The best CD rates today August 2011 2 year Term that are currently posted are just before the markets open after the first downgrade of America’s credit rating. The bank CD rates are not expected to be severely affected, but the stock market is expected to continue on its downwards spiral. This makes investing your money in CDs, Gold and silvers your best and safest options at this time.
The best CD rates at this time on a 2 year CD is from Academy Bank. They are offering certificates of deposits that have an APY of 1.50% with a minimum deposit of $500.
Aurora Bank ahs the second best 2 year CD rate at this time. Their 2 year CD is earning an APY of 1.46%. The minimum deposit required to obtain this rate is $1,000.
First Command Bank falls into third and is new to this monthly listing. Their 2 year CD is earning an APY of 1.45% with a minimum deposit of $1,000.
There are six financial institutions that presently have a 2 year CD that is earning an APY of 1.40%. This list includes Discovery Bank, USAA Bank, Quaint Oak Bank, Stone Bridge Bank, Flag Star Bank and Colorado Savings Bank. The minimum deposits required at each financial institution are $2,500, $1,000, $500, $500, $500, and $5,000 respectively.
As the markets change so do the CD rates at financial institutions. A great example of this is Hudson River Bank. Last week their 2 year CD was earning an APY of 1.50%, on Friday they lowered it to 1.30%.
The best CD rates today August 2011 2 year Term listed were accurate as of August 8, 2011 but are subject to change without notice.
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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