The current standard CD rates include the promotional offer of a 15 month CD that is earning an APY of 1.01%. There is also a 50 month CD is earning an APY of 1.50%. Each of these CDs requires a minimum deposit of $500 to open an account.

There are also the Rising Rate CD rates are in a tiered format with minimum deposit levels of $500, $10,000 and $50,000.

The current Rising Rate CDs associated with a checking account include the 1 year CD that is earning an APY of 0.40%, 0.40% and 0.50% respectively.

The 2 year CD is earning an APY of 0.40%, 0.45% and 0.50%. The 3 year CD is earning an APY of 0.50%, 0.55% and 0.60%.

The current rising standard rate CDs include the 1 year CD that is earning an APY of 0.20%, 0.25% and 0.30% respectively.

The 2 year CD is earning an APY of 0.15%, 0.20% and 0.25%. The 3 year CD is earning an APY of 0.25%, 0.30% and 0.35%.

There are terms 7 days to 10 years, but your local branch office must be contacted for those numbers to be released.

The Sovereign CD rates were posted on December 17, 2011 and are still current in the new year but are subject to change without notice.

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Sovereign Bank CD Rates January 2012 Update

The current standard CD rates include the 15 month CD that is earning an APY of 1.10%. The 50 month CD is earning an APY of 1.65%. Each of these CDs requires a minimum deposit of $500 to open an account.

The rising CD rates are in a tiered format with minimum deposit levels of $500, $10,000 and $50,000.

The current rising rate CDs associated with a checking account include the 1 year CD that is earning an APY of 0.45%, 0.50% and 0.55% respectively.

The 2 year CD is earning an APY of 0.40%, 0.45% and 0.50%. The 3 year CD is earning an APY of 0.50%, 0.55% and 0.60%.

The current rising standard rate CDs include the 1 year CD that is earning an APY of 0.20%, 0.25% and 0.30% respectively.

The 2 year CD is earning an APY of 0.15%, 0.20% and 0.25%. The 3 year CD is earning an APY of 0.25%, 0.30% and 0.35%.

There are other terms from 7 days to 10 years but your local branch office must be contacted.

The Sovereign CD rates were posted on October 8, 2011 but are subject to change without notice.

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Sovereign Bank CD Rates October 2011 Update

These CD rates are set up in a tiered format so the more you place on deposit, the greater the return on investment you will receive. The minimum deposit levels are $500, $10,000 and $50,000.

The current CD rates with a checking account include the 1 year CD that is earning an APY of 0.55%, 0.60% and 0.65% respectively. The 2 year CD is earning an APY of 0.40%, 0.45% and 0.50%. The 3 year CD is earning an APY of 0.60%, 0.65% and 0.70%.

The standard rate CDs include the 1 year CD that is earning an APY of 0.30%, 0.35% and 0.40% respectively. The 2 year CD is earning an APY of 0.15%, 0.20% and 0.25%. The 3 year CD is earning an APY of 0.35%, 0.40% and 0.45%.

Sovereign Bank is also offering a 3 year CD that is earning an APY of 1.35%. The best CD rates are currently from the standard 5 year CD that is earning an APY of 2.15%. Both of these require a minimum deposit of $500.

The Sovereign CD rates were posted on July 2, 2011and are still current but are subject to change without notice.

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Sovereign Bank CD Rates July 2011 Update

*Editor’s Note: this is an older article, and we have recently updated our research about current Sovereign Bank CD Rates.  For our latest article on Sovereign Bank Certificate of Deposit Rates, please see the following page: Sovereign Bank CD Rates

The Sovereign Bank certificate of deposit rates are in a tiered format with minimum deposit amounts of $500, $10,000 and $50,000.

The only current CD rates that are being advertised are the rising CD rates that allow for the rate to be adjusted upwards once during the term of the CD. The best CD rates are obtained when they are associated with a checking account at Sovereign Bank and are below.

The 1 year CD that is earning an APY of 0.60%, 0.65% and 0.70% respectively. The 2 year CD is earning an APY of 0.40%, 0.45% and 0.50%. The 3 year CD is earning an APY of 0.60%, 0.65% and 0.70%.

The current rising standard rates for CD that are not associated with a checking account include the 1 year CD that is earning an APY of 0.35%, 0.40% and 0.45% respectively. The 2 year CD is earning an APY of 0.15%, 0.20% and 0.25%. The 3 year CD is earning an APY of 0.35%, 0.40% and 0.45%.

There is also a promotional 18 month CD that is earning an APY of 1.20% and a 5 year CD that is earning an APY of 2.80% with a minimum deposit of $500.

