New Dominion Bank CD Rates

Investing for your future is always a good thing. Not only does it bring security and peace of mind but it also provides a cushion in the event that some type of financial calamity were to befall you, such as if you could not work for six months to a year because of an injury or illness. Some individuals can afford to invest more money at a time than others. That is fine. The important thing is that you dip your toes into the investing waters before you realize that you are ready to dive in with your whole body!

Investing for your future is always a good thing. Not only does it bring security and peace of mind but it also provides a cushion in the event that some type of financial calamity were to befall you, such as if you could not work for six months to a year because of an injury or illness. Some individuals can afford to invest more money at a time than others. That is fine. The important thing is that you dip your toes into the investing waters before you realize that you are ready to dive in with your whole body!

If you yearn for a safe investment than you need look no further than a certificate of deposit (CD). The New Dominion Bank offers to its customers both a fixed rate CD as well as a variable rate CD. The New Dominion Bank CD rates are worth exploring further for the person serious about investing in their short-term future, their long-term future, or both!

All you need to do is decide how must money you can go without for an allotted period of time and then decide whether a fixed rate CD is better for you or a variable rate CD. Regardless of which CD you decide to purchase, you will receive a great return on your money. Think of it as a maximum return on your investment with little if any risk at all!

You may wonder what the difference between the two types of certificates of deposit is. A fixed rate means you lock in a rate from the beginning of your term that does not change while a variable rate has the potential to change over the course of the term.

The New Dominion Bank CD rates are competitive with other banks and offer the returns you seek. The Great Rate fixed rate CD from New Dominion offers strong and steady returns to meet your monetary goals. Competitive rates are offered for all terms and all amounts. The terms range from three months to five years. The interest is compounded on a daily basis and paid out on a monthly basis. You require $3,000 to open a fixed rate CD account. There is an automatic renewal option offered when the CD matures. This account is insured by the FDIC. Please be aware that a penalty may be imposed for early withdrawals.

The Great Rate variable rate CD offers a strong return on your money as well. This is regardless of what direction the money market moves in. The interest rate is tied into the Wall Street Journal prime rate. You must open this account with a minimum deposit of $3,000. The terms range from 12 to 30 months. In every other respect the variable rate CD and the fixed rate CD are the same.

To find out more about the most recent New Dominion Bank CD rates visit the website found at http://www.newdominiondirect.com/.