2.05% APY on 9 Month CD, 2.30% APY on 12 Month CD – Daily Deal!

interest rates HSBC Bank is offering special, on-line only CD rates of 2.05% APY on 9 month CD’s and 2.30% APY on 12 month CD’s. Minimum opening balance is $1000.00. These CD rates may make sense as part of your overall CD ladder strategy.

How Does a CD Ladder Work?

A CD ladder is made up of several Certificates of Deposit which can all be opened at the same time or staggered, and have different lengths of maturity and interest rate yields. A Certificate of Deposit CD ladder can help you earn an even higher return on your savings over time as each step on the ladder represents a different CD term. For example, a long term CD ladder could include 12, 24, 36, 48 and 60-month term CDs. Comparitively, a less aggressive CD ladder can consist of shorter terms – for example, a 6, 12, 18, 24 and 30-month ladder which keeps your money more readily available. Learn about CD Ladders here.