Delaware (DE) Banks CD Rates
This is be a part two of my four part series on banks in the states of the Vice Presidential/Presidential candidates. This post will focus on Joe Biden’s homestate; the banks of Delware and their CD Rates.
First thing you’ll notice is the banks in Delaware are some of the larger banks in the US and many of them are having financial problems. Joe so kindly helped pass a bail-out plan to help them out. AIG took the bail-out and then had a big party. Nice.
| Bank Name | FDIC# | Profit | WC* | APY | |
|---|---|---|---|---|---|
| HSBC Bank USA, NA | 57890 | No | Yes | 6-Mos | 4.00% |
| TD Bank, NA | 18409 | Yes | Yes | 6-mos | 3.50% |
| Lehman Brothers Bank | 30890 | Yes | Yes | N/A | N/A |
| Wachovia Bank (soon to be Wells Fargo) | 33931 | No | Yes | 1-Year | 4.15% |
| AIG Federal Savings Bank | 35267 | No | Yes | 1-Year | 4.05% |
| Christiana Bank & Trust Company | 233875 | Yes | Yes | N/A | N/A |
| The Felton Bank | 12700 | Yes | Yes | 2-Year | 3.50% |
| Community Bank Delaware | 58311 | No | Yes | N/A | N/A |
| Bank of New Castle | 27575 | Yes | Yes | N/A | N/A |
I hope you enjoy the series.
*WC stands for Well-Capitalized. This means that the Total risk-based capital ratio is above 10% (the higher the number the better). The definition from the FDIC Reads, “Total risk-based capital ratio:
Total risk based capital as a percent of risk-weighted assets as defined by the appropriate federal regulator for prompt corrective action during that time period.”
choosing a bank account can be very difficult. Many things come into play such as the rate of course if we are talking about CDs, the fees for checking accounts, access to the institution, etc.