Advanta Bank Certificates of Deposit (CD) Rates

The biggest advantage in making an investment is in the security of earning high returns on it. The fact that you are investing with a sound bank whose deposits are FDIC insured gives you a great peace of mind. Advanta Bank is an industrial bank with $1.02 billion in owned assets as of June 30, 2006. Its main mission is to offer deposit products at highly competitive rates.

For investing your savings you may open a Certificate of Deposit account with Advanta Bank. If you have no other Atlanta Bank account then you need a minimum opening deposit of $10,000. In case you already have an account with this bank then you can open a Certificate of Deposit account with a deposit of $2,500. The rates offered on different CD accounts are explained below:

Regular Certificate of Deposit (CD) Accounts:
A CD account for 91 days earns 2.96% interest with 3.00% APY.
A CD account for 6 months earns 3.15% interest with 3.20% APY.
A CD account for 12 months earns 3.54% interest with 3.60% APY.
A CD account for 18 months earns 3.59% interest with 3.66% APY.
A CD account for 24 months earns 3.59% interest with 3.66% APY.
A CD account for 30 months earns 3.63% interest with 3.70% APY.
A CD account for 36 months earns 3.68% interest with 3.75% APY.
A CD account for 42 months earns 3.73% interest with 3.80% APY.
A CD account for 48 months earns 3.92% interest with 4.00% APY.
A CD account for 60 months earns 4.16% interest with 4.25% APY.
*The above interest rates in effect through Saturday, May 31, 2008 (subject to change weekly).

Jumbo Certificate of Deposit (CD) Accounts:
A CD account for 30 days earns 2.25% interest with 2.27% APY.
A CD account for 60 days earns 2.30% interest with 2.32% APY.
A CD account for 90 days earns 3.00% interest with 3.03% APY.
A CD account for 180 days earns 3.20% interest with 3.23% APY.
A CD account for 270 days earns 3.20% interest with 3.21% APY.
A CD account for 1 year (365 days) earns 3.55% interest with 3.55% APY.
A CD account for 18 months (547 days) earns 3.55% interest with 3.55% APY.
A CD account for 2 years (730 days) earns 3.65% interest with 3.65% APY.
A CD account for 3 years (1095 days) earns 3.80% interest with 3.80% APY.
*The above interest rates in effect through Saturday, May 31, 2008 (subject to change weekly).

CD Account Features:
@ Interest in compounded daily.
@ Optional monthly, quarterly, semiannual or annual interest payments on terms of 12 months or more.
@ Substantial penalty for early withdrawal.
@ Deposits are FDIC insured up to $100,000 per depositor.

You can open your account online through the Atlanta Bank’s website. For any queries regarding deposit accounts, you may call during weekdays, 8:30 a.m. to 5:00 p.m., Mountain Time, at 1-800-788-2632 (toll free).