Jacksonville Bank CD Rates
Jacksonville Bank CD Rates are some of the best that are being offered nationally at the present time. With the world of banking being available online, no longer are banks limited to just the local cliental. Jacksonville Bank is a subsidiary of Jacksonville Bancorp Inc. and is a publicly traded company with a stock symbol of JAXB on the NASDAQ.
The current 3 to 5 month CD is at an interest rate of 0.99% with an APY of 1.00%. The 6 to 11 months CD has an interest rate of 1.49% and an APY of 1.50%. The 12 to 23 months CD has an interest rate of 2.08% and an APY of 2.10%. The 24 to 35 months CD has an interest rate of 2.57% and an APY of 2.60%. The 36 to 60 months CD has an interest rate of 2.86% and an APY of 2.90%. Each of these CD is available with a minimum of $1000 deposit.
There are CD’s with a term of just 7 days up to 3 months but the rates are not available online. All deposits are insured by the FDIC and the way the interest is paid out to the cliental is chosen by the client. The rate is guaranteed for the term of the CD. There are penalties for early withdraw. At the time of a CD maturity unless otherwise instructed during the grace period, the CD is reinvested in a like CD for a new term.
The bank rates current being offered thru the Jacksonville Bank CD Rates are more than competitive, they are some of the highest in the nation and are current as of 11/24/09.
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