Sovereign Bank 3 and 5 Year CD Online Promotion

by CD Rates on June 24, 2010 · 0 comments

in Promotions

Sovereign BankWe’ve discovered another online bank deal today. Sovereign Bank is offering an promotion that’s only available online for a 3 year and 5 year CDs.

  • 3 Year CD – 2.35% APY
  • 5 Year CD – 3.15% APY

Both require a $500 minimum deposit.  A penalty will be imposed for any early withdrawal from the CD.  While the rate for the 3-year CD is not the highest online, it is competitive.  For a bank, the 5-year CD is the highest available online.  There are some credit unions that do offer higher rates.  The bank is FDIC insured and more details about the bank can be found on our details web page.  The bank mentions these rates are valid as of Jun 5th 2010, so you this promotion may not last much longer.

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