Best CD Rates » 12 month CD

CD Rates at Bank of America

nittany — Tue, 17 Mar 2009 11:49:16 +0000

CD Rates at Bank of America are excellent on the Bank of Amerika 9 month CD and 12 month CD. If you are looking for a short-term CD, the CD Rates at Bank of America are some of the best CD rates. This article will provide an overview of these current Bank of America CD rates.

9 Month Bank of America CD Rates

9 month Bank of America CD Rates are currently being offered at a rate of 2.50% APY. While these interest rates have dropped a lot recently, 2.5% APY is a very attractive interest rate for a 9 month CD.

12 Month Bank of America CD Rates

CD Rates at Bank of America on its 12 month CD are also currently being offered at a rate of 2.50% APY. Finding a 12 Month CD with 2.5 percent interest rates is awesome.

Bank of America Minimum Deposits

In order to qualify for these great Bank of America CD rates you need to deposit a minimum of $10,000. If you do not have $10,000 the Bank of America CD interest rates on these certificates of deposits will be .25% lower.

Bank of America Online Banking FDIC Insured CDs

Bank of America Online Banking is insured by the FDIC. I would never purchase a certificate of deposit that was not covered by FDIC insurance. If you are buying Bank of America certificates of deposit the ROI is low, but with FDIC insurance you know that you will not lose your investment.

Bank of America Online offers great rates on its 9 month CDs and 12 month CDs. However, the CD rates at Bank of America are very volatile in todays banking climate so be sure to check the Bank of America online banking web site.

Short Term CDs

nittany — Fri, 06 Mar 2009 19:26:45 +0000

With CD interest rates being at an historic low, short term CDs are much more popular today than long term CDs. Many more people are following short term CD rates than long term CD rates. Both long term certificates of deposits and short term certificates of deposits rates are low, but we here at Best CD Rates see no reason to purchase long term CDs at this time. Short term CDs are the best buys right now.

What are Short Term CDs?

Short term CDs are certificates of deposits with timed deposit periods one year or shorter. While there is no clear delineation between a short term cd and a long term cd, I draw the line at 12 month CDs. If a certificate of deposit has a term great than 12 months, I would categorize it as a long term CD.

Every bank has different timed deposit periods for their short term CDs. However, 1 month CDs, 3 month CDs, 6 month CDs, 9 month CDs, and 12 month CDs are the most common periods for short term CDs.

Why Invest In Short Term CDs?

Many investors ask why you would buy a 6 month CD with 2% interest when you can buy a 36 month CD earning 3% interest. There are two reasons for why invest in short term CDs. The first reason to invest in short term CDs is that you need access to your money in the near term. If you purchase a 36 month CD, you will not be able to access your money without paying a withdrawal penalty for the 36 month term. However, if you invest in a 6 month CD you will be able to withdrawal your money within a much shorter period of time.

The second reason for buying short term CDs is that CD interest rates might be higher in 6 months. By buying a short term CD you can move your money into a higher interest CD in 6 months or take advantage of another investment opportunity at such time. With CD rates being at all time lows, locking into a long term CD at this time could be foolish. However, having said that, who knows whether CD rates will rise in the future.

When looking to invest in a short term CD, it is important to find the best CD rates for short term CDs. Also compare the short term CD rates of 6 month CDs versus, 9 month CDs versus 3 month CDs. Also, you have to compare bank CD rates because no two banks offer the same CD rates. Through comparing bank CD rates, you will find the best short term CD with the right interest rate and the rate length term. At this time I would check out GMAC CD rates, Wells Fargo CD rates, and your local CD rates. Sometime local CDs will have the best short term CD rates.

4.00% 12 Month CD Rates – Regal Financial CD Rates

nittany — Sun, 01 Mar 2009 23:37:36 +0000

Regal Financial CD rates have 4.00% 12 month CD rates through March 15, 2009. It has been a long time since I have seen a nationally available 12 month CD with 4.00% cd interest rates. These are special promotional cd rates being offered by Regal Financial Bank of Seattle.

Regal Financial Online Bank is based out of Seattle Washington. Regal Financial is a community bank that focuses on its customers and its community.

