Sovereign Bank CD Rates continues to offer a number of promotional CD rates along with their standard term bank CDs. Sovereign Bank provide opportunities for short term savings as well as long term investing with longer maturity CDs and bank IRA CDs. The banks CDs have flexible terms that range from 30 days to 10 years with an array of CD interest rates to choose from.
Sovereign Bank is currently offering a rising rate CD that allows the account holder the option to adjust the CD interest rate once within the CD’s term.
The 1 year term rising rate Sovereign Bank CD rate is 0.55% for balance of $10,000.00 to $49,999.00.
The 2 year term rising rate Sovereign Bank CD rate is 0.74% for balance of $10,000.00 to $49,999.00.
The 3 year term rising rate Sovereign Bank CD rate is 1.25% for balance of $10,000.00 to $49,999.00.
CD rates for this product may be higher with higher balances or if the account holder also holds a Sovereign Bank Premier Checking account or Business Owner Premier Checking accounts.
Sovereign Bank is also now promoting a 3 year CD that has a rate of 1.75% when combined with the bank’s Premier Checking account. There is a rather substantial $50,000.00 minimum balance required. The bank also offers this promotion with a 5 year term CD that has an interest rate of 2.70%.
Sovereign Bank CD rates are current as of this publication date and are subject to change. All bank CDs require bank approval and additional conditions may apply. For more information on Sovereign Bank CDs and CD rates call the bank directly at 877-768-2265.
Sovereign Bank offers a broad range of savings options including the bank CDs and bank IRA CDs. The bank savings vehicles can be used for short term savings as well as long term investing or to help meet objectives such as saving for college tuition, buying a vacation home or retirement. To find out which bank savings products is best for your needs; consider your liquidity needs, investment goals and time horizon.