Grand Yield Direct CD Rates

By: EconomyWatch Content Team   Date: 2 July 2010

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Grand Yield Direct CD rates are excellent rates that do not come with any hidden costs. The same can be said for the rates on every financial product offered by this bank. If you have saved some money up and are ready to earn some interest and you want more than the meager interest you can earn from a traditional savings account then you have come to the right financial institution.

At the present time you can open a certificate of deposit (CD) for a term of 13 months with an annual percentage yield (APY) of 1.15 percent. If you compare this to other financial establishments you will see that it is competitive and it makes for an excellent rate!

Grand Yield Direct CD rates offer attractive terms and make it possible for you to maximize your earnings with daily compound interest. You can lock in a very good rate with the preferred fixed CD rate from Grand Yield Direct. All you need is $5,000 to open the CD account.

But that is not all that a Grand Yield Direct certificate of deposit has to offer you. It automatically renews when it receives the date of maturity. That means that unless you wish to withdraw your money you can just do nothing and it will renew itself and become a new CD.

The term and the rate for the certificate of deposit are both effective when you make your initial deposit. With a Grand Yield Direct CD comes free online banking and free bill pay. A CD through Grand Yield Direct is issued by the Apple Bank which happens to be one of the strongest banks located in the United States.

Your money is safe and secure because it is FDIC insured up to applicable limits (which means $250,000 until December 31, 2013. After that date $100,000 will be insured). In order to apply for a CD account with this bank you must have a Grand Yield Direct savings account for a period of at least 30 days or more. Be aware that you should choose the term for your CD very carefully. If you decide to withdraw your money early then you will have to pay a penalty. This is not something you want to think about!

Check out the Grand Yield Direct CD rates today and get on your way for saving for your tomorrows! Visit the website for Grand Yield Direct at http://www.applebank.com/grandyielddirect/cod.aspx to see what it has to offer you as a current customer or as a potential one.


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