Chase Bank CD rates February 2012
Certificate of deposits are a safe and secure way to earn a steady stream of income from your money. Almost every major bank in the country today offers CDs as a form of investment to their customers. The popularity of CDs have surged during the last few years because of its stability. You earn the interest that was prevailing at the time of investment over the entire term. This stability is not available in other forms of investment like stocks and bonds and this is one of the reasons for its widespread use. Chase Bank is also one of the banks that offer this product to their customers. In this article, we are going to have an in-depth view into Chase Bank CD rates and features so that you can decide if this is the right form of investment for you.
The current Chase CD rates are 0.20% APY for a term of six months and 0.25% APY for a term of one year. The rates are 0.35% APY for a period of 18 months, 0.40% APY for a term of two years and 0.50% APY for a term of 36 months respectively. The minimum amount required ot open any of these regular CD accounts is $1,000. Besides these regular CD rates at Chase Bank, there are also some specials that are offered to customers. However, the minimum amount required to open one of the special CD accounts is $10,000 and at the end of the term, the CD automatically renews to the regular CD rates. The Chase Bank rates for these specials are 0.35% APY for a nine-month period, 0.45% APY for a 13 month period, 0.75% for a 36 month period, 1.10% APY for a 60 month period and 2.00% APY for a 120 month period respectively.