The Best CD Rates with a 5 year Term

Best CD rates today 5 year term for July 2011 are available to all Americans via the online banking services of the financial industry. Unfortunately the top rate last week has already been reduced by Sovereign Bank from 2.80% APY to 2.15% on a 5 year CD.

This is why investing your money is not as simple as it use to be. As long as the economy is in a state of flux, the best CD rates will continue to change constantly.

The best bank CD rates this week in July are from the Hudson City Bank out of the New York City area. They have a 5 year CD that is earning an APY of 2.50% with a minimum deposit of $500.

The second best CD rates is from Bank of Internet that has an APY of 2.49% on a 5 year term. The minimum deposit amount to acquire this CD rate is $1,000.

Falling into third is two different financial institutions. There is the First Internet Bank and Acacia Federal Bank that are both offering an APY of 2.40% for a 5 year CD. FIB requires a minimum deposit of $1,000 and AFB requires a minimum deposit of $500 to open and earn the stated APY’s.

There are three financial institutions that are offering certificates of deposits rates of a 2.35% APY. Aurora Bank is one that has a minimum deposit amount of $1,000. OneWest Bank is the second with a minimum deposit amount of $1,000 and the Discovery Bank is the last one with a minimum deposit amount of $2,500.

These are the Best CD Rates today 5 year term for July 2011 has to offer. Check back often because the CD rates are still in a state of flux.

For additional resources about CDs on this website, please view Top CD Rates Today July 2011 3 Month 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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