not having to pay for operating costs allow them to direct that savings toward better rates for their customers to enjoy.

For additional resources about CDs on this website, please view West Virginia CD Rates.

West Virginia CD Rates

Douglas — Fri, 27 Aug 2010 08:56:49 +0000

The best West Virginia CD Rates are currently being offered from the credit unions. While technically these are shared certificates (SC) they are the same type of investment device as a certificate of deposit.

The best overall rate is from the Members Choice WV Federal Credit Union. They are currently only offering 3 terms of SC but one is the best from any financial institution in the state. The 6 month SC has an APY of 1.05%. The 12 month SC has an APY of 1.30% and the 24 month SC has an APY of 1.90%. Each of these SC require a minimum deposit of $1000 and the rates were posted on august 27, 2010.

The next best place for a 2 year rate is from Pioneer West Virginia Federal Credit Union. They offer a 6 month SC with an APY of 1.10%. The 12 month SC has an APY of 1.30%. The 18 month SC has an APY of 1.35%. 24 and 30 month SC’s have an APY of 1.85%. The 36 month SC has an APY of 2.00%. The 48 month has an APY of 2.10% and the 60 month SC ahs an APY of 3.00%. These rates were posted on June 28, 2010. There was no minimum deposit stated for opening a SC.

The First priority Federal Credit Union also had a decent 2 year SC rate. Their 6 month SC has an APY of 1.20%. The 12 month SC has an APY of 1.50%. The 24 month SC has an APY of 1.80% and the 36 month SC has an APY of 2.05%. Each of these SC requires a minimum of $5000 deposit.

All of the CD Rates listed were accurate as of August 27, 2010 but are subject to change without notice. These were the best advertised West Virginia CD Rates that can be currently found.

For additional resources about CDs on this website, please view Virginia CD Rates.

Virginia CD Rates

Douglas — Thu, 26 Aug 2010 10:18:26 +0000

For those living in the state of Virginia, CD rates come from a variety of banks and continually change. These individual companies are often in competition with each other to provide the best CD rates in Virginia which means the individual has a good chance of getting a great rate if he shops around.

Carter Bank and Trust strives to offer the most competitive interest rates around. Their 6 months CD requires a minimum of $1000 to open and has an APY of 1.20%. You will need to call or visit any of their convenient offices for the most current interest rate information. These rates are posted August 26, 2010.

For the 1 year CD, Virginia Heritage Bank has a $500 minimum to open. Their 1 year CD has an interest rate of 1.49% with an APY of 1.50%. This rate was posted May 10, 2010 and is still current and effective August 26, 2010.

For the 2 year CD, Suffolk First Bank holds the best rate with a minimum of $500 to open and APY of 2.05%. However you will need to visit or contact your local branch for the most current rate information. This rate is posted August 26, 2010.

The Access National Bank holds the best rate for a 5 year CD in Virginia, with $10,000 minimum to open. It has an interest rate of 3.00% with an APY of 3.05%. This rate was posted August 6, 2010 and is still current and effective August 26, 2010.

Virginia Heritage Bank’s 5 year CD has an interest rate of 2.96% with an APY of 3.00% for a minimum of $500 to open. Business Bank’s 5 year CD has an interest rate of 2.97% with an APY of 3.00% for a minimum of $1000 to open. This rate is posted August 23, 2010 and is still current and effective August 26, 2010.

All these CD rates are subject to change without notice. It is best to check these banks’ respective websites or call or visit their convenient branches to get the most current Virginia CD rates from these institutions.

For additional resources about CDs on this website, please view Fidelity CD Rates. On our other sister sites, there is information on bank services on Citibank Balance Transfer Credit Card.

Fidelity CD Rates

Douglas — Wed, 25 Aug 2010 08:29:32 +0000

The Fidelity CD rates are competitive especially for rates on maturities of 2 years and up. Fidelity offers both new issue and secondary CDs. New issue CDs are sourced from the issuer while secondary CDs are sourced from a number of dealers Fidelity accesses through its Open Bond Market.

Brokered CDs are securities offered by commercial banks and thrifts to raise funds for their business activities. Investors lock in the market interest rate at the time of purchase, which is usually fixed for the term of the CD. There is no limit in the denomination of a CD.

At Fidelity, all new issue CDs are available without a separate transaction fee and are FDIC-insured. The secondary CDs Fidelity offers come from multiple sources, providing investors with a single location to view brokered CDs from many banks. Brokered CDs have some important advantages over bank CDs including the ability to avoid penalties if the CD is sold before maturity.

Currently, some CDs that can be found with Fidelity have an APY of 0.25% for a 1 year CD. There is an APY of 1.00% for a 2 year CD. There is an APY of 2.00% for a 5 year CD. There is an APY of 2.90% for a 10 year CD. There is an APY of 3.10% for a 15 year CD. These CD rates were posted August 8, 2010 and are still current and effective August 25, 2010.

For more details on the Fidelity CD rates, please visit their website to view current and complete listings on their brokered CDs.

