Best CD rates Today July 2011 are not all from the same financial institution. Each bank has specific target audiences that are reflected in their CD rates and terms to help their customers with investing their money for the best possible return.
The best CD rates from most of the banks are on their 5 year CD. The best bank CD rates at this term is from Sovereign Bank where their 5 year CD is earning an APY of 2.80%. The minimum deposit to obtain this rate is $500.
The second best 5 year certificates of deposits rates is from Ponce De Leon Federal Bank. Their APY on their 5 year CD is 2.75%. The minimum deposit to obtain this CD rate is $1,000. Their 4 year CD is earning an APY of 2.25%. This financial institution is located in the Bronx, NY.
Both of these financial institutions are offering a 3 year CD that is earning an APY of 1.80%.
Other financial institutions in the New York area that are also offering an APY of 2.75% on a 5 year CD include the North Jersey Community Bank and Fort Lee Federal Savings Bank. Both of these financial institution require a minimum deposit amount of $500 to open and earn the stated APY’s.
These are the Best CD Rates Today July 2011 for a 5 year CD the New York area financial institutions have to offer. All rates are subject to change without notice.
For additional resources about CDs on http://www.bestcdratestoday.com, please view Best CD Rates with a 3 year term. We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.
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Article Source: http://hsbccdrates.blogspot.com/2011/06/cd-rates-from-alostar-bank-of-commerce.html
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