Online Banking October 2011 5 year CD rates update
This Online Banking October 2011 5 year CD rates update is being made to help you make an informed decision when investing money in this conservative style of deposit accounts. All of these bank rates are openly advertised on the home sites of the financial institutions names in the article.
Because these are online banks you can open an account and make a deposit while you are in the privacy and convenience of your own home.
The best rate for the month of October 2011 on a 5 year CD being issued by a bank is 2.20%. This is currently being offered by two financial institutions in America. This includes Quant Oak Bank in Pennsylvania and the First Bank of Internet based out of Indiana. The minimum deposit required to obtain this CD rate is $500 and $1,000 respectively.
The second best 5 year CD rate is 2.15%. This is available at two different financial institutions in America including the Discover Bank and American Express Bank. The minimum deposit required to open an account and obtain the stated CD rate is $2,500 and $0. While American Express Bank has no minimum amount, you must make a deposit or no earnings will be made.
In third this month is the Bank of Internet USA. Their 5 year CD is earning an APY of 2.12%. They require a minimum deposit of $1,000.
You can earn an APY of 2.10% from two banks. This included Nova Bank from Pennsylvania and Nationwide Bank the insurance giant based out of Ohio. The minimum deposit required is $500 and $100,000 respectively. With Nationwide, you can make a deposit of $500 but the APY is only 2.05%.
These are the best 5 year CD rates for the beginning of October 2011. All rates are accurate but subject to change without any prior notice.
For additional resources involving financial help, please view Online Banking October 2011 3 year CD rates update 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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2 Comments on Online Banking October 2011 5 year CD rates update
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Online Banking October 2011 6 Month CD Rates Update | Online Banks on
Fri, 7th Oct 2011 6:02 am
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Online Banking November 2011 5 year CD rates update | Online Banks on
Fri, 4th Nov 2011 6:02 am
[...] additional resources involving financial help, please view Online Banking October 2011 5 year CD rates update on this [...]
[...] next best CD rates is from Black River Country Bank. Their 5 year CD is earning an APY of 2.27%. The minimum deposit [...]
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