11 month online certificate of deposit through Franklin Synergy Bank
Here is a pretty sweet deal I just found in our inbox if you happen to be in the market for short-term high yield certificates of deposit…
Franklin Synergy Bank has a group of online bank products called their “e-products” which are available to customers nationwide. The only real noteworthy product of the bunch is their 11 month online CD (certificate of deposit). This CD is currently yielding an unheard of rate of 2.78% APY. To put this in perspective, the average rate for 12 month CD’s is currently hovering around 1.33% APY.
Customers can make deposits to their account at anytime from anywhere using what Franklin Synergy Bank refers to as a E-Deposits. Using a traditional flatbed scanner and a computer, customers can scan checks and transmit them to the F.S. bank. They claim this new service will reduce trips to the bank, speed up the processing time and give customers faster access to their money.
Franklin Synergy Bank is headquartered in Tennessee:
3301 Aspen Grove Drive
Suite 106
Franklin, TN 37067
phone: (615) 236-BANK (2265)
