Sovereign Bank Save & Invest CD Package
Save and Invest CD Package." The package includes a 6 month certificate of deposit that currently has a CD rate of 1.98 percent with an annual percentage yield (APY) of 2.00 percent.
Search for the Best CD Rates at CDRates.MonitorBankRates.com
The 6 month CD rate is one of the best CD rates available if not the best at any bank or credit union. The bank's 6 month CD interest rate is almost three times the national average CD rate of 0.69 percent.
The special promotional CD rate and package is only available until June 4, 2010. You'll have to visit a Sovereign Bank branch to open a Save and Invest CD Package.
The Save and Invest CD Package also includes a 36 month certificate of deposit that provides you with the opportunity to earn a higher rate of return than a traditional CD, depending on the performance of the S&P 500 Index.
Your CD principal is 100% guaranteed but you can earn a lot more than a traditional certificate of deposit if the S&P 500 increases over the 36 month period.
For more information about Sovereign Bank's Save and Invest CD Package go to sovereignbank.com.