Sugar River Bank is a community based, full service bank headquartered in Newport. Sugar River Bank offers a number of deposit products including bank CDs and IRA CDs. Fortunately for CD rate shoppers in NH, the market is better than the rest of the nation. The banks in the major metropolitan areas of New Hampshire are offering some of the most competitive CD rates available anywhere. Of course, not all banks offer the best CD rates in NH, but the market average exceeds the national average and Sugar River Bank CD rates in NH are competitive with their peers.
Sugar River Bank CD accounts are available with terms or maturities that range from six months to five years. The bank CDs have competitive rates and require a low minimum balance to open and maintain the account. Sugar River also offers a wide variety of individual retirement account CDs. The terms on the NH IRA CDs promoted by Sugar River Bank range from one year up to five years.
In addition to the traditional CD products, Sugar River Bank markets a special bump up CD. The bank refers to the CD as a premium CD. The CD has a two year term that has a fixed interest rate for the first year. After the first year, the rate may increase if the current two year CD rate is higher than the original CD rate at the end of the first year. If the rate is higher, the rate on the premium CD will automatically adjust to the current higher rate. If the interest rate on the current CD is lower at the end of the first year, the initial CD interest rate will remain in effect. This account requires the account holder to maintain a premium checking account with the bank.
Current NH CD rates offered by Sugar River Bank include the following terms and rates:
A six month CD rate in NH is at 0.41 percent.
One year CD rates are 0.57 percent.
Two year CDs have an interest rate of 0.95 percent.
Three year CD rate is 1.32 percent.
Four year term CDs have a rate of 1.34 percent.
The longest term, five year CD rate is 2.03 percent.
The minimum deposit amount for these bank CDs is $500.00. All NH CD rates listed are current as of this publication date but are subject to change at any time. CD rates may be frequently updated. A penalty for early withdrawal on the listed certificates of deposit may be imposed by the bank. Additional conditions may apply to open the bank CDs and receive the listed interest rate.
While some readers may not be terribly impresses with the CD rates in NH, a quick comparison to the national average posted by the FDIC will show just how favorable they are. The FDIC January 23, 2012 release indicates the national average 6 month CD rate is 0.021 percent, the one year CD rate is 0.33 percent, the two year CD rate is 0.53 percent and the five year CD rate is a meager 1.20 percent. The CD interest rates listed are the average of rates paid by U.S. depository institutions as calculated by the FDIC.
For the latest information on current NH CD rates offered by Sugar River Bank, or to answer any questions about the bank’s products and services, a Sugar River Bank representative can be reached at 800-562-3145. The bank website can be located at sugarriverbank.com.
Optima Bank & Trust Company is a state chartered community bank in New Hampshire that offers a variety of financial services including competitive CD rates in New Hampshire. Optima Bank & Trust is a commercial bank that is locally owned and managed. The bank opened for business in January 2008 and is based in the Portsmouth, NH Seacoast area.
Optima Bank & Trust offers both personal and commercial banking services. Optima Bank & Trust offers a wide range of deposit accounts and lending products for consumers along the Seacoast. The bank does not suffer from poor performing legacy loans found at many large banks and therefore provides a safe and sound place for customers’ deposits and the bank is actively lending money to area businesses and homeowners.
Savings and deposits products promoted by Optima Bank & Trust include: personal money market accounts, checking and savings accounts interest bearing checking accounts, certificates of deposit, Individual Retirement Accounts as well as fiduciary escrow accounts.
Optima Bank & Trust also offers a complete range of online banking services. Online banking offers secure access to account information, online bill payment, email statements and interactive data transfers to Quicken®, QuickBooks® and Microsoft® Money products. Additional convenient account access features include telephone banking and ATM access also provides easy access to account funds and information.
Optima Bank & Trust CDs and CD rates in New Hampshire can be obtained with a minimum deposit to open of $1,000.00. The bank CD interest earned is compounded daily and credited monthly. Interest payment methods for the NH bank CDs includes adding the interest to the CD account balance, depositing the accrued interest to a checking or savings account by ACH transfer or check.
Current NH CD rates and terms offered by Optima Bank & Trust include:
7-89 day bank CD with an interest rate of 0.50%
90 day CD rate of 0.75%
6 month NH CD rate of 1.00%
1 year CD rate in NH of 1.25%
18 month CD interest rate 1.50%
2 year bank CD rate 2.00%
3 year NH CD interest rate 2.10%
4 year CD rate is 2.50%
CD rates in New Hampshire offered by Optima Bank & Trust are subject to changes and bank approval. Additional conditions may apply to open these bank accounts. There may be a penalty for early withdrawal. Optima Bank & Trust has custom CD terms available.
For current CD rates and account information a bank representative can nbe contacted directly at 603-433-9600.