Why invest in the Jacksonville bank
Have you ever wondered about the difference between having a savings account and a certificate of deposit in the bank? What does a certificate of deposit means? A CD is one of the products offered by most banks and credit unions which are almost like a savings account, where in you can never touch or get until the maturity date of the CD comes. CD is protected by FDIC (The Federal Deposit Insurance) and it contains fixed rates so it makes it least risky for an investment. The Certificate of Deposit has three terms: a three month, six month, one year, or five year CD. Usually the longest period has the highest or the best CD rates.
One of the most outstanding banks in Florida is Jacksonville bank. It has not only offered stellar financial assistance but also the highest CD rates as well. It offers the greatest service to all clients and provides its workers with a competitive training to help banking members with all the financial concerns. Considering as the best bank in Florida and branches are all located directly in Jacksonville, it’s possible to open an account with a minimum deposit of $1,000, however the interest rate vary anytime at the Jacksonville Bank’s discretion. If withdrawal is done early, you will be penalized.
At present, this bank is giving 6-month CD rates deal at 0.75% APY. With a rate of 1.20%, The Jacksonville Bank has ongoing 6-month CD rate and it has the highest rate given for opening a six-month CD, where it is based at about $10,000 for your minimum deposit. While in terms of getting your Savings Account from Jacksonville Bank, the current rate is only 1.00%. You can tell that you could increase your finances at a minimal amount.
The highest rate for a 12 month CD rate from the Jacksonville Bank is 1.50%. This certificate of deposit is the most increasing rate available for opening a 12 month CD with the amount of $10,000 as a deposit. As of May 27, 2010, the current CD rate at The Jacksonville Bank for the 24 month CD rate is 2.00%. In fact, it was verified as the highest rate available for making a deposit not less or more than $10,000 for 24 month CD. You will get a 2.00% interest at least, but it should confirm it with the bank.
