RateAPY

Goldwater Bank Offers 5-Year Jumbo CD at 3.55% APY

Posted by: RateAPY Bank Rates News
November 19th, 2009

Investors with high balances to invest need to compare bank deals and interest rate quotes for various types of products to determine the best savings vehicle for their money.

Individuals searching for safety and a guaranteed return for high balances should look into jumbo certificates of deposit (CDs) and evaluate the minimum deposit requirements, interest rate, and term.

Goldwater Bank

If you have a minimum required deposit of $50,000, Goldwater Bank is offering a 5-year jumbo CD at 3.55% APY. In addition to this CD, Goldwater has a variety of CD terms with competitive interest rates. Each Goldwater account is FDIC-insured up to the maximum limits.

CD Interest Rates

The following are sample interest rates offered by Goldwater Bank with the minimum deposit:

• 90-day CD: 0.898% (0.901% APY)
• 180-day CD: 1.150% (1.160% APY)
• 12-month CD: 1.640% (1.650% APY)
• 18-month CD: 1.739% (1.750% APY)
• 3-year CD: 2.996% (3.030% APY)
• 5-year CD: 3.504% (3.550% APY)