Bank CD Rates

If you live in Oklahoma, the First National Bank of Pawnee has competitive CD rates. The bank does not accept out of state deposits to open a certificate of deposit. CD rates available as of July 27, include:

• 0.5 percent annual percentage yield (APY) for 91-day single maturity
• 1 percent APY for 182-day
• 1.21 percent APY for 1 year
• 1.31 percent APY for 18 months
• 1.51 percent APY for 2 years
• 2.02 percent APY for 3 years
• 2.17 percent APY for 4 years

All of the CD rates are for single maturity and auto-renewable CDs, except for the 91 day CD. The 91- and 182-day CDs require a minimum opening deposit of $2,500. For other certificates of deposit the minimum opening deposit is $1,000. You can elect to have interest paid by check, checking deposit, savings deposit or added onto the CD.

Early withdrawal penalties include 3 months interest for 1-year CDs and 6 month’s interest fo 2, 3, and 4-year CDs. The penalty early withdrawal of a 91-day certificate of deposit is 91 days interest and 3 month’s interest for a 182-day CD. Deposits at First National Bank of Pawnee are insured by the Federal Deposit Insurance Corp.

United Republic Bank is currently running a certificate of deposit promotion that has the best CD rates as high as 1.30% APY for a 14 month term and 1.65% APY for a 21 month term. Aside from this, the bank also offers competitive mid-term and long term certificate of deposit. The bank has the following current CD rates:

• 18 months      1.10% APY
• 24 months      1.30% APY
• 36 months      1.50% APY
• 48 months      2.00% APY
• 60 months      2.20% APY

You can start enjoying this top CD rates by opening an account and make an initial deposit of $1,000. you also need to maintain this balance on your account to earn this highest CD rates. You will be charge an early withdrawal fee in case you decide to take out some funds before the maturity date. Take note the the current certificate of deposit rates are subject to change anytime without prior notice.

You also need to visit the bank to open an account. The bank is headquartered in Omaha, Nebraska. In case you have additional question or concerns with regard to their certificate of deposit rates or even requirements that you will need to bring when you open an account, you can call their customer service thru 402-505-8500.

United Republic Bank began providing its services in 2006. They currently grew to have over $58 million in assets. The bank is also insured by the Federal Deposit Insurance Corporation with certificate number 58359.

Ascencia Bank has a 1-year certificate of deposit with a 1.22 percent annual percentage yield (APY). The CD rate is current as of June 10, 2011. The bank offers other CD rates and terms, including:

• 1.04 percent APY for 6 months
• 1.49 percent APY for 2 years
• 1.45 percent APY for 2.5 years
• 1.5 percent APY for 3 years
• 2.38 percent for 5 years

The Louisville-based bank requires a minimum deposit of $500 to open a certificate of deposit. The maximum that can be deposited in a certificate of deposit is $97,000. Ascencia Bank CDs feature:

• 24-hour online access to CD accounts
• Interest is compounded monthly
• Bank can limit the number of CDs an individual can open
• Interest rate is guaranteed for 20 days from the date of application
• No withdrawals for first 90 days account is open
• Insured by the Federal Deposit Insurance Corp. (FDIC)

Withdrawing funds early results in penalties. The penalty for early withdrawal from CDs with a term of 12 months or less is 91 days interest on the amount withdrawn. The penalty for terms greater than 12 months is 182 days interest.

If you have at least $5,000 to deposit in a certificate of deposit at Capital One Direct Banking, you could earn 1.88% annual percentage yield (APY) for three years.  The bank has other CD rates for various terms that include:

• 1.24% for 2 years
• 2.18% for 4 years
• 2.47% for 5 years
• 2.96% for 7 years
• 3.2% for 10 years

CD rates for terms less than two years are also available. Jumbo CD rates are available for deposits of at least  $100,000. The certificates of deposit have fixed rates, have no fees to open or maintain an account, and are insured by the Federal Deposit Insurance Corp.

Capital One Direct Banking also has a high yield money market with no monthly fees of minimum balance. Money markets include free online transfers and checks. The money market also includes a free ATM card.

In addition to CDs, Capital One also has a high yield money market rate for all balances as of June 9, 2010, is 1.1% APY. Interest rates and APYs are variable and can change at any time. Interest is compounded daily and credited monthly. You are limited to six withdrawals from a money market during each calendar month.

Capital One Direct Banking products and services are offered by Capital One Bank (USA) N.A. and Capital One N.A.

