Sovereign Bank CD Rates

Sovereign Bank is advertising their special promotional Save and Invest Certificate of Deposit Package.  The Save and Invest CD Package includes a 6 month certificate of deposit and a 36 month certificate of deposit.  The special promotional CD rate and package is only available until June 4, 2010. You’ll have to visit a Sovereign Bank branch to open a Save and Invest CD Package.

Looking for the best CD rates at banks and credit unions? Use our CD rate tables at CDRates.MonitorBankRates.com to find highest CD rates in your area.

Their current 6 month certificate of deposit rate is one of the highest CD rates available today. The current 6 month CD rate is 1.98 percent with an annual percentage yield (APY) of 2.00 percent. That rate is higher than the current national average 6 month CD interest rate of 0.697 percent.

The 36 month certificate of deposit give you an opportunity to earn a higher rate of return than a traditional certificate of deposit. The 36 month certificate of deposit performance is based on the performance of the S&P 500 Index.

Your CD principal is 100% guaranteed but you can earn a lot more than a traditional certificate of deposit if the S&P 500 increases over the 36 month period.

Current Sovereign Bank CD interest rates and more information about their Save and Invest CD Package can be found at sovereignbank.com