Palladian Private Bank, a division of The PrivateBank and Trust Co. is offering a very competitive 1.70% APY savings account rate. That's one of the best savings account rates according to the BestCashCow rate tables. The bank is also offering a competitive 1-year CD that pays 1.90% APY.
Details of the offer include:
- Available nationally
- Minimum deposit of $10,000
- Account can be opened online and funded via ACH from another online account
- CD APY is effective for 14 calendar days from the date on which the application is receiced.
- No POD beneficiaries
Palladian's parent, the PrivateBank was founded in 1989 and has approximately 800 employees. PrivateBank has $12.1 billion in assets and 3/12 out of 5 stars according to Bauer Financial for its safety and soundness.
As a note, Palladian Private Bank seems a bit well, private. There is no mention of it on the PrivateBank website. I did call PrivateBank to confirm that Palladian Private Bank is a legit subsidiary.