Bankur.com - Personal Finance and Investing Advice » Certificate of Deposit Rate http://bankur.com Educating the Masses on Personal Investments Sun, 14 Nov 2010 05:57:15 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Investing in a Recession – Top Certificate of Deposit Rates http://bankur.com/investing-in-a-recession-certificate-of-deposit/ http://bankur.com/investing-in-a-recession-certificate-of-deposit/#comments Tue, 14 Apr 2009 00:09:41 +0000 Banker http://bankur.com/?p=179 The top investment right now during our economic downturn has been an old classic, the Certificate of Deposit. A Certificate of Deposit is also known as a CD, and is one of the most popular and common private investments. Individuals who are seeking a safe investment often turn to a Certificate of Deposit, or Certificate of Deposits for their security. A Certificate of Deposit can vary in range, lower investment Certificate of Deposits are valued as low as $1,000, while there are higher Certificate of Deposits valued as high as $100,000. The higher amount invested in a single Certificate of Deposit the higher the interest rate return the investor will receive.

What makes Certificate of Deposits so secure is that they are FDIC insured up to $100,000.

Some great 36 month Certificate of Deposit Rates

The GMAC Bank is currently offering a 3.20% APY with only a $500 minimum investment

Balance Rate APY
$0 – $499.99 2.23% 2.25%
$500 – $4999.99 2.23% 2.25%
$5000 or more 2.23% 2.25%

Discover Bank is also offering an amazing 36 month Certificate of Deposit rate

3.10% with a minimum investment of $2500

Discover Bank National Average
Term Interest Rate APY2 APY3
3 Months 1.25% 1.25% 0.67%
6 Months 1.74% 1.75% 0.94%
9 Months 1.89% 1.90% 1.03%
12 Months 2.33% 2.35% 1.22%
18 Months 2.33% 2.35% 1.25%
24 Months 2.72% 2.75% 1.35%
30 Months 2.72% 2.75% 1.29%
3 Years 3.06% 3.10% 1.54%
4 Years 3.20% 3.25% 1.79%
5 Years 3.54% 3.60% 2.06%
7 Years 3.64% 3.70% 1.99%
10 Years 3.93% 4.00% 1.98%



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