RateAPY

Bank of Internet Offers Two-Year Certificate of Deposit at 2.00% APY

Posted by: RateAPY Bank Rates News
April 29th, 2010

Certificates of deposit (CDs) are designed for consumers who are looking for a no-risk place to invest their savings for a specific period of time. Whether your goal is to earn interest for an emergency savings fund or to save money for college tuition, a car or a vacation, a CD offers a guaranteed return as long as you keep the funds invested for the full CD term.

Bank of Internet CDs are available with terms as short as three months and as long as five years. Each CD requires a minimum deposit of $1,000. Interest is compounded daily and each account is FDIC-insured up to $250,000 per depositer. Accountholders can opt for free electronic transfer of the interest earned.

Bank of Internet CD Rates and Terms

Term/Interest Rate/APY

3-Month CD/0.35%/0.35% APY

6-Month CD/0.75%/0.75% APY

9-Month CD/0.75%/0.75% APY

1-Year CD/1.53%/1.54% APY

1.5-Year CD/1.53%/1.54% APY

2-Year CD/1.98%/2.00% APY

2.5-Year CD/1.98%/2.00% APY

3-Year CD/2.30%/2.33% APY

4-Year CD/2.88%/2.92% APY

5-Year CD/2.82%/2.86% APY

Comparing CD rates and terms is the best way to find the highest interest rate for the term you need.