E*TRADE Financial is currently offering a great 6 month 5.25% APY Certificate of Deposit. This CD is the highest cd rate out of all the Certificate of Deposits that E*TRADE Financial offers. The minimum deposit on this is $1,000 and there’s no deposit limit but do remember that it’s only FDIC insured up to $100,000. This CD has an automatic renewal at maturity and a guaranteed safety of principal. The guaranteed safety of principle only applies to early withdrawals before the CD maturity. Many banks will charge you penalty that will touch your principle amount deposited into the CD. E*TRADE Financial will only penalize you for half of the term interest that you earned on the CD and they will never touch the money you deposited. In other words, you have absolutely nothing to lose.
To open up an account, you can either go to E*TRADE Financial’s website and apply online. Once you complete your application, E*TRADE Financial will sent you a confirmation email with instructions on how to fund your account.
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