OneWest Bank has competitive CD rates that include 2.4% annual percentage yield (APY) for two years and 3.4% APY for five years if you open an account online. Other online CD rates at the bank include:

• 1.3%  APY for three months
• 1.8% APY for nine months
• 2.1% APY for one year
• 2.8% APY for three years
• 2.9% APY for four years

To open a certificate of deposit you need a minimum opening deposit of $5,000. Interest is fixed and is compounded daily and paid or reinvested into the CD account monthly or at maturity. Certificates of deposit renew automatically at the current rate available for the same term. The CD rate you receive also will be based upon the account balance.

There is a seven-day grace period beginning the day after maturity during which you can withdraw or transfer funds to another account. You’ll pay a penalty for withdrawing money early. For example, if you withdraw money early from a CD that has a term of one year or longer, the penalty would be six months of simple interest at the rate being paid on the amount that is withdrawn.

OneWest Bank also has an online Raise Your Rate CD that allows you to request a rate increase once during the term. The maturity date will remain the same after the CD rate increase.

Giantbank, the online division of Fort Lauderdale, Fla.-based Landmark Bank, has a 12-month certificate of deposit with a 2.01% annual percentage yield (APY).  If you’re looking for a longer or shorter term, take a look at the follow CD rates:

• 91 days –  0.75% APY
• 182 days – 1.56% APY
• 9 months – 1.61% APY
• 24 months – 2.11% APY
• 36 months – 2.16% APY
• 60 months – 2.31% APY

The CD rates were current as of Sept. 2, but are subject to change. Also, certain fees may reduce the overall earnings on an account. Interest on the account is compounded daily and credited to accounts monthly.

You need a minimum deposit of $2,500 to open an account. Certificates of deposit can be opened online or by mail. Account information can be accessed either online or by telephone 24 hours a day.

If you take money out of your CD before the end of the term, you’ll pay an early withdrawal penalty. However, you can have interest that is credited in the term before maturity mailed to you or transferred to a Giantbank checking or money market account without any penalties.

Unless you notify the bank, your CD will automatically renew upon reaching maturity. You have 10 calendar days after maturity to withdraw money from the CD without getting hit with a penalty.

TriState Capital Direct is offering several competitive CD rates available nationwide. Here are their certificate of deposit rates:

• 2.10% APY CD for 12 month term
• 2.60% APY CD for 24 month term
• 3.00% APY CD for 36 month term

Some of the fine print details of their CDs include:

• Online application is available
• Free wire transfers
• ACH transfers accepted
• Rates received will be based on time of deposit
• Early withdrawal penalties apply

In addition to certificates of deposits, TriState Capital Direct also offers a 1.50% APY on their money market account. One thing to note is that the money market account requires a 95,000 minimum, which is a bit on the high side.

TriState Direct currently has a fair soundness rating according to Bankrate and BauerFinancial.

Nexity Bank, located in Birmingham, Alabama is offering some of the best CD rates available today. Check Nextiy Bank’s website for more current certificate of deposit rates.

• 3 month CD – 1.61% APY
• 6 month CD – 2.21% APY
• 9 month CD – 2.11% APY
• 12 month CD – 2.56% APY
• 24 month CD – 2.66% APY

Nexity Bank also has locations in Atlanta, Georgia, Columbia, South Carolina, Dallas/Fort Worth, Texas, Myrtle Beach, South Carolina and Winston-Salem, North Carolina.

Nexity is FDIC insured.

1st Source Bank has some competitive long-term CD rates. These yields include a 4.45% APY for a 2-year term, a 4.80% APY for terms of 3, 4 and 5 years, and a 5.00% APY for a 6-year term. The 2-year term has a $5,000 minimum deposit. All the other terms have a $500 minimum. These are also available in an IRA.

At the bottom of the rate table the bank provides a fair about of details about the CD. Some of the important details:

• Applications should be mailed and postmarked on the date that you apply. The postmark date will lock in the rate shown on our website
• Interest may be paid by check or credited to another 1st Source Bank deposit account for Certificates equal to or greater than $2,500.00
• This offer applies only to personal CDs with balances up to $100,000
• Interest is compounded annually for terms longer than 12 months
• Early withdrawal penalty equals 6 months of interest on amount withdrawn for terms over 1 year through 6 years
• 10 day grace period at maturity
• No interest is earned during grace period if CD is redeemed

1st Source Bank is based in South Bend, Indiana with over 80 branches in Indiana and Michigan. It has been FDIC insured since 1934.