With the national average for CD rates keeping a steady hold these days, the quest for competitive CD offers continues. One of the best deals in town comes from no less than a local finance company. EH Bank, which is situated in California, has much higher-than-average rates that you’re sure to go after for.

About the Rates

EH Bank offers three different types of CD schemes: personal, business, and individual retirement accounts or IRA.

For the personal account CD rates, the best deal comes form their 1-year maturity term. An APY of 1.05% is no doubt much better than the national average of 0.76% for the same time period. The full list of their term and respective APYs are as follows:

Personal CDs APY
3 month Cd over 100K – 0.30%
3 month CD over 100K – 0.30%
6 month Cd over 100K – 0.80%
6 month CD over 100K – 0.80%
12 month Cd over 100K – 1.05%
12 month CD over 100K – 1.05%
24 month Cd over 100K – 1.20%
24 month CD over 100K – 1.20%

Business CDs have equally the same features and rates, while IRAs yield slightly higher returns for your money.

12 Month traditional IRA – 1.05%
36 Month traditional IRA – 1.40%
60 Month traditional IRA – 1.85%
12 month roth IRA – 1.05%
36 month roth IRA – 1.40%
60 month roth IRA – 1.85%

As it is with certificates of deposit, withdrawals cannot be made without penalties. Since this is a fixed term investment vehicle, the longer the term, the higher the growth of your money. All these terms compound interest on a daily basis. The credited statement will be issued upon maturity should you choose to withdraw the earnings.

Once you sign up for a CD term, you will need to enroll in online banking at EH Bank’s website so you can have 24/7 access to your account.

About EH Bank

Rooted in Beverly Hills, California, EH Bank is touted among largest SBA lenders in the country, finishing at seventh place. This mark of excellence continues to motivate the employees as well as the owners of EH Bank to pursue a full-speed route towards great service.

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