Webster Bank five-year CD rates

Are you willing to stash some of your cash away for three, four, or five years? If so, there are some great CD rates available out there; you just have to know where to look.

Actually, it’s my job to do the looking for you. So are you ready to see what I’ve come up with today on CD rates? OK then!

Webster Bank is offering some of the best long-term CD rates available today. For as little as a $1,000 minimum deposit, you can begin earning 2.75 percent APY on a five-year CD — and that rate is guaranteed for the entire five years. Which means that at the end of five years your $1,000 investment will have grown to $1,145! Not too shabby.

Webster’s CDs offer you these benefits:

• The security of a guaranteed rate for a fixed term.
• Varying terms to meet your savings goals.
• Interest is compounded and credited monthly.
• Automatic monthly interest payments available.
• 10-day grace period at maturity.
• Greater peace of mind with FDIC insurance.

Some things to keep in mind about these CD rates:

• An early withdrawal penalty is applied to withdrawals of the principal prior to the maturity date. The minimum penalty is $25.
• Withdrawal on 1-year or less terms equals three months of interest on the amount of the principal withdrawn.
• Penalty for early withdrawal for terms longer than one year is equal to six months interest on the amount of the principal withdrawn.

Webster Bank has more than 180 banking offices and over 490 ATMs located throughout southern New England and Westchester County, New York.

You can also find them on the web at the Webster Bank site.