E-Loan CD Rates

May 21, 2010

Our blog is dedicated to help you make the right decisions when it comes to your money. We believe that financial decisions backed by good knowledge and information will always be successful. This is the reason we are providing a review of the top CD rates in the market and in this series, we will be discussing the E-Loan certificate of deposit rates. This article will focus on the salient features and the rates of E-loan CDs.

E-loan offers many savings products and their CDs are one of their popular products. They have many flexible period options that you can choose from. The minimum opening balance for all CDs is $5,000. All their savings products are insured by FDIC and so there is no need for you to worry about the safety of your money. So, relax and enjoy the good interest rates offered by this bank.

The current E-loan CD rates for a period of 1 month is 0.25% for all balances and the rate for a period of 2 months is 0.30%. The bank CD rates for a 3 month period is 0.40% while for a 6-month period, the rates are 0.55%. For a 9-month CD, the rates are 0.65% and for a 1year CD term, the rates are 0.85%. The rates for a 18 month CD are 1.15%, 2 year CD is 1.50%, 3 year CD is 1.75%, 4-year CD is 2.05%, 5 year CD is 2.50% and a 6 year CD is 2.60% respectively. These rates are for any amount that you invest in the CD.These rates are reasonably competitive in the current market conditions and you can definitely consider this as one of the avenues of investment.

Posted in ELoan CD Rates