Chase Bank CD Rates November 2011
Certificate of deposits are a great way to generate revenue from your funds as they are a safe and convenient way of investment. It also provides a fixed rate of return on your investment, irrespective of the prevailing market conditions. This is an excellent form of investment for tough economic conditions because it provides a steady stream of income which may not be possible to replicate in other forms of investments such as stocks and bonds.
The current CD rates at Chase Bank are 0.20% APY for a term of six months and 0.25% APY for a term of 12 months. The Chase CD rates are 0.35% APY for a period of 18 months, 0.40% APY for a period of 24 months and 0.50% APY for a period of 36 months respectively. The minimum amount required to open this regular CD is $1,000.
Other than the regular CD, they also have another kind of CD known as the Chase CD Specials. The minimum amount required to open this account is $10,000 and it requires a qualified Chase checking account to go with it. The Chase Bank CD rates for this account are 0.35% APY for a term of nine months, 0.50% APY for a term of 13 months, 0.75% APY for a term of 36 months, 1.25% APY for a period of 60 months and 1.75% APY for a period of 84 months respectively. These Chase Bank interest rates are competitive in the current market conditions.
These CDs have a penalty that comes with early withdrawal and its important that customers keep this aspect in mind while investing.Only the amount that will not be needed for a while can be invested.