Danvers Bank – 4 month online CD (update)
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Two months ago Danvers Bank out of Boston, Massachusetts, offered a sweet CD rate promotion. A 4 month online CD yieding 3.30% APY for a limited time. And as of April 2, 2009, they still have this 4 month online certificate of deposit promotion running, however it now comes with a fixed interest rate of 2.94% or 3.00% APY. This is still an extremely lucrative rate for having such a short maturity. 12 month CD’s are currently yielding 1 percentage point less than this 4 month CD offer …to put things in perspective.
In the last post regarding Danvers Bank and their online CD rate promotion, BankVibe reader Steve mentioned that their is a $25,000 maximum deposit for this account as well as a $500 minimum.
Danvers Bank also offers a 9 and 12 month CD special with a much more modest APY of 2.50% (still thumping the national average). To learn more about their promotional savings products and to see who can apply click here.
April 4th, 2009 at 10:09 pm
Is this available to anyone? Sounds like a teaser promo, but as long as you dont have to create any other accounts with them I think I’ll use it. Im looking for short term high yields. Anyone else got any good ideas?
April 15th, 2009 at 3:42 pm
Anyone else got any good ideas? Blah Blah Blah….
Get the hell out of here Trevor