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Archive for CD Rates – Page 4

Competitive CD Rates Offered By EH Bank

By BankAim · Comments (0)
Wednesday, May 23rd, 2012

With the national average for CD rates keeping a steady hold these days, the quest for competitive CD offers continues. One of the best deals in town comes from no less than a local finance company. EH Bank, which is situated in California, has much higher-than-average rates that you’re sure to go after for.

About the Rates

EH Bank offers three different types of CD schemes: personal, business, and individual retirement accounts or IRA.

For the personal account CD rates, the best deal comes form their 1-year maturity term. An APY of 1.05% is no doubt much better than the national average of 0.76% for the same time period. The full list of their term and respective APYs are as follows:

Personal CDs APY
3 month Cd over 100K - 0.30%
3 month CD over 100K - 0.30%
6 month Cd over 100K - 0.80%
6 month CD over 100K - 0.80%
12 month Cd over 100K - 1.05%
12 month CD over 100K - 1.05%
24 month Cd over 100K - 1.20%
24 month CD over 100K - 1.20%

Business CDs have equally the same features and rates, while IRAs yield slightly higher returns for your money.

IRA APY
12 Month traditional IRA - 1.05%
36 Month traditional IRA - 1.40%
60 Month traditional IRA - 1.85%
12 month roth IRA - 1.05%
36 month roth IRA - 1.40%
60 month roth IRA - 1.85%

As it is with certificates of deposit, withdrawals cannot be made without penalties. Since this is a fixed term investment vehicle, the longer the term, the higher the growth of your money. All these terms compound interest on a daily basis. The credited statement will be issued upon maturity should you choose to withdraw the earnings.

Once you sign up for a CD term, you will need to enroll in online banking at EH Bank’s website so you can have 24/7 access to your account.

About EH Bank

Rooted in Beverly Hills, California, EH Bank is touted among largest SBA lenders in the country, finishing at seventh place. This mark of excellence continues to motivate the employees as well as the owners of EH Bank to pursue a full-speed route towards great service.

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Save More With AIG Bank’s Certificates of Deposit

By BankAim · Comments (0)
Friday, May 18th, 2012

The importance of saving for the future just can’t be stressed enough. And today people are financially savvy enough to realize that regular savings accounts just aren’t enough to make their money grow. And that’s where certificates of deposits come in. This gives people bigger growth in terms of interest, while still keeping their money safe. When the right time comes to withdraw it, your money will definitely increase in value.

One of the banks that people can go for competitive CD rates is AIG Bank. Its mission and goal is to make it easier for their customers or clients to grow and increase their savings. The bank is FDIC insured giving people an assurance that their money is safe for as much as $250,000.

Opening a Certificate of Deposit

Getting a certificate of deposit at AIG Bank will assure you of high yield earnings. Many people are opening their accounts here because they know that their rates are higher compared to other financial institutions. For those who are interested, they can choose among these rates and its terms.

The six month period has an interest rate of 0.50% with an APY of 0.50%. This is much higher compared to the national rate which is only 0.33%. For those who will be choosing the 12-month term, a guaranteed 0.88% APY is offered. On the other hand for the two year period, an interest rate of 1.04% and an APY of 1.05%. In cases where individuals would want a longer term, they are given the choice of the 5 year or the 60 month term. The interest rate for this term is 1.59% with an APY of 1.60%. Obviously, these rates are very competitive and those who want to have savings for the future should lean on AIG Bank.

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A Higher Yield of Certificates of Deposits at Ally Financial Inc.

By BankAim · Comments (0)
Wednesday, May 16th, 2012

Certificates of deposits are a great way to save for the future. After all, you just have to place money in the bank, wait for maturity, and reap the rewards of the added interest. As we all know, saving money should be done by any person especially those who have families to look after. For those people who have plans of getting certificates of deposits, it maybe advantageous to get one at Ally Financial Inc.

About Ally Financial Inc.

This financial incorporation was established in the year 1919 and was then known as General Motors Acceptance Corporation or the GMAC. Ally Financial Inc. at first only provided financing services to those who had automotive financial problems but since then they expanded to other services such as direct banking, insurance, mortgages, and other financial issues. This shift made the company more well known especially to those who needed financial services from a trusted source.

Certificates of Deposits with a Higher Yield

So what make’s Ally’s CD a cut above the rest? First of all, their certificate of deposit doesn’t demand a minimum deposit. This is a great option for those who are looking to get good rates but who are on a tight budget. Aside from that, there are no monthly maintenance fees to worry about. And you can be insured that your money is FDIC Insured. Aside from these wonderful benefits, there are also the great rates to consider.

CD Rates and Terms

For those who will have a term of three months, the interest rate is 0.39% with an APY of 0.39%. The nine months terms will have an interest rate and an APY of 0.74%. While for the 12 months term, it’s APY and interest rates are 1.03%. And with the five year term, the interest rate is 1.68% and an APY or 1.69%. These APY and interest rates are much higher compared to other banks.

