The progress and development is giving a new shape to this dynamic world. Gone are the days when banking was only constraint to the depositing and withdrawing of funds. Now the word ‘bank’ has manifolds and has become an elaborative term. It is referred to as an institution which borrows money from one strata of society and again lends it to other strata for interest and profit.
Around 116 years ago a very competitive bank came into existence with the name of ‘NOVA BANK’. It operates as a Pennsylvania State Chartered Saving bank. It is also subject to regulations of Federal Deposit Insurance Corporation (FDIC). It provides personal & business banking services, financial planning & wealth management services. To get a clearer picture of its deposit products lets discuss its Certificates of Deposit in detail.
CERTIFICATES OF DEPOSIT
This strategy offers competitive rates of interest on the deposited hard money of its clients which are explained below:
3 months CD earns 2.37% interest, 2.40% APY.
6 months CD earns 2.96% interest, 3.00% APY.
9 months CD earns 2.96% interest, 3.00% APY.
12 months CD earns 3.44% interest, 3.50% APY.
18 months CD earns 3.68% interest, 3.75% APY.
24 months CD earns 3.68% interest, 3.75% APY.
36 months CD earns 3.68% interest, 3.75% APY.
48 months CD earns 3.68% interest, 3.75% APY.
60 months CD earns 4.16% interest, 4.25% APY.
@ Required Minimum Balance is $500.
@ Minimum Term is of 1 Month.
Nova bank very well knows the value of your money earned through toil and keeping this feeling in mind it has put this fruitful scheme in practice. It offers a fixed rate of interest on the savings for as short as 3 months and as long as 5 years.
So, it is very well depicted from the discussion that the rates of interest keep going higher as the time period of the savings goes higher. It is nicely said that the liquor kept for longer period of time tastes better than the fresh one and this scheme also aims at bringing good taste to you in the longer run or at a long span of time.
For further information call (877) 482-2650 or email info AT novasavingsbank.com.