Irwin Union Bank Offering 4.85% APY on 40 Month CD

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Irwin Union Bank of offering some competitive rates on non-traditional term CDs, including 40 month, 25 months, and 15 months.

Irwin Union Bank of offering some competitive rates on non-traditional term CDs, including a 40 month cd paying 4.85% APY, a 25 month cd paying 4.55% APY and, a 15 month cd paying 4.25% APY.  As a comparison, the highest rate on te BestCashCow rate for a 36 month cd is 4.6% APY while the top 960 month rate is 5.21% APY.  The Irwin rates look good for their term.

Account forms can be filled out online but you'll need to print them and send them in.  Although the CSR wasn't sure, I assume you'll also need to send two forms of ID including a copy of your driver's license.  Once your account is open, you can fund it electronically via an ACH transfer.

Irwin Union Bank is a wholly owned subsidiary of Irwin Financial Corporation (NYSE: IFC) that is headquartered in Columbus, Indiana. Irwin Union Bank and Trust Company was founded in 1871, and today operates locally-managed banks in Indiana, Michigan, Utah, and Nevada. Irwin Union Bank, F.S.B. operates locally-managed banks in Arizona, Missouri, Wisconsin, Kentucky, California, and New Mexico.

The bank's stock has dropped sharply from its 52 week high of $11.85 to about $1.72 today.  It has a 2 out 5 star rating from Bauer Financial for safety and soundness. 

As with all banks, we recommend that any funds you deposit into Irwin Union Bank be below the FDIC insurance limits.

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Today's Highest Online CD Rates

Bank Product Term Interest Rate (APY)
Navy Federal Credit Union 1-Year 0.85% APY with $100,000 minimum
Primary Bank 1-Year 0.80% APY with $1,000 minimum
Gateway First Bank 1-Year 0.75% APY with $25,000 minimum
Primary Bank 3-Year 1.00% APY with $1,000 minimum
USAA Federal Savings Bank 3-Year 0.91% APY with $175,000 minimum
Comenity Direct 3-Year 0.85% APY with $1,500 minimum
Primary Bank 5-Year 1.30% APY with $1,000 minimum
Navy Federal Credit Union 5-Year 1.25% APY with $100,000 minimum
USAA Federal Savings Bank 5-Year 1.11% APY with $175,000 minimum

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