Hillcrest Bank CD Rates

By: EconomyWatch Content Team   Date: 20 July 2010

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The Hillcrest Bank offers to its customers personal banking products and services, as well as those of business banking and commercial lending. If you are ready to broaden your financial horizons then it may be time to open a certificate of deposit. Saving money is always a good thing but saving money to invest it is even better because the interest you can earn is greater. Who wouldn’t be excited about taking that step with their money?

A certificate of deposit is an ideal way to protect your money from the fluctuations that occur in the financial markets. This is the opposite of stocks, bonds or mutual finds whereby you do have to worry about the principal of your money. With a CD you are safe and you are covered because the principal of money is not going anywhere. You will receive 100% of your principal when you reach the maturity date unless you decide to start a new CD.

Hillcrest Bank CD rates are competitive rates that offer enough flexibility when it comes to the terms that you will end up smiling for sure! All certificates of deposit at the Hillcrest Bank are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum amount that is permissible (which is $250,000 per depositor until December 31, 2013). The start of January 2014 sees the amount insured by the FDIC decreasing to $100,000. 

At the present time there is a Hillcrest Bank CD Special available at this financial establishment. It is a 26 month CD that has an annual percentage yield of 1.90% and an interest rate of 1.89%. To open this CD you require a minimum deposit of $5,000. The APY for this special is accurate as of the date July 12, 2010. However it is subject to change at any time without prior notice.

Here are the current Hillcrest Bank CD rates as of July 12, 2010:

•    3 Month Term- APY of 0.65%, Interest rate of 0.64%
•    6 Month Term- APY of 1.05%, Interest rate of 1.04%
•    1 Year Term- APY of 1.45%, Interest rate of 1.45%
•    18 Month Term- APY of 1.60%, Interest rate of 1.59%
•    2 Year Term- APY of 1.85%, Interest rate of 1.85%
•    3 Year Term- APY of 2.20%, Interest rate of 2.20%
•    5 Year Term- APY of 2.75%, Interest rate of 2.75%

The minimum amount required to open and obtain the annual percentage yield given is $1,000. Before you open the CD account you need to know that a substantial penalty may be imposed if you make the decision to withdraw your money early.

The Hillcrest Bank also offers an Access CD which offers you stable earnings but also the opportunity to dip into your account if the need should arise. The recent Hillcrest Bank CD rates for the Hillcrest Bank Access CD are as follows:

•    6 Month Term- APY of 0.65%, Interest rate of 0.64%
•    12 Month Term- APY of 1.00%, Interest rate of 1.00%
•    24 Month Term- APY of 1.35%, Interest rate of 1.35%

When you are looking for a bank to open a new CD account with, think Hillcrest!

 


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