The CD interest rate on this certificate of deposit goes up 1% each year for 3 years.

Innovative “StepUp” plan from Darby Direct is like having a CD Ladder built into your CD rate.

Georgia based Darby Direct has a really unique program that helps to protect you by building in a rate escalator into the CD Rate on their 3 year “StepUp” program.  Here’s how it works:

• 500 minimum deposit and balance required to earn stated Annual Percentage Yield (APY).
• The initial rate at account opening is 3.0% APY. Subsequent rate changes are as follows:
  • On 8/15/2010 the rate will adjust to 4.0% APY
  • On 8/15/2011 the rate will adjust to 5.0% APY.
• Annual Percentage Yields will change only on the dates specified in this disclosure.
• Substantial penalty for early withdrawal – one year of interest.
• Fees may affect earning on this account.

The offer appears to be available to Georgia residents only – best to call if you are from out of state to see how you can participate.

Darby Direct is an online division of Darby Bank. Their online savings account offers higher rates than those you might get in a Darby banking center. FDIC-insured. Darby Bank has been in business for over 80 years, headquartered in Georgia, with over $750 million in assets. Darby Bank serves individuals and businesses in Vidalia, Savannah and surrounding communities through a network of 7 banking centers.

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3. 2.46% 1 Year CD Rate from Ally Bank – Daily Deal!
4. 4.07% CD Rate on 18 month CD up to $25,000 – Daily Deal
5. 3.00% 3 Year CD Certificate of Deposit Rate – Daily Deal

Tagged as: 2009 CD Rates, bank cd, Bank Deals, cd, CD Ladder, certificate of deposit

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