Bank rates may be out of date. Please check bank websites for current rates.
H&R Block currently has a special 6 month CD with 2.00% APY. This CD is only available online via their website.
This bank deal is only available until the end of September, so I would jump on this ASAP if you’re interested. The minimum deposit on this account is $250.
Early withdrawal penalty is 30 days of interest and the grace period at the CD’s maturity is 10 days. You
One of the reasons that money-rates.com exists is that the market for bank rates — including deposit account interest and mortgage rates – is far from efficient. Everyone may talk about interest rates going up and down as if they all moved uniformly, but as you can see every day on money-rates.com, different banks offer very different rates at different times. However, the inconsistency of interest rates can get even more unpredictable than that.
Conventional wisdom (and for once, this coincides with common sense) suggests that the bigger the down payment you make on a mortgage, the better the mortgage rate you’ll get. After al
EDS Credit Union is offering two competitive certificate specials: a 2.35% APY 9-month CD and a 2.15% APY 5-month CD. The 9-month CD has a $50,000 minimum deposit. The rate is 2.20% APY for a $1,000 minimum. The 5-month CD has a $25,000 minimum deposit. These specials are listed at the bottom of the credit union’s rates page as of 9/08/09.
In addition to EDS employees, membership is open to persons who live or work in Collin County, Texas. Also, eligible are persons who live, work, worship or attend school within a 10-mile radius of certain EDS Credit Union locations (15-miles from the branch at 5640 Democracy Drive, Plano, TX 75024). For more details on eligibility, please refer to the credit union’s membership page.
Banks slashed returns on many of the best-paying certificates of deposit just before Labor Day, making the last week of the summer one the most dismal weeks of the summer.
We’re not talking about a few basis points here and there, we’re talking about the top, nationally-available 6-month, 12-month, 18-month and 24-month CD rates being whacked by as much as a full point.
All three banks that had been offering the best 12-month CDs dramatically lowered their yields:
United Central Bank reduced its rate from 2.25% APY to 1.25% APY.
Frontier Bank reduced its rate from 2.25% APY to 2.05% APY.
Wilshire State Bank reduced its rate from 2.15% APY to 1.75% APY.
United Central also lowered what had been the top-ranked 6-month CD rate from 2.00% APY to 1.70% APY.
Citibank pared its leading 18-month CD rate from 2.25% to 2.00%.
Frontier cut the best 24-month CD rate from 2.60% APY to 2.40% APY.
Broadway Federal Bank took an even bigger whack out of its 24-month rate, lowering it from 2.53% APY to 2.02% APY.
With the average returns on 3-month, 6-month and 12-month CDs plunging to new record lows this week, we can only wonder where and when this race to the bottom is going to end.
Click here to compare the best CD rates from dozens of banks in our extensive database.
Small banks are paying local customers 2.5% or more for short-term certificates of deposit — beating the best nationally-available CD rates by almost half-a-point.
That’s because the highest CD rates continue to be offered through deals restricted to the local customers of community banks.
In most cases the best rates are on odd-term certificates of deposit — CDs that don’t mature in the traditional 6-, 12- or 24-months.
But they routinely:
Here are just some of the deals you can find out there. In each of
Bank rates may be out of date. Please check bank websites for current rates.
1st Constitution Direct has a special internet only savings promo on their high yield online savings account. With this internet only promotion, you can get 2.05% APY locked in for the first 3 months, after which it switches to a variable rate. The current variable savings rate is 1.95% APY.
In order to qualify for this rate, you need to maintain a balance of $10,000. If your balance falls below $10,000 your rate will drop to 1.60%. Minimum initial deposit of at least $100 is required.
Five banks failed today. All were relatively small with assets under $500 million. Two were in Illinois, one in Iowa, one in Missouri and one in Arizona. Four of the five were typical closures in which the FDIC was able to find buyers which assumed all deposits (except some brokered deposits), even deposits over the FDIC limit. However, one of the failed banks in Illinois, Platinum Community Bank, was an unusual closure.
The FDIC wasn’t able to find a buyer for Platinum Community Bank. Consequently, the FDIC closed all accounts, and it will be mailing checks for customers’ insured deposits. I found several things unusual about this closure.