On the basis of average rates compared to other financial corporations, the Ally Financial Inc. certificates of deposits are higher. The average of Ally is 1.04% while Bank of America has only 0.35% and 0.50% for the ING Direct. It is then a very good choice for one to open a CD account in the Ally Financial Inc.

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Making Your Money Work Faster Through the Achiever CD at CITI Bank

By BankAim · Comments (0)
Thursday, May 10th, 2012

Today, people have become more aware on how important it is to save money. Because of inflation and the unstable economy, people are becoming more careful with their money, and they are realizing how important it is to always have something in their pockets and most especially in their bank accounts to call their own. This is the reason why many people are flocking towards certificates of deposits because they are making their money work faster especially when they choose the right CD rates. So what bank should they select in opening a certificate of deposit? Well, they should try out what Citi Bank has to offer.

CITI Bank is one of the best banks in the United States. It is FDIC insured and they are indeed committed to making sure that their client’s personal savings are well protected. Those who are planning to open a CD account may want to try CITI’s Achiever CD because of great rates and flexibility.

The Achiever CD will give their clients’ savings maximum flexibility and potential. When the rates go up the clients will be able to avail of higher rates as well. CITI Bank’s APY for a one year term is 1.08 % as of May 11, 2012 with a minimum deposit of $25,000. Some people might think that it’s a pretty large amount to risk yet it is a very advantageous move to make in terms of finances. CITI Bank’s CD rate is much higher compared to METLife Bank which is only 1.05% and with the same minimum deposit.

Opening a CD account is very easy for those who are interested; they can even do it online since this requires little effort and requirements. People will just need their social security number, driver’s license or any valid id with photo and a check or bank account number to make the money transfer electronically to the new CITI Bank Achiever account. This is how easy and fast availing of Citi Bank’s Achiever CD is.

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Better Mortgage Choices and Rates from Amerisave

By BankAim · Comments (0)
Wednesday, May 9th, 2012

Americans can greatly benefit from the best mortgage rates so that they will be able to get and acquire the house of their dreams. As we all know the United States is currently facing many financial problems from unemployment, lack of retirement funding, tight medical budgets, and depressed housing markets. Because owners simply could not come up with mortgage payments, many houses have headed for foreclosure.

But everybody needs a home, and low real estate markets may actually be a good thing. With low prices and affordable mortgage rates, things are looking up for those who want to acquire a new home.

One company that is offering the best deal in terms of mortgage is Amerisave. This is one insurance and financial organizations in the United States that is considered to be a fast growing company, providing affordable financing for many families today. Their main goal is to provide accurate and low mortgage rates and exceptional or outstanding services to its present and future customers. So what are the rates given by Amerisave? For those who are interested in getting the best mortgage rate, here’s a sample computation.

Borrowers who will be getting loans of more than $417,000 will have a 30 year fixed rate of 3.250 and an APR or an annual percentage rate of 3.391. These are the rates if they do choose the 30 year fixed period. Those who will be choosing the 15 year fixed, will have a rate of 2.750 and an APR of 2.888 while the 7 year ARM will have a rate of 1.750 and an APR of 2.922. These are just some the Amerisave mortgage rates that will really help a lot of people get more affordable financing schemes for their homes. What makes this company a good choice is the fact that they have a lot of options that interested individuals can select from and these options will surely be of big help to many people.

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Ascencia Bank’s Certificates of Deposits Offers 1.00% APY

By BankAim · Comments (0)
Monday, May 7th, 2012

Online banking has become very accessible nowadays especially to those individuals who don’t have time go to the bank because they have work to do. Through online banking, it has become very easy for them to track and update their accounts. One of the online banks that people can really trust is Ascencia bank that was established back in 1999. Its major headquarters is situated in Louisville, Kentucky and they are also even recognized as part of the most successful and well established internet banks in the United States.

Some people maybe apprehensive and hesitant to do online banking but with Ascencia bank they are provided with the best services and the promise that their accounts are secured all the time. One of the best services Ascencia Bank provides is their certificates of deposits. As we all know, people would want to choose the bank that offers the best deals and surely they can have this from Ascencia. The best offer this bank has is the one year CD with 1.00% APY. This is a competent rate which is much higher than the national average of 0.33%.

When people or families decide on opening a certificate of deposit account under Ascencia, they will only be required a minimum deposit of $500 and can deposit as much as $97,000. People can then choose how much they want to put into their deposits as long as it is within the range. Aside from the 1 year CD term, they also offer term periods. One is the six month period CD with an APY of only 0.81% while for the 2 year period has an APY of 1.04%. But for those who can wait for the 5 year certificate of deposit, clients can get as much as 1.56% annual growth.

