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ableBanking CD Rates: Best Rate at 5.30% APY 12-Month CD

ableBanking is offering several certificates of deposit (CDs) but the best CD rates are on the bank's short-term CDs. Current ableBanking 6-month CD rates are at 5.00%, making it one of the top 6-month rates available on our rate list. 12-month ableBanking CD rates are slighter at 5.30% APY, also making into the top of our 12-month rate list. Both CD accounts have a minimum opening balance of $5000.

CD Rates As of 8/29/2023

  • 6-Month CD: 5.00% APY

  • 1-Year CD: 5.30% APY

  • 2-Year CD: 4.65% APY

  • 3-Year CD: 4.35% APY

  • 4-Year CD: 4.05% APY

    • Note: These rates are subject to change without notice. The APY assumes that the interest will remain on deposit until maturity.

    Additional Information

  • Minimum Opening Deposit: $5,000 in new money is required to open a CD account. New money is defined as funds not deposited with ableBanking in the previous 30 days.

  • Minimum Balance for APY: $0.01.

  • Early Withdrawal Penalty: Penalties will be imposed for withdrawing money before the CD term expires.

  • FDIC Insurance: Deposits are insured up to $250,000, combined with any other deposits held between ableBanking and Northeast Bank.

  • Not Available as an IRA.

    • Why Choose ableBanking CDs?

    ableBanking's CDs offer above-average APYs, making them a sound investment for those looking to earn more on their deposits. The flexibility in terms allows you to select a duration that fits your financial planning, while the guaranteed returns add a level of predictability to your investment. With FDIC insurance, your money is also safeguarded up to the maximum allowable limit.

    You can compare ableBanking rates with other rates to find the best CD rates available today.

     
    Author: Brian McKay
    October 6th, 2023

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