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Archive for High CD Rates – Page 2

Higher Rates for Higher Deposits at MetLife Bank

By BankAim · Comments (0)
Saturday, June 2nd, 2012

We all want our money to work for us, and this is where interest rates work at our advantage. We all know that one of the most secure ways to make our money earn is by investing in certificates of deposit. One of the best places we can do so is at MetLife Bank.

MetLife Bank is known for solid financial services and insurance offers that they provide to their customers. They are indeed committed in making sure that they help their clients and customers build a good financial future. They also offer competitive rates to keep their clients investments on top of the market. In terms of security, MetLife is FDIC insured, ensuring their depositors money for as much as $250,000.

MetLife Certificates of Deposits

Unlike most banks where the CD rates are fixed depending on the term chosen, MetLife Bank is offering their depositors higher rates for larger deposits. For example, a three month term with a deposit of $2,000 to $14,999, can give you an APY of 0.25% whereas deposits of $15,000 to $24,999 can give a higher APY of 0.35%. Furthermore, deposits of $25,000 – $49,999 can give a rate of 0.45%. They also have jumbo CDs for deposits over $100,000 which offers an even higher rate of 0.50%, and that’s only for the three month term. For the 12 month term, a deposit of $2,000 to $14,999, can give an annual percentage yield of 0.85%, and as much as 1.05% for jumbo CDs.

With these unique tiered rates, depositors can be encouraged to save more, so they can also make the most out of their money. The other rates they have can be found in their website and for those who are interested they can simply contact MetLife and ask questions with regards to their certificates of deposits.

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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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Find Great CD Rates From Nashville Credit Union

By BankAim · Comments (0)
Saturday, March 31st, 2012

There is safety in savings, and certificates of deposit are the perfect example for this. But getting yourself a good deal with a competitive interest rate may be hard to do. However, great offers can come from local companies, and Nashville Credit Union is no exception.

CD Rate Offers

Nashville Credit Union offers varying certificate deposits to suits every individual’s different needs. To date, their 1-year APY of 1.31% is their best offer as the market in national CD rates comes even lower than that which NCU offers. Although this offer still rings far from fellow credit unions, such as Riverfork Federal CU’s 1.40% APY, this is a good rate deal nonetheless.

Term – APY – Penalty

8 months
(240 days) - 1.05% – 90 days
12 months
(365 days) - 1.31% – 90 days
15 months
(450 days) - 1.31% – 90 days
24 months
(730 days) – 1.76% – 180 days
36 months
(1095 days) - 1.81% – 180 days
60 months
(1825 days) – 1.81% – 365 days

Should an early withdrawal be issued, the penalty rates are placed at a variable amount.

To open an account, a minimum deposit amounting to $1,000 is required. Interests incurred from the investment shall be added to the account on a quarterly basis. And unlike other companies, there is no maintenance fee needed, so you can just literally sit back, relax, and let NCU do all the work for your money’s growth.

Applying For Membership

Credit unions are notorious for their exclusivity in terms of membership, but at NCU, many organizations or employees of affiliated companies can become a member. These companies include Martin Motors, Spandeck, Propex Fabrics Co., BH Electronics, and Steel Building Sytems Inc. among many others.

Individuals who may be related by blood to the employees of the said companies are also eligible for membership. Retired professionals and their family members can join NCU as well.

About NCU

This company was founded in 1973 and started out as a cooperative to residents of Nashville. Many years later on and countless accreditations after, NCU is now duly recognized by the National Credit Union Administration. It offers services such as savings and checking accounts, as well as loans.

Certificates of deposits are certainly a reliable way of saving up money for something you need in the future. Once you open a CD account with NCU, you can make those short-term or long-term goals come true in no time.

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Northpointe Bank Offers a Special CD Term with No Early Penalty Fee

By BankAim · Comments (0)
Thursday, March 15th, 2012

Low rates are often the reason why banks fail to attract customers. However, there are those which provide flexibility and great promotions in order to help one reduce the risk of falling into a low-earning CD term. But if you find yourself wanting to withdraw your investment during the term, you may be faced with more penalty fees to pay for than your initial investment. Northpointe Bank is an exception.

