Here at Peak Personal Finance, we like to keep you up to date on the latest information for maximizing your financial life. Targeted savings plans, like a certificate of deposit account, are a part of that. Let’s look at E-Loan CD rates today.
CD rates at E-Loan are divided into two categories. The company offers better APY for investments greater than $10,000 while rates are lower for investments below this benchmark. E-Loan also offers the standard CD rates on investments that are tenure-based, ranging from one month to six years.
The best CD rates at E-Loan are currently available for a 6-year CD; it returns an APY of 2.60% if the investment is at least $10,000. A 5-year CD returns an APY of 2.50% whereas a 4-year CD returns 2.05%.
E-Loan CD rates for an investment of three years return an APY of 1.75% whereas a 2-year investment returns an APY of 1.50%. An 18-month CD returns an APY of 1.25%.
E-Loan certificate of deposit rates for an investment of one year return an APY of 1.00%. A 9-month CD returns an APY of 0.85% and an investment in 6-month CD will yield 0.75%. A 3-month CD at E-Loan will return an APY of 0.40%. An investment of two months will yield 0.30% whereas a one month CD returns an APY of 0.25%.
Minimum investment required for E-Loan CD is $10,000. This is relatively a higher amount as compared to other companies that do not ask for thousands of dollars. Nevertheless, E-Loan offers some of the best CD rates in the market. The bank applies penalties and deductions in case of early withdrawals and other rules of banking are also applicable on these certificates.
