Highest CD Rates Info

As we here at Highest CD Rates Info strive to keep you updated on the latest, we once again had to look at 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.