Sovereign Moves Up In 5-Year CD Rates
Sovereign Bank has moved way up in our rankings of the best 5-year CD rates.
The east coast bank owned by Spanish financial giant Santander is now paying 3.15% APY on 60-month certificates of deposit with a minimum deposit of only $500.
That becomes the second-best nationally available return, right behind the 3.29% APY offered by Melrose Credit Union.
How you buy a Sovereign CD depends on where you live.
Residents of the eight states where Sovereign has more than 700 branches — Rhode Island, Pennsylvania, Connecticut, Maryland, Massachusetts, New Hampshire, New York and New Jersey — can apply online.
If you live outside of those states, you must call a personal banker at 877-768-2265 to set up your account.
Compare these returns with the best CD rates from scores of other banks in our extensive database.
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