9 month CD rates - Where to find the best rate?
Find the best 9 month CD rates below. Keep in mind that 9 month CD’s are an odd maturity time and are therefor not a common savings product offered through many banks and credit unions.
What makes the 9 month CD unique though is that many times when you see it offered it is actually a promotional rate.
Back in Feburary, Flagstar Bank was running a promotional 9 month CD rate which was available to anyone nationwide. This promo lasted several weeks and came with a lucrative rate of 3.25% APY!
Today, the best 9 month CD rates (promotional and non-promotional) are as follows…
Massillon Area Credit Union - 9 month CD yielding 3.0% APY (the national average for 12 month CD’s is less than 1.50% APY)
First Priority Credit Union - 9 month CD yielding 3.0% APY. This is a promotional rate and is subject to change without notice. First Priority came out with this promo last month (March 5, 2009).
Check with these individual institutions for exact terms and conditions. Promotional rates are frequently accompanied with deposit caps (meaning you can only invest X amount in that particular CD).
Some BankVibe readers suggest taking these CD rate offers to your local bank and credit union to see if they would be willing to match the rate. If you have a long standing relationship with your bank or CU this may be a decent route to take.
April 20th, 2009 at 3:14 pm
Asking my local bank to match those CD rates didn’t work for me. Maybe I need more money!!!