Sovereign Bank continues to offer competitive interest rates with certificate of deposit specials. The following are the bank’s current cd rates:

18 months       1.15% APY
3 years             1.35% APY
5 years             2.15% APY

This certificate of deposit deal is offered nationwide. All you need to do to enjoy this best interest is to deposit a minimum of $500 to open an account. The bank only allows you to withdraw funds when the account matures, or else you will be charged with an early withdrawal fee. The interest rate of this top certificate of deposit may change any time, so make sure to ask the bank for the latest CD rates.

Once this best certificate of deposit matures, the bank will automatically renew your account. You do not have to worry since the bank will give you time to decide if you still want to continue or just withdraw your money with no penalties.

You may apply thru the bank’s website and complete the application form. You also need a copy of your IDs since the bank will be requesting for a proof of identity. If you still have questions with regard to application or account specifics you may call first the bank’s customer service thru 877-768-2265.

You can also drop by one of Sovereign Bank’s offices located in the states of Rhode Island, Pennsylvania, New York, New Jersey, New Hampshire, Maryland, Massachusetts, and Connecticut.

Sovereign Bank has been serving its customer since 1907. Currently, they have grown to have over $75.7 billion in declared assets and also known to be one of the largest banks in the nation. The bank is also insured by the Federal Deposit Insurance Corporation with certificate number 29950.