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.
E-LOAN 1-year Bank CD Rate
E-Loan has a solid CD right now that’s pretty competitive with other banks online and offline. There is a 4.36% CD rate with only a minimum of $10,000 to deposit. You also get a $25 bonus when you put in the code “time25″. Thanks to Bankaholic and Patricia D on the tip.
There is not a specified amount of time left on this deal, but it looks like it lasted the weekend. If you are wanting to get an online certificate of deposit you might head on over to E-Loan and lock in your CD today.
If you have any tips on CD rates or money market account rates you would like to share with us, feel free to do so by using our contact form.
High Yielding Certificates of Deposit Warning
many investors who have taken a beating through the stock market or other types of investments with negative returns have been salivating over CD rates that are offered through Insurance agents and Brokers which appear to be legit. Some of these certificates of deposits are a dangerous investment though and have left some well short of satisfaction, and others with something they never bargained for.
How does it work? The first tactic used by Brokers or Agents is to advertise high-yield CDs to get you in the door, then try to sell you fixed annuities or other income investments. Something you don’t want right. What about that CD you saw an ad for which boasts over 6% in return? Be very careful, because many times what you saw was a misworded ad which offers you something that is not FDIC insured. Some will say the rate is promotional and then move you into something else that appears to be a CD but is not.
So always keep in mind. When you look at a high yielding CD and want to be safe about it, make sure you confirm that it is FDIC covered, and also that it truly is a Certificate of Deposit that is legit.
Community Bank of Nevada
If you are looking for some attractive short term CD rates, you might check with Community Bank of Nevada if you are in the area. They are offering some attractive rates.
Lets start with the shortest and work our way up the ladder.
3.50% APY with a 3 month term.
4.00% APY CD rate for a 6 month term
4.00% APY certificate of deposit at 9 months which is just the same as 6 month.
4.25% APY CD rate for a 12 month term.
If you don’t want to tie your money up for too long a period then you should look into opening a checking account with Community Bank of Nevada and consult with them on these currently tempting CD rates. Community Bank of Nevada is headquartered in Las Vegas Nevada and has 13 full service branches, nine of which are located in Las Vegas, as well as three in Henderson, and one located in Pahrump.
As always check with the bank first before you purchase your Bank Cd to be sure rates are current. This rate is good as of November 25th, 2008.
First Community Bank Of Ohio CD Rates
If you live in Ohio you have a great opportunity on getting a decent CD rate. Currently First Community Bank in Ohio is offering several certificate of deposits that are pretty competitive.
The first being a 5.00% APY for with a term of 36 to 60 months.
The second is a 4.75% APY CD at 24 and 30 month terms.
the third is a 4.25% APY certificate of deposit for an 18 month term.
The offers for these Ohio CD rates are good for residents located in the central part of Ohio. These areas include Columbus, Sedalia and Whitehall. You should call the bank or visit a location to confirm any details or questions you may have. These CD rates are good as of November 25th, 2008.
First Community Bank of Ohio has been operating since 1903 and has received favorable ratings as of current from Bankrate and several other prominent financial sites.
