Highest CD Rates Info

Sovereign Bank started as a Pennsylvania bank and now has over 700 branch offices throughout the Northeastern United States.  So, we here at Highest CD Rates Info thought that we would take a look at Sovereign Bank CD Rates to see how they compare with the other CD interest rates that we have reviewed.

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.