Allstate CD Rates
You are in good hands with Allstate CD rates. Allstate Bank is a wholly-owned subsidiary of the Allstate Corporation, the country’s largest publicly held personal insurance company. Allstate Corporation owns Allstate Insurance Company and Allstate Financial Group, which is comprised of America’s 17th largest life insurance business as well as businesses in that market annuities, savings, and financial services products through licensed financial professionals.
Allstate Bank works with Allstate Insurance Company and Allstate Financial Group to bring innovative products and services to the marketplace. At present, Allstate Bank offers a variety of short term and long term regular CDs to help you find a product that achieves your financial goals. Their IRA CDs carry the same benefits as their regular CDs but include tax benefits. In a Traditional IRA, your money grows tax-deferred. In a Roth IRAs, it grows tax free.
For regular CDs and IRAs, there is a minimum $1000 required to open for personal accounts; $10,000 minimum deposit for non-personal accounts. There are no additional deposits allowed until maturity but you can withdraw monthly interest without penalty. Renewal is automatic and there is a 14-day grace period to make changes and or add funds to your account.
The 30 days CD has an APY of 0.50%. The 90 days CD has an APY of 0.75%. The 6 months CD has an APY of 0.90%. The 1 year CD has an APY of 1.30%. The 2 years CD has an APY of 1.45%. The 3 years CD has an APY of 1.75%. The 5 years CD has an APY of 2.40%. Interest is compounded daily and credited monthly. These CD rates are current from their website 2/2/2010.
Contact a local Allstate agent or visit their website for more details on Allstate CD rates.