Virtual Bank CD Rates
We haven’t looked at Virtual Bank CD rates in a little while here at Highest CD Rates Info, so we thought we should give them another look to bring you up to date.
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.