NOVA Bank CD Rates

The NOVA Bank offers client driven financial solutions to its banking customers. This financial institution offers a selection of services to suit you best. These include personal banking, business banking, lending solutions, investment and insurance, and life planning. The bank is also there to assist you if you believe that you have been the victim of identity theft.

The NOVA Bank offers client driven financial solutions to its banking customers. This financial institution offers a selection of services to suit you best. These include personal banking, business banking, lending solutions, investment and insurance, and life planning. The bank is also there to assist you if you believe that you have been the victim of identity theft.

Under personal banking the NOVA Bank offers to its customers checking, savings and money market, certificates of deposit, credit cards, loans and online services. This financial institution also offers special services such as direct deposit and overdraft protection, among others.  NOVA takes into consideration your needs and lifestyle and then does what it can to help you select the array of products that are most fitting for your life. The more products you choose from the NOVA Bank the more attractive the rates become! 

Whether you invest a lot or a little or whether you have invested before or are new to the investing game, investing in a certificate of deposit is always a smart thing to do. CDs, as they often fondly referred to are smart and stable investments whereby you place a specific sum of money in a special bank account for a predetermined period of time. The NOVA Bank CD rates are competitive with other banks and offer fixed interest rates on your money. What this means is that the interest rate you open the CD account with is locked in from the start and remains as such until it reaches the end of the maturity date.

The CDs at NOVA Bank have terms that are as short as three months and as long as five years. You choose the one that is best for the life that you live and for your future financial goals. Please note that to open a CD account at the NOVA Bank you require a minimum balance of $500.

Here are the recent NOVA Bank CD rates as of July 7, 2010:

•    3 Months- Interest rate of 0.75%, APY of 0.75%
•    6 Months- Interest rate of 1.00%, APY of 1.00%
•    9 Months- Interest rate of 1.14%, APY of 1.15%
•    12 Months- Interest rate of 1.29%, APY of 1.30%
•    18 Months- Interest rate of 1.49%, APY of 1.50%
•    24 Months- Interest rate of 1.73%, APY of 1.75%
•    36 Months- Interest rate of 2.08%, APY of 2.10%
•    48 Months- Interest rate of 2.27%, APY of 2.30%
•    60 Months- Interest rate of 2.62%, APY of 2.65%

For those unfamiliar with the acronym APY it stands for annual percentage yield and is relevant when discussing certificate of deposit rates. The interest rates here may remain in place for some time or may change at any time. To learn more about the NOVA Bank CD rates visit the website found at http://www.novabank.com/