Businesses make a living of offering what their target or core audience wants. Retirees need a safe investment that creates some earnings while still not being locked away for a long period of time. This is the benefit of investing in short term CDs. At Sanibel Captiva Community Bank, they know this.
The current CD rates from Sanibel include a 3 month CD that is earning an APY of 0.95%. The 6 to 18 month CD is earning an APY of 1.00%. These are the best return on investments in the nation for this safe and secure style of investment.
Short term investments are ideal of the retirement community because they are earning interest and allow access to the principal within a short time span if the money is needed. This is also a great example of how a community bank fills the needs of those that use their facility better than the national banks. Currently, Chase CD rates for the 6 month CD is at 0.25%. This is only 1/4th the return on investment of the Sanibel Captiva Bank and their CD rates.
There are two things in common between these two financial institutions. At both establishments, the deposits are protected by the FDIC and the minimum deposits are set at $1,000. The minimum deposit if fixed so that non serious customers do not enter and the planning the bank has made does not go for a toss.
The Sanibel Captiva Bank CD rates are the best short term investments in the nation so far in 2011. These rates were posted on January 20, 2011, but are subject to change without notice.
We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.