Capital One has gained a lot of visibility in the last few years with their witty commercials. Best CD Rates Info decided to see how Capital One CD rates compare with the other certificates of deposit that we have reviewed. Read the rest of this entry »
Best CD Rates Info has reviewed a good many CDs recently in our search for the highest CD rates. In this article we will highlight the best CD rates among those certificates of deposit that we have recently reviewed. Now, what qualifies for the best CD rates is more than just studying the CD interest rates, and also depends upon the length of the term and the minimum deposit. In the end, it all depends upon your individual investing needs. With that caveat, here are our picks for the best CD rates that we have reviewed so far: Read the rest of this entry »
Best CD Rates Info recently published an article about Wachovia CD Rates discussing a high interest long term CD available at Wachovia. As of the date of this post, it is still hard to beat the CD interest rates for the 60 month CD that was the focus of that last review. However, Wachovia has a variety of certificates of deposit available, so we decided to take another look at Wachovia Bank CD rates to continue our search for the best CD rates. Read the rest of this entry »
Citibank ranks among the largest banks in the United States, and has a presence in over 100 countries around the globe. Best CD Rates Info decided to review Citibank CD Rates in our effort to find the highest CD rates available. Read the rest of this entry »
Chase Bank (formerly known as Chase Manhattan Bank) is part of the huge JPMorgan Chase empire. Best CD Rates Info decided to review Chase Bank CD rates in our continuing quest for the best CD rates.
CD rates at Chase Bank basically come in two categories: the standard Chase Certificate of Deposit and Chase CD Specials. We will take a quick look at the CD interest rates for both types of Chase CDs.
The standard Chase Certificate of Deposit is available in terms of 6, 12, 18, 24 and 36 months. While rates could be better in your area, in the sample of areas we chose, the highest CD rates for these offerings was an Annual Percentage Yield (APY) of 2.25 percent. While the minimum opening deposit is only $1,000 for these CDs, we found this APY less than inspiring.
The outlook brightened when we reviewed the Chase CD Specials. While these Chase CDs require a $10,000 minimum deposit, they reward investors with significantly higher interest rates. In the areas of our sample, we found the Chase Special 6 month CD with a 2.50% APY; the 12 month CD with a 3.00% APY; the 24 month CD with a 3.50% APY; and the 48 month CD with a 4.00% APY. Not too shabby, in our opinion.
So, if you don’t mind the $10,000 minimum opening deposit, the Chase CD Specials could certainly be worth considering. Please note that rates and terms can change with time and vary by region, so please be sure to check the Chase web site to confirm the current CD rates available in your area.
Wells Fargo is a huge company that provides many different types of financial services. Best CD Rates Info decided to see how Wells Fargo CD rates stack up to the competition. With such a large company, and a past that conjures up images of stage coaches roaring through the Old West, we had some high hopes going into our research.
Like many banks, Wells Fargo Bank CD rates can vary depending upon your part of the country. We looked at a handful of states to get a general feel for Wells Fargo CD interest rates. In our (non-scientific) sample, rates generally tended not to vary more than about 0.2 percent when comparing products of the same term and minimum deposit — but your results could vary depending on your state. For this article, we reviewed the Wells Fargo CD Rates for four different terms of CDs — the 5 month special CD, and the 3 month, six month and 1 year standard Wells Fargo CD.
We did not find any information on any long term Wells Fargo CDs. Investors looking for a four or five year CD may want to read our review of Wachovia CD rates.
We found the 5 Month Special Wells Fargo CD offered with an Annual Percentage Yield of 2.30 percent or 2.40 percent in the states in our sample, with a required minimum deposit of $5,000. In one state we also found a 9 Month Special Wells Fargo CD with the same rate as the 5 month Special CD. We didn’t find these rates especially inspiring.
The 3 month, 6 month and 1 year standard Wells Fargo CDs also left us uninspired, so we’ll be brief. To cut to the chase: though rates varied with the term and the minimum deposit, in the states in our sample we didn’t find a standard Wells Fargo CD rate that exceeded an Annual Percentage Yield 2.10 percent.
If you compare these Wells Fargo CD interest rates with the other CD rates we have reviewed on this site, you will probably understand why we were disappointed with our findings. As always, rates and terms can vary over time and with geographic location, so please be sure to check the Wells Fargo web site to see the specific offerings in your area.
Many people associate Countrywide Bank with mortgage lending, and with good reason — Countrywide issues about one out of every five mortgages in the United States. However, Best CD Rates Info was curious to review Countrywide CD Rates to find out how their best CD rates compare to other banks.
Countrywide Bank offers certificates of deposit ranging from 3 months to 84 months in the length of their terms, with interest rates varying with the length of the term. Two Country wide CD rates in particular caught our attention.
