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Suntrust’s ‘Call In’ 13 Month Special CD Rate Offer

By BankAim · Comments (0) · July 23rd, 2010
Friday, July 23rd, 2010

Suntrust LogoIf you are browsing the net for good CD Rates you may come across a “Special Call in Offer” from Suntrust Bank.

Suntrust has their list of CD rates but in the 13 month CD Rate row it says, “Please call us for current special offer rate”.

At first glance their CD Rates do not seem to be all that impressive, so I thought with a “Call in to get this rate” offer perhaps the 13 month CD option was competitive.

And although this is a fantastic marketing strategy to get people on the phone and talking with a Suntrust represenative the CD rate was nothing special.  It fell right in line with the rest.

I made the call and discovered the 13 month APY was only 1.01%. Not all that great when compared to the highest cd rates right now.

I also discovered you need a previous relationship with them in order to open a CD account.  This simply means they want you to open up a checking account with a minimum balance of $25.

With low APY and no checking account promotions going on right now through Suntrust the ‘Call In’ special doesn’t appear to be that great of a deal.

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Categories : Bank Info, CD Rates
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Flagstar CD Rates – Great 6 and 12 month Options

By BankAim · Comments (0) · July 20th, 2010
Tuesday, July 20th, 2010

Flagstar CD RatesFlagstar Direct is offering some pretty competitive nation wide 6 month and 12 month CD Rates.

Flagstar CDs are FDIC insured and the rate will remain locked the entirety of the term.

Flagstar CD Rates:

  • 6 Month – 1.25% apy – $500 Minimum Deposit
  • 12 Month – 1.55% apy – $500 Minimum Deposit

Certain fees will be applied to your CD for early withdraw. Those fees are as follows:

  • 6 Months — A fee equal to 30 days of interest, whether the interest is earned or unearned.
  • 12 Months — A fee equal to 180 days of interest, whether the interest is earned or unearned.

Other important disclosures:

  • No additional funds after opening may be deposited before maturity.
  • You may withdraw interest any time during the term after the interest is credited to your account.
  • Visit Flagstar CD Rates page here for more information.

Why open a Certificate of Deposit?

When opening a CD with Flagstar, or other financial institutions, you are putting your money in a low-risk investment with a guaranteed competitive rate. Your money remains secure in a CD.  Placing your money in volatile investments or low interest savings accounts can be risky and less rewarding.  Investing in a CD is quick easy and you will always reap a reward.

Remember to check out our Best CD Rates Nationwide.

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Best CD Rates For Monday July 19 2010

By BankAim · Comments (0) · July 19th, 2010
Monday, July 19th, 2010

Sometimes the best CD rates come from local Credit Unions. Most Credit Unions only allow local residents to join their union, making it difficult on finding the best CD Rates.

We have found two credit unions who offer the top rates nationally on 3 month up to 5 year certificates of deposit.

Most credit unions if they are not only open to local residents require you to qualify for their membership. For instance Boeing used to be only opened to Boeing employees and most local teachers credit unions where only opened to teachers. Many credit unions have been laxing their restrictions to gain the business of others.

To join the Fort Knox credit union all you have to do is join the American Consumer Council right on their website. Follow the instructions on becoming a member. For “Eligibility Criteria,” use the menu to click on “American Consumer Council/Kentucky Chapter.”

Joining this credit union is simple in terms of qualifying for their membership. Once you have completed the application process you will be automatically enrolled into the consumer advocacy group which will give you access to their best CD rates.

The cost for joining their credit union is $15.

The Melrose Credit Union allows all U.S. residents to join their membership and the cost is only $1

All deposits at Fort Knox and Melrose are federally insured by the NCUA (National Credit Union Administration).

You can compare these CD rates from a list of the top CDs currently being offered and see why they are on top of the list for best CD rates so far this month.

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Mortgage Rates Update – July 19th

By BankAim · Comments (0) · July 19th, 2010
Monday, July 19th, 2010

Mortgage Rates dipped slightly after a week of raising rates.  Rates are still sitting at some of the lowest rates we have seen in a long time.  Due to the recession and fears of a double dip recession rates continue to remain in the low to mid fours.

Last week rates were on the rise due to high corporate earnings reports.  This week they are dipping back down.  Do not hesitate to lock in your loan.  These are historically low rates and now is a wonderful time to lock in on your purchase or refinance.

This Week:

  • 30 year fixed – 4.59%
  • 15 year fixed – 4.10%
  • 5/1 ARM – 3.70%
  • 30 year fixed refi – 4.48%

Compared to Last Week:

  • 30 year fixed – 4.63%
  • 15 year fixed – 4.13%
  • 5/1 ARM – 3.72%
  • 30 year fixed refi – 4.53%

Is this an old Article? Check out Mortgage Rates to see the up to date national mortgage rates.

