Bank CD Rates

The Sovereign Bank CD rates are from a bank that has been around since 1902. Since that time, they have grown into one of the largest and most respected financial institutions in the Northeastern part of the United States.  This bank is part of the Santander Group serving over 80 million customers in over 40 countries worldwide.

The featured CDs that this financial institution is offering are both associated with the customer having a Premier Checking account.  They are the 12 month CD with an APY of 1.01% and the 9 month CD with an APY of 0.75%. These are both above the national average for their term. Both of these CDs require a $500 deposit to open and quarterly statements are available upon request. The interest acquired on these CDs can be reinvested or be deposited in qualifying accounts. These rates and requirements were posted on 12/19/09 and were still current as of 12/21/09.

There is another type of CD available and that is the Rising CD. They have terms of 12, 24, and 36 months. The best rates are obtainable when associated with a premier checking account. There is also a tier system which gives an increase of 0.05% APY for funds as they increase in deposit amounts. The best rate is for the 36 month CD with over $50,000 deposits, receives an APY of 1.30%. The lowest is the 12 month CD of 0.64%APY, with $500 to $9,999 deposited.

There are other CDs at this bank with terms from 30 days to 10 years. For current bank CD rates, please call 877-768-2265.

These Sovereign Bank CD rates are subject to change without notice but are current at the time of this writing.