These Sovereign CD rates were posted on April 5, 2011 but are subject to change without notice.

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Sovereign Bank CD Rates April 2011 Update

*Editor’s Note: this is an older article, and we have recently updated our research about current Sovereign Bank CD Rates.  For our latest article on Sovereign Bank Certificate of Deposit Rates, please see the following page: Sovereign Bank CD Rates

Rates are tiered by deposit amount, starting at $500 to $9,999 to $10,000 to $49,999 and then from $50,000 to $99,999 ($100,000 and above is a Jumbo CD). These annual percentage yields change by deposit and length of term, allowing the depositor to raise the rate once during its term if current CD rates are higher.

A 12 month special tier at $500-$9,999 deposit gives 0.40% APY while $10,000 to $49,999 gives 0.45% APY and $50,000-$99,999 gives 0.50% APY.

At 24 months, those Sovereign Bank CD rates goes to 0.15% APY ($500-$9,999), 0.20% APY ($10,000-$49,999), and 0.25% APY ($50,000-$99,999) for each of those deposit tiers.

36 month terms gives Sovereign Bank certificate of deposit rates of 0.35% APY ($500 to $9,999), 0.40% APY ($10,000 to $49,999), and 0.45% APY ($50,000 to $99,999).

All of the above terms are also available as IRA-linked CD offers, though the highest CD rates may change with that option. All Sovereign Bank deposits are fully FDIC insured, of course. The FDIC covers up to $250,000 in deposits until January 1, 2013 at which time the coverage reverts to the $100,000 insurance.

If any of these Sovereign Bank CD rates appeal to you, lock your highest CD rates in today. Current CD rates can change at any time.

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Latest Sovereign Bank CD Rates

*Editor’s Note: this is an older article, and we have recently updated our research about current Sovereign Bank CD Rates.  For our latest article on Sovereign Bank Certificate of Deposit Rates, please see the following page: Sovereign Bank CD Rates

CD rates at Santander are also the CD rates at Sovereign Bank because the former has acquired the latter. Santander Bank is a major financial institution of Spain that has recently acquired Sovereign Bank and has integrated all the company accounts and investment schemes into its own business.

Santander CD rates for a 12-month rising rate CD are currently estimated at 0.50% for an investment less than $10,000. Minimum investment required for these certificates is $500. The bank offers the option of receiving quarterly statements of CD payments.

Sovereign Bank CD rates for a 12-month special rising rate CD are a better investment option with an APY of 0.605% though an investment of $50,000 is necessary for this APY. An investment of $10,000 or higher with Premium Checking or Business Owner Premium Accounts will return an APY of 0.80%. IRA CD returns an APY of 0.50% for a 1-year term and 0.69% for a 2-year term; minimum deposit is less than $10,000 in both of these investment plans.

A 24-month rising rate CD with Premium Checking Account returns an APY of 1.05% for a minimum deposit of $50,000; APY is 1.55% for the 36-month investment option.

Sovereign Bank website offers the option of opening a CD account without visiting the bank branch. Customers are required to complete an online form where they have to enter their names, addresses, phone numbers, email address and driver license’s information. All of this information is verified by the company and customers receive usernames and encrypted passwords to log into their accounts through company website.

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Current Sovereign Bank CD Rates

*Editor’s Note: this is an older article, and we have recently updated our research about current Sovereign Bank CD Rates.  For our latest article on Sovereign Bank Certificate of Deposit Rates, please see the following page: Sovereign Bank CD Rates

Spain-based Banco Santander has acquired Sovereign Bank and thus oversees all the investment options in the United States. Sovereign Bank CD rates for 1-year investment are accrued at 0.95%. These rates are applicable for customers with premium checking accounts with the bank.

Santander CD rates for 9-months investment are currently priced at 0.70%. CD rates at Santander are calculated within the United States and do not have any link with its Spanish parent. Minimum investment required for these certificates is $500 and the bank offers an online subscription service for buying CDs. The bank offers the option of receiving quarterly statements of CD payments.

Sovereign Bank offers 12-month rising rate CD option and their APY increase with larger investments. A basic investment of less than $10,000 returns an APY of 0.60%. Premium checking accounts ensure higher returns. An investment of up to $10,000 with Premium Checking or Business Owner Premium Accounts returns an APY of 0.85%. IRA CD returns an APY of 0.60% for a 1-year term and 0.69% for a 2-year term.

Sovereign Bank website offers the option of opening a CD account. Customers are required to complete an online form where they have to enter their names, addresses, phone numbers, email address and driver license’s information. All of this information is verified by the company and customers receive usernames and encrypted passwords to log into their accounts through company website. They can do all the transactions or purchase new CDs on the company website.

