Bank CD Rates

Here at Bank CD Rates Online, we look at a lot of financial angles to find the best certificate of deposit and savings rates available to our readers.  Today, we’re looking at the best 1 year term rates available so that you know where to put your cash to do the most good.  Here’s what we found for the best CD rates for 1 year terms.

Of the seven major financial institutions in the nation, Ally Bank 1 year CD rates are the highest.

CD rates for 1 year terms at Ally Bank are currently estimated at 1.69%. The bank is known for its lack of minimal deposit requirements.

Other banks offer 1 year CD rate in the range of 1.00% to 0.20%; some even offer lower rates. People’s United Bank is offering an APY of 1.00% for a basic investment of $1,000; Webster Bank offers the same APY and also asks for a minimum deposit of $1,000.

TD Bank, NA offers an APY of 0.55% for a basic deposit of $250. Bank of America is offering an APY of 0.40% for a basic investment of $1,000. Other banking institutions offer a lower rate of return in APY.

Wachovia offers the same APY of 0.40% for an investment of $1,000. NewAlliance Bank offers one of the lowest APY at 0.25%; minimal investment requirement is $1,000. Certain rules and regulations are applied on these certificates though they vary bank-wise and regional and national regulations are also applied. Certain banks impose higher penalties than others and additional charges and overheads are also accrued in some cases.

Today, we’re going to have another look at Wachovia Bank CD rates here at Bank CD Rates Online.

Wachovia Bank CD rates will eventually become the CD rates offered by Wells Fargo as the latter has acquired the company. Current CD rates for different terms of investment are described below.

CD rates at Wachovia for a 1-year investment option are estimated at 0.40%. Customers looking for a minimal duration of investment can also invest in the 6-month CD where they will receive an APY of 0.20%; 9-month CDs also return the same APY of 0.20%.

Wachovia CD rates for a n 18-month investment are estimated at 0.60% whereas a 2-year investment returns an APY of 0.70%. Minimum opening deposit required for this investment is $5,000.

In case of a Wachovia checking amount, special CD investment options are available. A 23-month CD in this case will return an APY of 1.15%. A 30-month CD returns an APY of 1.65% whereas a 37-month CD returns an APY of 2.15%. A 55-month CD returns an APY of 3.00%. Minimum deposit for these CDs is $5,000. The bank imposes penalty on early withdrawals and violation of other rules and regulations. Penalties are imposed in a standard manner with an early withdrawal in 1-year CD results in the deduction of 90 days interest. Withdrawals from CDs greater than a year will see a deduction of 180 days interest in case of early withdrawal.

Wachovia offers free online banking and other facilities over its website. CD accounts can be opened within a few minutes over the company website as minimal documentation is required.

If living within or around Corpus Christi, the American Bank CD rates are from the community bank that is independent from big national and international banks. In the midst of countless banking mergers and acquisitions, American Bank is committed to continue forward as a premier independent financial institution in the Texas market areas. American Bank still remains under the same local ownership as when it opened its doors in 1970 in Corpus Christi, Texas, with assets totaling over $800 million.

American Bank now has thirteen offices in six Texas cities of Corpus Christie and Austin.

You can open an American Bank Money Market CD with a minimum $1000 to open and maintaining balance to earn interest. The 30 day CD has an interest rate of 0.50% with an APY of 0.50%. The 60 day CD has an interest rate of 0.50% with an APY of 0.50%. The 90 day CD has an interest rate of 0.50% with an APY of 0.50%. The 120 day CD has an interest rate of 0.50% with an APY of 0.50%. The 180 day CD has an interest rate of 0.75% with an APY of 0.75%. The 210 day CD has an interest rate of 0.75% with an APY of 0.75%. The 270 day CD each has an interest rate of 0.75% with an APY of 0.75%. The 1 year CD has an interest rate of 1.10% with an APY of 1.10%. The 2 year CD has an interest rate of 1.25% with an APY of 1.25%.

