bank rates

National City 5.00% APY 3-Year CD

National City Bank is running a lukewarm 5.00% APY 3-year CD.

There appears to be a $10,000 minimum deposit, and rates may vary by ZIP code.

Related news: A story on Bank of America on 60 Minutes.

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Comments (16)
1 Star2 Stars3 Stars4 Stars5 Stars (21 votes, average: 3.52 out of 5)
16 Existing Comments
  1. said:
    on October 21st at 11:09 pm

    Interesting that on the same day National City stated that it will layoff 4,000 employees over the next 3 years…

  2. FixThePig said:
    on October 22nd at 02:31 am

    5% isn’t too shabby and you now have FDIC insurance up to $250k. Just to be sure, make sure with you ask National City if the CD is FDIC insured, never hurts to be overly cautious today.
    Good feature story of B of A

  3. RWB said:
    on October 22nd at 06:16 am

    3 years is too long to tie a big chunk of cash now.
    National must need the $$$$$!

  4. Doom said:
    on October 22nd at 06:52 pm

    The Great Market Crash of 2008/09

    The world markets are crashing at the hands of economic terrorists. This looks like the work of Bin Laden and would be one of his most sophisticated and devastating terrorist attacks ever. He probably has a whole network all around the world who are using electronic programs to short the markets in a systematic way to keep driving the markets down. Some days the systems are not used to allow the markets to have a bear rally recovery only to keep suspicions down.

    When the Dow dips below 1000 in 2009 – Armageddon.! The world will go into total chaos. People will starve to death or die of diseases by the millions. Civil, Revolutionary, and World wars will be the norm. Earth will truly be Hell.

    The short sellers will destroy all the economies of the world and drive us back to the stone age.

  5. jojo said:
    on October 22nd at 11:02 pm

    to long ,I just locked up 200K 10 years @ 5.75 % O NO …

  6. Michael said:
    on October 23rd at 02:57 am

    Honestly, if I had lots of liquid money, right now (looking at all my CD options) I’d go with Discover Bank’s 5 yr earning 5.21%. The 7 year is higher rate (5.5%) but I think this mess will be cleared up in 5 years. So it seems like a long time (5 years) but it’s with a sound institution and the minimum investment level ($2500) is low. Basically, best overall CD on the market as of today. IMHO

  7. Travelinator said:
    on October 23rd at 06:45 am

    I say take some of your money and take a vacation while you can instead of giving it all to some greedy corrupt banker to play with. The economy is going to get allot worse then better so I would take advantage while you have a little money and sanity left.

    IMHO: Is anyone outraged over the 700 billion tax payers bail out package for Wall Street as I am? What has been our reward? The banks are still not lending and Wall Street has repaid us by driving our 401ks down another 40+% with no end to the downward market manipulation in sight.

    So take a vacation why you still can, Hell will still be here when you get home!

    PS- If you enjoy losing money in the banks or stock market consider Las Vegas, at least there are pretty women around, free liquor while you lose money, and great shows.

  8. forex said:
    on October 23rd at 03:02 pm

    “rates may vary by zip code”
    that was funny.. 🙁

  9. bali said:
    on October 25th at 02:17 am

    i have lost my whole life saving of retirement.
    The whole US govt is corrupt. Rich are gettting richer and poor are
    getting poor. President Bush should take some action. But what does
    he care. He is leaving… You think, Obama or Mccain is going to come
    and play a Magic wand to improve the economy. It will take good
    5 years to come back to normal. No place seems to be safe anymore.
    Good Luck to US.

  10. Munikumar Ramaswamy said:
    on October 26th at 03:52 pm

    National City bank is sold to PNC bank

  11. BloggingBanks said:
    on October 27th at 07:01 pm

    If rates are going down this offer might be a good deal for depositors. The $10,000 minimum makes this CD a very difficult one to implement in one’s CD ladder.

  12. Chris said:
    on November 11th at 07:16 pm

    Pentagon Federal Credit Union offers a 3-year CD at 5% APY, min, $1000.

  13. Dan said:
    on November 17th at 10:44 pm

    Personally I wouldn’t tie my money up for 3 years to earn little more than I can earn in an online savings account that’s very liquid. I use and earn 3.8% APY with no minium balance and can transfer funds to my linked accounts without penalty.

  14. investfnds said:
    on December 3rd at 02:23 pm

    jojo, your comment here is broken. where did you find 5.75% rate?

  15. prof adler said:
    on December 25th at 05:48 am

    The pentagon is down to 4.75 now.
    I was lucky enought to grab a 10 year cd at 7.50 in June.

  16. laura said:
    on January 27th at 05:37 pm

    has anyone heard of millenium bank, cd rates are very big