Jul
22
Friday, July 23, 2010 – 7:22 AM by Ken – Bank Deals Guy
With the standard FDIC deposit insurance limit permanently set to $250K, depositors can now open jumbo long-term CDs without worrying that some of the amount will become uninsured in 2014. For those who prefer to stay under the standard limit, this gives you more choices. One bank to consider is USAA Bank which has some very competitive long-term super jumbo rates. These are listed at USAA Bank’s CD rates page and at the IRA CD rates page as of 7:00am on 7/23/2010:
- 2.56% APY 3-year CD, 6-mo EWP
- 2.81% APY 4-year CD, 6-mo EWP
- 3.31% APY 5-year CD, 6-mo EWP
- 3.86% APY 7-year CD, 12-mo EWP
The super jumbo 15-month CD is also competitive with a 1.60% APY.
These rates require a minimum deposit of $175K.