12 month CD with rate of 4% APY – Regal Financial Bank (part 2)
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A few days ago BankVibe looked into Regal Financial Bank’s 12 month CD (which is currently yielding 4.0% APY). This rate is almost 3 times the current national average for CD rates. Plus it’s available to anyone in the United Sates (even though it’s being offered by a local bank in Seattle, Washington)!
Here is the catch…
In order to qualify for this CD rate you must have: A) 2 other accounts with them. A checking account and a savings account. B) You must initially fund the checking account with $500.00 and the savings account with $1,000.00.
Here is the good news though. If you have a large amount of cash to invest or are looking at purchasing a 12 month jumbo CD this is almost certainly your best bet. After opening the two prerequisite accounts you can invest up to $250,000 in this CD and enjoy the 4.0% APY yields!
