Charles Schwab Bank CD Rates

You have probably heard people talking about this investment or that investment. If you have decided that the time has come for you to start investing then the sooner you check the Charles Schwab Bank CD rates the better! There has never been a better time to open an account with this bank.

You have probably heard people talking about this investment or that investment. If you have decided that the time has come for you to start investing then the sooner you check the Charles Schwab Bank CD rates the better! There has never been a better time to open an account with this bank.

The Schwab Bank seeks to meet the high standards and the various needs of its many customers. In both of these areas it succeeds! The approach the bank takes to customer service is very unique and it offers a wide selection of financial products and services. Some examples of these include checking, saving, money market accounts and certificates of deposit accounts. There is also a high yield investor savings account and mortgage financing solutions. If you live in the Northern Nevada area then you can drop into any branch of the Schwab Bank to see what it has to offer you!

With a savings account at the Schwab Bank you will have a variable rate. However if you decide to open a CD account this is a way to get the money you have saved to work even harder for you. A CD works according to your schedule and not the other way around. The Charles Schwab Bank CD rates are reasonable and competitive with other financial institutions. The interest rate is fixed which means that whatever rate you open the certificate of deposit with you will end with when the maturation date rolls around. Choose a term that ranges from three months to five years. Choosing to save money this way is very wise because you combine the term and tier with insurance from the Federal Deposit Insurance Corporation (FDIC) with growth that is predictable.

There is no fee to open a CD account at the Charles Schwab Bank nor is there any maintenance fees to worry about during the term of the CD. It is important to note that the interest rate as well as the Annual Percentage Yield (APY) will not be altered during the course of the term. The Annual Percentage Yield assumes one thing however. It assumes that the interest will remain on deposit until the date of maturation has been reached. All certificates of deposit at the Schwab Bank are subject to a penalty if early withdrawal takes place. This penalty is equal to 90 days worth of interest earnings for all of the different terms as well as all of the different balance tiers.

To learn more about the Charles Schwab Bank CD rates visit the website found at http://www.schwabbank.com/.