At this time the best online banks have to offer in terms of bank rates on savings account is 1.10% APY. This is currently being offered by 6 different

1. Online Banking and the trend in CD Rates The Current Trend in CD Rates with Online Banking is on a downward slope. This has been the trend for the past couple of years that has no end in sight.With the US Federal Reserve stating they intend to keep interest rates low and unchanged until 2013 when a new administration will be in the office of the presidency, those Americans looking for investing help with their money in this conservative style are basically out of luck. On August 18, 2011 the national average for the 5 year CD was down to 1.92 percent. The 2 year was at 1.01 percent and the 1 year CD was at 0.87 percent. All of these CD rates have moved downward from a year ago where they were 2.44 percent, 1.45 percent and 1.14 percent respectively. All of these national averages were as reposted by Bloomberg, a trusted and respected name in the financial world. When looking at what the online banks have to offer, the best of the current bank rates on a 5 year CD is an APY of 2.42 percent that is being offered by Urban Partnership Bank based out of Chicago, IL. This is with a $1,000 deposit. With an increase to $100,000 on deposit the APY is increased to 2.52 percent. For local credit unions are offering better CD rates, but their customer base is limited due to their charters.

2. Even with the profits of these financial institution being placed back into the rates, the best 5 year CD rate is only 3.00 percent APY that is being offered by Connexus CU. With a change in administration probably coming in 2013, the American investor should not really look for the long term investments with locked rates at this time. With Current Trend in CD Rates with Online Banking is going down with the best investment being the 18 month or 1 year CDs so you can take advantage of any changes that might occur in the early portion of 2013. 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. For additional resources involving financial help, please view PNC Online Banking, best bank savings rates,BankRates,Westpac Online Banking and Online Banks at http://onlinebanksblog.weebly.com Article Source : http://www.onlinebanksblog.com/current-trend-in-cd-rates-with-online-banking Author publishes articles regularly concerning investment and finance matters. For you to learn a lot more regarding CD Rates Interest, Sovereign Bank Online, CD Rates, SunTrust CD Rates, Online Banks,Bank Rates, Westpac Online Banking, CD rates, PNC Online Banking, chase CD rates from Author pay a visit to - http://onlinebanksblog.weebly.com