Special CD Term

Northpointe Bank’s most current CD rates are listed as follows:

CD Term – (Fixed) Rates – APY
7-91 Days – 0.30% – 0.30%
92-182 Days – 0.30% – 0.30%
6-11 Months – 0.50% – 0.50%
12-17 Months – 0.65% – 0.65%
18-23 Months – 0.85% – 0.85%
24-29 Months – 1.00% – 1.00%
36-37 Months – 1.19% – 1.20%
48-59 Months – 1.59% – 1.60%
60+ Months – 1.78% – 1.80%

All these CD terms require an initial minimum deposit of $5,000. This deposit must not come from an existing Northpointe Bank account. Although these rates have a fixed APY during their period of maturity, terms ranging from 6 months up to 5 years and above can have flexible agreements if one wishes.

It is interesting to note that for the 1-year CD term, Northpointe’s 1.00% APY is much higher than the national average of 0.76%. This competitive rate already assures potential customers that their money will work just right for them.

What makes the rates even more competitive is their special early withdrawal penalty feature. This means you won’t have to pay any fee for early withdrawals after the first 30 months for terms higher than the 24-29 month maturity.

For example, a 60-month CD term can allow you to make an early withdrawal between the 30-60 month time period of the term’s maturity. This is good news when rates continue to rise. By then, you’ll end up better off with the said 60-month terms as compared to the 30-month term.

Although the bank is located in Michigan, it accepts deposits from other states. This can be done either through wire or check transfer.

All deposits made to the CD account are federally insured up to $25,000. Once maturity is reached, there is a ten-day period during which you can withdraw the total earnings or renew for another term of your choice.

In conclusion, CD rates of Northpointe Bank places very well on the national scale, although it’s overshadowed by rates from Ally Bank and CIT Bank. Despite this, Northpointe compensates for its amazing no early penalty promotion. This is something unique for banks offering different CD terms, and certainly a very desirable option in the long run.

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Special 16-month CD rate offer from Texas Security Bank

By BankAim · Comments (0)
Tuesday, March 13th, 2012

Promotions for CD rates are certainly a good deal, as saving up for a rainy day can give you sunnier days ahead. Texas Security Bank has been one of the few financial companies that continue to offer competitive rates. But now, it seems that this Dallas giant has its game face on. We’re talking about its special 16-month CD rate promotion.

How the Rate Compares

Think about it. The National CD rate average for a 1-year term is 0.77%. But with Texas Security Bank, an additional 4 months in your CD deposit can get you a relatively high yield of 1.60%. This is certainly a thing of joy for anyone who wants to grow money in just a short amount of time.

If you’re planning to head to the nearest branch to make that deposit, you better do it now. This offer is good only until March 31st. This special rate is applicable to new accounts with a minimum investment of $1,000, and only up to $2,500 maximum deposit.

Other CD Terms and Rates

If a 12-month term is more of your fancy, there really is no reason for you to worry still. With its regular 1-year APY of 1.00%, you will get higher than average returns for your investment. Here is a look at some of their other rates:

60 months – 1.60%
36 months – 1.05%
30 months – 1.00%
24 months – 0.90%
12 months – 0.65%
6 months – 0.35%
3 months – 0.25%
28 days – 0.15%

All accounts require a minimum deposit of not less than $1,000. This is also the amount that must be maintained in the account daily. Except for the 28-day and 3-month maturity, all account will bear interest on a quarterly basis. The aforementioned two short-term accounts will get the added interest upon its maturity.

Early withdrawals will naturally incur penalties. The penalty fee will depend upon the type of term applied for. For terms of below 6 months, the penalty fee will be
All the interest incurred. As for a 6-month terms, fee is equivalent to 30 days of interest. A 12-month term will incur 90 days worth of interest, while those terms of more than 12 months get the early withdrawal penalty of 180 days interest.

Texas Security Bank branches are located only in Dallas and Garland. As such, local bank’s great CD rate offer will benefit only a few, so if you’re qualified, grab the opportunity while you can.

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1.05% APY from Ascencia Bank Secures CD rate Competency from Internet Banks

By BankAim · Comments (0)
Saturday, February 11th, 2012

When you think of online banking, you may feel rather apprehensive about applying for an account. Traditional banking has always provided a sense of familiarity and security. Because of this, making transactions from an Internet bank may lead others feeling unsure and doubtful.

