High CD Rates

Sovereign Bank CD rates on its 6 month CD and 12 month CD are pretty high CD rates.  Sovereign Online Banking offers a 6 month CD and a 12 month CD.  If you are looking for a short term CD, these Sovereign Bank CD rates are worth checking out.  is offering a great 12 month CD with a XX% interest rate.  This article will review the 12 month Sovereign Bank CD rates and the 6 month Sovereign Bank CD interest rates.

6 Month Sovereign Bank CD Rates

6 month Sovereign Bank CD Rates are currently being offered at a rate of 2.00%  APY. 2.00% APY on a 6 month CD is not a bad cd interest rate.  If you think that interest rates are going to improve within 6 months, these short-term cd rates are attractive.

12 Month Sovereign CD Rates

12 month Sovereign CD Rates are currently being offered at a rate of 2.50%  APY.  I have seen higher 12 month CD rates, but not by much.  For a one year CD, 2.50% APY cd interest rates are pretty good.

Sovereign Bank Minimum Deposits

Sovereign Bank has higher minimum deposit requirements than a lot of banks we cover here at High CD Rates.  Sovereign Bank is currently requiring a minimum deposit of $500 to purchase a certificate of deposit.

Sovereign Online Banking FDIC Insured CDs

Sovereign Online Banking is insured by the FDIC.  I would never purchase a certificate of deposit that was not covered by FDIC insurance.  If you are going to settle for the relatively low return on investment that CDs provide, you need to know that your money will be protected in the case of a bank failure.

Sovereign Bank Online offers great rates on its 6 month CDs and 12 month CDs.  However, CD interest rates are very volatile in todays banking marketing so be sure to check the Sovereign online banking web site.