Online Bank Reviews Best Banks 2011 » Nexity Bank CD http://banktruth.org Best Banks Bank Reviews Best Rates Sat, 04 Feb 2012 11:00:09 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 CDs at Nexity Bank double national average http://banktruth.org/best-cd-rates/cds-at-nexity-bank-double-national-average/ http://banktruth.org/best-cd-rates/cds-at-nexity-bank-double-national-average/#comments Thu, 27 May 2010 05:18:40 +0000 AccountReviewer http://banktruth.org/?p=1026 Nexity Bank not only offers higher percentage rates on their best CDs, but the six month term APY is double that of the national average. The national average sits at 0.50%APY for six months, but at Nexity, that APY towers at 1.21% APY. And unlike many other banks that require a minimum of $10,000, the minimum deposit for Nexity is $1,000. And Nexity doesn't just offer low minimums, but also is consistent across the board. Their APY doesn't change, even when you deposit more than $50,000. The rates stay the same. So, if you are looking for something to stash a lot of money into, this bank offers the same APYs to ยป Read more
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]]> Nexity Bank not only offers higher percentage rates on their best CDs, but the six month term APY is double that of the national average. The national average sits at 0.50%APY for six months, but at Nexity, that APY towers at 1.21% APY. And unlike many other banks that require a minimum of $10,000, the minimum deposit for Nexity is $1,000. And Nexity doesn’t just offer low minimums, but also is consistent across the board. Their APY doesn’t change, even when you deposit more than $50,000. The rates stay the same. So, if you are looking for something to stash a lot of money into, this bank offers the same APYs to all of its CD owners.

Something else that is unique to Nexity Bank is the fact that they offer one month terms. That’s right!!! 1 month! However, this only applies for those CD’s with terms less than 12 months. Nexity pays you one month interest when your CD matures. When a CD’s term is longer than a year, you will gain that interest annually. Interest is still compounded daily, but you won’t receive it until your CD’s term has ended.

If you have any questions about what the rates look like for 30 days, 3 month, 6 month, 9 month, 12 month, and 24 month CDs take a look at Nexity Bank’s organized chart ,which also includes some of the national averages.

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Nexity Bank is FDIC insured.


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