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That would depend on the amount of the CD, as well your bank. Some banks will raise your interest rate a bit, but you have to ask them to do so. If the CD is a large one ($50,000 or more) then they will sometimes go up one half to three fourths of a point on your interest rate. But always be sure that where ever you do invest your money that it is FDIC insured. FDIC - Federal Deposit Insurance Corporation
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What banks offer the highest CD interest rates?
GMAC Bank has the highest CD interest rate at 2.80%. GMAC Bank also has the highest rate on 12/3 at 3.75percent with a minimum of 500 deposited for a 6 month CD.
Which bank in South Carolina has the best 3 month cd rate in SC?
Bank of America and Citi have the best 3 month cd rate in SC. Their rates are about 3.05% to 3.35% over the last year and a half. CD interest rates vary daily across banks. For upto date information on banks in the South Carolina area check bankrate.com for the most up to date interest rate information.
Does Washington mutual offer the highest CD interest rates?
5.00% was one month promotion that ended 9/1. They offer a 12 month at 4.5%. AloStar Bank of Commerce offers the highest CD interest rate. For more information you can go to Bankahloic's website.
What is a good CD interest rate?
A good Cd interst rate would be above 1,5,currently Discover Bank New Castle, offer a Cd interest of 1.69
How can you find the best CD interest rate?
The website Bankrate was able to list the best CD interest rates. Metlife offers a 1.290% interest rate, E-Loan offers a 1.250% interest rate, and Aurora Bank offers a 1.200% interest rate to name a few.
What is the current interest rate on a 3 month CD with PNC bank?
The interest rate for the 3 month CD varies. It is usually somewhere between 1.5-2%.
What banks offer the highest CD interest rates?
GMAC Bank has the highest CD interest rate at 2.80%. GMAC Bank also has the highest rate on 12/3 at 3.75percent with a minimum of 500 deposited for a 6 month CD.
Try a Wachovia CD for an affordable way to save money.?
A Certificate of Deposit, also referred to as a CD, is a great option when looking into different ways to save money. Wachovia offers two different types of CDs, a fixed rate CD and an IRA CD.A fixed rated CD is an easy way to get that nest fund started. You must have a Wachovia checking account in order to open this Featured CD, and a minimum $5,000 is necessary to get it started. An 11 month CD has a .25% interest rate and a .25% APY rate. A 35 month CD has a .80% interest rate and a .80% APY rate. A 45 month CD rate has a 1.39% interest rate and a 1.40% APY rat. A 59 Month CD has a 1.98% interest rate and a 2.00% APY rate.IRA CDS are a great choice for retirement plans. There are four types of IRA CDs: Traditional, Roth, SEP or Coverdell Educating Savings Account. This CD gives you FDIC insurance, and automatically rolled over when it matures. The interest rates and APY rates get higher the longer the money stays in the account. A 3-6 month CD of $0-100,000 has an interest rate of 0.01% and an APY rate of 0.01%. A 6-12 month CD of $0-100,000 has an interest rate of 0.10% and an APY rate of 0.10%. They offer CDs that last for up to 5 years, with higher interests rates and APY rates.CDs have maturity dates, and those maturity dates come with rules and regulations. The earlier you take the money out of the account, the great the penalty is. Any withdraw 24 months or earlier from the maturity rate results in a penalty of 360 days interest. Withdrawing between 12 and 24 months will lead to a penalty of 180 days interest. Three to 12 months prior to the maturity date is a penalty of 90 days interest. Withdrawing with thin three months prior to the maturity date will cost you all the interest that would be earned during the term of the CD.Visit Wachovias CD website to learn more about your options.
What is the highest available cd interest rate at Bank of America?
Of course the rate will vary according to the term of the CD. According to the Bank of America's rate sheet, for a new residential account with advantage checking, their 120 month CD has a rate of 3.70%. For existing customers an 18 month Opt-up CD with a $10,000 deposit will yield 1%.
How can you calculate your CD interest rate?
To calculate CD interest rate, all you have to do is to just multiply the principal amount you have invested in CD with interest rate. If u want to calculate for the monthly interest then divide the resultant with 12.
What is an acceptable intrest rate for a 36 month IRA CD?
Rates vary significantly from bank to bank. According to BankRate.com, the highest rate available for a 36 month IRA CD is just a hair under 2.5% (Discover Bank and Ally Bank). The Interest Rate for an IRA varies depending on lenght. 36 month IRA CDs can have interest rates of 1.85% APR.
How much taxes do you pay on the interest from a 12 month CD?
If your federal marginal income tax rate is 15 % and you have 1000 of interest income for the year on the 12 month CD the federal income tax amount would be 150 of federal income tax on the 1000 of interest income.
what is the current interest on a 1 year cd offered by the chase bank?
The curent rate of a 12 month cd from Chase bak is .25% with a $1,000 minimum deposit.
Which bank in South Carolina has the best 3 month cd rate in SC?
Bank of America and Citi have the best 3 month cd rate in SC. Their rates are about 3.05% to 3.35% over the last year and a half. CD interest rates vary daily across banks. For upto date information on banks in the South Carolina area check bankrate.com for the most up to date interest rate information.
Does Washington mutual offer the highest CD interest rates?
5.00% was one month promotion that ended 9/1. They offer a 12 month at 4.5%. AloStar Bank of Commerce offers the highest CD interest rate. For more information you can go to Bankahloic's website.
What is a good CD interest rate?
A good Cd interst rate would be above 1,5,currently Discover Bank New Castle, offer a Cd interest of 1.69
What is the CD rate for a 12 month period?
Best CD Rate, $10,000 for 1 year?
