VERIBANC HAS TEAMED UP WITH
AMERICAN INSTITUTIONS ANALYTICS
TO OFFER
AMERICA'S BEST AND BROADEST
COVERAGE OF CD RATES

WE HELP YOU BALANCE RISK WITH REWARD

Click here for our service

WHY YOU SHOULD USE VERIBANC

• VERIBANC is the only company that can offer a no conflict of interest service to help you find or negotiate the highest CD Rates with the most effective ratings.
  

• We can provide you with a list of institutions that are convenient to you.
  
  
• We can provide you with a list of the safest institutions with the highest rates.
  
  
• On a daily basis we monitor over 6200 federally insured financial institutions for you.

• We can email you with the top 12, not just one, institutions paying the highest rates.
  
  
• Our companion safety ratings (please click here to view our track record) are unsurpassed in effectiveness.
  
  
• Our service allows you to react daily to rate changes.

Why can't I get this information for "FREE" on the Internet?

Those web sites that provide a CD rate service with ratings usually have the same limitation as newspapers advertising CD rates, that is, they only provide rates for those institutions that have large marketing budgets.

Another significant disadvantage for these "providers" is the inherent conflict of interest in being paid by these institutions to advertise their rates. VERIBANC has never been paid by an institution to rate it nor have we ever accepted advertising fees from the institutions that we rate.

We have no constraints to publish or not publish the highest CD rates.

This philosophy continues with our CD rate analyzer service.

Click here for our service.

ADVANTAGE OF ANNUAL PERCENTAGE YIELD CALCULATION

All federally insured financial institutions are required by law to publish the amount that you will be paid in a common term, i.e. annual percentage yield (APY).  The APY is calculated based on one year, regardless of the maturity, and the frequency of compounding.

In some cases your financial institution will not compound the interest or will require that the interest earned be distributed at the end of a specific period.  Some institutions will compound the interest on monthly, quarterly, or semi-annually.  Regardless of the compounding method used or whether you must take the interest when earned, the APY computation homogenizes these differences.

Annual - In One Year (365 days)

Percentage - An amount of one hundred (100) expressed as a proportion or ratio or fraction.  Example: twenty five percent = 1/4 or .25 or 25%

Yield - The amount you are paid in one year divided by the amount you invested in one year.  Example: you invest $100,000.00 for one year and you are paid $4,000.00.  Your yield is 4 percent ($4,000.00 / $100,000.00)

Compounding - Refers to the affect of receiving interest on interest already earned but not distributed. 

Example: you invest $100,000.00 for one year and your interest of $4,000.00 is calculated quarterly.  The interest is distributed quarterly, your yield is 4 percent ($4,000.00 / $100,000.00).  If you leave your interest to earn interest then your interest will earn $30.20.  Your total return will be $4,030.20 ($4,000.00 + $30.20) or 4.03 percent yield.

Please read all Disclosures, Conditions and Agreements for your specific maturity, APY and minimum balance required by your financial institution.  Regardless of how your financial institution compounds the interest and the frequency of the compounding (weekly, monthly, quarterly or semi-annually) the quoted APY takes this into account.