Posted by High CD Rate on 2010/01/30
American Express Bank now offers a couple of personal investment online banking products. Their highest CD rates are on a 2 year/24 month certificate of deposit with 2.00% APY interest.
AMEX Bank also has a variable interest rate “high yield’ savings account that currently earns a generous 1.50% APY. While this bank rate is subject to change it is defintely a competative rate. Capital One direct banking (online only) actually has higher savings rates at 1.55% APY but $2,500 minimum average daily balance must be maintained to earn that interest rate. Also the first twenty five hundred dollars in the account do not earn any interest at all: 0%. American Express pays interest on the entire bank account balance.
Posted by High CD Rate on 2009/04/29
If you are looking for an 18 month certificate of deposit then get the best CD rates at State Farm Bank. They are offering an especially high rate of 2.67% APR, 2.71% APY on 18 month C.D.s. This special term CD is not available online. You must call State Farm Bank at 1-877-734-2265 or contact a State Farm agent.
Posted by High CD Rate on 2009/02/19
GMAC Bank has the best CD rates for 12 month CDs and 3 year certificates of deposit.
- 12 mo CD rates: 2.85% APY
- 3 yr CD rates: 3.00% Annual Percentage Yield
There is a five hundred dollar minimum deposit requirement and there is a penalty for early withdrawal.
GMAC Bank is the online banking division of GMAC Financial Services, an automotive lending institution.
GMACBank is FDIC insured.
Posted by High CD Rate on 2009/02/03
Discover Bank has best CD rates on 3 year CDs and 4 year CDs.
- Three year CD interest rate: 3.20% APR | 3.25% APY
- Four year CD interest rate: 3.40% APR | 3.45% APY
- Minimum Deposit: $2500
With these high CD rates the minimum deposit of $2500 in a 3 year CD would earn about $251 dollars in interest and a 4 year CD would earn about $363 dollars in interest. This certificate of deposit is a risk free investment since Discover Bank is FDIC insured. An early withdrawal penalty applies if withdrawal is made before CD maturity.
Discover Bank has been in business for over 95 years. They’re well known for their credit cards since they give very generous cash rewards. There is also a dedicated Discover gas credit card that earns 5% cash back at any gas station plus cash back for regular purchases.
Posted by High CD Rate on 2009/02/02
New South Federal Bank has Certificates of Deposit with maturity terms of 30 days to 5 years. Here is a comprehensive list of all of their current CD rates:
30 days CD rates: 1.24% APR | 1.25% APY
60 days CD rates: 1.49% APR | 1.50% APY
3 months CD rates: 1.99% APR | 2.00% APY
6 months CD rates: 2.48% APR | 2.50% APY
12 months CD rates: 2.76% APR | 2.80% APY
18 months CD rates: 2.76% APR | 2.80% APY
24 months CD rates: 2.76% APR | 2.80% APY
30 months CD rates: 2.76% APR | 2.80% APY
3 years CD rates: 2.76% APR | 2.80% APY
5 years CD rates: 2.96% APR | 3.00% APY
New South Federal Savings Bank only requires 1000 bucks to open a new certificate of deposit so why not open one online today? In addition to their investment banking products New South Federal Savings Bank also provides consumer credit in the form of home mortgage loans and automobile loans.
Posted by High CD Rate on 2009/01/30
Bank of America is offering high yield CDs from $5000 to $500000 with a CD rate of 1.85% APY for 7 months. This interest rate is valid in California and may vary by geographic region.
BofA also has no risk 9 month CDs with a lower annual percentage yield of 1.75%. There is a penalty for early withdrawal after the first 6 days of opening this CD account but it’s waived if the money is reinvested into another Bank of America deposit account. These certificates of deposit earn a lower CD rate for a longer term since there is some degree of protection against withdrawal before CD maturity.
B of A has a large presence in the United States with 4955 places to access money (ATMs and local bank branches) in California alone.
Posted by High CD Rate on 2009/01/22
Igobanking online bank has high CD rates at 3.25% APY for 24 month certificates of deposit. A thousand bucks is required to get started. Don’t have enough for the minimum deposit? iGObanking.com also offers other investment accounts such as online savings accounts and online checking accounts with a one dollar initial deposit requirement. The FDIC backs up investments at iGObanking for up to $250,000 per account holder.
Posted by High CD Rate on 2009/01/13
High interest rates on CDs can yield more return on investment. Search for interest rate charts on blogs and compare CD interest rates. Investment bank CDs pay you interest based on the APY or Annual Percentage Yield. Some banks offer high interest rates while others offer low interest rates. Certificates of Deposit are investment products that banks offer to their customers so the bank can use the money to lend out to make more money on interest from mortgage loans and other loans offered by the bank.
The internet is an invaluable tool when making CD interest rate comparisons. Internet banking rates depend on the prime rate and the bank’s forecast on the bank prime interest rate. Market rates can change daily and going to a bank’s website will get you the most current CD rates available.
Save your Money
Opening a certificate of deposit with a bank that is FDIC insured has virtually no risk since the US Government is providing insurance for your investment. CD rates have historically been higher than online bank savings rates however the US Economy is in a recession and the future of banking is uncertain. Investing in CDs is a safe way to make money with your money.