Ascencia Bank CD Rates

By: EconomyWatch Content Team   Date: 8 July 2010

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As far as online banks go, the Ascencia Bank is a smart choice. Another smart choice is deciding that it is time to start investing and from there deciding to open a certificate of deposit account. When you invest your money it does not just sit in an account but it builds with interest that compounds on a regular basis. The Ascencia Bank CD rates are competitive and the rates beat the national average time and time again.

Doing your banking online takes the hassle out of the entire banking experience. There is no more running to the bank on your lunch hour and walking in to see a huge line or having to struggle to find a parking space. There are also no worries that you will arrive at the bank at 4 PM only to discover that it closed at 3 PM and it slipped your mind. Banking via the Internet is fast, it’s convenience, it is suitable for every schedule and it is secure. As well the bank’s doors never close!

Opening a CD account at Ascencia is speedy and simple. You can choose from a variety of maturities. If you want to start small you can open a six month CD and see what it is like. Or if you want to think longer term then you can open a three year CD or a five year CD. The minimum deposit required to open a certificate of deposit at Ascencia is $500. The maximum opening balance is $97,000.All of the certificates of deposit sold by the Ascencia Bank are FDIC insured and you have 24/7 access to your accounts.

Here are the most current Ascencia Bank CD rates:

•    6 Month Term- 1.16% Interest rate, 1.17% APY
•    12 Month Term- 1.49% Interest rate, 1.50% APY
•    2 Year Term- 1.44% Interest rate, 1.45% APY
•    2.5 Year Term- 1.44% Interest rate, 1.50% APY
•    3 Year Term- 1.49% Interest rate, 1.50% APY
•    5 Year Term- 1.69% Interest rate, 1.70% APY

One thing you may notice about the certificates of deposit that the Ascencia Bank offers its customers is that it has a 2.5 year (or 30 month) CD. This is rather unique among financial institutions as this particular term is rarely seen.

The Ascencia Bank got its start in Louisville, Kentucky and is a division of PBI Bank (also known as Porter Bancorp, INC). To learn more about opening a CD account as well as the other financial products and services that the bank offers visit the website found at http://www.ascenciabank.com/.
 


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