Sovereign CD Rates
In our final look at Sovereign Online banking in this series, we’re going to take a close look at what certificates of deposit rates are available there. We here at Online Banks Blog know that many people prefer the security of a CD, so we’re going to show you the latest Sovereign CD rates.
There are two interesting Sovereign Bank CD rates worth looking at: a regular Sovereign Online CD and Rising Rate CDs. Both have the same initial annual percentage yield (APY), with the Rising Rate giving you the option to take a higher rate (during the CD term) should it come along. In return, you agree to auto-renew the CD to double the term.
Otherwise, Sovereign Bank CD rates are tiered by deposit amount and term. There is also a bonus APY added to those that are linked with Premier Checking at Sovereign Online banking. We’ll show rates as normal numbers followed by the bonus for having an account as: Reg% / Bonus%
For the 12 month term Sovereign Online CD, the rates are 1.20% / 1.45% APY for up to $9,999 on deposit. $10,000 to $49.999 deposit gets 1.25% / 1.50% APY and $50,000 and higher gets 1.30% / 1.55% APY.
Sovereign CD rates for 24-month terms are 0.84% / 1.10% APY up to $9,999 deposit. For $10,000 to $49,999 deposit, Sovereign Bank CD rates are 0.89% / 1.15% APY and for $50,000 and up, rates are 0.94% / 1.20% APY.
A 36-month term yields Sovereign Bank CD rates of 1.35% / 1.60% for up to $9,999 deposit, 1.40% / 1.65% APY for $10,000 to $49,999 deposit and for $50,000 and up, the rates are 1.45% / 1.70% APY.
These Sovereign Online CD accounts are available now and will change soon. The 1-year special rate is not likely to last too long, as these rates are special and change quickly at Sovereign Online banking. All accounts at Sovereign are FDIC insured to the fullest extent of the law.
Related Posts:
Comments
Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!
