Presidential Online Bank CD Rates

The Presidential Online Bank is a new bank that has not been around for that many years in relation to other banks. However if you are looking for a bank that is convenient and is always open to serve all of your business needs then you will find it with this virtual bank. The Presidential Bank itself is a brick and mortar bank that got its start in 1985. The online version of the bank opened its cyberspace doors for business 10 years later, in 1995. This bank is owned by a privately held company.

The Presidential Online Bank is a new bank that has not been around for that many years in relation to other banks. However if you are looking for a bank that is convenient and is always open to serve all of your business needs then you will find it with this virtual bank. The Presidential Bank itself is a brick and mortar bank that got its start in 1985. The online version of the bank opened its cyberspace doors for business 10 years later, in 1995. This bank is owned by a privately held company.

Your money will not grow on its own which is why you must do your part to make it grow. A certificate of deposit (CD) is an excellent way to save your money in a safe and secure investment account. Please be aware that the Presidential Online Bank CD accounts, as well as all of their checking and savings accounts offers insurance by the Federal Deposit Insurance Corporation (FDIC) up to the amount of $100,000 per depositor. This is less than the $250,000 in FDIC insurance that is offered by most banks at the present time.

The Presidential Online Bank CD rates have so mush to offer you in term of competitive rates and high returns. You can open a CD account in one of three ways. First, you may transfer money from an existing account you already have with the Presidential Bank. Secondly, you can mail the bank a check made payable to yourself. You can learn more about this by visiting the bank’s website. Thirdly, you can transfer money from an account you currently have with another bank by way of a wire transfer. Be aware that your bank may charge you a fee for doing this. As well, you need to receive approval from the Presidential Online Bank before you go ahead and do this.

There are a variety of terms you can choose for certificates of deposit. The CDs at the Presidential Online Bank are such that they will automatically renew once the maturity date has been reached. You will be sent a reminder notice approximately one month before the maturity date arrives. This notice will let you know what options you have once the term for your CD is up. You may wish to withdraw your money at this time into an account you have at Presidential. Please be aware that the bank does not mail out notices for certificates that mature within 30 days.

To learn more about the Presidential Online Bank visit the website at http://www.presidential.com/.