Best CD Rates September 2009
Once again, the best CD Rates September 2009 show certificates of deposit are sound investments because the principle is FDIC insured and interest rates are guaranteed and rates are coming up. Ally Bank offers a 2.00% APY with no minimum deposit. There are no monthly fees and interest is compounded daily. Discover Bank has a CD at 1.95% APY but it requires $2,500.00 to get in. You can choose terms of 3 months for 1.00% APY, to 10 years with 3.85% APY.
EverBank has a certificate of deposit yielding 1.85% APY with a minimum deposit of $1,500.00. 3 month terms have a 0.95% APY to 5 years 3.04% APY. With a minimum contribution of $1,000.00 the Bank of Internet has CDs yielding 1.70% APY. This institution compounds interest daily and offers free electronic transfer of interest. Living Trust ownerships are available in terms of 6 months for 1.20% APY to 5 years with a 2.85 APY.
For those willing to contribute a large minimum deposit, Virtual Bank is among those with best CD rates September 2009. A minimum deposit of $10,000.00 yields 1.01% APY for a 3 month CD, ascending to 2.89% APY for a 5 year term. Keep in mind with this product, there is a penalty for early withdrawals in less than 6 months. The penalty is equal to 1 month simple interest, whether earned or not.
Lastly, two banks plagued by bad loans offer some of the best bank rates. New South Federal Savings Bank has a 2.10%APY with a $1,000.00 minimum deposit, and UmbrellaBank.com has a 2.15% APY with a $1,000.00 minimum commitment as well. New South has a full-service bank branch in Birmingham, Alabama with dozens of mortgage offices from the deep south, west to Nevada. New South is challenged by several bad loans over the past year and has been ordered to improve its performance by the Office of Thrift Supervision. Both of these banks with best CD rates September 2009 are available online.
Random Posts
Comments
Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!
