Best Cd Rates Today August 2011 5 Year Term

Its upto you how many years you want to keep your money invested in CD Rates. CD Rates come with various Lock in options they may be either for one year, two, three or five years. Even in the most testing times of the economy CD's have proven that they can deliver what they are expected to. These are the best CD rates today August 2011 5 year Term the day after the markets reacted to the downgrading of the US credit score. This makes investing your money with bank CD rates a smart and safe choice since the stock market reaction to the downgrade was a drop of 634 points on the Dow Jones.

The best CD rates at this time on a 5 year CD is from 3 different financial institutions. . They are offering certificates of deposits that have an APY of 2.50%. The financial institutions are Union Bank, Kaiser Federal Bank and Nova Bank. The minimum deposit amounts for each is $1,000, $10,000 and $500 respectively.

Urban Partnership Bank has the second best 5 year CD rate at this time. Their 5 year CD is earning an APY of 2.42%. The minimum deposit required to obtain this rate is $1,000. For all deposits over $100,000 the APY is raised to 2.52%.

First Internet Bank falls into third in this monthly listing. Their 5 year CD is earning an APY of 2.40% with a minimum deposit of $1,000.

Discovery Bank falls next in line with an APY of 2.35% on a 5 year CD. This requires a minimum deposit of $2,500 to open and obtain this APY.

The next best certificates of deposits rate is from Aurora Bank. They have a 5 year CD that is earning an APY of 2.33%. The minimum deposit amount to obtain this CD rate is $1,000.

The Bank of the Internet is next with an APY of 2.32%. The minimum deposit amount is $1,000.

These are the best CD rates today August 2011 5 year Term as the world waits to see if another global recession is about to take hold.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.

To know more about the Citibank CD Rates, best cd rates USA, PNC CD Rates, highest cd rates, Chase CD Rates, you must visit - http://bestcdratesinusa.wordpress.com

Article Source: http://www.bestcdratestoday.com/best-cd-rates-today-august-2011-5-year-term

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Author publishes articles frequently regarding investment and financial topics. To help you comprehend more about Citibank CD Rates,Chase CD Rates, PNC CD Rates, highest cd rates, CD Rates, from Author pay a visit to - http://bestcdratesinusa.wordpress.com/

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Tags: bank CD rates , bank rates , best CD rates , Best CD Rates in USA , best money saving options , CD rates , chase CD rates , current CD rates , highest CD rate

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