Posted by: Brodie Jerrems in
Bank Rates on October 8th, 2010
Savers living in southeastern Kentucky should take advantage of the 12 month CD rates at Peoples Bank & Trust Company.
It’s paying 1.76% APY with a $500 minimum deposit.
That’s one-quarter of a percentage point more than the best nationally available 12-month CD rates, and nearly as much as the top 24-month CD rates.
Since this is a local offer, you must buy these certificates of deposit at one of the bank’s seven branches in Hazard and Vicco, Ky.
Click here to compare Peoples Bank & Trust’s deal with CD rates from scores of other banks in our database.
Posted by: Brodie Jerrems in
Bank Rates on September 26th, 2010
I don’t know whether you’ve noticed, but American Express Bank now holds a spot in three of our six rankings of the best nationally available CD rates.
The online bank owned by the upscale credit card company has claimed the fourth spot for 24-, 36- and 60-month certificates of deposit.
American Express has often offered above-average returns.
Back in July, for example, it began paying 1.75% APY on 24-month CDs.
That was much better than the average return of about 1% during the middle of the summer, but not quite competitive with the 2% returns the leading banks were offering.
Over the past couple of months though, American Express has stuck with that 1.75% APY while all of the top-paying banks lowered their returns.
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Posted by: Brodie Jerrems in
Bank Rates on July 17th, 2010
Two credit unions that allow anyone to join, regardless of where they live or work, now offer the best nationally available rates on 3-month to 5-year certificates of deposit:
3-month CD: 1.40% APY from Fort Knox Federal Credit Union, headquartered in Radcliff, Ky. , requires a $500 minimum deposit.
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Posted by: admin in
Bank Rates on December 19th, 2009
As the year of 2009 comes to an end, CD rates headed down again this week over last. This year has been the most dismal year for deposit rates – for most of 2009, 12 months CD rates have been hovering just above 1.00 percent.
The average five year certificate of deposit rate has been under 3.00 for most of the year. Back in the summer of 2008 you could find 12 months CD rates paying more than 3.00 percent.
Find a local list of CD Rates in your zip code by searching our CD rate tables here.
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Posted by: admin in
Bank Rates on October 22nd, 2009
Bank CD rates continued their slow decent down this week, there were no big moves down, in fact the average bank CD rate decline was fractional this week over last week.
Bank CD rates are not expected to move higher until sometime next year when the economic recovery is well under way and the Federal Reserve starts raising interest rates.
Bank CD Rates
- The average yield on a 3 month bank certificate of deposit is at 0.592 percent this week, down from last week’s average 3 month CD rate of 0.600 percent. UFB Direct is offering the best CD rate for a 3 month CD, the current rate is 1.24% and the yield is 1.25%
- 6 month bank certificate of deposit rates are averaging 0.863 percent this week, down from the prior week’s average rate of 0.873 percent. First
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