Beal Bank Certificates of Deposit

Beal Bank, headquartered in Plano, Texas, is offering certificates of deposit with terms ranging from 1 month to 5 years. When you compare their rates with other banks, their shorter term certificate of deposit rates are better deals than their longer term CD  rates.

The bank's best CD deal is on their 1 month certificate of deposit. The current rate and APY is 0.61 percent. That rate and yield is better than the 3 month national average rate of 0.48 percent.

Their longer term CD rates aren't that great. All their certificates of deposit from 18 months to 60 months all earn a rate and yield of 1.26 percent. You should probably stick to shorter term CD rates at Beal Bank and all banks since interest rates are heading higher in 2010.

Here is a list of current CD rates and CD yields from Beal Bank:

• 1 Month  0.61% rate 0.61% APY
• 2 Month  0.61% rate 0.61% APY
• 3 Month  0.61% rate 0.61% APY
• 6 Month  0.76% rate 0.76% APY
• 9 Month  0.76% rate 0.76% APY
• 1 Year 1.06% rate 1.06% APY
• 18 Month 1.26% rate 1.26% APY
• 2 Year 1.26% rate 1.26% APY
• 2 1/2 Year 1.26% rate 1.26% APY
• 3 Year 1.26% rate 1.26% APY
• 4 Year 1.26% rate 1.26% APY
• 5 Year 1.26% rate 1.26% APY

All certificate of deposit accounts have a minimum opening balance of $1,000. Accounts are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.

Visit Beal bank for more information: BealBank.com.