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Certificate of Deposit Rates

Douglas — Tue, 21 Sep 2010 09:57:12 +0000

Most certificate of deposit rates have a fixed rate of interest and a maturity date for when the interest is accrued and transferable. The principal of a certificate of deposit (CD) cannot be lost, unlike stocks, unless the investor violates the terms of the contract with the financial institution. This makes a CD a guaranteed investment tool.

All CDs are insured by the FDIC so even if the bank offering the CD you have invested in fails, your money is safe as long as the investment and earned interest is under the legal limit.

There are two main factors that affect CD rates available to you. The first is the length of time until the CD matures. The longer you will have your money tied up, the higher your rate will be. This is because the longer you commit to leaving your money, the more flexibility the institution has with it. They are willing to pay you a better rate because they can use the money for a wider variety of purposes.

The second factor that affects CD rates is the current interest rate environment. CD rates are set according to other competitive rates out in the market. Every institution knows that you have a wide variety of choices so they will try to stay competitive when setting rates. When you see interest rates rising, you will also see CD rates rising.

A financial institution may try to win some short-term business by offering slightly higher rates in the hope that once they get a customer in, the customer will stay and bring additional assets. In general, credit unions have rates that are slightly higher than those of banks’ because credit unions are nonprofits, so they can afford to offer a little more to their customers at the expense of reaping higher margins.

Last week saw the now usual CD rate cuts we have been familiar with during these financial climates, but there were several CD rate increases as well. Check and compare current nationally available CD rates from VirtualBank, Giantbank.com, Bank of Internet, Discover Bank, American Express Bank, and First Internet Bank. Although the number of banks that increased their certificate of deposit rates last week was higher than usual, it certainly does not signal a reverse in the downward trend in rates.

For additional resources about CDs on this website, please view FNB 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.

Sallie Mae CD Rates

Douglas — Wed, 10 Mar 2010 13:06:12 +0000

Although better known for student loans, the Sallie Mae CD rates come from the New Online CD by Sallie Mae. These are designed to help you achieve your goals by guaranteeing a great return on your investment and maximizing your earning power. There is no minimum deposit, no monthly fees, and no hidden charges.

SLM Corporation, commonly known as Sallie Mae, is a publicly-traded U.S. corporation whose operations are originating, servicing, and collecting on student loans. The Student Loan Marketing Association was originally created in 1972 as a government-sponsored enterprise (GSE) and began privatizing its operations in 1997, a process it completed at the end of 2004 when Congress terminated its federal charter, ending its ties to the government. The company remains the country’s largest originator of federally insured student loans. Through its specialized subsidiaries and divisions, Sallie Mae also provides debt management services as well as business and technical products to a range of business clients, including colleges, universities, and loan guarantors.

Sallie Mae’s New Online CDs are designed with no minimums and no monthly fees. With this institution, banking should be simple, rewarding and hassle-free. The Sallie Mae New Online 12 month CD has an APY of 1.50%. The 36 month CD has an APY of 2.20%. The 60 month CD has an APY of 3.00%. While the certificates of deposit require no minimum balance, you must have funds in your account in order for your account to earn the APY. The interest rate on your CD will be compounded daily and will be credited to your account on a monthly basis. Your CD automatically renews at maturity. At maturity, you will also have a 10 calendar day grace period in which you can withdraw funds from your account without penalty.

These CD rates were posted on 3/8/2010 and are still current as of 3/10/2010, and may change without notice. Visit their website for more details on the Sallie Mae CD rates.

Fifth Third Bank Certificate of Deposit Rates

Douglas — Wed, 10 Mar 2010 13:04:41 +0000

The Fifth Third Bank Certificate of Deposit rates typically pay higher than many other savings products at their financial institution Fifth Third offers CDs for many terms, some with a minimum investment of just $500. Moreover, a Fifth Third CD can be used as collateral for a Fifth Third loan.

Fifth Third currently has a promotion for a number of featured CDs. These have a minimum deposit of $5000. The 8 month CD promo has an interest rate of 0.75% with an APY of 0.75%. The 13 month CD promo has an interest rate of 1.24% with an APY of 1.25%. The 24 month CD promo has an interest rate of 1.49% with an APY of 1.50%. The 36 month CD promo has an interest rate of 2.23% with an APY of 2.26%. The 60 month CD promo has an interest rate of 2.96% with an APY of 3.00%.