Comparison of Rates

Fortunately, Internet banks like Ascencia Bank has shown that it has what it takes to rub shoulders with the leaders in banking. Currently, they offer a 1.05% APY for 1-year CD deposits. This amount is almost comparable to CIT Bank’s 1.08% and Ally Bank’s 1.00% – both of which are operating in the traditional banking way.

The 1.05% APY offering of Ascencia Bank is higher than another Internet bank giant, Virtual Bank. The latter currently offers a 1.01% APY. However, it can be noted that while Ascencia Bank compounds monthly, Virtual Bank does so daily. Generally, daily compounding can yield higher interest, but only on a small-scale difference to the monthly compounding.

Opening a CD account under Ascencia Bank would only require you to deposit $500 at the least, and up to $97,000 at most. As with any other banks, they also offer different CD terms. For their 6-month CD, an APY of 0.75% is issued. Both 2-year and 2.5-year CDs get a 0.95% APY, while a 3-year term allows one to earn a 1.16% APY. Lastly, their 5-year CD scheme can allow up to 1.28% annual growth of your money.

In as little as 20 days upon approval of your application, your money starts to benefit from the APY offered. You start gaining interest when all fees are paid and documents are submitted or signed.

Because an APY assures you of the total percentage growth if and only if you maintain the account for the specified term, an early withdrawal will forfeit you for gaining the same benefit. In this case, penalty fees are drawn in accordance to the regulations specified by Ascencia Bank. Similarly, withdrawal is not allowed within 90 days from opening the account.

About Ascencia Bank

Ascencia Bank is among the first few online banks that started to mushroom out in the past decade. Established in 1999, Ascencia Bank was launched by Porter Bankcorp, Inc. as a subsidiary. Now, it is recognized as one of the most successful Internet banks in the country. Its headquarter is located in Louisville, KY.

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Competitive CD Rates from CNB Bank Direct

By BankAim · Comments (0)
Friday, February 3rd, 2012

It looks like the money market is on a steady ride. CD rates have been holding it out at rates of 1.18% on five-year jumbos, and 0.21% at six-month CD terms. The national average for 1-year CDs has remained unchanged at 0.34% APY.

With this stability, one might start to think that it’s high time to open a CD account. CNB Bank Direct offers a competitive rate of 1.00% on an annual CD.

The Rates

CNB Banks offers almost three times as much as the national average of 0.34% per 1-year term. As for other Cd terms, they can offer 1.05% APY on an 18-month CD, and a 1.20% APY for a 24-month CD. When you take things into perspective, any deal doesn’t get any greater than this.

In order to open a CD account, you must first have a CNB Bank Direct high yield savings account. This makes you eligible to open the certificate of deposit. As previously stated, you can choose any of the three terms they offer – the 12-month, 18-month, and 24-month. Once you’ve chosen the term that best suits your needs, you can get the initial deposit funding from your previous savings account. The bank requires $25,000 initial deposit, which is taken from that primary account. Once you start receiving monthly interest, you can either credit it to your savings account, or directly to your CD account.

As with other CD accounts, there is a penalty for early withdrawals. An exception is made when there is an eventual death of the depositor. Should there be any legal incompetence, a no-penalty withdrawal is issued as well.

To open your initial CNB Bank Direct high yield savings account, you must pass an application online. An email bearing the confirmation of your application will be sent. There will also be additional emails to guide you through the process.

The amount of time wherein you have to wait to get your CD account will vary. Multiple factors account for this, but you are assured that interest will start to come in once the transfer will be completed.

Insurance policies have been re-adjusted as well. An FDIC insurance can get you up to $250,000, which takes effect up until the 31st of December 2013. This is partly due to the current economic trends and concerns.

Although CNB Bank Direct only launched in 2008, it has proved its worth and credibility over the past few years. And with a good interest rate offering like this, who would even think twice of opening an account with them?

