Friday, 1 November 2013

These Certificates Of Deposit Are Tops In Class

By Cornelius Nunev


If you are looking for a CD, there are numerous things to consider. Here are a few of the very best certificates of deposit around, with an eye toward yield and other good benefits.

Go to Ally Bank

You can get 0.94 percent interest on a one-year CD at Ally that is compounded at the optimal every day rate. There is no minimum required in the account and renewal can set as the CD reaches maturity. If you want a 5-year CD, you can get 1.59 percent APY, according to Money Magazine.

Go to Nationwide Bank for an option

Nationwide does more than insurance. Its banking arm sells very competitive CD goods that are compounded daily, such as a 12-month, no minimum deposit CD with a 1 percent APY. Its 5-year CD beats the national average at 1.80 APY on deposits up to $9,999.00. A jumbo CD of $100,000 or more offers even better rates.

Best certificates of deposit No. 3 - OneWest Bank, FSB

OneWest gets top ratings for both its CD rates and customer service. With a $1,000 minimum opening deposit on a 1-year CD at 1 percent APY, OneWest is a popular choice. Its 5-year CD features a 1.60 percent APY, and both CDs are compounded daily.

Next might be Bank of Internet USA

With interest compounded daily, a lot of people like Bank of Internet USA. The Bank offers 1 year CDs at 0.80 percent APY compounded daily. If you would like a five year plan, the interest is 1.60 percent APY.

What about EverBank?

A 0.81 percent APY will be given on a 1-year CD at EverBank, though five years can get you 1.65 percent APY. The business is ranked very high for customer service, so it might be worth the required $1,500 needed to open the CD.




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