For additional resources about CDs on this website, please view Ameriprise CD Rates. On our other sister sites, there is information on bank services on Top Texas Banks.

Ameriprise CD Rates

Douglas — Tue, 24 Aug 2010 09:58:43 +0000

The Ameriprise CD Rates are from one of America’s largest and most trusted financial institutions that have so many citizens’ investments in their holdings.

The CD Rates for each term are divided up into a tiered level of interest. The different levels are up to each of the following amounts $1,000, $10,000, $100,000 and $1,000,000.

The 3 month CD has APY’s of 0.25%, 0.35%, 0.45% and 0.55%. The 6 month CD has APY’s of 0.25%, 0.55%, 0.65% and 0.75%. The 12 month CD has APY’s of 0.55%, 0.85%, 0.95% and 1.05%. The 18 month CD has APY’s of 0.75%, 1.05%, 1.15% and 1.25%.

The 24 month CD has APY’s of 1.10%, 1.40%, 1.50% and 1.60%. The 30 month CD has APY’s of 1.20%, 1.50%, 1.60% and 1.70%. The 36 month CD has APY’s of 1.45%, 1.75%, 1.85% and 1.95%. The 60 month CD has APY’s of 2.05%, 2.35%, 2.45% and 2.55%.

With each CD that is opened, the customer has free unlimited information access to their deposit by both phone and online. The minimum deposit amount for any term CD is $1,000. There are no monthly or annul fees associated with any CD unless there is an early withdraw.

All deposits up to federal limit of $250,000 are insured by the FDIC.

When a CD is purchased online the rate is locked at the time the application is submitted. This lock is effective for 10 days and the CD should have the funds deposited within that time for it to receive the stated APY.

The Ameriprise CD Rates were current as of August 24, 2010.

For additional resources about CDs on this website, please view American Express CD. On our other sister sites, there is information on bank services at on Washington CD Rates.

American Express CD

Douglas — Mon, 23 Aug 2010 09:20:51 +0000

The American Express CD is from the same company that has given so many Americans their first credit card. This is a long lasting company with large reserves so there is no doubt of its solvency.

There are a total of 7 different CD offered from AE, all with different terms and returns. There is the 6 month CD has an APY of 0.50%. The 12 month CD has an APY of 1.30%. The 18 month CD has an APY of 1.40%. The 24 month CD has an APY of 1.75%. The 36 month CD has an APY of 2.15%. The 48 month CD has an APY of 2.25% and the 60 month CD has an APY of 2.75%.

Every CD is covered by the FDIC up to the current deposit limit of $250,000. You will also have 24/7 access to your account either online of by telephone. At the present time there is no minimum amount stated on the official AE website for deposit amounts.

Each of these rates were posted on August 21, 2010 and are still current as of August 23, 2010.To earn the stated APY, the deposit and all of the interest must remain in the CD for the term of the CD.

Your CD Rates are locked the day you submit your application for the specified CD. Approval can take up to 30 days depending on how the funds are deposited. If the funds are not deposited within 30 days the locked APY is no longer valid.

There is a penalty fee if the funds of your American Express CD are withdrawn before the maturity of the CD.

For additional resources about CDs on this website, please view Certificate of Deposit Rates Keep Falling. On our other sister sites, there is information on bank services at on Bank of America Online banking.

Certificate of Deposit Rates Keep Falling

Douglas — Wed, 18 Aug 2010 07:35:28 +0000

For over a year the trend of Certificate of Deposit rates keep falling has become disheartening to many Americans. This is all due to the monetary policy set forth by the previous and present administrations. In principal this strategy of low interest rates for loans would make it more attractive for people and business to borrow money. The problem is the financial institutions that hold the money are refusing loans at a record rate.

These same financial institutions are the reason the world is now entering a double dip recession. When they needed help during the start of the recession they received a tax payer bailout. The money was intended to be loaned out to avoid a long drawn out recession, which has now occurred.

The banks reasoning for not approving loans are because of the mistakes they made in the past. By loaning to people they knew could not pay back the amounts they were borrowing, now they do not want to repeat the same mistakes.

In reality these same financial institutions took the bail out money and paid their executives huge bonuses for ruining the world’s economy. That is where the money they were supposed to loan out went.

In the first and second quarters of the year 2010 these same financial institutions are seeing great profits while the rest of the economy is in stagnation. This was done by raising fees and installing new fees on the basic services people needed from them.

The present CD Rates are at near record lows so where are all the profits going. Still into the pockets of just a few upper management members of the large financial firms that are still refusing to give out loans.

The corporate greed that runs the large financial firms is in place and will remain until they are dissolved. Until then expect the Certificate of Deposit rates keep falling.

Greed has become the American way now as evident by the administrations unwillingness to stop the corporate banking system from destroying the American way of life. This is just an American’s opinion that has already lost his home because of circumstances out of his control.

For additional resources about CDs on this website, please view 53rd Bank CD Rates. On our other sister sites, there is information on bank services at on Wells Fargo Online Banking.