Finding the Best Bank Rates
Finding the Best Bank Rates across the nation I can across the Jacksonville Bank in northern Florida. With a minimum deposit of $1000, investors can make 2.57% interest with an APY of 2.60% on a 2 year CD. This same bank also offers their customers 0.99% interest on their saving accounts.
Rated the Best Managed Bank in America for the past two years is Hudson City Bank. They have a good deal on their 18 month CD at 1.950% interest and an APY of 2.00%. The 2 year CD has an interest rate of 2.435% and an APY of 2.50%. This requires a minimum deposit of $500. Their Money Market Account has a current interest rate of 0.995% and an APY of 1.00% with a balance of $2500 or more.
The best advertised Money Market Account is from Flagstar with an APY of 1.80%. The minimum deposit is $1.00 and this account has the usual limitations set forth by the federal government on the number of allowed withdraws at 6. The 12 month CD has an APY of 1.85% with a minimum of $500 deposit.
Capital One Direct Banking is offering an InterestPlus Online Savings Account that returns an APY of 1.70% with a $2500 deposit. There is an added plus of 10% quarterly bonus on interest if the balance is greater than $15000 or the account holder has an active Capital One Credit Card.
Ally Bank currently is offering a 12 month CD with an APY of 1.99% with no minimum deposit. There are also no monthly fees and every CD that is purchased is covered with the Ally 10 day guarantee that if the rates go up, so will your rate on the CD you purchased.
Finding the Best Bank Rates is not always easy but can be done if the time is taken to look at the home pages of many financial institutions.
All of these Bank Rates are current as of 11/19/09 but are subject to change without notice.
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