Sovereign Bank CD rates October Review 2011

October 17th, 2011 Joel Beattie Leave a comment Go to comments

This is an accurate Sovereign Bank CD rates October Review 2011 to help keep you, our loyal visitors informed on this conservative type of investing. This will, in hope give you an edge when investing your hard earned money.

All of the CD rates have been reduces change since out last update just a few months ago. The amount of the reduction has been between 0.05% and 0.10% in the rising rates. The advertised standard CDs terms have changed so no direct comparison can be made.

The rising certificates of deposits rates are in a tiered format with minimum deposit levels of $500, $10,000 and $50,000.

The current rising bank CD rates are linked to a checking account include the 1 year CD that is earning an APY of 0.45%, 0.50% and 0.55% respectively.

The 2 year CD is earning an APY of 0.40%, 0.45% and 0.50%. The 3 year CD is earning an APY of 0.50%, 0.55% and 0.60%.

The current rising standard rate CDs not linked to a checking account include the 1 year CD that is earning an APY of 0.20%, 0.25% and 0.30% respectively.

The 2 year CD is earning an APY of 0.15%, 0.20% and 0.25%. The 3 year CD is earning an APY of 0.25%, 0.30% and 0.35%.

The current regular CD rates include the 15 month CD that is earning an APY of 1.10%. The best CD rates are from the 50 month CD that is earning an APY of 1.65%. Both of these CDs require a minimum deposit of $500 to open an account.

The Sovereign CD rates were posted on October 8, 2011 but are subject to change without any prior notice.

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