Chase Manhattan Bank CD Rates

By: EconomyWatch Content Team   Date: 16 July 2010

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Perhaps you are ready to step your savings up a bit and start to do some investing. If that is the case then the Chase Manhattan Bank is the financial institution you should turn your attention towards. A certificate of deposit is an excellent way to turn your savings into investment without running the risk of losing any of your money. The Chase Manhattan Bank CD rates are something you will want to tune into as soon as possible!

For a little background, the Chase Manhattan Bank merged with JP Morgan & Co. in 2000. Chase is now the consumer and commercial banking division of what is known as JPMorgan Chase. Chase Manhattan was originally created through the result of a merger between the Chase National Bank and the Bank of Manhattan Company in the year 1955. The bank makes its headquarters in Chicago, Illinois.

Certificates of deposit are a very wise and smart choice when you are looking for a means to save and invest your money. They offer a rate of return that is fixed and predictable. After all your money will not grow on its own which is why you need to put it somewhere that you know it will build over time. At Chase Manhattan you can start a certificate of deposit with $1,000. If it is possible for you to commit some of your cash to an account that you are not allowed to touch for a specified period of time then you will have the opportunity to enjoy a higher fixed interest rate as well as the security that goes along with insurance from the Federal Deposit Insurance Corporation (also known simply as the FDIC).

The terms for CDs through Chase range from 6 months to 10 years. You can create the CD as a single CD or else as a joint CD that comes with rights of survivorship. You are given the options for how you would like to receive your interest. You can withdraw the money, reinvest it into a new CD or you can deposit the money into a checking or savings account. The choice is yours alone.

Here are the current Chase Manhattan Bank CD rates:

•    6-Month Term: APY of 0.25%
•    12-Month Term: APY of 0.25%
•    18-Month Term: APY of 0.75%
•    24-Month Term: APY of 1.01%
•    36-Month Term: APY of 1.01%

The Chase Manhattan Bank also offers CD specials that range from 9 months to 60 months. To open one of these requires a minimum deposit if $10,000. Visit the Chase website at http://www.chase.com/ to learn more about the certificate of deposit options they have to offer their customers.
 


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