These bank CD rates were posted on February 1, 2010 and may change without prior notice. Visit their website for other American Bank CD rates on their Jumbo CDs and IRA CDs.

The Compass Bank CD rates is from an institution that is a leading U.S. banking franchise located in the Sunbelt region.  BBVA Compass, the trade name of Compass Bank, is the 15^th largest U.S. commercial bank based on deposit market share and ranks as the 3^rd largest bank in Alabama, the 4^th largest bank in Texas, and 5^th largest bank in Arizona. With headquarters in Birmingham, Alabama, it operates 741 branches throughout Texas, Alabama, Arizona, California, Florida, Colorado, and New Mexico.

Compass Bank CDs in Birmingham require a minimum of $5000 to open and maintained to earn interest. They have four featured CDs at the moment, namely the 9 month CD which has an interest rate of 0.698% with an interest rate of 0.70%; the 12 month CD which has an interest rate 0.896% with an APY of 0.90%; the 48 month CD which has an interest rate of 2.078% with an APY of 2.10%; and the 60 month CD which has an interest rate of 2.469% with an APY of 2.50%.

Their standard rates in that area are as follows. The 1 month CD has an interest rate of 0.15% with an APY of 0.15%. The 3 month CD has an interest rate of 0.15% with an APY of 0.15%. The 6 month CD has an interest rate of 0.399% with an APY of 0.40%. The 18 month CD has an interest rate of 1.045% with an APY of 1.05%. The 24 month CD has an interest rate of 1.489% with an APY of 1.50%. The 30 month CD has an interest rate of 1.292% with an APY of 1.30%. The 36 month CD has an interest rate of 1.637% with an APY 1.65%.

Funds from an existing BBVA Compass money market accounts may not be used to open a new 24 month CD.  All these bank CD rates were posted on 01/15/2010 but are not available to financial institutions.

The Compass Bank CD rates vary between areas so make sure you visit their website to check rates in yours.

With the Huntington Bank CD rates, you will have higher yields than other savings instruments along with safety and security of FDIC insurance. Huntington National Bank is the banking subsidiary of Huntington Bancshares, Inc., a $52 billion regional bank holding company headquartered in Columbus, Ohio. Huntington National bank has over 600 banking offices located in Indianan, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia. It offers retail and commercial financial services online, through 24-hour telephone bank, and through its network of almost 1,400 ATMs.

At present, Huntington Bank is offering a 13 month promotional CD. To take advantage of this promo, all you need is an opening balance or $20,000 to $99,999.99. This 13 month promotional CD has an interest rate of 1.25% with an APY of 1.26%. This is a great CD rate without having to jump through hoops.

Most Huntington Bank’s CDs are tiered depending on the balances. Standard Rate CD requires a minimum of $1000 to open. The one month CD has an interest rate of 0.06% with an APY of 0.06%. The 3 months CD has an interest rate of 0.23% with an APY of 0.23%. The 6 months CD has an interest rate of 0.33% with an APY of 0.33%. The 9 months CD has an interest rate of 0.41% with an APY of 0.41%. The 12 months CD has an interest rate of 0.49% with an APY of 0.49%. The 18 months CD has an interest rate of 0.66% with an APY of 0.66%. The 24 months CD has an interest rate of 0.84% with an APY of 0.84%. The 36 months CD has an interest rate of 1.04% with an APY of 1.05%. The 48 months CD has an interest rate of 1.22% with an APY of 1.23%. The 60 months CD has an interest rate of 1.46% with an APY of 1.47%. The 72 months CD has an interest rate of 1.70% with an APY of 1.71%.

These bank CD rates are effective 01/26/2010 and are rates for personal accounts only. Rates on variable rate accounts may change after the account is open.

There are more Huntington Bank CD rates for several other CDs offered by this institution in their website for you to choose from.

Here at Bank CD Rates Online, we try to find the best information for you on various instruments for making money with your savings.  Often overlooked are the great offers sometimes found in 3 year CD rates.