Fifth Third also has standard CDs with tiered deposits and APYs. The 7 to 89 days CD, requires a minimum deposit of $5000. It has an interest rate of 0.05% with an APY of 0.05%. From there on, the minimum deposit for terms starting 3 months and longer is $500. The 3 to 6 month CD has an interest rate of 0.05% with an APY of 0.05%. The 6 to 12 months CD has an interest rate of 0.10% with an APY of 0.10%. The 12 to 24 months CD has an interest rate of 0.30% with an APY of 0.30%. The 24 to 36 months CD has an interest rate of 0.70% with an APY of 0.70%. The 36 to 48 months CD has an interest rate of 1.00% with an APY of 1.00%. The 48 to 60 months CD has an interest rate of 1.14% with an APY of 1.15%. The 60 to 84 months CD has an interest rate of 1.39% with an APY of 1.40%. The 84 months CD has an interest rate of 1.64% with an APY of 1.65%.

These CD rates are current as of 3/10/2010 and may vary per area and may change without prior notice. Also, the Fifth Third Bank Certificate of Deposit rates are tiered so visit their website for more details.

Top 6 Month CD Rates March 2010

Douglas — Fri, 05 Mar 2010 09:45:41 +0000

The top 6 month CD rates March 2010 are not hard to find. The best one nationally available is from Country Bank. This is on their 6 month CD with a relationship. The relationship is with a checking account with their bank that maintains a minimum balance of $1,000 and direct deposit of funds into the account. The interest rate is 1.74% and an APY of 1.75%. They also have a standard 6 month CD with an interest rate of 1.49% and an APY of 1.50%. Both of these CD have a minimum of $500 deposit required and the CD rates are current as of March 5, 2010.
The Community Bank of Pickens County has a 6 month CD with an APY of 1.50 for deposits over $50,000 and an APY of 1.25% with deposits under $50,000. The minimum deposit is $500.00 and the rates were posted on March 5, 2010.

Jacksonville Bank has a 6 month CD with an interest rate of 1.39% and an APY of 1.40% that requires a minimum deposit of $1,000 to open. These rates are current as of March 5, 2010.

The Golf Savings Bank has a competitive 6 month CD rate. For deposits between $10,000 and $90,000 the interest rate is 1.34% and the APY is 1.35%. These rates were posted on February 1, 2010 and are still current as of March 5, 2010.

Hudson City Bank has CD rates for the residents of the states of New York, New Jersey and Connecticut on 6 month CD’s. They are all the same at 1.246% simple interest. They require a minimum deposit of $500 and the rates are current as of March 5, 2010.

These are the top 6 month CD rates March 2010 available today March 5, 2010. All rates are subject to change without notice.

Best CD Rates – Best 1 Year CD Rates 2010

Douglas — Thu, 04 Mar 2010 12:18:13 +0000

At the onset of the new year, many are still in search for the best CD rates. Best 1 year CD rates 2010 move and change daily so if you want to lock in some of the best CD rates, you better move fast.

Credit unions normally do have higher rates. If you are looking at CD rates from credit unions, take a look at the following. From Bronx, New York, Melrose Credit Union requires a minimum deposit of $5000. Their 1 year CD has an interest rate of 2.05% with an APY of 2.07%. This rate is effective since 12/31/2009. Alliant Credit Union from Chicago, Illinois, requires $1000 minimum deposit. Their 1 year CD has an interest rate of 1.982% with an APY of 2.00%. This rate is effective since 12/04/2009. From Tennessee, Southeast Financial Credit Union requires $500 minimum deposit. Their 1 year CD has an APY of 2.00%. This rate is effective since 12/31/2009.

From Florida, First City Bank requires $1000 minimum deposit to open a CD. Their 1 year CD has an interest rate of 2.00% with an APY of 2.00%. This rate is effective since 3/1/2010. Academy Bank requires $500 minimum deposit to open a CD. Their 1 year CD has an interest rate of 1.69% with an APY of 1.70%. Tennessee Commerce Bank requires a minimum deposit of $2500 to open a CD. Their 1 year CD has an interest rate of 1.69% with an APY of 1.70%. This rate was posted on 3/2/2010 and is still effective as of 3/4/2010. NewDominionDIRECT.com requires $3000 minimum deposit to open a CD. Their 1 year CD has an interest rate of 1.65% with an APY of 1.67%. This rate was posted on 3/3/2010.

Other bank CD rates you might want to check are from Franklin Synergy Bank, Security Savings Bank, ING Direct, Amboy Direct, AmTrust Bank, Bank United, to name a few more.

The above rates are as posted on the each of the institutions’ respective website on 3/4/2010 and may change without notice. With a little bit more research, you will find the best CD rates – best 1 year CD rates 2010 that will fit your needs.

