Pigeon Falls State Bank Offering 1.76% APY 3-Year CD - Wisconsin

Wisconsin is about to have its Republican Presidential primary tonight so I turned my attention to the state for this week's Best Rate Spotlight. Pigeon Falls State Bank is offering a 1.76% APY 36-month CD with a $1,000 minimum balance. That's tied for the best rate in the state for this CD term and significantly higher than the 0.99% APY average 3-year CD rate.

Pigeon Falls State Bank has three branches east of Eau Claire in northerwestern Wisconsin. The bank was opened in 1920 and is controlled by the The Sletteland family via a holding company PFSB Bancorporation, Inc. On its website, the banks says that "To assure its independence, the Bank will continue to maintain a strong capital ratio." Looking at its financial snapshot, it does appear to be in strong financial shape. The bank's Texas ratio is 14.20% versus the national average of 19.96% (the lower the ratio the better). The bank's capitalization is 10.49% versus the national average of 11.18%. While this is lower than the national average, it's still an adequate number. Assets have grown over the past six years from $53 million to $67 million.

Account can only be opened via the branch.

Previous Weekly Rate Spotlights

• March 27, 2012 - Community Bank Offering 3.00% APY 15-Month CD IRA - Mississippi
• March 21, 2012- First Choice Bank Offering Competitive CD Rates in New Jersey
• March 13, 2012 - The City National Bank of Metropolis Offering 1.26% APY Money Market Account
• March 6, 2012 - North Country FCU Offering 2.80% APY 60-Month CD - Northern Vermont
• February 27, 2012- El Paso Area Teachers FCU Offering 2.98% APY Five Year CD
• February 21, 2012 - Cardinal Bank Offering 2.01% APY First Choice Checking
• February 13, 2012 - Citizens State Bank Offering 4.00% APY Variable IRA
• February 6, 2012 - Liberty Bank & Trust Offering 1.31% APY Savings Account Rate

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