Virtual Bank is a premier financial institution that offers a number of investment options. Their savings accounts are popular with people that want to ensure greater profits over set periods of time. The bank cd rates are of particular interest to people that want to maximize their profits while also ensuring a complete security of their deposits and guaranteed income generation.

The best cd rates at Virtual Bank are currently available for the five year investment. The bank is offering an APY of 2.43% for a minimum investment of $10,000. Highest CD rates are only available on this five year option as CDs for other terms offer lower percentage yields.

Virtual Bank CD rates are the lowest for one month of investment. The bank is offering an APY of 0.35% for this CD. A 3-month CD will return an APY of 0.40%. A 6-month CD at Virtual Bank yields 0.70% and a 9-month CD returns an APY of 0.75%.

VirtualBank CD rates for the standard one year investment are currently estimated at 1.26%. An 18-month CD returns an APY of 1.31%. A 2-year investment at Virtual Bank returns an APY of 1.56% and a 3-year investment will yield 1.92%. A 4-year CD at Virtual Bank offers an APY of 2.17%. Virtual Bank holds the right to deduct money from CDs in case of early withdrawals or other violations of user agreement. Each CD account is granted full online access and transactions along with free transfers.

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Current Virtual Bank CD Rates

Virtual Bank offers some of the best cd rates in the financial market. The company offers a diverse range of CD interest rates that depend on the local and national market conditions and economical indicators. CD rates at Virtual Bank for a regular CD account and a minimum investment of $10,000 are accrued at 0.40% APY for a CD term of 12 months. The bank requires a minimum investment of $10,000, irrespective of the duration of CD.

Highest CD Rates are applicable for the above-mentioned minimum investment. These Virtual Bank CD Rates are calculated at an APY of 2.53%; interest rate for this investment is slightly lower at 2.50%. A 3-year CD term with the above-mentioned minimum investment would bring an APY of 2.28% and an interest rate of 2.25%.

All of these figures are subject to deduction of fees. VirtualBank CD Rates are calculated after keeping in consideration the general market conditions and changing interest rates on the national and global level. Each of these accounts accrues interest on a daily basis with a monthly addition of credit. The company has not implemented any strict procedures for early withdrawal of CD but penalties can still be imposed in some cases.

CD accounts are offered with the online features including free online balance statements and secure access. The company pays $20 for customers using its referral program.

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Virtual Bank CD Rates

There are basically two types of VirtualBank certificates of deposit, Regular CDs and eCDs.  Since the eCDs have the best CD rates of the two, we will focus on those.

The VirtualBank 6 Month eCD earns an interest rate of 4.00 percent, yielding an Annual Percentage Yield (APY) of 4.08 percent.  This VirtualBank CD requires a minimum deposit of $10,000.

The VirtualBank 12 Month eCD earns an interest rate of 4.35 percent, yielding an APY of 4.45 percent.  This Virtual Bank CD also requires a minimum deposit of $10,000.

The VirtualBank 4 Year eCD earns an interest rate of 4.40 percent, yielding an Annual Percentage Yield of 4.50 percent.  Like the other Virtual Bank CD rates, this one also requires a minimum investment of $10,000.

The VirtualBank 5 Year eCD earns an interest rate of 4.50 percent, yielding an Annual Percentage Yield of 4.60 percent.  Again, a minimum deposit of $10,000 is required

So, if you are looking for a high interest rate FDIC-insured CD, you may want to consider checking out the CD rates at VirtualBank.  Be certain to check out the VirtualBank online banking site to see the most up-to-date offers, as CD rates can change quickly.

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VirtualBank CD Rates