In order to buy this 12 month cd, you need to deposit a minimum of $2,500 with Regal Financial Bank. Additionally, you need to open two other accounts with Regal Financial Internet Banking to qualify for this promotional 12 month CD.

4 percent 12 month cd are getting hard to find in today’s economic environment. Bank rates are getting lower around the nation, but you can still find credit unions and smaller community banks offering top cd rates.

A 4 percent 12 month CD is certainly something to consider in today’s low bank rate environment. However, having to open two additional accounts with Regal Financial Bank is a pretty high price to pay. Unless you can find other high interest accounts at Regal Financial Internet Banking, I am not sure that I would take advantage of this 4.00% 12 Month CD rates offer. While the Regal Financial CD rates are appealing, I doubt the other banking products are worth the investment.

Everbank CD Rates Review

nittany — Mon, 23 Feb 2009 12:21:54 +0000

EverBankd CD rates are always some of the best nationally available CDs. EverBank Online Banking is becoming a major player within the online banking industry both in the United Staes in around the world. This article will review the Everbank CD rates in the hope that we find the best cd rates to invest in.

Ever Bank Direct has 4 different types of certificates of deposits that they offer. These four types of CDs are its Everbank Yield Pledge CD, World Currency CDs, Market Safe CD, and Insured Advantage CD. For purposes of this article, we are going to focus on Everbank’s traditional certificate of deposit which is its Yield Pledge CD.

Everbank CD Rates

Term	Rate	APY
3 month	1.78%	1.80%

6 month	2.23%	2.25%

9 month	2.23%	2.25%

1 year	2.47%	2.50%

1.5 year	2.47%	2.50%

2 year	2.76%	2.80%

2.5 year	2.66%	2.70%

3 year	2.66%	2.70%

4 year	2.66%	2.70%

5 year	3.25%	3.30%

From looking at the current Everbank CD rates, the Everbank 12 Month CD is currently earning an interest rate of 2.50 percent APY. In today’s economy, interest rates on CDs are falling fast. Six months ago, I would not have been interested in a 12 month cd earning 2.50%, but that is somewhat standard today.

The Everbank 5 year CD is currently earning an interest rate of 3.30 percent APY. If you feel that interest rates are going to remain low, now might be the time to lock in your cd rates by buying a 5 year cd. Personally, I believe that interest rates have to move up, so I am not as happy with the 5 year cd rates right now.

Everbank CD Minimum Deposit – Everbank CDs require depositors to deposit a minimum of $1,500 to purchase a certificate of deposit. While you can find a lot of banks with minimum deposit requirements as low as $500, the Everbank CD requirement is not prohibitive for the average investor.

4.00% 12 Month Wachovia CD Rates

nittany — Mon, 10 Nov 2008 16:11:46 +0000

This months featured Wachovia CD is the 4.00% 12 Month Wachovia CD rates. Wachovia CD rates are always some of the best bank cd rates in the country. Whenever I am looking for the best CD rates, I always check out the featured Wachovia CDs. These featured CDs offer great Wachovia CD rates.

These Wachovia featured CD require a minimum deposit of $1,000 to open. If you are looking for a 12 month CD, these are high online CD rates from a very well known bank. High interest CDs are a great way to invest your money as compared to savings accounts. If you can afford to not touch your savings over the next 12 months, this 4.00% 12 month wachovia CD rates are great.

I also like Wachovia CDs because they consistently offer high online CD rates. When you 12 month CD term is up, chances are you can easily roll over these Wachovia high interest CDs into a new featured Wachovia CD. This makes banking extremely simple.

So head on over to Wachovia and read more about these 4.00% 12 month Wachovia CD rates.

E-Loan CD Rates

nittany — Sun, 26 Oct 2008 15:27:45 +0000

There is a new bank certificate of deposit leader today. E-Loan CD rates have been increase to 4.40% for a 12 month cd and 5.25% for a 60 month cd. These E-Loan CD rates are now the best cd rates in the nation.

For anyone looking for a place to save short term money, you have to check out the new E-Loan CD rates. Being able to earn 4.40% interest for 12 months in this unstable equity environment is a great way to save money. Very few CDs in the country are earning 4.40% in the next 12 months.

Switching to exploring 60 month E-Loan CD, we are very excited about being able to earn 5.25% interest with a 60 month CD. We here at Best CD Rates Today are not often fond of 60 month CDs at today’s interest rates. However, these e-loan CD rates of 5.25% demand closer consideration.

