E-Loan CD Rates
From the online bank comes E-Loan CD rates. This is part of a national trend to boost the level of returns to its customers by a bank offering its services through an online venue only.
Most of these types of financial institutions like e-Loan do not have a brick and mortar branch office a person can physically visit. By reducing their overhead, they can offer better rates than the established banks because of their lower operating costs. It’s the economics of the modern digital world we now live in.
The current E-Loan CD rates include the 1 month CD that earns an APY of 0.25%. The 2 month CD earns an APY of 0.30%. The 3 month CD earns an APY of 0.40%. The 6 month CD earns an APY of 0.55%. The 98 month CD earns an APY of 0.65%.
The 1 year CD earns an APY of 0.85%. The 18 month CD earns an APY of 1.15%. The 2 year CD earns an APY of 1.40%. The 3 year CD earns an APY of 1.60%. The 4 year CD earns an APY of 19.0%. The 5 year CD earns an APY of 2.25%, and the best CD rates from E-Loan are from the 6 year CD. This CD earns an APY of 2.40%.
These bank rates, along with other rates can be found on E-Loan’s website. The rates were posted on October 15, 2010 and are still current as of October 18, 2010, but are subject to change without notice.
The E-Loan CD rates and their associated APYs can be obtained for a minimum deposit of $10,000.
For additional resources involving financial help, please view Money Market Interest on this website.
We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.
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