Ascencia Bank took the #1 spot on the BestCashCow 6 month CD rate table with a rate of 4.07% APY. As of September 24, 2008, the rate is just below the best rates offered.
Ascencia has operated since 1996 and is a division of PBI Bank or Porter Bankcorp. Bauer financial rates PBI Bank with 3 stars out of 5 for its soundness. Deposits at the bank are FDIC insured up to the $100,000 limit per person.
When applying, you will have to print out the application and mail it in or ask them to mail you an application. While there is no instant account opening, funds may be transferred via ACH transfer from another bank after the application is received.
Ascencia also offers competitive 1 year, 2 year, and 3 year Certificates of Deposit.
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