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Ascencia Bank Certifiates of Deposit (CD) Account

They believe that the future of Banking is Online Banking. Ascencia has been established as an Internet bank in February 1999 and its growing customer base is a testimony to the quality of service being provided. Today the adaptation of technology is increasing with every passing day. Most of the banks are operating only online with full security and easy access.

Ascencia bank had been launched by Porter Bancorp, Inc., the entity that was formed in 1996. Ascencia has become one of the most successful online banks in the industry. It provides quality banking services, great rates and satisfactory customer service. You can open a Certificate of Deposit account with them to enjoy the high yielding rates. Following is a brief of the interest rates along with the APYs as offered for different maturity periods:

6 Month CD
– With a balance varying between $500 to $100,000 you earn interest at the rate of 3.60% with 3.66% APY.

1 Year CD (12 Months)
– With a balance varying between $500 to $100,000 you earn interest at the rate of 3.88% with 3.95% APY.

2 Year CD (24 Months)
– With a balance varying between $500 to $100,000 you earn interest at the rate of 3.80% with 3.87% APY.

2.5 Year CD (30 Months)
– With a balance varying between $500 to $100,000 you earn interest at the rate of 3.90% with 3.97% APY.

3 Year CD (36 Months)
– With a balance varying between $500 to $100,000 you earn interest at the rate of 3.90% with 3.97% APY.

5 Year CD (60 Months)
– With a balance varying between $500 to $100,000 you earn interest at the rate of 3.90% with 3.97% APY.
* The above APYs are accurate as of 5/16/2008.

Features of CD Account:
@ Minimum deposit of $500 is required.
@ Your funds are FDIC insured.
@ Interest is compounded monthly.
@ The limit of amount and number of CDs from one entity can be reserved by Ascencia.
@ Early withdrawals may have penalties.

Now you can start enjoying great rates without any delay. Apply Now for a CD account.

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