Giantbank.com CD Rates

Giantbank of Ft. Lauderdale, Florida, a division of Landmark Bank, is offering one of the best CD Rates around for a 12 month CD. The bank is currently offering a one-year CD with an annual percentage rate of 1.89 percent, the annual percentage yield is 1.91 percent. A lot higher than the average national rate for 12 month cd rates at banks.

The minimum opening deposit for the 12 month certificate of deposit and all certificate of deposit accounts at Giantbank is $2,500. The minimum deposit for a 12 month individual retirement account CD and all IRA certificate of deposit account is only $1,000.

Interest is compounded daily for all certificates at Giantbank, giving you a better annual percentage yield than certificates that are compounded daily, quarterly or annually. The interest you earn will be credited to your account every month.

As with all certificate of deposits issued by a bank there are early withdrawal penalties. Giankbank charges an early withdrawal penalty of three months of interest if the original certificate of deposit maturity is six months or less. For certificates of deposits that have a maturity of more than six months the early withdrawal penalty is six months of interest.

 

GMAC, ELOAN, Captial One CD Rates

GMAC Bank increased some of its CD rates today. The 60-month CD yield increased from 4.80% to 5.00% APY. Other banks that reached 5% this week include E-LOAN, Capital One and M&T Bank, NA.

GMAC Bank CD rate changes as of 6/27/08:
Term       OLD APY     NEW APY    CHANGE
3 months     3.35%       3.25%     -0.10
6 months     3.50%       3.60%     +0.10
9 months     3.60%       3.65%     +0.05
12 months    3.80%       3.90%     +0.10
18 months    4.00%       4.00%         -
2 years      4.15%       4.15%         -
3 years      4.35%       4.45%     +0.10
4 years      4.60%       4.60%         -
5 years      4.80%       5.00%     +0.20

GMAC Bank’s FAQ page does a pretty good job describing the CD details.

 

Belvoir FCU Share CD

Belvoir Federal Credit Union is offering 5.38% apy on their Young Savers 12 month youth share certificate. This certificate is available to members 18 years of age and younger. The maximum deposit limit for this certificate is $1,000.

Field of membership in Virginia based Belvoir Federal Credit Union is open to all active duty or retired US Armed Forces as well as a employees, members, worshipers, or volunteers of a number of organizations. Membership is also extended to members of the Friends of Manassas National Battlefield Park which anyone can join for $15.

 

National City Bank Best CD Rates

National City Bank has updated their promotional page at nationalcity.com/SaveNow to include the 5.00% APY 48-month CD special and the latest expiration date of 4/12/08. The minimum deposit is $10,000, and it requires that you have or open a checking or savings account. A new free checking doesn’t qualify, and the minimum checking deposit is $1,500.

Without the checking, the yield is 4.75% APY. They also have a special 4.25% APY 24-month CD which is also scheduled to last until 4/12/08. For both CDs, lower rates are available without the checking/savings accounts and with a deposit under $10K.

 

Bank of America Current CD Rates

Bank of America has dropped their rates along with the rest of the banking industry. Big banks like Bank of America have historically offered lower rates, and their current rates have not broken this trend. Bank of America’s high yield CD has a yield of 3.06% APY, with a 4 month maturity term. Minimum balance on this CD is $5,000.Their Risk Free CD offers an even lower rate of 2.75% APY and a 9 month term. However, this CD allows you to withdraw funds prior to maturity without a penalty, which makes it similar to a high yield savings account.

The Bank of America regular savings account yields a pitiful .20% APY compared to Washington Mutual’s 4.00% APY or E*Trade Financial’s 4.10% APY.

 

ANB Financial Top CD Rates

ANB Financial has several CD terms with yields over 5%. These include a 5.13% APY 12-month CD, a 5.23% APY 24-month CD, a 5.28% APY 36-month CD and a 5.32% APY 60-month CD. The minimum deposit is $500. These are not listed at the bank’s website.

Please note that these CD rates are only for their new Idaho Falls branch and a branch visit is required. Rates listed for their Jackson, WY branch have lower rates. Those rates are still competitive. These include a 4.35% APY 12-month CD, a 4.58% APY 36-month CD and a 4.63% APY 60-month CD. Rates listed for their Arkansas branches are all under 4%.

The bank is FDIC insured.

 

Bank of America Current Top CD

After the recent Fed interest rate cuts, many banks have been cutting their CD and savings rates as well. Bank of America’s current top CD rate has a 3.80% APY with $5,000 minimum balance.

Bank of America also offers a risk free CD with 3.35% APY and no fee early withdrawals. This means you can get the benefits of a high CD rate with the flexibility of a savings account.

This CD is only available online and not through brick and mortar Bank of America.