Banesco BaneSmart CD Rates: 4.60% APY 12-Month, 4.50% APY 18-Month Term (Nationwide)

Find the latest Banesco CD Rates, Offers, and Promotions here.

Best CD Rates: BaneSmart CDs, 6-month(4.55% APY), 12-month (4.60% APY), 18-month (4.50% APY), $1.5k min deposit online, $1k min deposit in-branch, new money required.

Availability: Nationwide through online application.

Easy Membership: Headquartered in Coral Gables, Florida, Joining Banesco is available to all U.S. citizens and resident aliens, 18 years or older, who have a valid Social Security number, a physical U.S. address, and a U.S. mailing address.

Credit Inquiry: Unknown

About Banesco CD Rates

Banesco USA was founded January 10th, 2006 to offer banking services and solutions to business owners, their families, and consumers within the communities we serve. Their mission is to provide the best and safest banking experience protected by the latest technology to make banking more convenient to our customers. Their team of dedicated and experienced relationship bankers are committed to offering their  customers the personalized service they deserve.

Banesco offers a vast array of products including CD options for all of your specific financial needs. From checking and savings account to loans and CDs, you are bound to find one that works for you.

*The above rates are accurate as of 03/17/2023*

Banesco CD Rates

CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer a term, the higher APY rate you make.

With an opening deposit of $1,500, you can invest in a Banesco BaneSmart CD account to maximize your earnings. Compare their offers now to find the solutions that fit best with your savings goals. Be sure to also check out the CD rates below to potentially find even better rates for you!

• Minimum deposit: $1,500 online, $1,000 In-Branch
• Maximum deposit: $250,000
• Early withdrawal penalty: For a term of greater than 31 days to less than or equal to 365 days, the penalty is 90 days of interest.

(FDIC Insured)

Important Details for Banesco CDs

• Funding – ACH transfer from a checking or savings account at another financial institution. Funding must be done at the time of account application.
• Maturing Funds – ACH transfer to the originating account or transferred into an existing Banesco checking or savings account.
• Dividends – compound and are credited monthly, quarterly, semi-annually, or at maturity (owner’s choice). Earned interest can be withdrawn once it is credited without penalty.
• Grace Period – 10 calendar days before automatic renewal.
• Beneficiaries – unlimited, percentages, Social Security numbers required.

Banesco CD Features

• Online Banking
• Earns Interest at a Competitive Rate
• FDIC Insured

Bottom Line

All you need to do is to pick your CD term, and have a minimum opening deposit of $1,000 to qualify for this fantastic bonus.

This is ideal for accounts like Certificate of Deposits. Though the rates are worth checking out, be sure to still compare them with the nation’s best using our guides: CD Rates | Savings Rates.

*While Banesco does have competitive rates compared to traditional banks, I still recommend you take a look at Discover Bank Promotions here

This is a great opportunity to invest in a high-interest CD with a low balance from Banesco. However, you may want to compare them with our best CD Rates:

• 6-Month CD Rates
• 9-Month CD Rates
• 12-Month CD Rates
• 18-Month CD Rates
• 24-Month CD Rates
• 36-Month CD Rates
• 48-Month CD Rates
• 60-Month CD Rates

Be sure to apply as soon as you can to start your new account experience and start earning higher rates. Check back often for the latest Banesco CD rates!

Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.