bank rates

Intervest Bank 2.95% on 18-month CD

One of the best deals going on a certificate of deposit is from Intervest National Bank in New York City.

It’s offering an 18-month CD with a 2.95% APY and a $2,500 minimum deposit.

That’s twice the national average for one-year CDs (1.48%) and considerably better than the national average for two-year CDs (1.71%).

It’s seems like the right term too. If interest rates start to rebound in early 2010, you’ll be ready to reinvest that summer.

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Comments (3)
1 Star2 Stars3 Stars4 Stars5 Stars (17 votes, average: 3.76 out of 5)
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3 Existing Comments
  1. marketsense said:
    on February 23rd at 02:38 pm

    good deal considering I don’t have to tie my money up for 3 years. relatively low investment required too.

  2. Tsunami Cid said:
    on February 23rd at 05:15 pm

    It’s not that much better than UmbrellaBank’s 2.90% 18 monther with a minimum deposit of 1K.

  3. BloggingBanks said:
    on February 24th at 05:04 am

    I would much rather open a rewards checking account and get 5% monthly than have my money locked in for 18 months at 3%.