If you can tie up your money for several years, City National Bank has certificate of deposit (CD) rates that are competitive in the current market. The bank has a five-year CD with a 3.5% annual percentage yield (APY). Other CD rates include:
- 3% APY for four to five years
- 2.5% APY for three to four years
- 2.25% for two to three years
- 1.5% for one to two years
- 1.25% for 182 days to 364 days
- 1% for 91 days to 181 days
The APYs for the CDs assume that the the interest rate remains the same for one year, any interest credited to your account remains on deposit, and the minimum daily balance requirement is maintained for a year.
You need to make a minimum investment of $500 to open a CD. Withdrawing money early from a CD results in a penalty. Online access to your account is free.
City National Bank is based in Newark, N.J. You can open a CD by visiting one of its branches in New York and New Jersey.
The bank also allows you to open a socially responsible CD and have the funds placed in the City National Urban Fund. Doing this allows your CD deposit to go toward loans to socially conscious projects in urban areas in New York, New Jersey, and Philadelphia.
- 6 Month CD %
- 1-year CD %
- 2-year CD %
- Money Market Account %
- Savings Account %
- 30-year Fixed Mortgage 3.62 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
-
If you know of any bank deal that we haven't featured on our blog yet, we would love to hear from you. Whether you work with the bank or you found a deal in the newspaper, simply click on the submit a bank deal on the right hand side and help us all out!
-
If you know of any bank deal that we haven't featured on our blog yet, we would love to hear from you.
-
Confused on what you should invest in? Let the GoTalkMoney.com community help you when it comes to investing into a CD. If you already know what you're going to invest in, please vote on the poll on the right. If you want to see the results and you don't know what to vote, simply hit "I'm Not Sure" to see the results.
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
