CD rates are insured by the FDIC just like your bank account. You have an option to stagger the maturity dates of your accounts and one has access to atleast a portion of the money invested. As an investor you can just stash all your savings in a planned way into these CD's adn then rest assured to have the best benefits out of them.
The Highest CD Rates presents an update on the November Cathay Bank CD rates . These rates are from a Chinese-American bank that was founded in 1962. Today, this financial institution has branch offices in California, Texas, Washington, Illinois, New Jersey, New York, Massachusetts, along with Shanghai, Taipei and Hong Kong.
The Cathay Bank certificate of deposit rates are set up in a tiered format. The first tier is for deposits from $2,500 to $49,999.99. The second tier is for deposits from $50,000 to $99,999.99. For rates on all deposits greater than $100,000 a Cathay branch office must be notified.
The current CD rates for the 7 to 31 days CD earns an APY of 0.10% and 0.15%, respectively. The 32 to 89 days CD earns an APY of 0.15% and 0.20%. The 90 to 179 day CD earns an APY of 0.30% and 0.40%. The 180 to 364 day CD is earning an APY of 0.70% and 0.70%.
The 1 year to 23 month CD is earning an APY of 0.90% and 0.90%, respectively. The 2 year to 35 month CD is earning an APY of 1.11% and 1.11%. The best CD rates are for the 3 to 5 year CDs. These CDs are currently earning an APY of 1.21% and 1.31%.
These Cathay CD rates were posted on November 10, 2010 but are subject to change without notice. These rates apply for accounts in Texas, California and Washington only. For other rates, please contact your local Cathay Bank branch office.
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