Best Certificate of Deposit Rates 12 months September 2011

Searching as to which bank offers the best certificate of deposit rate? Below are the best certificate of deposit rates for a 12 month CD.

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1. AloStar Bank – 12 months CD at 1.21%APY. $1,000 is the minimum required to open. Also, it offers a 6 month CD at 1.05%APY that requires $1,000 minimum opening deposit.

2. Discover – 12 months CD at 1.15%APY. Requires $2,500 minimum opening deposit.

3. giantbank.com – 12 month CD at 1.15%APY. Also requires $2,500 minimum opening deposit.

4. Ally Bank – 12 month high yield CD at 1.14%APY. No minimum deposit is required.

5. GB – 12 month CD at 1.14%APY. Requires $5,000 minimum opening deposit.

6. Aurora Bank – 12 month CD at 1.14%APY. Requires $1,000 to open.

7. ASCENCIA, a division of PBI Bank – 12 month CD at 1.13%APY. $500 is the minimum opening deposit.

8. AIG Bank – 12 month Signature CD at 1.10%APY. Requires $2,500 minimum opening deposit.

9. Colorado Federal Savings Bank – 12 month CD at 1.10%APY. Requires $5,000 minimum opening deposit.

10. Nationwide – 12 month CD at 1.05%APY. APY applies to account deposits from 0-9,999.00.

11. One West Bank – 12 month CD at 1.00%APY. Available online, at a branch or for retirement accounts.

A certificate of deposit is a time deposit, one of the many financial products offered by banks to its customers in the United States. It is a special type of deposit account that investors who are looking for relatively low risk investment would turn to. Individuals who have idle cash are guaranteed to earn a fixed interest rate with this type of worry free investment.

 

 

 

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