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.
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.
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.
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.
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.
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.