US bank offers competitive CD rates in the longer term

There are 2 competitive CD offerings in the longer term from US Bank. One of the best products is a 59 month CD that comes with a 2.5% APY. Another offering is of a 37 month CD that comes with 1.7% APY. There is also a 19 month CD which comes with a 1.15% APY. The minimum deposit required for these CDs is 1000 dollars. Some of the online banks offer CD rates which are a bit higher than in this case. However, these rates offered by the US Bank are quite attractive for a brick and mortar set up. When it comes to online offerings the best 5 year CD comes with a rate of 2.75% at Salem Five. The best 3 year CD comes with 1.91% APY. This is offered from the Bank of Internet USA.

Once the application is submitted, customers will get a signature card that has to be mailed back to them with a check for the deposit. Customers get another 30 days time in order to provide the funds for the CD. The CD will lock only after the funds have been received. A wire transfer is also allowed for the fund transfer.