Current CD Rates of Webster Bank for the 7-month CD Promo at 2.75% APY
The Webster Bank pushes for their 7-month certificate of deposit special expected to last until the end of April 2009. The highest CD rates of 2.75% APY can be enjoyed by accounts with a minimum balance of $5000.
The money in the bank deal requires new funding coming outside of Webster. The top cd rates can be enjoyed if an individual opens an account through April 30, 2009.
Like a similar best cd rates offering in October of 2008, this current certificate of deposit rates can be enjoyed by interested consumers from any state. According to the bank, they do not perform a hard credit pull upon application.
An online application can be clicked on the bank’s website. A new account packet will be sent by Webster Bank to the applicant. The applicant must accomplish the signature card and send it back to the bank together with a photocopy of his or her driver’s license or any valid ID. The check for initial funding must also be mailed back to the bank.
Webster Bank has branches in Massachusetts, Connecticut, Westchester County in NY, and Rhode Island. It will also be wise to inquire about early withdrawal penalties which may be imposed by the bank.
BauerFinancial have issued a 3 star rating for the bank when it reviewed its financial soundness.
The bank has assets amounting to around $17.4 billion. Webster Bank is insured with the FDIC through certificate # 18221.
