Many banks are providing CD's at different rates. There has been a gush in the buying of CD's among common people and almost all banks and credit unions have their own CD's which are giving quite good returns.
Here we are talking about the Am Trust Bank CD rates for November 2010. These rates are from a bank that is a division of the New York Community Bank, which has 68 total branch offices. This financial institution has been serving their community and their customers for over 150 years.
The Am Trust Bank certificate of deposit rates are of a fixed interest and fixed terms all of which are protected by the FDIC. To earn the stated APY, the entire deposit and all of the accrued interest must stay on deposit until the CD matures. An early withdraw of the principal will result in the assessing of an early withdraw penalty. The Withdraw penalty would not be really beneficial for the person investing in CD's thus care should be taken to plan your finances accordingly. If you foresee a requirement of finances in near future it is better to make alternate arrangement for it rather than withdraw the money invested in the CD.
The current CD rates include the 6 month CD which earns an APY of 0.50%. The 9 moth CD earns an APY of 0.60%. The 1 year CD earns an APY of 0.85%. The 18 month CD earns an APY of 1.00%. The 2 year CD earns an APY of 1.50%.
The 30 month CD earns an APY of 1.00%. The 3 year CD earns an APY of 1.79% and the best CD rates are obtained when a 5 year CD is invested in. This 5 year CD earns an APY of 2.25%.
All of these Am Trust CD rates were posted on November 5, 2010 but are subject to change without notice. The minimum deposit required to obtain the stated Am Trust Bank CD rates is $1,000.
Before going in for a CD with AM Trust Bank just check if the features of the CD they are offering does match your requirements and needs.