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Sovereign Bank CD Rates

*Editor’s Note: this is an older article, and we have recently updated our research about current Sovereign Bank CD Rates.  For our latest article on Sovereign Bank Certificate of Deposit Rates, please see the following page: Sovereign Bank CD Rates

Sovereign Bank, the main unit of Sovereign Bancorp, offers a wide range of savings account options. Accounts offered by the bank depend on the Certificates of Deposit, among other things. Current CD rates, in particular, determine the total value of a savings account. Sovereign Bank CD Rates vary with the fluctuations in the market but there is a basic premier checking account that promises a 1.05% APY. This CD rate is valid for a term of 12 months and is available with the premier checking account.

Sovereign Bank certificate of deposit rates for a deposit of $1,000 at 1.05% APY would yield $1,011 in total. Interest would be accrued at $1 per month in this case. Similarly, Sovereign CD Rates can be increased in case the customers opt for a rise in rates within the allocated term. In this case, a basic deposit of $1,000 with 1.05% APY can be changed to an interest rate and APY of 0.89%; these rates are applicable for the premier checking accounts. Otherwise, an investment from $500 to $9,999 would yield an interest rate and APY of 0.64%.

Customers can also choose the term of their CD accounts from 30 days to 10 years. Minimum amount of deposit is $500 in all of the above-mentioned options; these rates remain valid for a maximum investment of $99,999. Customers can ask for quarterly financial payments from the company besides their account statements. The bank would charge slightly different interests rates in case the customers opt to invest without opening a premier checking account.

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Sovereign Bank CD Rates

*Editor’s Note: this is an older article, and we have recently updated our research about current Sovereign Bank CD Rates.  For our latest article on Sovereign Bank Certificate of Deposit Rates, please see the following page: Sovereign Bank CD Rates

The special (featured) Sovereign Bank CD rates are still the one year term accounts.  Of course, rates have dropped significantly market-wide and Sovereign CD rates are no different.  This one year term has a $500 minimum to open and gives a 1.75% annual percentage yield (APY).  That rate also assumes you have another relationship (checking, savings, etc.) with Sovereign Bank.

For something other than a year in terms, the real action in Sovereign Bank CD rates is with their Rising Rate CDs.  These accounts allow you to go up to a higher rate once during the account’s lifetime and your tradeoff for that is the account auto-renews for a like period of time (so 2 years renews for another 2 years).  These can give you the highest CD rates, though, if you don’t mind gambling a little as to which rate will be highest when it comes.

Right now, at $500 to $9,999 deposit, the 24-month Sovereign Bank certificate of deposit rates are 1.10% APY and the 36-month Rising Rate is 1.35% APY for the same deposit.  Higher deposits ads about 0.05% to those numbers.

Of all of the Sovereign current CD rates available, the Choose Your Term accounts definitely don’t give the highest CD rates.  Unless you must have a term under 12 months, they are barely worth considering.

Of course, all Sovereign Bank accounts are FDIC insured to the fullest extent of the law.

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Sovereign CD Rates

*Editor’s Note: this is an older article, and we have recently updated our research about current Sovereign Bank CD Rates.  For our latest article on Sovereign Bank Certificate of Deposit Rates, please see the following page: Sovereign Bank CD Rates

Although there are several types of Sovereign Bank certificates of deposit, the Sovereign CD Rates that we found most interesting were: (1) the Sovereign Bank Featured CD; and (2) The Sovereign Bank Rising Rate CD

(1)  The Sovereign Bank Featured CD — This is currently a Sovereign Bank 12 Month CD that earns an Annual Percentage Yield of 3.75 percent.  The minimum deposit for this 1 year CD is only $500.

(2)  The Sovereign Bank Rising Rate CD — the most interesting of these to us was the Sovereign Bank 24 Month Rising Rate CD, that requires Sovereign Bank Premier Checking.  This certificate of deposit earns an interest rate of 3.34 percent and an Annual Percentage Yield (APY) of 3.40 percent, with a minimum deposit of just $500.  If you are interested in a Sovereign Bank Jumbo CD, with a deposit of $10,000 or more you can get this same 2 year CD with an interest rate of 3.44 percent and an APY of 3.50 percent.

While these may not be the best CD rates that we have ever reviewed, they are certainly respectable.   So, if you are in the market for a 1 year CD or a 2 year CD, you may want to check out CD rates at Sovereign Bank.  Be sure to check the Sovereign Bank online banking site for the current rates and terms available in your region.

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Sovereign Bank CD Rates