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First National Bank of Pawnee Ups its APY Rates

By BankAim · Comments (0)
Sunday, January 29th, 2012

Sometimes, small-town banks have it better. Take for example the First National Bank of Pawnee. Catering specifically to the needs of residents in its state of Oklahoma, the bank is able to offer much higher APR and APY rates. On the National Average, banks are only able to offer an APY of 0.65% – 0.99%. Any other bank that’s able to provide much higher rates is a sure winner, and in this case, it’s the FNB of Pawnee. Just take a look at their offerings:

Certificate of Deposit - APY

91 day single maturity CD - 0.50%
182 day single maturity CD - 1.000%
182 day auto-renewable CD - 1.000%
1 year single maturity CD – 1.21%
1 year auto-renewable CD - 1.21%
18 month single maturity CD - 1.31%
2 year single maturity CD - 1.51%
2 year auto-renewable CD - 1.51%
3 year single maturity CD - 2.02%
3 year auto-renewable CD - 2.02%
4 year single maturity CD - 2.17%
4 year auto-renewable CD - 2.17%

They offer flexibility in terms of managing how long you want to keep an account for. You can have it for as short as 91 days or for as long as 4 years. And because you can choose an account that’s auto-renewable, you can just leave your money to keep growing and growing for the many years to come.

One of the most important requirements for you to be able to open an account is that you have to be a resident of the state. Since they do not accept any form of out-of-state money, this can either be an advantage to you if you’re from the small county, or a disadvantage if you’re not.

They also require $1,000 minimum initial deposit if you’re applying for the 1-4 year CDs. However, if you’re only going for the 91 or 182 day CDs, you must meet the minimum requirement of $2,500.

How do you get the interest? The FNB can either issue you a check, or directly deposit it in your checking or savings account. Of course, you can just add it up to the CD so you can get more of it when it reaches maturity.

However, as with other CD accounts, there are penalty fees for early withdrawal. It might be prudent to carefully think over the type of CD plan you intend to go for so as to prevent unnecessary payments that will prove to be a big loss on an otherwise fruitful gain.

About FNB of Pawnee

Serving the small county of Pawnee in Oklahoma since 1893, the First National Bank of Pawnee has since evolved from a small bank into a full financial institution it is today. Even with its small staff of 25, and catering to a small number of people, it boasts of at least $50 million in assets. Since its foundation, the bank has experienced depressions, wars, and drought. But despite all these, its financial integrity remained strong, and that is why it has become one of the most trusted names in banking in the state of Oklahoma.

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Pen-Fed Offers High 1.50% APY for 1 Yr CD to US Military

By BankAim · Comments (0)
Wednesday, January 18th, 2012

With today’s standard APY fixed at a 1-year CD of 0.99%, finding rates higher than this is like finding a pot of gold at the end of the rainbow – lucky and very rewarding. Specifically created for the benefit of members of the US military, the Pentagon-Federal Credit Union offers an interest rate of 1.50% annually in their certificate of deposit accounts. This offer is among the highest there is today, alongside Doral Bank’s 1.50% and AloStar Bank of Commerce’s 1.030% APY.

The Money Market Certificate

While traditional CD offers compounding your deposits annually at the least, the Pen-Fed offers what is called the Money Market Certificate. Here, your money can be compounded in six months. After this, you can have the option to transfer the amount to another account, or credited at maturity as well.

In order to open a new account, you need to deposit only a minimum of $1,000. Penalty fees are issued when the account is withdrawn before it reaches maturity, however, you may utilize 95% of the initial amount for the certificate to be used as collateral when you loan.

Upon opening an account, you are automatically given free reign over the dividend options of your certificate. You may get to choose any of the following actions:

1. Sum up the dividends to your certificate
2. Have them transferred to your Checking, Sharing, or Money Market Account
3. Sent to you through a check

Upon maturity of the principal amount, you can use any of the aforementioned choices as well.

Unless you inform Pen-Fed of any changes in your decision, automatic renewal of the certificate will ensue.

Truly, the Pen-Fed Credit Union allows those in service to not only save lives, but save their money as well.

About Pen-Fed

For over 77 years, the Pentagon Federal Credit Union has catered to the banking and financial needs of members from the US Army, Air Force, Department of Homeland Security, Coast Guard, Department of Defense, veterans of foreign wars, and other defense-related companies.

With over $15 billion in assets and its strong credibility built from years of experience, the Pen-Fed Credit Union is one of the most stable and trusted companies in the country. Just like its members, the men and women that help protect our nation, the Pen-Fed is well-reputed for its attention to the utmost security of its accounts.

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