Virtual Bank Offers Better Rate on eCDs

Virtual Bank is offering at least .05% extra on their eCD in comparison to their regular CDs. eCDs are electronic certificates of deposits that have to managed completely online. i.e. no paper statements or copies for someone who loves to file stuff. I personally would take an extra 0.05% for going paperless. The latest rates for Virtual Bank as of 02/07/2011 for the eCDs are:

• 0.75% APY for 3 Month eCD, minimum deposit $10,000
• 1.06% APY for 6 Month eCD, minimum deposit $10,000
• 1.25% APY for 1 Year eCD, minimum deposit $10,000
• 1.36% APY for 18 Month eCD, minimum deposit $10,000
• 1.51% APY for 2 Year eCD, minimum deposit $10,000
• 1.82% APY for 3 Year eCD, minimum deposit $10,000
• 2.02% APY for 4 Year eCD, minimum deposit $10,000
• 2.33% APY for 2 Year eCD, minimum deposit $10,000

Going forward I will be monitoring these rates for providing my weekly rate roundup.