Highest CD Rates Info

Tracking various banks as we do, we here at Highest CD Rates Info often find something interesting. Today, we’re sharing some new information regarding 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.