Like many banks these days, American Plus Bank has dropped its rates to remain competitive. However, some of their best CD rates come from the mid-term maturity periods, the one-year term included. Since this maturity period is the most perfect start-up for beginners and low-risk takers alike, it won’t be long before you’ll find yourself among those eager to set-up an account now.
About the Rates
Local deals and credit unions aside, the top contender for the 1-year CD is currently held by Doral Bank’s 1.15% rate. By comparison, American Plus Bank’s 1.11% does not lag far behind in this race. This is good news to those who have been waiting to score a great CD deal with American Plus for a long time as they will surely be assured of excellent growth with their hard-earned money.
The CD maturity terms from America Plus ranges from seven days to 60 months or 5 years. The rates vary in value, but the best ones are from the 12-months up to 24-months deal.
The minimum initial deposit to open an account is $1,000. For a much higher maturity earning, pump this up to an unlimited amount of over $100,000.
More information regarding fees and other specifics will be provided as soon as you contact one of their friendly customer service assistant either online or by phone to the bank nearest you.
About American Plus Bank
American Plus Bank was founded in 2007. Despite it being young in the world of banking and financial services, it rose to the rank of being 143rd largest bank in California. One of the great things about American Plus is that it boasts of a 55% higher than the national average with its rates. It is headquartered on Arcadia, California and currently provides electronic cash management system in an effort to push a wider selection of services to its growing consumers.