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Archive for High CD Rates – Page 4

Metlife Bank gives highest CD rate this June

By BankAim · Comments (0)
Thursday, June 9th, 2011

With certificates of deposit having an average yield of 0.45% this June, it’s hard to see us profiting much. But the thing is, despite this low average, there are still banks out there that can give us double that rate. One of the highest APY’s we can get this June is from Metlife Bank, with an annual percentage yield of a whopping 1.30%. Although minimum deposits for CD’s with Metlife start with as low as $2,000, only consumers with a minimum deposit of $25,000 can avail of this rate. This rate of 1.30% is for a 12 month CD. If you’re looking for other terms though, here’s the list:

All rates are Annual Percentage Yield (APY*)

1. 3 months
$2,000 – $14,999 : 0.25%
$15,000 – $24,999 : 0.35%
$25,000 – $49,999 : 0.45%

2. 6 months
$2,000 – $14,999 : 0.35%
$15,000 – $24,999 : 0.55%
$25,000 – $49,999 : 0.65%

3. 9 months
$2,000 – $14,999 : 0.40%
$15,000 – $24,999 : 0.65%
$25,000 – $49,999 : 0.70%

4. 12 months
$2,000 – $14,999 : 0.90%
$15,000 – $24,999 : 1.10%
$25,000 – $49,999 : 1.30%

5. 18 months
$2,000 – $14,999 : 1.15%
$15,000 – $24,999 : 1.25%
$25,000 – $49,999 : 1.35%

6. 24 months
$2,000 – $14,999 : 1.05%
$15,000 – $24,999 : 1.40%
$25,000 – $49,999 : 1.55%

7. 36 months
$2,000 – $14,999 : 1.50%
$15,000 – $24,999 : 1.75%
$25,000 – $49,999 : 1.90%

8. 48 months
$2,000 – $14,999 : 1.50%
$15,000 – $24,999 : 1.75%
$25,000 – $49,999 : 1.90%

9. 60 months
$2,000 – $14,999 : 1.50%
$15,000 – $24,999 : 1.75%
$25,000 – $49,999 : 1.90%

Metlife Bank is a federally chartered bank that begun in 2001. Despite it’s youth, this bank is already boasting a $10 billion in customer deposits and it is also ranked as one of the top 100 commercial banks in the United States. Aside from certificates of deposit, Metlife bank offers money market accounts, high yield savings accounts, and individual retirement accounts to help their customers get more out of their money. For those wanting to avail of loans, metlife also offers traditional mortgages of fixed-rate loans, ARM’s, flexible products for first-time homebuyers, FHA and VA loans, financing for new construction and jumbo financing of up to $2 million.

Plus, retirees of age 62 and above can benefit from their reverse mortgage program. Customer support is also present with a number of ways to contact them. Either by phone, email or a secure online contact form. Telephone services are available 24/7 enabling you to access your account balance, transaction information and even make transfers between MetLife Bank accounts. Lost or stolen ATM cards can easily be reported and you can also make ATM card PIN changes.

With the high CD rates Metlife Bank is giving out this June, there’s no need to second guess where you should put your money. Earn more with Metlife.

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Top 7 Tips On How To Choose The Right Bank

By BankAim · Comments (0)
Friday, March 18th, 2011

Banks are in the business of making money out of your money. Whenever a depositor puts cash in his account, banks invest this in other vehicles and give the depositor back a small portion of the earnings. With the tiny amount of interest banks are giving out for savings accounts, it’s only natural that we demand the best service.

Banks are sprouting out all over America, and with the accessibility of online banking, it’s getting harder to do due diligence with all of these banks. So how do we choose the right bank? Here are the top 7 things to look for when choosing a bank:

1. FDIC Insurance – Banks can close. This has become evident during the financial crisis when in 2008, twenty-five banks were shut down and taken over by the Federal Deposit Insurance Corporation. Banks that are FDIC insured can guarantee every account up to $250,000. If your bank closes, at least you know you’ll be getting your money back and it won’t be lost in the wind.

2. Low To None Minimum Requirements – Having low to none minimum requirements can be especially useful for ATMS. This means that even if you’re hard on cash, you can withdraw as much as you need without fear of being charged extra for going below the minimum requirement.

3. High Return on Investment – Look for a bank that gives high CD rates, checking account and savings account rates. Usually, local and smaller banks give bigger rates since they are still trying to get depositors to invest with them. If you’re looking for growth of your money, check your local banks.

4. Low Loan Rates – Availing of loans can be advantageous whether you’re using it to buy a new home or car, or if you’re using it as leverage for your business. Whatever the case may be, having loan rates at rock bottom would always be the best scenario. Check with your bank on interest rates on loans, their terms, and their flexibility.

5. Online banking – The world is fast changing and banking is keeping up with the change. Gone are the days when everyone had to go to the bank branches to deposit. Banking can now be done online or through mobile. Make sure your bank has these features, and also be sure to check on the reliability of their online security.

6. Numerous ATMS – Most banks charge a fee if you withdraw from another bank’s ATM. Having accessible ATMS of your bank can save you a lot of money in ATM charges.

7. Customer Service – The best way to know a bank is to ask its personnel. Bank staff and managers are key in finding out special promotions, inside information on foreclosures, and techniques to get the most out of your money. Also, time is money. If you’re in a rush and you need to close a deal or get quick cash, having excellent customer service will save you the headache.

Don’t slack off in choosing the right bank. Once you’ve opened an account with one, it’s a chore to transfer to another when you’ve realized that bank is not for you. Money is essential to all of us, and it’s only right that we spend some time to double check.

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SunTrust Bank Offers High CD Rate

By BankAim · Comments (0)
Sunday, May 16th, 2010

SunTrust Bank is offering a unique bundled CD to customers nationwide. To qualify for the 3% APY on both CDs you have to open a 26 month and 49 month CD and have the same amount of money in each account. The minimum deposit is $2,000 on each account.

You must also have a checking account through SunTrust bank, or open a new checking account. Its easy to open an account over the phone and then transfer funds through ACH transfer. There is an early withdrawal penalty on both accounts, 8 months interest on the 26 month CD and 12 months interest on the 49 month CD.

SunTrust Bank is rated 2 of 5 stars from Bankrate and is FDIC insured.

SunTrust Bank has many other CD options, visit their website here for more information and updated cd rates.

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Special CD Rates for South Carolina- August 2009

By BankAim · Comments (0)
Thursday, August 13th, 2009

As the nation average for 12 month and 24 month CD(certificate of deposit) Rates sit at 1.70% and 2.05% respectively, residents of South Carolina can take advantage of a much better special offer from Enterprise Bank of SC.

Right now, August 13th, Enterprise Bank is running a promotion on their 15 month and 27 month CD’s.

  • 15 Month CD: get a rate as high as 2.50% APY
  • 27 Month CD: Rates as high as 3.25% APY

If you are a resident of SC you can take advantage of these great deals.  Applications for these promotional CDs are only excepted in their branches.

Enterprise Bank Branches include:

Bamberg Office | Barnwell Office | Blackville Office | Cottageville Office
Edisto Office | Ehrhardt Office | Ridgeville Office | Springfield/Salley Office
Walterboro Bells Hwy Office | Walterboro Jefferies Office | Williston Office

(Please refer to Enterprise Bank web page for details on minimum deposits and other local CD information here.)

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