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NOVA Bank Offers Great Short Term CD Rate

NOVA Bank Offers Great Short Term CD Rate

Rate information contained on this page may have changed. Please find latest cd rates.

Author: Steve Anderson on June 3, 2010

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)
Northern Bank Direct	1-Year	5.60% APY with $500 minimum
Finworth, a division of InsBank	1-Year	5.38% APY with $50,000 minimum
TotalDirect, a division of City National Bank of Florida	1-Year	5.35% APY with $25,000 minimum
Dollar Savings Direct, a division of Emigrant Bank	3-Year	5.00% APY with $1,000 minimum
First Internet Bank of Indiana	3-Year	4.66% APY with $1,000 minimum
IncredibleBank	3-Year	4.58% APY with $1,000 minimum
First Internet Bank of Indiana	5-Year	4.55% APY with $1,000 minimum
BMO Alto, a division of Bank of Montreal Harris	5-Year	4.50% APY with no minimum
Department of Commerce	5-Year	4.34% APY with $500 minimum

NOVA Bank Offers Great Short Term CD Rate

Today's Highest Online CD Rates

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