For investors looking for a short term CD, the 12 Month Countrywide Bank CD is currently being offered with an Annual Percentage Yield of 3.90 percent. That’s a pretty good rate for only a twelve month CD. The minimum deposit for this CD is $10,000.
For those looking for a longer term, high interest CD, the 48 Month Countrywide Bank CD is currently being advertised with a 4.20 percent Annual Percentage Yield. That’s a respectable rate for a four year certificate of deposit, and the minimum deposit for this CD is also $10,000. Countrywide is also currenlty offering this same rate in its 60 month CD. While there are no service fees on these Countrywide CDs, there is a penalty for early withdrawal.
Important Note: The rates mentioned in this article are the internet rates, but be sure to check your local rates at the Countrywide web site. A quick search found that some zip codes have APYs of 4.55 on the longer-term CDs.
If you are using a CD ladder investment technique, these high interest short term and long term CDs could fill a couple of the “rungs” on your ladder. Countrywide CDs are insured to the maximum required by the FDIC. CD rates can change often and may vary by region, so be sure to check the Countrywide web site to confirm the current rates and terms that are available in your area.
So far, the certificates of deposit reviewed by Best CD Rates Info have all been from traditional financial institutions; that is, banks and savings & loan associations. However, for a few years now insurance companies have been able to provide banking services also, so we decided to see if we could find some high interest rate CDs from an insurance company.
Our search for the best CD rates lead us to a review of State Farm Bank CD rates. Two State Farm CDs caught our attention. One is a promotional short term CD, the other is a long term CD, so you could cover two rungs of your CD ladder with these products!
The State Farm Bank 9 Month CD is being offered at a very interesting promotional rate as of the date of this writing. This CD currently offers an interest rate of 3.10 percent, and an Annual Percentage Yield of 3.15. In our opinion, that’s not a bad rate for a short-term CD, especially when you consider that the minimum deposit for this CD is only $500.
The State Farm Bank 5 Year CD also has an attractive rate, both in the jumbo CD and non-jumbo (standard) versions. The State Farm standard five year CD is currently offered with an interest rate of 3.44 percent and an Annual Percentage Yield of 3.50 percent, and has a minimum opening balance of $500. The State Farm jumbo five year CD is currently being offered with an interest rate of 3.49 percent and an Annual Percentage Yield of 3.55 percent.
So, whether you are looking for a short term or long-term CD, you may want to add State Farm Bank to your lists of CD providers to consider. Rates and terms can vary, so please be sure to check the State Farm Bank web site for their current offerings in your area.
Regions Bank is one of the top ten banks in the United States, with locations in sixteen states. Regions Bank also has an online banking division, called RegionsNet. For our latest review, Best CD Rates Info decided to continue our search for the best CD deals by looking at the certificates of deposit offered by Regions Bank.
Regions Bank CDs can be had for very short terms or longer terms, fitting virtually any investment plan. Specifically, RegionsBank Certificates of Deposit range in term lengths from seven days to six years. While the minimum deposit for certificates of deposit with terms less than ninety days is $2,500, for Regions CDs with terms of ninety days or more the minimum deposit is only $500 — making the Regions Bank CD one of the lowest minimum deposits that we have reviewed.
Customers with another Regions Bank account can receive an interest rate bonus on their Regions CD. You can apply for a Regions Bank CD either online or at a branch. Though not unusual in a fixed rate CD, you may want to note that Regions Bank charges a “substantial penalty for early withdrawal.”
The low minimum deposit and wide range of terms give a lot of flexibility to the Regions Bank CDs, so their products can appeal to a wide range of investors. Rates and other terms can vary with time and by region, so you should be sure to check on the Regions Bank web site to confirm the Regions Bank offerings available in your area.
IndyMac Bank is a California based financial institution that bills itself as the 7th largest savings and loan in the United States, and it is traded on the New York Stock Exchange. IndyMac Bank has recently advertised an Online 10 Month CD Special that is definitely worth checking out, especially if you would like a high interest cd without tying up your money for a full year or more.
In keeping with our search here at Best CD Rates Info for high interest CDs, this Indy Mac certificate of deposit has an annual interest rate of 3.97 percent, and an Annual Percentage Yield of 4.05 percent. As you can tell by the name, this IndyMac online special CD has a ten month term.
It is not very common to see an interest rate and yield this high for a term less than a year, making it one of the best CD rates that we’ve seen for such a short term. One thing to note is that the minimum investment for this CD rate is $5,000. Also, like many certificates of deposit, this IndyMac online CD does charge penalties for withdrawing the money before the end of the term.
This IndyMac CD is advertised as a Special, so you may want to visit the IndyMac web site for more information soon, and to confirm the rates and terms that are available in your area. Although this offer is still being advertised as of the date of this posting, with these kinds of terms this special CD may not last too long!
