Digital Credit Union 4 Month CD
For those of you with short term in your hearts, Digital Credit Union is offering a CD special. Its probably one of the best cd rates around for the term. Currently the offer is for a 3.25% APY 4-month Bank CD. If you want to make a little more and lock in for right under a year then you may want to look at their 3.75% APY 11-month CD.
While bank CD rates for 2009 are still showing some value, its not a bad bet to take the short ones when you can. For those of you who are interested, the previous CDs are listed within the Digital Credit Union’s special offers page. These CD rates are also good as of 1/05/2009.
In order to get this deal you will also need to be a member of the credit union which requires a $5 balance after opening up a checking account. This is only required for those that are not currently located or living in or around areas of Massachusetts and Georgia. For full details of eligibility please visit the banks website.
Pacific Mercantile Bank California CD Rates
Pacific Mercantile Bank located in California is having a nice special on an 18 month CD. You can get the rate at 4.04% as of December 17th 2008. This is one of their highest CD rates for the shortest term currently. The 24 month CD as well as the 36 and 60 month CD also hold the same 4.04% rates.The minimum deposit for this cd rate is $10,000 dollars.
If you are living in or around Beverly Hills, Costa Mesa, La Habra, La Jolla, Long Beach, Newport Beach, San Juan Capistrano, or Ontario, CA you might consider visiting a Pacific Mercantile Bank and signing up to receive a nice interest rate on a certificate of deposit for a mid to short term.
Pacific Mercantile Bank is headquartered in Costa Mesa California, and offers all kinds of persoanl and business services including high interest earning checking and savings accounts.
Central Star Credit Union in Kansas 18 Month CD
If your living in Kansas and are looking for a good special Star credit has some nice CD rates right now. One in particular is the 18 month term which is a promotional deal. The 18 month certificate of deposit rate is 4.25% with a $1000 minimum deposit.
In order to reap this deal right away you will also need to open up a savings account with a minimum deposit of only $50 dollars. Of course being a Credit Union there are a few restrictions. Those being that only those living or working in Sedgwick, Butler, Harvey, McPherson or Saline County in the State of Kansas. Primary locations for banking are in Wichita, Kansas where the headquarters is located, and also Haysville, Kansas. Please make sure to check with someone at any of these locations on the current CD rates to make sure the special is still valid.
This deal will last till the end of December, and is a good bet for those looking to invest in something safe. If you want to lock in some of the best CD rates on in to 2009 this might be one of them. As always consult with a financial professional before making these decisions.
Metlife Bank 24 Month CD Rate
While you may be struggling to find some cd rates that are over the 4% range, there are some banks that you can get locked in for 12 month and 24 month certificate of deposits. One that you may take a look at is Metlife Bank CD rates. They are offering some average rates on most all short term certificates, but you will find the 24 month CD to be decent at 4.15% but only if you have over $15,000 to invest into it. Anywhere from $15,000-24,999 the rate will stay the same over the term of two years.
Metlife bank has been a bank in existence since 2001 and serves customers directly. As a part of other Metlife companies providing insurance, savings and checking accounts as well as other financial services, including recent acquisitions of EverBank Reverse Mortgage LLC and selected assets of First Tennessee Bank N.A.
Should Metlife have any deals related to CD rates that you get information of we would be happy for you to share it with us if we have not already updated the current information.
Americas Credit Union WA CD Special
Americas Credit Union still has a special on their bump flex CD (certificate of deposit) rate. As of today December 15th 2008 it is still a good CD that you can invest in. There is no telling how long it will last but it may be well worth a look if you have an account with Americas Credit Union which is a federal bank for all members of the United States Armed Forces active, retired and reservists.
All family of those formerly in the military may also be members of the Credit Union as well, and you can check on applicable rules that apply when signing up for an account.
Below is the special that is currently going on. It is one of the best cd rates out right now for a short term but will probably not stay this way for long. If you are interested in opening up an account or getting in touch with someone that can help you, check with their local office in the Washington area.
7 Month Term
$500 minimum
3.93% Dividend Rate
4.00%
Annual Percentage Yield
Parkway Bank CD Special
Parkway bank is running a nice special right now on their Certificate of Deposits. Currently they have several offers. The following are the two best CD rates offered as of November 29th.
Bank CD Rate - 4.08% APY for 14-Month term
Best CD Rate - 4.35% APY 30-Month CD
Parkway Bank and Trust Co. is a locally owned and operated financial institution that carries a wide array of investing options. From high yield savings accounts to Bank CD and Money market accounts. parkway Bank started off by opening its doors in 1964 in Chicago’s northwest side. Now they have branched out to Indiana, and more recently a new branch has opened in Arizona.
