JustBankIt CD Rates
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
If you are looking for an online bank that can offer you everything from real time banking to free bill pay to online statements to online images then you should take a look at what JustBankIt.com has to offer you! As a member of the Allied Bank, JustBankIt.com has personal checking accounts, business checking accounts, credit cards, certificates of deposit and loans.
If you are looking for an online bank that can offer you everything from real time banking to free bill pay to online statements to online images then you should take a look at what JustBankIt.com has to offer you! As a member of the Allied Bank, JustBankIt.com has personal checking accounts, business checking accounts, credit cards, certificates of deposit and loans.
The JustBankIt.com CD rates are competitive with other financial institutions. If you wish to open a CD account all you need is a minimum opening balance of $1,000. The yield compounds on a monthly basis. Be aware that deciding to withdraw your money from a certificate of deposit early will cause you to incur a penalty. Even if you decide to withdraw a portion of your money you will still have to pay a penalty, which is likely to be a portion of your earnings. To avoid this from happening choose the term you want very carefully.
Here are the current JustBankIt.com CD rates as of July 5, 2010. Be aware that they are subject to change without any notice at all:
• 6 Month Term CD- APY of 0.40%
• 12 Month Term CD- APY of 1.00%
• 18 Month Term CD – APY of 1.05%
• 30 Month Term CD- APY of 1.35%
(APY stands for Annual Percentage Yield)
An online bank offers convenience and flexibility that you do not find at a brick and mortar bank. It is always open which means that you are free to do your banking whenever you please. A certificate of deposit (CD) is a wise choice of investment as it is safe and virtually risk free. Unlike stocks, mutual funds or bonds there is no fluctuation in the interest rate. A CD at JustBankIt.com has a fixed rate which means that whatever rate you lock the CD in at is the rate it remains for the full term of it. Rates are different depending on the term you choose. That is why you need to give the term you wish to choose as much thought as possible.
As previously mentioned, JustBankIt.com is an online banking service that is through the Allied Bank. When you place your money in any of the JustBankIt.com accounts (that is CD accounts, as well as checking and savings, etc.) your money is protected by the Federal Deposit Insurance Corporation (FDIC). This means that in the event that the bank should close its virtual doors due to financial hardship your money will be protected. To learn more about the JustBankIt.com CD rates visit the website found at http://www.justbankit.com/.
