AARP Financial Savings Center CD Rates

AARP Financial Savings Center provides a safe, convenient and secure solution for your savings. It is providing FDIC insured Certificates of Deposits (CDs) through Reliance Trust Company. Reliance Trust Company is participating in the Certificate of Deposit Account Registry Service® (CDARS) program which places your CDs in a network of more than 1,600 banks and gives you FDIC coverage amounting up to $5 million per depositor. CDARS program enables you to place your funds in CDs at the maturity into network member banks of your choice. You get one interest rate on maturity of your CDs even though your CD investments are placed in one or more network banks.

AARP ensures advanced security features for your money, identity and online transactions. You can open Certificates of Deposit account with AARP. You can earn a higher interest rate for the money you leave in your account for a time period varying from 3 months up to 5 years. Below given are the latest rates for all CDARS CD terms:
13-Week:
– With a balance between $500-$19,999 you earn an interest of 2.88% with 2.92% APY. Minimum $500 required to open this account.
– With a balance between $20,000-$99,999 you earn an interest of 2.98% with 3.02% APY. Minimum $20,000 required to open this account.
– With a balance of $100,000+ you earn an interest of 3.03% with 3.07% APY. Minimum $100,000 required to open this account.

26-Week:
– With a balance between $500-$19,999 you earn an interest of 3.13% with 3.18% APY. Minimum $500 required to open this account.
– With a balance between $20,000-$99,999 you earn an interest of 3.23% with 3.28% APY. Minimum $20,000 required to open this account.
– With a balance of $100,000+ you earn an interest of 3.28% with 3.33% APY. Minimum $100,000 required to open this account.

52-Week:
– With a balance between $500-$19,999 you earn an interest of 3.13% with 3.18% APY. Minimum $500 required to open this account.
– With a balance between $20,000-$99,999 you earn an interest of 3.23% with 3.28% APY. Minimum $20,000 required to open this account.
– With a balance of $100,000+ you earn an interest of 3.28% with 3.33% APY. Minimum $100,000 required to open this account.

2-Year (104-Week):
– With a balance between $500-$19,999 you earn an interest of 3.38% with 3.43% APY. Minimum $500 required to open this account.
– With a balance between $20,000-$99,999 you earn an interest of 3.48% with 3.54% APY. Minimum $20,000 required to open this account.
– With a balance of $100,000+ you earn an interest of 3.53% with 3.59% APY. Minimum $100,000 required to open this account.

3-Year (156-Week):
– With a balance between $500-$19,999 you earn an interest of 3.43% with 3.48% APY. Minimum $500 required to open this account.
– With a balance between $20,000-$99,999 you earn an interest of 3.53% with 3.59% APY. Minimum $20,000 required to open this account.
– With a balance of $100,000+ you earn an interest of 3.58% with 3.64% APY. Minimum $100,000 required to open this account.

5-Year (260-Week):
– With a balance between $500-$19,999 you earn an interest of 3.73% with 3.79% APY. Minimum $500 required to open this account.
– With a balance between $20,000-$99,999 you earn an interest of 3.83% with 3.90% APY. Minimum $20,000 required to open this account.
– With a balance of $100,000+ you earn an interest of 3.88% with 3.95% APY. Minimum $100,000 required to open this account.
*All the above rates are accurate as of 15 May, 2008.

Features of AARP CD Offering:
– CDs are insured by FDIC (coverage up to $5,000,000 available).
– CDs have fixed interest rates.
– CDs have higher interest rates as compared to other savings accounts.
– CDs require a minim deposit to open an account.
– CDs have early withdrawal penalties.
– CDs do not allow balance transfers.
– CDs do not allow checks to be written against this account.

To yield the benefits of a CD account you may apply now at this page: http://www.aarpsavings.com/enroll.aspx
To clarify any of your queries you may call at 1-866-421-5806.