RateAPY

Five-Year Certificate of Deposit from Patriot Bank Yields 3.5% APY

Posted by: RateAPY Bank Rates News
March 8th, 2010

Certificates of Deposit Pose Difficult Choices

It’s never easy deciding on a new certificate of deposit just by comparing terms. Those high CD rates that come with a long-term investment are tempting. But suppose interest rates in general suddenly shoot up, and you’re left with your money languishing for years to come earning today’s modest yields?

Patriot Bank’s “Certificate of Deposit Test”

Help for that dilemma is at hand. There’s a link on Patriot Bank’s certificate of deposit Web page to an online “one minute certificate of deposit test.” The test takes you through a series of key questions designed to help you, the CD investor, make an informed decision that meets your individual goals.

Once you assess your needs, be sure to compare CD rates across a wide range of banks. One choice is Patriot Bank’s current offering of 3.5% APY on a 60-month CD for any balance between $1,000, and $100,000.