Best Bank CD Rates in Virginia

November 4th, 2010 Jackson Colson Leave a comment Go to comments

When looking for the best bank CD Rates in Virginia, one should be ready for the fact that no one bank will have the best rate for each term. Another common factor that is found about rates on the internet is that there are many numbers throughout by various sites. Unfortunately many of the best rates are not verifiable by the establishments who supposable are offering them.

At the current time a financial institution that is located in Virginia with very good rates is the Virginia Heritage Bank. They have a good mixture of rates including a 9 month CD that earns an APY of 1.00%. The 1 year CD earns an APY of 1.25%. The 18 month CD earns an APY of 1.75% and the 2 year CD earns an APY of 1.90%. Their best CD rates are for the 5 year CD that earns an APY of 2.75%. The minimum deposit for opening a CD is $500 and the rates were posted on October 1, 2010 and were still current as of October 18, 2010.

Shore Bank is another financial institution in Virginia with good overall rates. They have a 91 day CD that earns an APY of 0.60%. The 1 year CD earns an APY of 1.00%. The 18 month CD earns an APY of 1.15% and their best CD rates is from their 10 year CD that earns an APY of 2.75%. Each of these CDs requires a minimum deposit of $500. The rates were posted on October 13, 2010 and were still current as of October 18, 2010.

The bank CD rates at Carter Bank & Trust and Martinsville 1^st Savings Bank might be better by what other sites have posted, but they are unverified.

These are the verified best bank CD Rates in Virginia at the current time.

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