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CDs - Best and Highest Rated

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Cd Rate 5

CD refers to a Certificate of Deposit which is a long term investment that offers a higher yield than savings in an ordinary account. The certified deposit account is simply non-liquid in comparison to savings accounts or money market. However, the interest earned is significantly more than that of other kinds of accounts. Certificates of deposits are frequently issued by banks but they are also sold by dedicated brokers. CD has a maturity time period and different rates depending on the bank and time taken. The five year CD rate ranges from 6%-10% depending on the bank. After the expiration of the five years you are given back the principal amount in addition to the interest accrued.

Bank Of America Liquid CD Risk Free

The Bank of America is the largest bank in United States and it offers a liquid CD that is referred to as the Bank of America Risk Free CD. The bank advertises this as part of the banking specials. The time taken for this CD to mature is 9 months and at present its annual yield is at 1.30%. The bank limits the minimum deposit at $5000 and the maximum risk free deposit at $500,000. The main advantage of this CD is that any withdrawals before maturity do not solicit a penalty which makes it different from other normal CDs. For more information visit www.bankofamerica.com

6 Cd Rates

Certificate Deposits are investments that mature after a long period but they have been fashioned to also consider short term periods. This led to the development of short term deposits that can last for 6 months. The 6 month short term deposit carries with it an annual yield of between 1% and 2% depending on the bank offering the deposit. The deposits range from a minimum of $1000 to a maximum of $100,000 depending on the bank. These kinds of deposits are good for investing funds for emergency purposes.

Best CD Rates

The best bank CD rates have a highly effective rate of return or the yield of investments given by banks on the customer's deposits. The CD rates are at times based on the amount of money deposited in the bank and may vary from one bank to the other. They range from 1% to as much as 10% depending on the bank. This is because there has been increased competition with banks trying to outdo each other by giving customers the best attractive rates of return on their deposits. For more information, it is advisable to contact the bank in which you want to open an account or research the internet for the best rates that are available.

5 Month Liquid Internet CD

The world savings bank is issuing a 5.01% APY 5-month over the internet. The minimum deposit is set at $10,000 while the maximum amount is $100,000, this is only for new accounts. This type of CD also allows for the addition of extra funds and the withdrawal of funds before maturity of deposit. This liquid CD appears to have ended in March but is still accessible at the world savings banks branches. One can avoid the restriction that requires the funds to be deposited form another bank by simply moving their money around. They will however spend sometime with the money not earning interest.
 


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