The following is a list of the nationally available highest yields 12-month CD rates. Ask it now at Moolanomy Answers!
Copyright © 2007 - 2009 Pinyo B. The specific interest rate depends on the quality of loan you are investing in.
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FDIC insurance, Discover Bank, best cd rates, maximum earnings, high yield cds
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This post was written by Pinyo
Do you have a financial question? Moreover, you can use CD Ladder to make your CD savings more flexible and effective. Rates and conditions change constantly and I have reported what I believe to be the most accurate information at the time the article was updated. This feed is provided for the convenience of Moolanomy’s subscribers. You can open certificates of deposit at your local bank, but with a little more effort you can secure the best rates through online banks.
As of 3/2/2010, the highest yield CDs are:
Bank
Rate (APY)
Min Deposit
Details
Discover Bank CD
1.60%
,500
Choose terms from 6 months (1.00% APY) to 24 months (2.15% APY).
Ally Bank High-Yield CDs
1.58%
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Open with {content}, No monthly fees, Daily compounded interest for maximum earnings, Automatic renewal at maturity, Ability to withdraw and receive earned interest as income — just let us know before the CD maturity date or by ten days after. To learn more about peer lending, please read Introduction to Peer-to-Peer Lending.
* IMPORTANT: Please note that there are special risks associated with social lending.
Please review information associated with each offer before you sign up. In general, certificates of deposit (CDs) are great investments because your principal is protected by FDIC insurance and your interest rates are guaranteed. Ten-Day Best Rate Guarantee to new and renewing CDs.
EverBank Yield Pledge Certificates of Deposit
1.49%
,500
Choose terms from 3 months (0.75% APY) to 5 years (3.37% APY), Low minimum of ,500 to open your CD
Citibank CDs
0.80%
0
Bank Rates Search Tool
Additionally, you can use the following bank rates tool from MoneyRates.com to find the right banking product for your need.
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Alternative Savings And Investment Options
In addition to high yield savings accounts, there are other alternatives that may work for you.
Lending Club (average 9.65% APY*)
Lending Club is a social lending network where you can invest in individual loans with as little as . You are not allowed to reproduce the content within this feed in any manner.
Please visit Moolanomy Personal Finance Blog, Moolanomy Finance Directory, and Moolanomy Answers for more great content.
Currently, the average return on investment is 9.65% APY.
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This post was written by admin on March 2, 2010
