E-LOAN.com CD Rates

By: EconomyWatch Content Team   Date: 10 July 2010

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If you are used to dealing with a brick and mortar bank in your neighborhood but yearn for the ultimate in convenience and flexibility when you do your banking then this may signal that you are ready to join the growing number of people who bank online.E-LOAN.com has gained recognition and won awards for being a virtual bank that takes good care of all of its customers by offering superior service as well as good products and all of the safety that you look for when you bank exclusively online.

E-LOAN.com offers everything from savings accounts and certificates of deposit (CDs) to personal loans to savings loans to auto loans to loans for a mortgage or home equity. If you need to refinance your home or consolidate debt then E-LOAN.com is able to help you in those areas as well.   

The ELOAN.com CD rates are FDIC insured and come with no fees whatsoever. The process to apply to open a certificate of deposit account is very simple and hassle free. It takes only a few minutes to apply and be on your way to saving and investing! Be aware that CDs through ELOAN comply with the industry’s strictest privacy policy.

Here are the latest CD rates from ELOAN.com as of July 2, 2010. (Please note that these CDs all require a minimum opening deposit of $10,000):

•    1 Month CD- Rate of 0.25%, APY of 0.25%
•    2 Month CD- Rate of 0.30%, APY of 0.30%
•    3 Month CD- Rate of 0.40%, APY of 0.40%

•    6 Month CD- Rate of 0.55%, APY of 0.55%
•    9 Month CD- Rate of 0.65%, APY of 0.65%
•    1 Year CD- Rate of 0.85%, APY of 0.85%
•    18 Month CD- Rate of 1.14%, APY of 1.15%
•    2 Year CD- Rate of 1.49%, APY of 1.50%
•    3 Year CD- Rate of 1.74%, APY of 1.75%
•    4 Year CD- Rate of 2.03%, APY of 2.05%
•    5 Year CD- Rate of 2.47%, APY of 2.50%
•    6 Year CD- Rate of 2.57%, APY of 2.60%

It is important to be aware that the annual percentage yield (APY) for a CD account is subject to change without any notice at all. The APY of the account presupposes that both the principal as well as the interest of the account remain on deposit until the maturity date has been reached. If you are thinking about withdrawing your money early from the CD account then don’t! If you do then an early withdrawal penalty will be incurred. To learn more about the ELOAN.com CD rates visit the website found at http://www.eloan.com/.


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