Umbrella Bank has one of the best CD rates this week. The Internet unit of New South Federal Savings Bank has a 12-month CD with an annual percentage yield (APY) of 2.15%. Other CD rates as of Aug. 7, are:
- 3 months for 1% APY
- 6 months for 1.5% APY
- 9 months for 1.6% APY
- 18 months for 2.05% APY
- 24 months for 2.25% APY
- 30 months for 2.2% APY
- 3 years for 2.5% APY
- 4 years for 2.75% APY
- 5 years for 2.92% APY
To receive those CD rates you’ll have to deposit a minimum of $1,000. But interest rates can change at any time, so the rate is determined the day Umbrella Bank receives the funds for the account, not the day you submit the application. Also, certain fees and withdrawals of interest could reduce the amount of overall interest earned on an account. Interest to an account will be posted monthly or quarterly depending upon the anniversary of when it was funded. Interest can also be transferred to an Umbrella checking, savings, or money market account.
In addition to one of the best CD rates, an Umbrella Bank CD will be FDIC insured for up to to $250,000 per depositor. A paper certificate will be mailed to you after the account has been activated. You’ll also have 24 hour access to your account online.
- 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
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If you know of any bank deal that we haven't featured on our blog yet, we would love to hear from you.
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