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ableBanking CD Rates and Bank Review
 

ableBanking CD Rates and Bank Review

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A relatively new entry to the scene of offering online CD rates is Able Banking which is offering the traditional certificate of deposit terms available with some of the highest CD rates around. In addition to offering very competitive bank CD rates ableBanking will also donate $25 to the charity of your choice (501c3 organizations only) when you open a certificate of deposit account.

ableBanking CD Rates and Bank ReviewAbleBanking donating to charity when you open an account isn't one time deal. The bank also donates more money to your charity by giving 0.25 percent of your average balance every year on your "ableAnniversary". The bank donates their own money, not your money.

I mentioned that ableBanking CD rates are very competitive, to show you how competitive rates are the bank's current 12 month CD rate is at 1.00 percent with an APY of 1.00 percent. The best CD rates on 1 year certificates of deposit on our rate list are at 1.10 percent with an APY 1.11 percent. This puts ablebanking CD rates in the top 10 1 year bank CD rates on our rate list.

If you combine the percentage (0.25) amount of money that is donated to charity along with what current ableBanking CD rates of 1.00 percent the bank's CD rates would come out on top of our list. So giving a percentage of your interest earning to charity is a noble thing to do, especially these times when so many people are hurting.

The bank's shortest term certificate of deposit, 6 month, also has one of the highest CD rates at banks available right now. Current 6 month CD interest rates are at 0.75 percent with an APY 0.75 percent. That rate is better than most 1 year CD bank rates available today.

CD Rates ableBanking



  • 6 Month CD Rates 0.75% APY 0.80%

  • 1 Year CD Rates 1.00% APY 1.00%

  • 2 Year CD Rates 1.14% APY 1.15%

  • 3 Year CD Rates 1.29% APY 1.30%

  • 4 Year CD Rates 1.48% APY 1.50%


Regarding the bank's charity work you can see this video to learn more about it:



Opening a certificate of deposit account at ableBanking is quick and easy: You can open an account online at the bank's website here: ableBanking Account Application. To see how this bank's CD rates compares to other bank CD rates available feel free use our rate tables.

Author: James Martin
September 23rd, 2012