Are you looking to invest in a short-term CD with a high return? If so, you should check NewDominion Bank, which offers anyone in the US the chance to earn at a competitive rate of 1.75% APY on a 60-month online CD. According to the bank’s site, you can sign up for a new CD account within 10 minutes! NewDominion CDs are FDIC insured and earn higher rates than regular savings using fixed rates for added guarantee. With terms ranging from 3 months to 5 years, you can choose the term to fit your financial needs. CDs require a minimum opening balance of $1,000. Interest is compounded daily and paid monthly. When your CD matures it will automatically renew, making it easy for you to continue earning great interest!
Competitive Interest Rates. Low Balance Requirements. Earn on Every Dollar. Achieve your financial goals with superior products that offer great rates! Anyone can set a savings goal. Make the smart move to actually get there.
Give your goals a fighting chance with a strong savings tool. A CD provides added security with fixed rates over a pre-determined length of time. Simply pick your term for serious savings.
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Table of Contents
NewDominion Bank Account Info:
- Apply Now
- Account Type: Term CD Account
- APY Rate: 0.25% to 1.75%
- Availability: Nationwide
- Location: Nationwide (locator)
- CD Length: 3-60 months
- Credit Inquiry: Hard Pull or Soft Pull? Let us know.
- Opening Deposit: $1,000
- Additional Requirements: None
- Early Withdrawal Fee: A penalty may be imposed if you make a withdrawal of principal prior to the maturity date.
- Auto-Renewal: Yes, the account automatically renews at maturity.
NewDominion Bank CD Terms:
- 0.25% APY for a 3-Month CD
- 0.30% APY for a 6-Month CD
- 0.75% APY for a 9-Month CD
- 0.85% APY for a 12-Month CD
- 0.90% APY for a 13-Month CD
- 1.00% APY for a 18-Month CD
- 1.75% APY for a 24-Month CD
- 1.10% APY for a 30-Month CD
- 1.20% APY for a 36-Month CD
- 1.30% APY for a 48-Month CD
- 1.40% APY for a 60-Month CD
Special CD Rates
- 1.50% APY for a 23-Month Bump CD
- 1.75% APY for a 35-Month Bump CD
Why You Should Apply for This Account:
Extremely Easy to Open an Account: According to the site, it only takes 10 minutes to open an account. I imagine the requirements to open an account with NewDominion are similar to other banks. You will probably need to be a U.S. citizen or resident alien that is 18 years or older, and you probably need to have a U.S. address, a Social Security number, and a driver’s license or state-issued ID.
Flexibility: If you’re looking for a CD with a different term length, NewDominion offers CDs with terms that last between 3 months and 5 years.
Competitive Rate: At 1.00% APY, the 18-month CD account earns at one of the highest rates in the country for a short term CD. Interest is also compounded daily and credited monthly.
Low Minimum Deposit: As long as you open your CD with at least $1,000, you will earn interest at the highest 9-month CD rate in the country.
FDIC Insured: You can feel confident knowing that your funds are insured up to the maximum amount of $250,000.
Check out NewDominion Bank’s online 18-month CD account and sign up to earn interest at a competitive rate of 1.00% APY. With a low opening minimum deposit of $1,000 and no fees, you can definitely expect a nice return on your investment. This is a great chance to sign up for a high-interest CD account from NewDominion Bank, so take advantage of this nationwide offer. For investors looking to earn higher returns on longer CDs, you can find more of the Best CD Rates in the country from the HMB list!
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.
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