Stability is the best word that describes this Eastern Bank CD rates September, 2014 update from Highest CD Rates. The CD rates have remained unchanged for several years now. This makes it possible for all of their customers to know just what to expect from this financial institution.
There is a tiered format in which premier checking account holders can be earning an increased amount when they invest in a certificate of deposit with this bank. There are also standard CD rates being offered to all other customers.
The current CD rates include the 3 to 5 month CD that is earning an APY of 0.05% and 0.05%. The 6 to 11 month CD is earning an APY of 0.05% and 0.05%. The 1 year to 23 month CD is earning an APY of 0.10% and 0.20%.
The 2 year to 35 month CD is earning an APY of 0.20% and 0.30%. The 3 year to 47 month CD is earning an APY of 0.30% and 0.40%.
The 4 year to 59 month CD is earning an APY of 0.40% and 0.50%. The best CD rates are from the 5 year and up CDs that are earning an APY of 0.50% and 0.60%.
The obtaining of the certificate of deposit rates can be done with a minimum deposit of $500 for terms of 1 year or greater. These accounts have compounded interest on a monthly basis. For the 3 and 6 month terms the minimum deposit is $2,500. These terms are earning simple interest.
These Eastern CD rates were posted on July 25, 2014, but are still valid for the month of September. All CD rate are subject to change without any prior notice.