It is very important for people not just to save but also to invest their money. Why is this so? Investing helps create more money from what you already have, helping you in your goal to have a secure and financially stable future even upon retirement. For those who are financially savvy, certificates of deposit are a great way to invest while keeping your money safe. One place to grow your cash is in Bank United.
About Bank United
Bank United has proven to be competitive ever since it was established in 2009. Although it is relatively young, many Americans have decided to invest because of their great rates and other financial services such as loans, mortgages, checking, savings, and credit cards.
In terms of certificate of deposits, they have their CD specials. The rates they currently have in their site have been updated last July 12, 2012. These rates are competitive when compared to other financial institutions. Right now, the minimum balance one should have in opening a certificate of deposit is $5,000. For the terms, they have the 12 month period that has an interest rate of 0.65% with an annual percentage yield of 0.65% as well. Those who will pick the 18 month will have an interest rate and APY of 0.75%. 0.85% on the other hand is the annual percentage yield and interest rate for the 24 month term. And the last term they have is the 36 month period with an interest rate and an annual percentage yield of 1.000%. Some may find these rates slightly lower than usual but actually these are good rate already that can compete with other financial banks or companies. Those individuals who have not opened their own certificates of deposit should consult with Bank United in order for them to know what are its benefits and advantages.