Certificates of deposit allow you to make more of your savings by putting it away for a fixed term, and for a fixed interest rate. Naturally, the longer you keep your money tied to the bank, the higher the interest they will give you. If you’ve got some extra cash which you know you won’t […]
Ally Bank 12 Month Highest Yielding CD
Ally Bank has the highest yielding 12 Month CD rate of 1.44% APY. With Ally Bank you can open a certificate of deposit with no money down, have no monthly fees and get their best rate guarantee. Ally Bank carries a Ten Day Best Rate Guarantee, which means that within 10 days of opening your […]
Bank Of America Cuts Long Term CD Rates
Bank of America dropped some of its certificate of deposits this past week to follow a trend of cutting rates. Bank of America, out of Charlotte, N.C cut its rates on the following CDs. 5 Year CD dropped by 0.50% to 1.75% from an average of 2.25%. 4 Year CD rates dropped from 1.75% to […]
First Federal CD Rates Offered
First Federal is now offering a 5 year CD rate of 3.5% APY with a minimum deposit of $1,000 and a 3 year CD rate of 2.65% APY with a minimum deposit of $20,000, this rate drops to 2.40% APY for a $1,000 minimum deposit. Both of these CDs come with an early withdrawal penalty […]