Since quite often, the top 10 CD rates for 3-year investment term are higher than their one and two year counterparts but generally not as high as 5-year terms. Nevertheless, they offer a better APY and secure investment option for medium term investors.

Following are 3 year CD rates with the highest APY. National Bank of Kansas City is the current leader in the national market for 3-year investments. It is offering an APY of 2.75% with a minimum deposit of $10,000. Houston-based Lone Star Bank offers the second best APY at 2.70% with a minimum deposit requirement of $1,000. If you like to invest in foreign banks than the State Bank of India offers the third best rates. They have a representative office in New York and are currently offering an APY of 2.63%. The minimum deposit requirement is $5,000.

Columbus, Ohio-based Nationwide Bank offers an APY of 2.60% with minimum deposit requirement of $500. The fifth best investment option is available at newdominionDIRECT.com where customers will receive an APY of 2.56% with minimum deposit of $3,000.

USAA offers an APY of 2.50% with a minimum deposit requirement of $1,000. Discover Bank is also offering the same APY at 2.50% but has a higher deposit requirement at $2,500.

AIG Bank is currently offering an APY of 2.50% with a minimum deposit requirement of $2,500. Metropolitan Bank also offers the same APY at the same minimum deposit requirement. Ally Bank does not have any deposit requirements and offers an APY of 2.49%.

Here at Bank CD Rates Online, we often look at the best rates available from a single bank.  Today, we’re looking at teh best CD APY offers from all of them.

The best CD rates for 2010 are not offered by a single bank but are actually a combination of the best rates offered by a range of financial institutions. It often happens that a bank offers the best CD APY in one investment option but does not have the same high rates for investments with higher term durations.

For a 1-year term, 2010 CD rates are as follows. Colorado Federal Savings Bank is currently offering the highest APY. It asks for a minimum investment of $5,000. The bank is offering an APY of 2.00% for this investment. The second best rates are offered by newdominionDIRECT.com with an APY of 1.92%. The bank requires a minimum investment of $3,000. Ascencia, a division of PBI Bank offers CD rates at an APY of 1.91% with a minimum investment of $500.

For 3-year term, Discover Bank offers the best APY of 2.50% with a minimum deposit of $2,500. Ally Bank offers an APY of 2.49% and does not have any minimum deposit requirements. Aurora Bank, FSB offers an APY of 2.42% with a minimum deposit requirement of $1,000.

The highest 2010 CD rates are available on 5-year terms of investment. Capital One Direct Banking is currently the highest APY of 3.25% for a minimum deposit of $5,000. Discover Bank offers the same APY at 3.25% but has a lower requirement of minimum deposit at $2,500.  Ally Bank offers an APY of 3.10% and does not have any minimum deposit requirements.

Like standard CDs, even high yield CD rates are so low that a lot of savers who can afford to take on a small amount of risk are asking financial advisers to invest some portion of their maturing CD money in other fixed income products. Exactly a year ago, the average rate of a 3 month high yield CD was 1.98% and the 6 month CD average was 2.54%. Now, a year later, the average 3 month CD is only 0.75% while the average 6 month CD is 1.15%. The following are the nationally available high yield CD rates of some banks using the 1 year CD term.

Ascencia, a division of PBI Bank, has an interest rate of 1.89% with an APY of 1.91%. Minimum opening deposit is $500. State Bank of India has an interest rate of 1.85% with an APY of 1.86%. Minimum opening deposit is $5000. Fortune Bank has an interest rate of 1.84% with an APY of 1.85%. Minimum opening deposit is $1000. NewDominionDirect.com has an interest rate of 1.80% with an APY of 1.82%. Minimum opening deposit is $3000. Nationwide Bank has an interest rate of 1.78% with an APY of 1.80%. The minimum opening deposit is $500. Colorado Federal Savings Bank has an interest rate of 1.78% with an APY of 1.80%. The minimum opening deposit is $5000. Direct Discover Bank has an interest rate of 1.73% with an APY of 1.75%. The minimum opening deposit is $2,500. Ally Bank has an interest rate of 1.73% with an APY of 1.74%. No minimum opening deposit. Aurora Bank FSB has an interest rate of 1.65% with an APY of 1.66%. The minimum opening deposit is $1000. American Express Bank FSB has an interest rate of 1.49% with an APY of 1.50%. There is no minimum deposit. 

