A recent survey of CD rates at forbestadvice.com/Money/Hig...index.html showed that the best rate for a 5-yr term was Wachovia Bank which was paying 4.75% APY with a minimum opening deposit of $5,000.
Details at forbestadvice.com/Money/Hig...aBank.html
Note, a Wachovia checking account is required to open this featured CD.
Definition: A Certificate of Deposit or CD is certificate from a bank stating that the named party has a specified sum on deposit, usually for a given period of time at a fixed rate of interest. Often there is a penalty for early withdrawal (taking your money out before the specified period of time.)
APY = Annual Percetage Yield
Details at forbestadvice.com/Money/Hig...aBank.html
Note, a Wachovia checking account is required to open this featured CD.
Definition: A Certificate of Deposit or CD is certificate from a bank stating that the named party has a specified sum on deposit, usually for a given period of time at a fixed rate of interest. Often there is a penalty for early withdrawal (taking your money out before the specified period of time.)
APY = Annual Percetage Yield
