Compass Bank CD Rates
Compass Bank is located in the Sunbelt region and is the third largest bank in Alabama. They offer many savings options like savings account, CDs and IRAs. One of the highlights of their CDs is the simplicity associated with it. The investor has to simply put in the money for a period of time and can earn the specified interest at the end of the period without any hassle.
Compass Bank also offers a lot of flexibility in terms of duration and the interest payment period. One can choose any period of maturity from 7 days to 15 years and the interest payments are made monthly, quarterly, semi-annually, yearly or at the end of the period, according to the instructions of the customers. This flexibility is probably one of the reasons why it is the 15th largest US commercial bank in terms of deposits.
The Compass Bank CD rates are 0.15% APY for up to 3 months and it is 0.40% for 6 months. The Compass CD rates for 9 months is 0.70% and for 12 months is 1.00%. It is 1.05% for 18 months, 1.40% for 24 months, 1.30% for 30 months, 1.65% for 36 months, 2.10% for 48 months and 2.50% for 60 months respectively.
These current CD rates are one of the highest CD rates in the region and this makes it a very lucrative option for investors looking to earn a good rate of interest on their investment. The minimum amount of investment is $5,000 for any term and all deposits are insured by FDIC. There can be penalty for early withdrawal and investors must keep this in mind before investing. In short, this is a good savings option.