Savers should probably not look for the bank CD rates scenario to change considerably in the first several months of the current year. The Federal Reserve apparently sees no need to raise interest rates that may affect high yield CD rates to calm inflation.

Include Fifth Third CD rates as you research different banks and their CD rates. Fifth Third Bancorp is headquartered in Cincinnati, Ohio and operates 16 affiliates with over 1,291 full-service locations in certain areas of Ohio, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, Missouri, North Carolina, Pennsylvania, Tennessee, and West Virginia.

Fifth Third currently has promotional CDs which you can open at a banking center nearest you. These CDs require a minimum deposit and balance of $5,000 to earn interest. The 8 month CD Promo has an interest rate of 1.00% with an APY of 1.00%. The 13 month CD Promo has an interest rate of 1.49% with an APY of 1.50%. The 24 month CD Promo has an interest rate of 1.98% with an APY of 2.00%. The 60 month CD Promo has an interest rate of 2.96% with an APY of 3.00%.

The Fifth Third Standard CDs are also available. The shortest term is 7 to 89 day CD which requires a $5,000 minimum deposit and balance. It has an interest rate of 0.20% with an APY of 0.20%. For terms of 3 months or more, the minimum deposit is only $500. The 3 to 6 month CD has an interest rate of 0.25% with an APY of 0.25%. The 6 to 12 month CD has an interest rate of 0.30% with an APY of 0.30%. The 12 to 24 month CD has an interest rate of 0.50% with an APY of 0.50%. The 24 to 36 month CD has an interest rate of 0.70% with an APY of 0.70%. The 36 to 48 month CD has an interest rate of 1.09% with an APY of 1.10%. The 48 to 60 month CD has an interest rate 1.19% with an APY of 1.20%. The 60 to 84 month CD has an interest rate of 1.29% with an APY of 1.30%. The 84 month CD has an interest rate of 1.34% with an APY of 1.35%. These bank CD rates are subject to change and may vary depending on your market and by affiliate. Visit their website to view complete details.

The Fifth Third CD rates are valid as of 01/13/2010, as they appear in their website.

These Discover Bank CD Rates January 2010 update is to help inform you of the changes that are in store for the clients of Discovery Bank. There is still good news coming from this bank that has not only stated they want to be in the top 5% of all financial institutions on rates, but actually do it.

The current bank CD rates from this financial institution are above the national average. The 10 year CD has an interest rate of 3.63% and an APY of 3.70%. The 7 year CD has an interest rate of 3.39% and an APY of 3.45%. The 5 year CD has an interest rate of 3.25% and an APY of 3.30%. The 4 year CD has an interest rate of 2.81% and an APY of 2.85%. The 3 year CD has an interest rate of 2.57% and an APY of 2.60%. The 30 month CD has an interest rate of 2.23% and an APY of 2.25%. The 24 month CD has an interest rate of 2.23% and an APY of 2.25%. The 18 month CD has an interest rate of 1.88% and an APY of 1.90%. The 12 month CD has an interest rate of 1.84% and an APY of 1.85%. The 9 month CD has an interest rate of 1.20% and an APY of 1.20%. The 6 month CD has an interest rate of 1.00% and an APY of 1.00%. The 3 month CD has an interest rate of 0.75% and an APY of 0.75%.

The Discover Bank CD rates January 2010 update was posted on December 29, 2009 and was still current as of January 5, 2010 but is subject to change without notice.