Frontier Bank, a West Washington commercial bank and operated more than 50 branches, is offering a 2.6% APY 24-month CD. That's currently the best 24-month CD rate according to the BestCashCow rate tables.
The CD is nationally available and can be opened online.
While the rate is great, Frontier Bank is suffering. The bank has a rating of 0 our of 5 stars for its safety and soundness. The bank's stock is currently trading at $.77 and had a 52-week high of $20.99.
If you decide to deposit your money in Frontier, be sure to stay below FDIC insurance limits.
Citibank is offering a competitive 2.25% APY on an 18-month CD. The CD needs to be opened online.
Citibank is offering a competitive 2.25% APY on an 18-month CD. The CD needs to be opened online. As of August 26, 2009 this is the top 18-month CD on the BestCashCow rate tables.
It's not often that a big bank takes the top rates on the tables. In addition, Citibank has some competitive in-branch CD rates in select states. According to Bankdeals, Citi is offering the following rates in NV, CA, and FL:
Term FL,NV,CA
12mo 2.00% 18mo 2.30% 24mo 2.50% 60mo 4.00%
Citibank has an efficient electronic account opening process. Opening and funding can be done all electronically.
DollarSavingsDirect is offering a 16-month CD paying 2.25% APY. To open the CD and get the rate, you must first open a DollarSavingsDirect Savings or Checking account.
DollarSavingsDirect is offering a 16-month CD paying 2.25% APY. The 2.25% APY rate is quite competitive, matching the top 18-month CD rate on the BestCashCow rate tables.
To open the CD and get the rate, you must first open a DollarSavingsDirect Savings or Checking account. DollarSavings is currently paying 1.70% APY which not as competitive and towards the bottom of the BestCashCow tables. Still, it's much more competitive than the rate offered by most traditional or local banks.
The CD has a minimum balance of $1,000.
DollarSavingsDirect is a division of Emigrant Bank. Emigrant is having financial problems and is rated 0 out of 5 stars (the lowest rating possible). As user Green mentioned in another post, DollarSavingsDirect now has a link to foreclosed property that they own and are trying to sell. That's not the most encouraging sign.
If you do decide to open the CD, be sure to stay below FDIC limits.
BestCashCow is the most comprehensive bank rate site on the Internet. Since 2005, we have monitored savings account, money market account and Certificate of Deposit rates from over 8,000 banks and 7,700 credit unions to find and display the best offers for those looking to earn and save more. You can learn more about the company here.
BestCashCow is the most comprehensive bank rate site on the Internet. Since 2005, we have monitored savings account, money market account and Certificate of Deposit rates from over 8,000 banks and 7,700 credit unions to find and display the best offers for those looking to earn and save more. You can learn more about the company here.
