Even though high yield isn't really very high anymore, you'll still need the very best rate of return available when you purchase a cd. Your high-yield CD should also have an ideal load of features, from the correct length of term and minimum deposit to most regular interest compounding and other benefits like rate bumping and no withdrawal fee. The following banks offer some of the very best certificates of deposit when judged by these standards.
Ally Bank a fantastic choice
Voted greatest online bank by Cash Magazine in Oct. 2012, Ally has a one-year CD with an annual percentage yield (APY) of 0.94 percent, compounded at the optimal every day rate. No minimum is needed to open the account, and automatic renewal could be set for when the CD reaches maturity. A CD with 5-year maturity nets 1.59 percent APY, compounded daily.
Go to Nationwide Bank for a choice
There are better rates at Nationwide than a ton of other places, particularly if you get a large CD of $100,000 or more. Any deposits up to $9,999.00 on a 5-year CD will get a 1.80 APY. The 12-month CDs have no minimum deposit and get 1 percent APY too.
Look into OneWest Bank
You need at least $1,000 to open a CD for 1 year at OneWest, but you can get 1 percent APY on it. For five years, you get 1.60 APY. These are all compounded every day, so that is great.
Greatest certificates of deposit No. 4 - Bank of Internet USA
With interest compounded daily, a lot of people like Bank of Internet USA. The Bank offers 1 year CDs at 0.80 percent APY compounded every day. If you would like a five year plan, the interest is 1.60 percent APY.
What about EverBank?
Opening a CD will cost $1,500 for somebody at EverBank, but the bank has some of the best consumer service in the industry. The bank offers 0.81 APY on one year CDs and 1.65 APY on five year plans.
Ally Bank a fantastic choice
Voted greatest online bank by Cash Magazine in Oct. 2012, Ally has a one-year CD with an annual percentage yield (APY) of 0.94 percent, compounded at the optimal every day rate. No minimum is needed to open the account, and automatic renewal could be set for when the CD reaches maturity. A CD with 5-year maturity nets 1.59 percent APY, compounded daily.
Go to Nationwide Bank for a choice
There are better rates at Nationwide than a ton of other places, particularly if you get a large CD of $100,000 or more. Any deposits up to $9,999.00 on a 5-year CD will get a 1.80 APY. The 12-month CDs have no minimum deposit and get 1 percent APY too.
Look into OneWest Bank
You need at least $1,000 to open a CD for 1 year at OneWest, but you can get 1 percent APY on it. For five years, you get 1.60 APY. These are all compounded every day, so that is great.
Greatest certificates of deposit No. 4 - Bank of Internet USA
With interest compounded daily, a lot of people like Bank of Internet USA. The Bank offers 1 year CDs at 0.80 percent APY compounded every day. If you would like a five year plan, the interest is 1.60 percent APY.
What about EverBank?
Opening a CD will cost $1,500 for somebody at EverBank, but the bank has some of the best consumer service in the industry. The bank offers 0.81 APY on one year CDs and 1.65 APY on five year plans.
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