RateAPY

Range of Strong CD Rates from Avon Co-operative Bank

Posted by: RateAPY Bank Rates News
June 14th, 2010

Certificates of Deposit–a Competitive Market Place

You might assume that all certificates of deposit are much the same. After all, most of them (all of them on this site) are 100 percent secure for balances of at least $250,000 thanks to the Federal Deposit Insurance Corporation (FDIC), so why should there be significant differences between the lowest and highest CD rates offered by different banks?

Well, the causes may not always be clear, but the reality couldn’t be any more plain: the spread of yields on certificates of deposits is very wide. That’s why it’s essential to compare CD rates every time you’re faced with an investment or renewal decision.

Avon Co-operative Bank CD Rates Reach 3.20% APY

Avon Co-operative Bank of Avon, Massachusetts, has a particularly strong certificate of deposit offer. Not only are deposits insured by the FDIC, but balances above the corporation’s limits are protected by the Share Insurance Fund (SIF). Moreover, the minimum deposit with Avon is just $1,000.

And CD rates for Avon Co-operative Bank are competitive. The range is made up of:

• 3 Month–0.75% APY
• 6 Month–0.90% APY
• 12 Month–1.00% APY
• 18 Month–1.26% APY
• 24 Month–1.51% APY
• 30 Month–1.76% APY
• 36 Month–2.02% APY
• 48 Month–2.27% APY
• 60 Month–3.20% APY