Chase Bank CD Rates
It's not often that we here at MMO Explorer get into financials, but in today's world, it's something that's on all of our minds. There are a lot of reasons that a gamer would be interested in a certificate of deposit account and Chase Bank CD rates are nationally available.
Gaming equipment (which non-gamers mis-call “toys”) can get expensive and saving for them might be something you consider a life-long endeavor. Short and medium term CD accounts might be the way. Here's a look at what Chase CD rates offer right now for the shor-term investor.
The six month term CD rates at Chase Bank are only 0.25% APY, but a special 9 month term gives a nice 1.10% APY instead. Those are both available online.
The one year term Chase Bank CD rates are also 0.25% APY, but a special thirteen month term gives a 1.25% APY, which is definitely worth that extra month. If you can go out to eighteen months, you'll get a 1.75% APY.
Certificates of deposit are great for specific savings since they allow you to deposit a set sum of money (Chase's minimum deposit is $1,000 on a CD) and then get a fixed rate of return on it. So if CD rates at Chase Bank for your term are 1.0%, you'll see a set return of $10/term. The longer terms compound more often, so a year could see that $1,000 turn out an extra $60 or more.
Plus, CD accounts are no-risk investments, so your money is guaranteed. Chase CD rates change regularly, but all accounts are FDIC insured to the fullest extent of the law so you won't lose out.
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September 22nd, 2009 at 1:47 pm
You should check out ing direct then. The standard free checking account at ing direct has a .25% APY and you don’t have to leave it locked up in a CD. Their savings account even has a 1.3% APY which beats all those CDs. Ing direct’s been around long enough now to know they’re stable. If you’re still interested in a CD, the 12 month CD at ing is currently at 1.85% APY