CD Rates at Solera National Bank
Solera National Bank which is a small local bank headquartered in Lakewood, Colorado, is offering several different types of certificate of deposit accounts. Solera National Bank CD rates are not the best CD rates around but the bank CD rates are competitive.
The three types of certificates of deposit at Solara National Bank include their Cornerstone Fixed Rate Certificates of Deposit, Step Up Certificates of Deposit and OpportunityVariable Rate Certificates of Deposit.
Step Up Certificates of Deposit and Opportunity Variable Rate Certificates of Deposit have interesting features which make these certificates of deposit unique and different from the bank's regular certificates of deposit.
The highest CD rates right now at Solara National Bank are on 5 year Cornerstone Fixed Rate Certificates of Deposit. The current Cornerstone CD rate on 5 year CDs are at 1.50 percent with an annual percentage yield (APY) of 1.50 percent.
As i mentioned above Solera's CD rates are not the highest CD rates around since you can open a 3 year CD at CIT Bank at 1.41 percent with an APY of 1.42 percent.
Cornerstone Fixed Rate Certificates of Deposit
The minimum opening deposit on the Cornerstone Certificates of Deposit is $1,000. Additional deposits into the Cornerstone CDs isn't permitted which isn't unusual. Though you can add addition monies into the IRA CD account.
Step Up Certificate of Deposit
The Bank's Step Up Certificates of Deposit are variable rate CDs and you may increase (step up) your CD rate one time during the term of the certificate of deposit to the prevailing rate.
Opportunity Variable Rate Certificate of Deposit and IRA CDs
The bank's Opportunity Variable Rate Certificates of Deposit are also variable rate accounts. Additional deposits to the Variable Rate products are permitted during the term. The minimum opening deposit is $1,000 and $500 or IRA accounts.
For a list of today's CD rates at Solera National Bank's or to open an account go to: Solera National Bank.
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