NOVA Bank Offers Great Short Term CD Rate

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NOVA Bank has a great rate on a short term CD, but not without some drawbacks.

NOVA Bank's got a good short-term rate on CDs, offering .75 percent APY on a three month CD.

That rate puts it on the BestCashCow CD rate list, just above Ally Bank at .74 percent.

The APY is currently accurate, but is subject to change at any time. You'll need five hundred dollars minimum to get this rate, and there are no fees unless you withdraw it early. You can either open your account at a NOVA Bank business center or go to www.novabank.com, where you'll fill out a short application and receive further instructions later, as I'm told by NOVA Bank employees.

NOVA Bank is currently rated a one-star "Troubled" on Bauer Financial.

Credit for this find goes to bankvibe.com.

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Today's Highest Online CD Rates

Bank Product Term Interest Rate (APY)
Navy Federal Credit Union 1-Year 0.85% APY with $100,000 minimum
Primary Bank 1-Year 0.80% APY with $1,000 minimum
Gateway First Bank 1-Year 0.75% APY with $25,000 minimum
Primary Bank 3-Year 1.00% APY with $1,000 minimum
USAA Federal Savings Bank 3-Year 0.91% APY with $175,000 minimum
Comenity Direct 3-Year 0.85% APY with $1,500 minimum
Primary Bank 5-Year 1.30% APY with $1,000 minimum
Navy Federal Credit Union 5-Year 1.25% APY with $100,000 minimum
USAA Federal Savings Bank 5-Year 1.11% APY with $175,000 minimum

See More Online CD Rates →

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