Website: https://www.santanderbank.com

Authority: Santander, formerly Sovereign Bank is a major bank with operations in the North East of the United Sates.  it has history dating back to 1902 and operates in 9 states with 720 domestic branches according to the FDIC in 2011. 

How to open a Santander Bank 15 Month Certificate of Deposit:

- You may decide to complete an online application on the bank website:  http://www.sovereignbank.com

- You can call 877.SOV.BANK (768-2265) to speak to a Santander Bank Rep to assist you with the process of opening this product.

- You can visit one of their branches and open one their directly. You can find the nearest branch on the bank website using their ATM/Branch locator search tools.

What identification and other requirements you may be required to have when opening up a Sovereign CD account:

You may be required to be 18 years of age or older, have a valid social security number and/or driver's license, email address, a U.S address as well as a minimum of $500 initial deposit.

Information on Sovereign Bank 15 Month CD Rates:

A 1 year investment in a certificate of deposit can provide a upfront guarenteed rate of return for this term. However like other banks its CD products are influenced by a number of factors when determining the rate it offers to its customers. These may include the current and future fed funds rate policies set by the Federal Reserve, liquidity and funding requirements, net interest margins, regulatory requirements, deposit Spreads as well as loan spreads.

However banks such as Sovereign Bank for example ,in their  '2011 results presentation' on the Santander.com website may use strategies to replace high-cost time deposits with lower cost longer tenor time deposits as they can improve their earnings by lower deposit and funding costs.