Acacia Federal Savings Bank is offering a 60 Month CD that pays 4.50% APY. That's currently the highest 5 year CD rate on the BestCashCow rate tables.
BankDeals, which first notes this offer, reports that the offer is nationally available and accounts can be opened via an online application. The application requires you to sign and send-in a signature card and the account can be funded via wire or check. When the CD expires, the funds can be withdrawn via a check or a $12 outgoing wire transfer.
Acacia Federal Savings is based in Viriginia and serves the great Washington DC metro areas. It is a division of Acacia Life and had assets of $1.6 billion as of the end of 2007. Bauer Financial gives the bank 3 1/2 stars out of 5 for safety and soundess, a decent rating.
Acacia is a thrift insitution which operates in the Washington DC metro area. It is a subsidiary of the Acacia Life Insurance Company and had assets of $1.5 billion at the end of 2007.
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