UmbrellaBank.com 12 Months CD Rate

UmbrellaBank, a division of New South Federal Savings Bank of Birmingham, AL, is offering one of the highest bank CD rates available these days for a 12 months certificate of deposit.

The current CD rate is 2.176 percent and the current annual percentage yield is 2.20 percent. The CD rate is almost double the current national average CD rate of 1.13 percent.

The minimum opening certificate of deposit account balance is $1,000. You can transfer interest you earn on your certificate of deposit to an UmbrellaBank Checking Account, Money Market Account or Savings account.

Deposit accounts at UmbrellaBank.com are insured for up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) under the parent company’s FDIC Cert number of 32276. UmbrellaBank.com also offers credit card, retirement accounts and mortgages under the parent company.

UmbrellaBank.com