Chase Bank CD Rates Options

Choosing Chase as the bank to purchase Certificates of Deposit is one of your better options.  For one thing, this bank has been around for a long time and it has maintained its level of professionalism and integrity when offering solutions and working with customers.  Although opening a bank checking and savings account with Chase is an excellent option, if you are interested in a better investment, you should look at Chase bank CD rates.[br]

Choosing Chase as the bank to purchase Certificates of Deposit is one of your better options.  For one thing, this bank has been around for a long time and it has maintained its level of professionalism and integrity when offering solutions and working with customers.  Although opening a bank checking and savings account with Chase is an excellent option, if you are interested in a better investment, you should look at Chase bank CD rates.[br]

Many top banks offer Certificates of Deposit but experts agree that Chase bank CD rates are among the best.  Today, rates are still stable from at the end of July 2009, Chase bank CD rates saw a slight decline.  In the spring of last year, rates were extremely high and then as summer approached, they began to dip but even with this, comparing Chase rates with what other banks offered during that same period, Chase came out ahead.

To give you a few examples of some of the Chase bank CD rates now being offered, consider the following:

·    $1,000 to Open – 0.25% Annual Percentage Yield – Six-Month Term
·    $1,000 to Open – 1.01% Annual Percentage Yield – 18-Month Term
·    $10,000 to Open – 1.25% Annual Percentage Yield – 13-Month Term
·    $10,000 to Open – 2.00% Annual Percentage Yield – Two-Year Term
·    $10,000 to Open – 3.00% Annual Percentage Yield – Four-Year Term

Even when benefiting from competitive Chase bank CD rates, you need to remember that any Certificates of Deposit come with advantages and disadvantages.  However, when it comes to saving money, CDs are very low risk.  In fact, of all of the higher yield accounts that you could consider, they offer the lowest risk.  Then, money invested to secure the best Chase bank CD rates is secured by the FDIC up to $100,000, which  means if the bank were to face financial failure, your money up to that amount would have full government protection.[br]

Now, if you want to build your money faster, when choosing CDs and locking into the best Chase bank CD rates, consider what is known as the “ladder strategy”.  With this, the maturity dates for your various Certificates of Deposit would be staggered so when you need to get to some of your money, something would always be at the maturity date.  Therefore, you could take out some or all of the money in that CD without being penalized a huge fee or losing all of the accrued interest.

Remember, while Chase bank CD rates are definitely worth researching, other banks also offer competitive rates.  Banks were hit extremely hard by the current economy and because of this, they are being very competitive among each other, trying to outdo by offering better CDs, rates, and terms as a means of building their own business.  The outcome is a win-win situation, something good for banks but also good for investors.