Current Wells Fargo CD Rates

Douglas — Thu, 04 Mar 2010 12:12:22 +0000

The current Well Fargo CD rates offers a choice of terms, at guaranteed fixed rate, and interest that is compounded daily. Wells Fargo is a diversified financial services company with operations around the globe. It is the fourth largest bank in the U.S. by assets and the third largest bank by market cap. Wells Fargo is also the second largest bank in deposits, home mortgaging servicing, and debit card.

Headquartered in San Francisco, Wells Fargo is one of the Big Four banks of the U.S. It has 6,650 retail branches, 12,260 ATMs, 276,000 employees, and over 48 million customers. It currently operates branches and ATMs under the Wells Fargo and Wachovia names.

At present, Wells Fargo has featured CDs for a minimum deposit of $5,000. The special rates are applicable to the initial term only. At maturity, the CD will automatically renew for the renewal term stated, at the interest rate and APY in effect for the CDs not subject to a Special Rate, unless the bank has notified you otherwise. The Special CD Offers are as follows. The 15 months CD has an APY of 0.55%, and renews to a 12 month term. The 21 months CD has an APY of 0.90%, and renews to a 12 month term. The 28 months CD has an APY of 1.40%, and renews to a 24 month term. The 35 months CD has an APY of 1.90%, and renews to a 24 month term.

The Standard CDs require a $2500 minimum deposit. The 3 months CD has an APY of 0.10%. The 6 months CD has an APY of 0.15%. The 1 year CD has an APY of 0.30%.

At the end of the term, you have a seven-day grace period during which you can let your CD renew automatically at the current rate, withdraw all or part of your deposit, select a new term, or make one additional deposit.

The above CD rates were posted on 2/27/2010 and are still current as of 3/5/2010 but may change without notice. Visit or call your local branch for more details on the current Well Fargo CD rates in your area.

Current HSBC CD Rates

Douglas — Tue, 02 Mar 2010 10:20:34 +0000

Grow money at guaranteed interest rates with the current HSBC CD rates. HSBC is the world’s local bank. HSBC Bank USA, NA offers its 3 million customers access to global markets and services. The bank provides a full range of commercial banking products and services to individual’s corporations, institutions and governments. This is done through its personal financial services, private banking, commercial banking and corporate investment banking and markets segments.

The bank is also an international dealer in derivative instruments and has mortgage banking and brokerage operations. With 14,000 employees, HSBC has nearly 400 branches in New York State, as well as 11 branches in Florida, six in California, and one branch each in

For a minimum deposit of $1000, you can open a CD with HSBC. The 3 months CD has an APY of 0.15%. The 4 months CD has an APY of 0.15%. The 6 months CD has an APY of 0.40% The 7 months CD has an APY of 0.40%. The 8 months CD has an APY of 0.40%. The 9 months CD has an APY of 0.50% The 11 months CD has an APY of 0.50%. The 1 year plus 1 day CD has an APY of 1.01%. The 13 months CD has an APY of 1.01%. The 15 months CD has an SPY 1.01%. The 2 years CD has an APY of 1.10%.

These CD rates are current as of3/2/20210 and are subject to change without prior notice. Visit their website for more details on current HSBC CD rates.

Navy Credit Union CD Rates

Douglas — Thu, 25 Feb 2010 11:41:38 +0000

Members receive a variety of Navy Credit Union CD rates that earn higher than share savings accounts. Headquartered in Vienna, Virginia, the Navy Federal Credit Union is the largest natural member (or retail) credit union in the world, both in asset size and in membership. As of April 2008, Navy Federal had over $35 billion in assets, and over 3 million members.

Currently, the Navy Federal has some featured shares or CD products. One of them is the Special EasyStart Certificate. For a minimum deposit of $50, the 1 year CD has an interest rate of 2.86% with an APY of 2.90%. The other featured share or CD is the Special 30 month Certificate. For a minimum deposit of $18,000, the 30 month CD has an interest rate of 2.23% with an APY of 2.25%.

For a minimum deposit of $100, the standard EasyStart Certificate’s 1 year CD has an interest rate of 1.44% with an APY of 1.45%. The 6 months CD requires $2,500 minimum deposit for a 26 weeks term. It has an interest rate of 0.90% with an APY of 0.90%. The 9 month CD requires $10,000 minimum deposit. It has an interest rate of 1.18% with an APY of 1.20%. The 18 month CD requires $10,000 minimum deposit. It has an interest rate of 1.64% with an APY of 1.65%.

