Best CD Rate - 4.75% for 5-Years

The best CD rate today at Wachovia Bank is 4.75% APY with a minimum opening deposit of $5,000. This is for a sixty (60) month (5-years) CD with an annual interest rate of 4.64%. Note, a Wachovia checking account is required to open this featured CD.

For a full list of CDs and terms, see Wachovia Bank Best CD Rates.

Bankrate.com says the highest regular 5-year CDs are

• 4.60% at E-Loan
  and
• 4.50% at Capital One Bank

Also, make sure you read:

• =>How to Get the Best CD Rates
  
• =>Beware of Annuities

Definition: A Certificate of Deposit or CD is certificate from a bank stating that the named party has a specified sum on deposit, usually for a given period of time at a fixed rate of interest. Often there is a penalty for early withdrawal (taking your money out before the specified period of time.)

APY = Annual Percetage Yield

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