Make sure to check with a persoanl banker at Parway bank to keep up with the best CD rates and specials. be sure to also look into their internet banking for personal and business accounts.
Savings Square 3.60% APY Savings Account
Opening a Savings Square high interest savings account is one of the simplest things you can probably do on a website. Savings Square is is a product of Kirkpatrick Bank located in Edmond, Oklahoma. The great benefit of opening an account is
- No Minimums
- No Fees
- No Risk
- FDIC Insured
It takes about 15 minutes to set up an account, and it can be easily managed online. For those looking fo a no hassle way to invest more money through an FDIC insured bank online then this is the way to go. Keep in mind that this APY is variable and can be subject to change after account opening. This is not a locked in rate for any period of time.
The simplicity of the site makes it hard to look trustable, but this is a completely legitimate online bank that was meant to look simple. As we mentioned before a lot of banks are doing opening there own separate online savings and CD websites which streamlines their business and allows them to take advantage of the economy as well as some of the perks of Government assistance in some cases.
2009 CD Rates Up or Down?
Something I think a lot of people have on their mind is the question of how well CD rates will be performing come the new year of 2009. Will cd rates go up in 2009? Lets look at a couple positives which definitely makes CD rates just as tempting for 2009 as they are right now. Until Dec. 31, 2009, deposit insurance has been increased to a whopping $250,000. With that in mind, and the current crisis which doesn’t look to be getting better anytime soon, more investors who have lost their pants on investing in stocks are more likely to be investing in Bank Certificate of deposits.
So the question remains, with Bank rates go up in 2009, or will they drop and hit a plateau? Why wait to find out. If you want a good CD rates investing strategy, then lets look at how you can play it safe and still average a nice return on your investment.
The method we will discuss now is called laddering CD’s. The ideal way to invest with Bank certificates of deposits would be to NOT invest all your money in one long term CD. But rather, when you see a good deal On a CD with a high interest rate which requires a small deposit, then you would invest some of your money into it. This does several things for you. It allows you to still search for increased Bank CD rates while at the same time not having all your money tied up.
I have said this before, and I will say it again. Some of the best CD rates are short term. If you continue to invest with smaller amounts of money continuously over a period of time you will be able to recycle the return back into another CD. One you have made enough on the return of several CD’s then you might consider using that interest to invest in a long term CD for 5 years or so. This still leaves you with your original investment and allows you to stay in control of your money not only now, but well on in to 2009.
So if you are considering investing in a CD in 2009 instead of now, and you have a decent sum of money, you may not want to wait. There really is no 100% telling how high or low CD rates could go in 2009. To play it safe, spread yourself out over the period of now and 2009. And lock in 6 month, 12 month, and 18 month certificate of deposits when you find a particular high interest bank CD special.
Flagstar Bank 4.20% APY CD Rate
Currently Flagstar Bank Troy, Michigan as of November 26th 2008 is offering a 12 month CD rate at 4.20% APY. And you can open up a checking account to start with a small deposit, followed by a minimum deposit of only $500 on this particular CD. There are plenty of short term Certificate of deposits that are turning out to be some of the best cd rates out there. Since the future of Bank rate potentials is really unconfirmed at this point.
Flagstar Bank, headquartered in Troy, Michigan has multiple branches around Michigan, Indiana and Georgia. Currently 170 and growing. Flagstar offers a wide range of both checking, savings and investment products including Money Market accounts and some of the highest CD rates in its region.
Flagstar Bank was Chartered in 1987 as a federal savings bank, and has in excess of $14 billion in assets. Check them out and consult with them about opening a Bank CD or a Savings account.
Sovereign Bank CD Rates
Sovereign Bank is currently offering several Bank CDs (certificates of deposit) which are very tempting for an investor with a small amount of cash. Below are not only the current Sovereign Bank CD rates, but also a Money market Savings Account rate which is also currently featured on their website.
Money Market Savings - 3.50% APY with a minimum Balance of $75,000 to open.
9-Month CD - 3.50% APY with a minimum Deposit of $500 to open.
12-Month CD - 3.50% APY with a minimum Deposit of $500 to open.
These low deposit CD rates are not a bad investment for those who do not want to put a lot of money in, or just want to get started in investing in CDs.
Sovereign Bancorp, Inc., is the parent company of Sovereign Bank which is currently operated in a majority of the Northeast United States. Sovereign Bank got its start in Wyomissing, PA and has seen major growth in acquiring several financial institutions in the 1980’s. Currently operating with over 750 branches in the USA Sovereign Bank holds a strong spot in the banking industry with competitive bank high interest CD rates, savings accounts and checking accounts.
