Understanding Beal Bank's CD Offerings

Beal Bank offers a range of CD options to suit different financial goals and needs.

Beal Bank's CDs are available in various terms, from 3 months to 5 years.

CDs with longer terms tend to offer higher interest rates, making them a good choice for those who can keep their money locked in for a longer period.

Beal Bank's CDs are insured by the FDIC, providing an added layer of security for depositors.

This insurance protects deposits up to $250,000, giving customers peace of mind.

Explore further: Beal Bank Usa Rating

Beal Bank offers CDs with a range of terms, from three months to five years, allowing you to stagger your access to funds and earn more robust growth on long-term CDs.

Their locations are spread across multiple states, including Alabama, California, Florida, Illinois, Maryland, Missouri, New York, Ohio, Pennsylvania, Texas, Arizona, California, Colorado, Maryland, Virginia, Florida, Georgia, Illinois, Kansas, Massachusetts, Michigan, Minnesota, New Jersey, Nevada, New York, Oregon, Pennsylvania, and Washington.

Beal Bank USA has slightly higher interest rates for each term compared to Beal Bank, but the terms available are identical.

Beal Bank offers CDs with terms ranging from three months to five years, allowing for CD laddering. This strategy involves parking money in CDs of different term lengths to stagger access to funds and achieve more robust growth on long-term CDs.

Beal Bank has locations in Alabama, California, Florida, Illinois, Maryland, Missouri, New York, Ohio, Pennsylvania, and Texas. Beal Bank USA has locations in Arizona, California, Colorado, Maryland, Virginia, Florida, Georgia, Illinois, Kansas, Massachusetts, Michigan, Minnesota, New Jersey, Nevada, New York, Oregon, Pennsylvania, and Washington.

CD terms from Beal Bank and Beal Bank USA are identical, but interest rates are slightly higher for each term at Beal Bank USA. For example, the 1-month APY at Beal Bank USA is 4.15%, compared to 4.15% at Beal Bank.

Here are the CD terms and APYs for Beal Bank and Beal Bank USA:

In the US, CD rates can vary significantly between banks. Beal Bank CD rates are competitive, especially for short-term CDs, matching those of online banks like Ally and Marcus by Goldman Sachs.

One thing to note is that Beal Bank has a $1,000 minimum deposit requirement, which can be a barrier for some investors.

Beal Bank CD rates are competitive, but they stagnate after 12 months, causing them to fall behind other banks with longer terms.

Here's a comparison of CD rates from various banks:

Beal Bank USA has a substantial scale, with total assets of $16,215,605k. This is a significant indicator of the bank's market presence and influence.

The bank's financial structure and stability are reflected in its total liabilities of $12,889,778k and total equity capital of $3,325,827k.

Key operational metrics include total deposits of $8,816,420k and net loans and leases at $2,929k.

Beal Bank CDs offer competitive interest rates that allow your investments to grow significantly over time. The interest is compounded quarterly, which is unique compared to many other CDs that compound daily. This means your earnings can add up faster.

For a 3-month CD, a $1,000 deposit grows to $1,010.46, while a 12-month CD grows to $1,040.50. This is a notable difference, highlighting the importance of considering the term length when choosing a CD.

A 60-month CD, on the other hand, grows to $1,184.82, demonstrating the potential for long-term earnings. This is a significant increase from the 3-month CD, emphasizing the value of patience when it comes to CD investments.

Here's a breakdown of the growth potential for different deposit amounts:

Keep in mind that these calculations assume no interest is withdrawn before the maturity date, highlighting the importance of considering the terms and conditions of your CD.

Beal Bank USA boasts total assets of $16,215,605k, showcasing its substantial scale and influential market presence.

The bank's total liabilities stand at $12,889,778k, providing a nuanced breakdown of its financial structure and stability.

Total equity capital at Beal Bank USA amounts to $3,325,827k, giving you a clear picture of the bank's financial foundation.

A closer look at key operational metrics reveals total deposits of $8,816,420k and net loans and leases at $2,929k.

The Tier 1 Risk-Based Capital Ratio stands at 71.0753, indicating the bank's effective risk management strategies.

Return on Assets at Beal Bank USA is 6.5, providing valuable insights into the bank's overall profitability.

The loan-to-deposit ratio, a crucial measure of the bank's financial health, is 33.22% compared to industry averages typically ranging from 80% to 90%.

Beal Bank USA's Net Loans and Leases amount to $2,928,998k, giving you a clear picture of the bank's core operations.

Net Interest Income at Beal Bank USA is $68,892k, providing valuable insights into the bank's revenue streams.

The bank's asset quality and risk mitigation efforts can be evaluated through Net Charge-Offs to Loans and Leases, which stands at 0.1.

Total Noninterest Income at Beal Bank USA is $312,121k, allowing you to assess the composition of income.

The Efficiency Ratio at Beal Bank USA is 4.46, providing a nuanced view of operational efficiency.

Beal Bank offers a range of CD terms from three months to five years, allowing you to choose the term that best fits your needs. Beal Bank has locations in multiple states, including Alabama, California, Florida, and Texas.

The minimum deposit for Beal Bank CDs is $1,000, which may be a high initial hurdle for some investors. However, the $1,000 minimum deposit is consistent across all CD terms offered by Beal Bank.

Beal Bank's CD rates are competitive, especially for short-term CDs. For example, the 3-month CD rate is 4.20%, which is higher than what some online banks like Ally offer.

Beal Bank USA offers identical CD terms to Beal Bank, but with slightly higher interest rates. This means that Beal Bank USA may be a better option for those looking for higher CD rates.

Here's a comparison of Beal Bank's CD rates with those of other banks:

If you're looking for a short-term CD, Beal Bank's rates are competitive. However, if you're looking for a long-term CD, you may want to consider an online bank like Ally, which offers higher rates.

Beal Bank offers a wide range of CD terms, from three months to five years. This allows you to choose the term that best fits your financial goals.

The minimum deposit required for all Beal Bank CDs is $1,000. This can be a high initial hurdle to clear for some potential investors.

Beal Bank allows you to stagger how quickly you'll have access to your funds with CD laddering. This strategy involves parking your money in CDs of different term lengths.

Beal Bank's CD rates are more competitive than traditional brick-and-mortar banks, especially for short-term CDs. However, the rates stagnate after 12 months, causing Beal Bank to fall behind online banks for longer terms.

Here's a comparison of Beal Bank's rates to other banks:

Beal Bank's competitive rates don't stop at CDs. Their online banking platform offers a range of benefits that make it a viable option for those looking to manage their finances digitally.

The rates for Beal Bank CDs are more competitive than traditional brick-and-mortar banks, although the $1,000 minimum deposit can be a high initial hurdle to clear for some potential investors.

Beal Bank's rates for short-term CDs are even competitive with those of online banks like Ally and Marcus by Goldman Sachs. This suggests that Beal Bank's digital platform is capable of offering rates that are on par with its online competitors.

The stagnation of rates after 12 months causes Beal Bank to fall behind once the terms are longer. This means that while Beal Bank's rates may be competitive for shorter terms, they may not be the best option for those looking to lock in rates for longer periods of time.

Here's a comparison of Beal Bank's rates with those of its competitors:

This comparison highlights the competitive nature of Beal Bank's rates, particularly for shorter terms.