12 Month CD



Looking for another way to save money for retirement? What about a 12 month CD as a good option? These are a way that you can place money into an account and keep it there for a year and earn interest. But how are the annual percentage rates in your area and can you really find a CD that will earn you quite a bit of money? There are other options that you have for saving for retirement, and they include the choice of other CDs that you can keep in a longer term. Up to a 60 month option that may have you earn a higher rate of interest, but leave you without money to fall back on in case of an emergency.



Just a few examples of the different rates that are coming out around the United States currently are the United Central Bank. They are offering a very nice CD that you can earn 2.60 percent APY, you only need to have $1,000 to place on the account. You can choose from different terms from 12 months all the way up to a 60 month option. It is thought that the shorter maturity dates are the best options to pick for this deal. You can get about 1.80 APY with a 12 month CD from United Central at present. While a 2 year or 24 month CD will get you 2.53 percent. Unfortunately you do have to live in a certain area to be able to take advantage of this offer. So if you live in the follow states, Illinois, Texas, California, Virginia, New Jersey, Georgia and New York, check out this excellent offer. If you do not you will not be able to take advantage of this offer, but there are still more out there.

Living in the Fort Walton Beach in Florida you can check out this small Florida Bank for a great CD option. A 12 month CD can yield you 1.80 percent just like the above offer and again the minimum deposit is $1,000. This is an offer that has replaced the top earning previously in Doral Bank Direct, who have recently lowered their percentage rates from 1.90 to 1.20 percent.

While Golf Savings Bank located in Mountlake Terrance Washington is a top earning of 1.60 APY, but has a rather large minimum deposit that you must make at $10,000. Another location that you can consider if you live in Franklin Tennessee is that of the Tennessee Commerce Bank, make a minimum deposit of $1,500 and earn 1.55 percent APY.