Palladian PrivateBank
Category: Bank Deals, CD Rates, Savings Account Rates- fhuff- 8:59 am/ September 29, 2010Palladian PrivateBank has a savings account with a 1.5% annual percentage yield (APY). The APY is accurate as of Sept. 29, 2010, and is subject to change at any time. The minimum deposit required for the online savings account is $10,000.
Palladian PrivateBank customers can also open a certificate of deposit (CD) with a term of 3 months, 6 months, or 12 months. The 3-month CD rate is 0.8% APY, the 6-month rate is 1% APY, and the 12-month CD rate is 1.25%. To open a CD and earn the advertised rate you need a minimum of $10,000. Withdrawing money early from a CD results in a penalty.
The CD rate is effective for 14 calendar days from the date that the bank receives a completed application. The bank may not be able to honor the advertised CD rate if the account opening process is not finalized according to the bank’s instructions within the 14-day period.
The Palladian PrivateBank is a division of The PrivateBank and Trust Co. and is a wholly owned subsidiary of PrivateBancorp, Inc., a diversified financial services company based in Chicago. The financial services firm has 34 offices in 10 states. Deposits in CDs and savings accounts are insured by the Federal Deposit Insurance Corp.
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- 30-year Fixed Mortgage 3.57 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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