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• Discover Bank Certificate of Deposit Best Rates

  If you like investing your money in a certificate of deposit, perhaps you are among those individuals who are always searching for banks that offer the best certificate of deposit rates. There are so many banks offering certificate of deposits with rates they consider to be the best in the market, but it is up to you, as the depositor, to make a comparison. The key is to compare which among these banks is offering the best certificate of deposit rate.

  Investing in a certificate of deposit is a good investment strategy because certificate of deposits are safe investments. Here is why a certificate of deposit is a good way of accumulating wealth:

  • The bank will return you money anytime you need it;
  • The value of your investment is sure to never go down;
  • The money is guaranteed to earn you a decent interest income; and
  • The return of your investment is guaranteed.

  Discover Bank, for example, is offering certificate of deposits with terms from 3 months to 120 months. In its rate sheet, updated as of October 22, 2011, Discover Bank certificate of deposit best rates are as follows:

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• Sovereign Bank CD Rates September 2011

  Sovereign Bank CD Rates for September 2011 is very competitive. The bank features Sovereign 1-5 months CD at 1.10%APY with $500 as minimum deposit. It also features Sovereign 50 month CD at 1.65%APY. The 50 month CD term also requires $500 minimum deposit.

  The above CD rates offer are available online. All you need to do is answer a few questions. However, if you are not comfortable banking online then it is best to visit one of Sovereign Bank’s branches. The bank has branches scattered all across the Northern U.S.

  The above APYs are effective September 24, 2011 and may change at any time.

  Sovereign Bank was founded in 1902 and has grown as one of the largest banks in the Northern United States. It is now part of the Santander Group, named “Best Bank in the World” in 2008.

  Sovereign Bank has a four (4) star rating from bankrate.com’s Safe and Sound Rating. A four (4) star rating is considered to be sound. The rating system indicated that the most desirable rating is five stars and the least desirable is one star.

  In April 2009, Sovereign Bank offered a 12 month IRA CD at 2.00%APY with the same minimum deposit of $500.

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