Dedicated to Deposits: Deals, Data, and Discussion

CD Rates Up at NewDominion Bank - 4.50% 24-Month / 4.25% 12-Month CD

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NewDominion Bank
NewDominion Bank has increased its CD rates on terms of 9 months and longer. Many of the rates increased by 25 basis points. The 12-month CD yield is now 4.25% APY. The minimum deposit is $3,000. Most of these terms are also available as an IRA CD with only a $500 minimum. Below is the full list of the old and new CD rates.

Certificate of Deposit Yields as of 7/25/08:

TERM Old APY New APY Change
3 month 3.35% 3.35% -
6 month 3.70% 3.70% -
9 month 3.65% 3.90% +0.25
12 month 4.01% 4.25% +0.24
18 month 4.20% 4.30% +0.10
24 month 4.35% 4.50% +0.15
30 month 4.35% 4.60% +0.25
36 month 4.50% 4.75% +0.25
48 month 4.50% 4.75% +0.25
60 month 4.50% 4.75% +0.25

Please refer to my July 7th post for more CD details. These CDs can be opened online from any state.

The bank has been FDIC insured since 2005 (FDIC Certificate # 57888). It has a 3 star rating (adequate) at BauerFinancial and also a 3 star rating (performing) at Bankrate.com. Both are based on 3/31/08 data.

  Tags: NewDominion Bank, CD rates, IRA rates

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