Bank CD Rates

From one of the oldest and most respected discount brokers comes the competitive Schwab CD rates.  Unlike the bank CD rates, the Schwab CD’s come from a financial corporation that has built its reputation on investing money for its clients and making a profit. 

The current Schwab CD rates for the 1 to 3 months CD’s are at 0.20% APY. The 4 to 6 month CD’s are at 0.40%. The 10 to 18 month CD’s are at 1.05% APY. The highest posted CD rates are for the 1.5 to 2.5 year CD which is at 1.75% APY. These rates were posted on 8/22/09 at 5:55 pm EDT and are FICD insured for up to $250,000.

Some of the good reason investors should chose Schwab for their investments is not only experience but convenience.  The on line service for the purchase of CD’s is available 22 hours a day 7 days a week. Most CD purchases are on a commission free basis, this cost savings adds up over time.

If you need to withdraw your CD before maturity, the people at Schwab put your CD on the market and accept bids for it. The highest bid is accepted. When this happens you will receive the bid price and any accrued interest. There is not guarantee you will receive your original investment but there is no penalty for early withdraws from other financial institutions. This is just one of the differences with Schwab investments as compared to using a bank.

The above Schwab CD rates are current and were posted on the Schwab web site. Invest with a difference, contact your local Schwab broker today and feel the difference.