RateAPY

iGObanking.com? Pays up to 3.55% APY on $1,000 CD Investments

Posted by: RateAPY Bank Rates News
February 22nd, 2010

Certificate of Deposit Strategies

One of the best ways to make the most of your certificate of deposit investments is to “layer” maturity dates. That means having a number of CD accounts, each of which reaches its term on a different date from the others. This provides two advantages. First, you’re “liquid” because you never have to wait too long for a lump sum to become available. And, secondly, you have the flexibility to reinvest at least some of your money quickly if interest rates rise.

But this strategy can be a problem for smaller savers. Because, to get the best CD rates, you often have to make a substantial investment, which means that you can afford fewer accounts. But iGObanking.com can help, because it offers the same competitive interest rates on all CD balances over $1,000.

iGObanking.com CD Deals

Right now, iGObanking.com’s CD rates for deposits of a thousand dollars or more are:

• 3 Month–0.50% APY
• 6 Month–0.50% APY
• 8 Month–0.50% APY
• 9 Month–0.50% APY
• 12 Month–1.00% APY
• 13 month–1.00% APY
• 15 month–1.00% APY
• 18 Month–1.00% APY
• 24 Month–1.50% APY
• 36 Month–2.60% APY
• 48 Month–2.70% APY
• 60 Month–3.55% APY

Compare CD Rates

But, as with all financial instruments, it’s essential to compare CD rates widely before signing up for any account.