1st SouthWest Bank CD IRA Rates

1st SouthWest Bank is offering Certificates of Deposits and Individual Retirement Accounts with very competitive APYs. For example, the highest APY for CD IRA is 3.56% for a 60 month term. However, you must have at least $50,000 or more to obtain the APY. Like most banks, 1st SouthWest Bank will give you a better return on your investment if you choose a longer term and make a higher deposit.

1st SouthWest Bank return on investment depends largely on the term you choose and the amount of deposit you make. According to the bank’s rate sheet, accounts with balances between $1,000 to $49,999.99, will get the following APYs:

  • 1 month – 1.00%APY
  • 4 month CD – 1.11%APY
  • 6 months – 1.16%APY
  • 9 months – 1.26%APY
  • 12 months – 1.51%APY
  • 18 months – 1.66%APY
  • 24 months – 2.02%APY
  • 30 months – 2.27%APY
  • 36 months – 2.53%APY
  • 48 months – 3.04%APY
  • 60 months – 3.30%APY

For accounts with balances of $50,000 and more earn a higher APY.

  • 1 month – 1.26%APY
  • 4 month CD – 1.36%APY
  • 6 months – 1.41%APY
  • 9 months – 1.51%APY
  • 12 months – 1.76%APY
  • 18 months – 1.92%APY
  • 24 months – 2.27%APY
  • 30 months – 2.53%APY
  • 36 months – 2.78%APY
  • 48 months – 3.30%APY
  • 60 months – 3.56%APY

The above rates are current as of 3/4/09 but are subject to change without notice. Interest is compounded daily and paid monthly, quarterly or at maturity depending on terms and account balance.

Leave a Reply

Your email address will not be published. Required fields are marked *