Salem Five 5 Year CD Pays 5% APY
Submitted by BankMan (bestcashcow.com)
Salem Five is offering 5% APY on a five year CD.
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Salem Five is offering 5% APY on a five year CD.
Another bank hard hit by the mortgage crisis trying to raise capital through high deposit rates. Rates are competitive.
Indymac raised the rate on its 12 month CD to 4.30% APY make it the clear rate leader on the BestCashCow rate table.
IndyMac yesteday raised the rate on their 6 month and 12 month CDs, which are now offering 4% APY and 4.25% APY respectively.
M&T Bank, NA is offering some of the highest rates on 2 and 3 year CDs. The only problem, a somewhat kluge application process.
Wachovia has just raised the rates on several of its CD products. Good article on the rates as well as well as the restrictions.
EverBank has raised the rate on its 12 and 36 month Yield Pledge Certificate of Deposits and now occupies one of the the top spots for 1 year, 2 year and 3 year CDs.
The place to read and post information on Nexity Bank's CDs, Savings, Accounts and other products.
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Type
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Interest Rate
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Institution
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4.76%
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EverBank
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2.53%
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3.56%
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4.05%
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4.50%
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Washington Mutual
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4.45%
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4.81%
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4.84%
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US Treasury
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3.50%
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Federal Home Loan Bank (state and local tax exempt)
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3.28%
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Northrop Grumman FCU
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4.06%
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4.22%
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Melrose CU
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4.32%
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Melrose CU
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1.83%
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Various brokerages
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2.01%
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2.38%
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3.10%
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3.84%
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