Innovative Bank CD Rates

Current CD rates and terms at Innovative Bank with offices in Oakland, Santa Clara and Los Angeles, California.

==> " CD Rates at Innovative Bank " as of 6/30/09 <==

San Jose Mercury News 6/30/09 Advertisement of CD Rates
CD Term	APY	Min Deposit
12 months	2.15%	$20,000
	2.17%	$100,000
18 months	2.28%	$20,000
	2.31%	$100,000
24 months	2.43%	$20,000
	2.45%	$100,000
36 months	2.56%	$20,000
	2.60%	$100,000

You can often get higher than advertised rates at your local branch if you do your homework. Print out our "Highest CD Rate Survey" and bring it in with you. Print out some of the advertisement of rates advertised on your bank's competing web sites so you have proof.

Bottom line: It never hurts to ask the teller if better rates are available when you do your homework!

Contact info and more at Innovative Bank CD Rates

Wells Fargo Bank Special CD Rates

Wells Fargo Bank is has some special CD rates including 2.15% for a 25-month term.

Special Offers

CD Term	APY	Minimum Deposit
9 months (Renews for 6 month term)	0.90%	$5,000
17 months (Renews for 12 month term)	1.65%	$5,000
25 months (Renews for 24 month term)	2.15%	$5,000

For more rates and terms plus contact information, see Wells Fargo Bank CD Rates

You can often get higher than advertised rates at your local branch if you do your homework. Print out our "Highest CD Rate Survey" and bring it in with you to show what others offer. Print out some of the advertisements showing rates advertised on your bank's competing web sites so you have proof. Tellers often have permission to give you a rate boost if you bring competitive data showing you can get better rates elsewhere.

Current LIBOR Rates Remain Near Historical Lows

London Interbank Offered Rates (LIBOR) remain near historical lows. The short term, 1-month LIBOR rate is down 2.16% to only 0.32% from 2.48% just a year ago.

Chart of 3 month LIBOR Rate vs. Time courtesy of Wikinvest

This is This table shows all LIBOR rates are down significantly from a year ago.

Updated 6/10/2009	This week	Month ago	Year ago
1 Month LIBOR Rate	0.32	0.35	2.48
3 Month LIBOR Rate	0.65	0.91	2.79
6 Month LIBOR Rate	1.27	1.43	3.17
1 Year LIBOR Rate	1.60	1.78	3.21

See Libor Rates at a Glance for current rates and graphs.

Definition: LIBOR is the London Interbank Offered Rate. It is a daily reference rate based on the interest rates banks in the London wholesale money market (or interbank market) offer to lend unsecured funds to each other. LIBOR is usually slightly higher than the London Interbank Bid Rate (LIBID). LIBID is the rate the same banks are prepared to accept deposits.

• Current Libor Rates
  
  
• Historical Libor Rates
  
  
• Libor Rates at a Glance
  

Best CD Rate Update - 4.00% APY at PenFed CU

The top rates for CDs this week are at Pentagon Federal Credit Union (fondly known as PenFed CU) for 5 and 7-year certificates of deposit that currently pay 4.00% APY.

For shorter term, Flagstar Bank, has a 1-year CD with a 3.25% annual percentage rate.

For online savings, Tennessee Commerce Bank is paying 2.30%.

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities

The table below shows the best CD rates for other terms. If that table is hard to read, then try Very Best CD Rates.

"Highest CD Rate Survey + Current US Treasury Rates"

Term	Date	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Daily Savings	6/4/09	0.42%	Vanguard Prime Money Market Fund
Tax Exempt	6/4/09	0.45%	Vanguard Tax Exempt Money Market Fund
High Yield MM	6/4/09	2.30%	Tennessee Commerce Bank in Franklin, TN
3-Month Treasury	6/4/09	0.14%	US Treasury Rates at a glance
6 Months	6/4/09	2.10%	Ally Bank
6-Month Treasury	6/4/09	0.26%	US Treasury Rates at a glance
1 Year	6/4/09	2.80%	Ally Bank
1 Year Treasury	6/4/09	0.46%	US Treasury Rates at a glance
18 - Months	6/4/09	2.72%	newDominionDIRECT.com
2 Years	6/4/09	2.75%	Ally Bank
2 Year Treasury	6/4/09	0.91%	US Treasury Rates at a glance
3 Years	6/4/09	3.50%	Pentagon Federal CU
3-Yr Treasury	6/4/09	1.49%	US Treasury Rates at a glance
4 Years	6/4/09	3.75%	PenFed Credit Union
5 Years	6/4/09	4.00%	Pentagon Federal CU
5 Yr Treasury	6/4/09	2.55%	US Treasury Rates at a glance
7 Years	6/4/09	4.00%	Pentagon Federal CU
5 Yr Treasury	6/4/09	3.30%	US Treasury Rates at a glance
10 Yr Treasury	6/4/09	3.70%	US Treasury Rates at a glance
10 Years	6/4/09	4.00%	Discover Bank
30 Yr Treasury	6/4/09	4.58%	US Treasury Rates at a glance

• Easy to Read Best CD Rate Survey
  
  
• US Treasury Rates at a Glance
  
  
• World Stock Markets at a Glance

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities.