In a branch, a depositor can sign CD documents and initiate a CD in person, and can often get it done faster Many find opening CDs at local bank is often easier than online. If rates are falling, then it makes sense to put money into a longer-term instrument to lock-in a higher rate. In general, if rates are rising, it makes sense not to lock up money for an extended period of time. The extra rate is worth the extra time commitment. As a result, a depositor should think about whether While two year CDs commit a person to locking their money in for double the time of a 12 month CD, the rate is not double.

All two year CDs shown on BestCashCow are FDIC insured. The consumer should consult a tax adviser for further information regarding the deductibility of interest and charges.Two year CDs, also know as 24 month CDs are an intermediate term product that commits a depositor to keeping their money in the bank for 24 months in return for a fixed rate The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for federal income tax purposes. The above listed payments do not include amounts for taxes and insurance premiums, if applicable, and your actual payment may be higher.

***The above listed rates are for principal residence only. Travel Trailers, Motor Homes, Boats, Motorcycles, SnowmobilesĮxample payment on $10,000 at 7.25% for 5 years – $199.22 per monthħ.25% rate is lowest available rate – not to be combined with any other discounts or offers.Įxample payment on $1,000 at 9.50% for 3 years – $32.04 per monthĬontact the Credit Union for more information Travel Trailer, Motor Home, Boat, Motorcycle & Snowmobile Loan Rates effective as of NovemNew & Used Automobile LoansĮxample payment on $10,000 at 6.99% for 5 years – $198.03 per monthĦ.99% rate is lowest available rate – not to be combined with any other discounts or offers. All dividends and interest are paid monthly and are based on average daily balance.Īverage daily balance of $10,000 – $49,999Īverage daily balance of $50,000 -$99,999 There could be a penalty for early withdrawal.

Jumbo CDs will receive an additional 0.10%.

Jumbo CD Rates available for 24 – 60 Month Certificate of Deposit for $100,000 or more

United bank wv ira cd rates