For those who are planning of having the certificates of deposits just remember this CD rule. Choose a shorter term CD when current rates are low, and if you feel the rates will go up eventually, and longer term CDs when rates are high, and when you think the rates will go down over time.

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Invest In A CD Account With CNB Bank Direct’s Competitive Rates

By BankAim · Comments (0)
Wednesday, April 11th, 2012

Certificates of deposit have a good reputation these days, mainly due to the rising interest rates many lenders now offer. CNB Direct Bank puts your money into use so that you can exceed expectation for your money’s growth during a CD maturity.

How the Rates Compare

Some of the best national rates come from KeySource Bank and Doral Bank Direct which tie up at a 1.15% APY for a 1-year term. Another high offering is the 1.08% APY from CIT Bank. With these values, it seems pretty clear that these high-rollers have some competition with CNB Bank. Although the 1-year fixed APY of 1.00% from CNB compare to be slightly lesser than what the mentioned lenders offer, it still places significantly ahead of the current national rate of 0.69%.

There are two other maturity terms they offer – the 18-month and 24-month CD. At 1.05% APY, CNB’s 18-month offer may look a little disheartening, considering that KeySource gives a 1.20% APY for the same term. Local deals such as Gulf Coast Credit Union’s 1.65% APY in Texas and Veridian Credit Union’s 1.45% APY seem to be better deals.

However, the 2-year offer sheds some light and plus points for CNB Bank. It gives a fixed APY of 1.50%. Considering that competitors only provide the same service at 1.20% or lower, this is already a great deal in itself. An assurance that this is so is the fact that this amount is at par with the national average of 1.49%. A considerably small difference, but important nonetheless.

Terms and Conditions

Application for this certificate can be done online. For a minimum initial deposit of $25,000, you can start planning for the things you want or need to buy for when the term matures. Maximum amount for deposit is at $250,000.

For each interest incurred from the maturity of the certificate, the amount is added to the account. Another option is fro this to be transferred to your existing CNB Bank savings account.

About CNB Bank Direct

Although relatively new in the business, CNB Bank has grown into an institution that caters to mainly citizens in Ohio. It started out in 2008, requiring only $1 for anyone who wanted to open a savings account. CNB Bank Direct is all about the people, and its dedication to service can be seen most evidently in making sure they are able to assist them in their financial needs.

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Competitive CD Rate Offers From USAA

By BankAim · Comments (0)
Saturday, April 7th, 2012

If you want to put your money where it can grow and earn a good return, considering opening a certificate of deposit is your best choice. At USAA, you will find competitive rates to help you achieve your goals.

What They Offer

There are three types of certificates of deposits available – the variable rate CD, adjustable rate CD, and the fixed rate CD. These differ in what they offer in terms of flexibility and interest rates.

The variable rate CD is perfect for those who are looking for higher than the average rates in the current market, with the added benefit of making additional deposits during the term. Adjustable rate CDs suit those who want to increase the APY rate sometime during the term applied for should the rates rise. This way, the consumer will get the chance of having equally competitive rates with the adjustment option of up to 2%. On the other hand, the fixed-rate CD offer is a straightforward and guaranteed way of expanding the growth of your investment. However, you will not be allowed to make any additional deposits once the term begins to mature.

The APY for each type of CD term is listed as follows:

FIXED RATE APY

Term Standard ($1,000-$94,999)

30 days – N/A
91 days – 0.35%
120 days – N/A
150 days – N/A
182 days – 0.61%
7 months – 0.66%
270 days – 0.76%
1 year – 0.86%
15 months – 0.90%
18 months – 0.95%
2 years – 1.10%
30 months – 1.20%
3 years – 1.31%
4 months – 1.50%
5 years – 1.66%
7 years – 1.90%

JUMBO
$95,000-$174,000

30 days – 0.34%
91 days – 0.40%
120 days – 0.50%
150 days – 0.55%
182 days – 0.71%
7 months – 0.76%
270 days – 0.86%
1 year – 0.95%
15 months – 0.95%
18 months – 1.00%
2 years – 1.15%
30 months – 1.25%
3 years – 1.36%
4 months – 1.55%
5 years – 1.71%
7 years – 1.95%

Daily changes to interest rates are applicable for the variable rate CD terms, while the latter two’s interest rates will remain locked in for the entire period. Another difference among these three terms is how deposits are added. At any time during the term, variable CDs allow $25 deposits every now and then. Adjustable rate CDs do not allow deposits, but the rates can be adjusted. As for fixed rate CD terms, additional deposits are not allowed.

About USAA

USAA had its humble beginnings when it was started by 25 Army soldiers in 1922. Its organization started out as providing insurance to one another. Currently, USAA provide a wide range of other financial services to millions of people in the country.