Also available are rates for CDs (or Share Certificates) with a minimum deposit of $1000. The 1 year CD has an interest rate of 1.44% with an APY of 1.45%. The 2 year CD has an interest rate of 1.88% with an APY of 1.90%. The 3 year CD has an interest rate of 2.18% with an APY of 2.20%. The 4 year CD has an interest rate of 2.47% with an APY of 2.50%. The 5 year CD has an interest rate of 2.81% with an APY of 2.85%. The 7 year CD has an interest rate of 3.78% with an APY of 3.85%.

These CD rates are current as of 2/25/2010 and may change without prior notice. Visit their website for many more Navy Credit Union CD rates.

EBSB Direct CD Rates

Douglas — Wed, 24 Feb 2010 11:52:10 +0000

The EBSB Direct CD rates are from a Massachusetts chartered stock savings bank that operates 13 full-services locations in the greater Boston metropolitan area. The East Boston Savings Bank had its beginnings in 1848 from an area in East Boston called Noodles Island. The area’s early merchants and world-famous shipbuilders established East Boston Savings Bank to serve the growing various immigrant populations settling into East Boston neighborhoods.

Today, the bank’s primary market consists of Essex, Middlesex, and Suffolk counties, Massachusetts. Communities also served by EBSB include East Boston, Everett, Lynn, Medford, Melrose, Peabody, Revere, Saugus, Wakefield, and Winthrop.

Presently, EBSB has Special CD Offers that require $1000 of new money as minimum deposit. The Special 10 month CD has an APY of 1.77%, while the Special 36 month CD has an APY of 2.75%.

Standard EBSB CDs are as follows. For a minimum deposit of $2500, the 6 month CD has an interest rate of 0.75% with an APY of 0.75%. From there on, the rest of the other CDs have a $1000 minimum deposit. The 9 month CD has an interest rate of 1.14% with an APY of 1.15%. The 12 month CD has an interest rate of 1.24% with an APY of 1.25%. The 15 month CD has an interest rate of 1.44% with an APY of 1.45%. The 18 month CD has an interest rate of 1.49% with an APY of 1.50%. The 24 month CD has an interest rate of 1.64% with an APY of 1.65%. The 30 month Step-Up CD has an interest rate of 2.03% with an APY of 2.05%. The 36 month CD has an interest rate of 2.47% with an APY of 2.50%. The 48 month Fixed Rate CD has an interest rate of 2.72% with an APY of 2.75%. The 60 month CD has an interest rate of 2.96% with an APY of 3.00%.

The Special Rates and the Step-Up CD offers are valid for a limited time only. These CD rates are current as of 2/24/2010 and may change without prior notice. Call or visit your local branch for more details on the EBSB Direct CD rates.

Zions CD Rates

Douglas — Tue, 23 Feb 2010 10:18:32 +0000

The Zions CD rates come from Utah’s first chartered savings bank and trust company. Zions First National Bank is a subsidiary of Zions Bancorporation which operates through over 500 offices and 600 ATMs in 10 Western states – Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington.

Zions First National Bank’s Regular CDs require a minimum deposit of $1000. The 3 month CD has an interest rate of .10% with an APY of .10%. The 6 month CD has an interest rate of 0.25% with an APY of 0.25%. The 1 year CD has an interest rate of 0.30% with an APY of .30%. The 2 year CD has an interest rate of 0.45% with an APY of 0.45%. The 3 year CD has an interest rate of 0.95% with an APY of 0.95%. The 4 year CD has an interest rate of 1.50% with an APY of 1.51%. The 5 year CD has an interest rate of 1.80% with an APY of 1.81%.

Zions’ Gold CDs not only require a minimum deposit of $1000 but also requires a Gold Checking Account. If the Gold Checking account is closed for whatever reason, the interest rate may be reduced to the non-Gold rate. The Gold CD rates are as follows. The 3 month CD has an interest rate of 0.10% with an APY of 0.10%. The 6 month CD has an interest rate of 0.25% with an APY of 0.25%. The 1 year CD has an interest rate of 0.60% with an APY of 0.60%. The 2 year CD has an interest rate of 0.85% with an APY of .85%. The 3 year CD has an interest rate of 1.35% with an APY of 1.36%. The 4 year CD has an interest rate 1.90% with an APY of 1.91%. The 5 year CD has an interest rate of 1.90% with an APY of 1.91%.

These CD rates are posted 2/23/2010 and are subject to change without prior notice. Visit their website for more details on other Zions CD rates.