If you are trying to find a CD, there are numerous factors to consider. Here are a few of the best certificates of deposit around, with an eye toward yield and other optimistic attributes.
Try out Ally Bank
Voted best online bank by Money Magazine in Oct. 2012, Ally has a one-year CD with an annual percentage yield (APY) of 0.94 percent, compounded at the optimal daily rate. No minimum is required to open the account, and automatic renewal could be set for when the CD reaches maturity. A CD with 5-year maturity nets 1.59 percent APY, compounded every day.
Second is Nationwide Bank
The CD goods at Nationwide are pretty remarkable. In fact, you can get 1 percent APY on a one-year CD with no minimum deposit. You can get better rates with a 5-year CD at 1.80 APY. Anything over $100,000 gets an even better deal.
Get your CD at OneWest Bank
You need at least $1,000 to open a CD for 1 year at OneWest, but you can get 1 percent APY on it. For five years, you get 1.60 APY. These are all compounded daily, so that is great.
Try Bank of Internet USA next
Interest is compounded every day at Bank of Internet USA that offers 0.80 percent APY for a 1-year CD and 1.60 percent APY for a five year plan.
Go to EverBank
Opening a CD will cost $1,500 for someone at EverBank, but the bank has some of the best customer service in the industry. The bank offers 0.81 APY on one year CDs and 1.65 APY on five year plans.
Try out Ally Bank
Voted best online bank by Money Magazine in Oct. 2012, Ally has a one-year CD with an annual percentage yield (APY) of 0.94 percent, compounded at the optimal daily rate. No minimum is required to open the account, and automatic renewal could be set for when the CD reaches maturity. A CD with 5-year maturity nets 1.59 percent APY, compounded every day.
Second is Nationwide Bank
The CD goods at Nationwide are pretty remarkable. In fact, you can get 1 percent APY on a one-year CD with no minimum deposit. You can get better rates with a 5-year CD at 1.80 APY. Anything over $100,000 gets an even better deal.
Get your CD at OneWest Bank
You need at least $1,000 to open a CD for 1 year at OneWest, but you can get 1 percent APY on it. For five years, you get 1.60 APY. These are all compounded daily, so that is great.
Try Bank of Internet USA next
Interest is compounded every day at Bank of Internet USA that offers 0.80 percent APY for a 1-year CD and 1.60 percent APY for a five year plan.
Go to EverBank
Opening a CD will cost $1,500 for someone at EverBank, but the bank has some of the best customer service in the industry. The bank offers 0.81 APY on one year CDs and 1.65 APY on five year plans.
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