If you are looking for the best cd rates, you need to consider the E-Loan CDs. These new E-Loan CD rates are the best rates on a 12 month CD and 60 month CD that we have seen today.

Wachovia CD Rates

Sovereign Bank CD Rates

nittany — Tue, 21 Oct 2008 02:15:00 +0000

Sovereign Bank like many other banks has a monthly featured certificate of deposit. This month’s featured Sovereign Bank CD is the 12 month CD. The Sovereign Bank CD rates on this 12 month CD are 3.90% APY. We are impressed with these current cd rates.

The 12 month Sovereign CD only requires a $500 minimum deposit so anyone can afford to buy one. If you are looking for competitive current cd rates, this Sovereign bank certificate of deposit is worth checking out. This is especially true if you are looking for CD rates in Pennsylvania.

Sovereign Bank is a bank headquartered in Pennsylvania. Sovereign started in Wyomissing, PA back in 1902. Through a series of more than a dozen acquisitions, Sovereign Bank has grown to be one of the largest banks in the United States. In fact, it is in the top 10 largest bank in the United States.

If you are looking for the best CD rates in Pennsylvania, you should check out Sovereign Bank CD rates. And, especially the featured 12 moth cd.

Wachovia CD Rates

nittany — Mon, 06 Oct 2008 11:48:36 +0000

Wachovia Bank might be going through some rough times, but they are offering some great cd rates. Every month Wachovia has two featured CDs. This article will focus on these featured CDs and their Wachovia CD rates.

The two Wachovia CDs featured this month are its 7 month CD and its 12 month CD. Let’s start with the Wachovia 12 month CD because I feel that it has the best CD rates rates at Wachovia right now.

Wachovia 12 month CD

The Wachovia 12 month CD has a CD interest rate of 4.07% and an APY of 4.15%. These Wachovia CD rates are excellent if you are looking to save you money for a relatively short period of time.

Wachovia 7 month CD

The next featured Wachovia Bank CD is its 7 month CD. The Wachovia 7 month CD has a CD interest rate of 3.68% and a high CD APY of 3.75%. For the extra 5 months of the CD term, I prefer the Wachovia 12 month CD vs the 7 month CD. However, if you need your money prior to 12 months, then the Wachovia 7 month CD might be worth checking out.

Wachovia CD Rates Recap

Compare these best CD rates to an ING Direct savings account. You can’t earn 4.15% interest in an ING Direct savings account. Therefore, while there is tons of discussions about these high interest savings accounts, depositing your money into a 12 month CD at Wachovia Bank.

Wachovia CD rates are always very competitive. If you like doing your banking with a large bank, you can’t go wrong with a Wachovia certificate of deposit. Stay tuned to Best CD Rates for more great CDs.

GMAC CD Rates

nittany — Tue, 30 Sep 2008 11:55:39 +0000

For a bank as large as GMAC Bank, I think a lot of people don’t realize that they offer some of the best cd rates. GMAC CD rates are some of the highest cd rates in the nation right now, but I bet a lot of us never considered buying certificates of deposits from GMAC Bank. This article will review the current GMAC cd rates.

Let me start with the GMAC 1 year CD. This GMAC Bank CD is offers a great high yield 12 month CD rate. In fact it is one of the highest 12 month CDs being offered today. It has a fixed CD interest rate of 4.35% APY. If you are looking for a 12 month CD, this 4.35% APY is a great buy.

Another nice thing about GMAC CD’s is that they only require a minimum deposit of $500. We really like banks that require low minimum deposits for CD’s. By being so low, any person can start investing in CDs. GMAC Bank also assures its depositors that there are no fees for buying or maintaining a certificate of deposit account.

Lastly, in today’s uncertain financial times it is important to make sure your bank is FDIC insured. GMAC Bank CD’s are FDIC insured and therefore you can deposit your money in a bank CD and not worry about the bank going under. We would not buy any CD that is not FDIC insured.

Now go check out the 12 month GMAC CD. You can’t go wrong with its 4.35% APY. It is one of the highest CD rates for a 12 month CD. If you have any questions about GMAC CD rates, please leave them in the comments below.