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.
