Top Five One Year Certificate of Deposits!

August is round the corner and it is time for the next round of creating CDs for our CD Ladder. Our research of the current 1 year CD rates is provided below for your perusal.

CD Period: 1 year

• Virtual Bank
• APY: 5.55%
• Min Deposit: $10000
  
• Rate Chart
• Bankrate Rating: 3 star

• Giant Bank
• APY: 5.46%
• Min Deposit: $2500
  
• Rate Chart
• Bankrate Rating: 4 star

• Pacific Mercantile Bank
• APY: 5.46%
• Min Deposit: $10000
  
• Rate Chart
• Bankrate Rating: 2 star

• Tennessee Commerce Bank
• APY: 5.45%
• Min Deposit: $5000
  
• Rate Chart
• Bankrate Rating: 3 star
  

• Corus Bank
  
• APY: 5.42%
• Min Deposit: $10000
  
• Rate Chart
• Bankrate Rating: 2 star
  

• Ascencia Bank
• APY: 5.41%
• Min Deposit: $500
  
• Rate Chart
• Bankrate Rating: 4 star

That concludes our 12 months CD research for this month. It is explicit that for CD investments of the order of $10k, Virtual Bank is the clear winner. But Ascencia is the one to root for small CD investments to the tune of $500 or more. Moreover it has a great bankrate rating of 4 stars!

In the recent past we have had CDs with Ascencia. Our experience with them has been excellent. Their products gave us the promised goodies along with excellent customer service. We wish Happy CD Laddering to all!

Image Source(s): iStockPhoto

Related Posts