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Archive for Sovereign Bank

Sovereign Bank is a major bank in the United States that offers a lot of financial services for their clients. They are one of the largest banks in the Northeastern part of the USA. Their services include corporate banking, retail, business, insurance, and many more. Those who are interested to apply for loans and mortgages can potentially find what they need at Sovereign Bank. Aside from savings, investments and loans, Sovereign Bank also offers a competitive credit card that may just suit your needs.

What makes the Sovereign Sphere World reward credit card different? Those who will be getting one will have round the clock protection against fraud. They will also have 24 hour online access and service once their cards will be activated. And most importantly, a low introductory offer for its APR, making it easier for new card holders to pay off any credit card balances. Other than that, Sovereign Sphere world has no annual fee and you can also feel free to choose your own payment date. This is a perk that not many credit card companies offer.

Rewards

In terms of rewards, one point will be awarded for every single dollar spent on purchases. The owner will then select whether he or she will choose between the cash backs, travel, or gift cards rewards. The credit card holder will be the one to decide which rewards he or she wants. If he or she loves to travel then he or she can definitely pick the travel rewards. What’s great about this card is that there is no limit to the number of points you can earn. There are also no travel black out dates so you can travel at any time that you like.

Whatever your needs are, this Soviet Sphere World rewards card may just give it to you.

Best CD Rates For February 17, 2011

Thursday, February 17th, 2011

This could be the first signs that CD rates will start increasing. One day after Sovereign Bank took the top spot for the 60 month CD term, a California based bank- Kaiser Federal Bank matched the same 3.0% APY. Kaiser Federal Bank raised its rates from 2.75% to 3.0% APY, making it a two way tie for the best available 5 year CD.

Kaiser requires a minimum of $10,000, which is much higher than Sovereigns’ minimum of just $500.

Here is a list of the top CD rates available nationally:

*Term Bank February 17 December 1
3 Month CD California First 0.80% APY 0.95% APY
6 Month CD Metropolitan National 1.15% APY 1.15% APY
12 Month CD Incrediblebank 1.45% APY 1.51% APY
24 Month CD Salem 5 Bank 1.75% APY 1.76% APY
36 Month CD Melrose Credit Union 2.17% APY 2.27% APY
60 Month CD Sovereign Bank 3.00% APY 3.03% APY

Be sure to get the best CD rate available by checking out our CD Rates board.

Sovereign Bank Offers A Save & Invest CD Package At 2.25%

Wednesday, October 28th, 2009

Sovereign Bank has come out with a limited time offer to help you save and invest your money at the same time. The Save & Invest CD Package takes your money and splits it between two CDs, with half put in a 6 month CD at 2.25% APR and the other half put in a 36 month CD term.

The key is to diversify

This is a great way to diversify your money between saving it and investing it at the same time in a high paying CD package. As half of your money earns a steady high interest rate of 2.25% for 6 months, the other part of your money will be linked to investments in the S&P 500. A great aspect of the 6 month CD term is that there is no early withdrawal penalty, which will give you access to that half of your money.

The best part about the 36 month CD investment is that unlike some longer term investments, it is FDIC insured. In an economy like ours, it is vital to make sure you put your money in a safe institution that is federally insured. The guarantee you have with the 36 month CD is that you will not lose any of your investment, the only penalty for the S&P going down will be that you will not receive any interest for the period. For every year that the S&P goes up you will receive a great interest rate.

Additional details about this offer:

  • Minimum combined deposit for the CD package is $5,000.
  • Must be opened before November 27th, 2009
  • The Invest CD matures on November 30th, 2009; the term will be 36 months from that date.
  • There is an early withdrawal penalty for the Invest CD, and within 6 days of opening the Save CD.

This great offer from Sovereign Bank offers you an easy and low risk way of both saving and investing your money. For more information, visit the Sovereign Bank promotional page here.