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Enjoy 1.76% CD Rates From Goodyear-Danville Credit Union

By BankAim · Comments (0)
Friday, March 30th, 2012

With CD rates dropping down to a national average of 0.72% this week, many financial institutions have also been cutting off on their APYs. However, this cut-down pushed up, if not highlighted, the current CD interest rate from Goodyear-Danville Credit Union. Here’s why:

Competitive 1-year Rate

Bank mogul Ally Bank has a current 1-year offer of 1.09%. On the other hand, another giant, CIT banks holds steady with their 1.06% interest rate. But value for your investment really becomes worth it when you choose a credit union to open your CD account. Goodyear-Danville offers a high return of 1.76% APY and 1.75% dividend rate. This only comes in a close second to Route 1 Credit Union’s 1.77% APY. Based on these comparisons, Goodyear-Danville proves to remain competitive in its rate offering.

However, unlike other banks or credit unions, this is the only CD term being offered from Goodyear-Danville. A one-year CD maturity is said to be the safest and most low-risk investment anyone can make, and it seems this credit union is well bent on that. Since their 1-year offer is all they have, you can never choose anything less than that, but you can still apply for renewal for as long as you want.

Other services include regular savings accounts, loan accounts, and mortgages. Specifications for each account type can be looked up in their website.

Opening a CD account requires one to have an initial minimum deposit of $2500. If early withdrawal is done, the penalty will be based on a 90-day dividend fee. Through their online Internet teller, you can make your application and submit necessary documents for the account opening. All account information and statements can be accessed online thereafter. Just make sure you keep note of the account name and password the company will be giving you – although you can still change the password to your preference later on. Transactions are reflected online since this credit union fully utilizes online banking.

About Goodyear-Danville Credit Union

This local credit union opened in 1979 and was originally intended for employees of Goodyear-Danville. In 2004, it opened expansion to non-members of the company. However, membership is still restricted to immediate family members. And if you’re married, first degree relatives of your spouse can also become members.

Goodyear-Danville Headquarters is located in Danville,Virginia, USA. It is a proud member of the National Credit Union Association and FedComp, Inc.

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Variable APY Rates Offer From Nationwide Bank Proves To Be Competitive

By BankAim · Comments (0)
Tuesday, March 27th, 2012

Nationwide Bank proves that with great investing power comes bigger rewards. Their latest offering on CD rates do not only have highly competitive rates, but it also showcases the rewards you can expect by just adding a bit more to your initial CD deposit.

About the CD Terms

Laddering CD rates are not new, but it offers consumers more options on what to do with their money. Most banks and credit unions that offer certificates of deposit terms only stick to one APY for any given amount of investment, depending on the maturity term. With Nationwide Bank’s ladderized program offer, you can choose three different APYs in each maturity term offered.

Maturity – APY

$0 to $9, 999.99

3 Month Term - 0.35%
6 Month Term - 0.55%
9 Month Term - 0.60%
12 Month Term - 1.05%
18 Month Term - 1.10%
24 Month Term - 1.20%
36 Month Term - 1.40%
48 Month Term - 1.65%
60 Month Term - 1.75%

$10,000 to $99,999.99

3 Month Term - 0.35%
6 Month Term - 0.55%
9 Month Term - 0.60%
12 Month Term - 1.05%
18 Month Term – 1.10%
24 Month Term - 1.20%
36 Month Term - 1.40%
48 Month Term - 1.65%
60 Month Term - 1.75%

$100,00 and above

3 Month Term - 0.40%
6 Month Term - 0.60%
9 Month Term - 0.65%
12 Month Term - 1.10%
18 Month Term - 1.15%
24 Month Term - 1.25%
36 Month Term - 1.45%
48 Month Term - 1.70%
60 Month Term - 1.80%

Based on the national average of 0.72% for a 1-year term, Nationwide Bank’s offering definitely looks good. It even proves itself to be better than Discover Bank’s 0.90% APY, as with a number of equally big and credible companies.

These rates hold true whilst during the maturity period, and any withdrawals made earlier than the fixed date is subject to penalty. For accounts with maturity period of more than three months but less than six, the fee is calculated as 30 days interest of the withdrawn amount. For a less than 24 month-maturity term but more than six months, 90 days interest is incurred as the fee. Lastly, a two-year or higher maturity period yields an interest equal to 180 days on the same withdrawn amount.

Applying For A CD Account

In order to open a CD account, a secure online application must be done. Personal, contact, and financial information will be asked from you. In addition, the initial deposit to open an account must not be lower than $500. If you have met the figures in the investment bracket, your APY rate can go higher.

You may then choose to roll over a new account with a different term upon maturity or withdraw the whole sum.

Each CD account is federally insured up to $25,000

Overall, Nationwide Bank is a great place to lock in your CD investment. With their ladderized program and variable APYs, you can enjoy the rewards that come with such flexibility.

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