RateAPY

Bank United’s Eight-Month Certificate of Deposit at 1.25% APY

Posted by: RateAPY Bank Rates News
March 15th, 2010

Certificates of Deposit (CDs) are a popular savings product for several reasons. First, customers know their principal balance is safe and FDIC-insured. Second, CDs have a specific term, so savers know exactly how much interest they will earn by a certain date.

Savings Strategy for Certificates of Deposit

Some consumers opt to stagger their CDs so that one matures every few months, while others prefer to renew the entire balance if the funds are not immediately needed at the end of the term.

Bank United has multiple CD products, each requiring a minimum balance of $5,000. Interest is compounded daily.

Bank United’s CDs

Term/Interest Rate/APY

8 Month CD/1.24%/1.25% APY

12 Month CD/1.59%/1.60% APY

36 Month CD/2.71%/2.75% APY

48 Month CD/3.20%/3.25% APY

60 Month CD/3.44%/3.50% APY

Comparing CD interest rates, terms, and minimum balances online is the best way to earn the highest interest rates.