Sovereign Bank CD Rates
Sovereign Bank is a major bank that has a significant presense in the northeast of the United States. According to the FDIC it is chartered as a Savings Association and is part of the Santander Group, a Spanish global banking group.
It has historical roots from 1902 and has 723 bank branches and 2285 ATMs in its markets. These markets includes MSA's such as New York (203 branches, 1.47% deposit market share), Philadelphia (72 branches, 1.13% deposit market share), Boston 164 branches, 6.24% deposit market share), Providence (55 branches, 6.25% market share, Hartford (25 branches, 4.02% market share)*
It offers its customers various savings and investment products including money market savings products, statement savings accounts, minor savings accounts and certificates of deposit (CDs). CD products include short term, medium term, long term CDs and IRA CDs.
Source: *Sovereign Second Quarter 2011 Results for Santander Group (santander.com)
|Company||Account Name||Term||Currency||Update||APY||CD Account Details|
|Sovereign Bank 1 Year CD Rates||1 year||USD||Sep, 2013||0.05%||This interest is determined from the 'rising rate cd' product and is for a 12 month term, calculated for New York and is FDIC insured. Deposit ranges $50,000 to $99,000.|