Ameritrade Best CD Rate for a 3 Month CD

Ameritrade is offering one of the best CD rates for a 3 month certificate of deposit. The current CD rate is 2.97% with an annual percentage yield of 3.00%.

You’ll  have to hurry to take advantage of this offer since the promotional CD rate is available until March 25th, 2009. You have to open a new account and deposit $25,000 or more in new assets - money not currently deposited with Ameritrade. The maximum amount you can open a CD account with is $250,000.

This offer is for a brokered certificate of deposit, which works differently than a CD offered directly from a bank. Should you choose to sell your CD prior to maturity, you should know that brokered CDs sold prior to maturity may result in loss of principal due to fluctuation of interest rates, lack of liquidity, or transaction costs.