A 12-Month IRA CD with 2.00%APY is being offered by Sovereign Bank. It requires a minimum deposit of $500 to open. Maximum deposit is however limited up to $499,999. The bank also requires customers to have a Premier Checking Account to open the CD account and receive the APY. There is also a penalty for early withdrawal.
This offer is available for individual accounts only. Rate is accurate as of April 11, 2009 but may change any time.
Compare this rate with that of Bank of America’s 12 month IRA CD rate or the IRA CD rate offered by Community Bank of Nevada.