4.59%
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Wisconsin CD Rate At 2.70% For 28 Months

By BankAim · Comments (0) · July 16th, 2010
Friday, July 16th, 2010

Here is a great deal for Wisconsin residents. Settlers bank is offering a 2.70% CD on a 28 month term or 1.70% on a 15 month CD. This bank is located north of Madison in DeForest, Wisconsin. Both of these CD rates are higher the national average and currently this is the highest rate we have seen for a 15 and 28 month term.

The downside of this CD is it must be purchased in person at the local branch and requires a large $25,000 deposit.

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High CD Rates in Florida – And Nationwide

By BankAim · Comments (0) · July 16th, 2010
Friday, July 16th, 2010

EverBank of Jacksonville Florida is offering one of the best CD rates for Florida and the nation.

The Yield Pledge® Certificate of Deposit is offering high yields and is FDIC Insured.  With the Yield Pledge you can expect your savings to earn high yields that EverBank promises to be in the top 5% of competitive accounts from leading banks. This is true when purchasing the CD and when it rolls over.

Check out the National Best CD Rates Here.

Here are the EverBank benefits.

  • No more chasing for a high yield when you open or roll over a CD — Yield Pledge does that automatically.
  • Choose your term. –  Make the CD mold to your financial needs and goals.
  • Great features such as a reminder sent to you twenty days prior to maturity and automated rollovers.

EverBank Yield Pleadge CD Rates:

  • 3 month – 0.58% APY
  • 6 month - 0.80% APY
  • 9 month - 0.97% APY
  • 1 year - 1.19% APY
  • 2 year - 1.71% APY
  • 3 year - 1.92% APY
  • 5 year - 2.84% APY

Visit EverBank for more info and CD Minimum Balances.

EverBank can serve you.  These are not just CD Rates in Florida, but nationwide.

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SallieMae CD Rates

By BankAim · Comments (0) · July 15th, 2010
Thursday, July 15th, 2010

SallieMae CD Rates SallieMae, who is traditionally known for their student loans, have some new and very attractive certificate of deposits.

With products that have no minimum deposit and no monthly fees it makes getting into a SallieMae CD pretty easy to do.  The CDs are FDIC insured and SallieMae claims rates as hi as 3.0 apy.

Being new into the online bank retail space, including CDs and Savings Accounts (see SallieMae Savings Accounts here), it appears SallieMae is marketing aggressive rates to get clients.

Here is a quick and easy to read break down of the CD Rates and Guidelines at SallieMae:

  • No Monthly Charges
  • No Minimum Deposit
  • No Hidden Charges
  • 12 month CD at 1.50% APY
  • 3 Year CD at 2.20% APY
  • 5 Year CD at 3.00% APY
  • FDIC Insured

A word from SallieMae, “We have a CD term and rate that’s right for you and your goals. It’s simple to start and even easier to earn more because the returns are guaranteed! Open your account today.”

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Discover Bank Offers Competitive CD Rates

By BankAim · Comments (0) · July 15th, 2010
Thursday, July 15th, 2010

Discover Bank is offering some of the highest CD rates in the nation. The current 12 month CD rate from Discover Bank is 1.50% APY, while the national average for the same term is around 0.83%. You can still find better rates with other lenders such as Ally Bank.

One of the advantages of going through Discover Bank for your CD is their Early Withdrawal Fees. Most banks charge hefty fees for withdrawing your money before the end of the term, such as Chase Banks Early Withdrawal Penalty. Discover Bank will only charge:

  • 3 months interest on any CD of less than one year
  • 6 months interest of terms from one year to 5 years
  • And 9 months interest of any CD greater than 5 years

Be careful for any bank’s Early Withdrawal Penalty.

Here is an example of Chase Bank’s early withdrawal penalty:

For terms of one year or more, the early withdrawal penalty is equal to $25.00 plus 3% of the amount withdrawn.

With Discover Bank the fee is pretty standard for most banks and institutions.

Here are the most popular CDs from Discover Bank

  • 3 Month CD Rates 0.65% APY 0.65%
  • 6 Month CD Rates 1.14% APY 1.15%
  • 9 Month CD Rates 1.14% APY 1.15%
  • 12 Month CD Rates 1.49% APY 1.50%
  • 18 Month CD Rates 1.59% APY 1.60%
  • 24 Month CD Rates 1.88% APY 1.90%
  • 30 Month CD Rates 2.03% APY 2.05%
  • 3 Year Bank CD Rates 2.23% APY 2.25%
  • 4 Year Bank CD Rates 2.42% APY 2.45%
  • 5 Year Bank CD Rates 2.96% APY 3.00%
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