12 month CD yielding 4.0% APY through Regal Financial Bank
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Regal Financial Bank of Seattle, Washington currently has an MVP 12 month CD special going on through March 15, 2009. The 12 month MVP certificate of deposit comes with an impressive 4.00% APY!
I’ve attempted to contact a representative from this bank to see if there are any geographical restrictions. I will post the results when I hear back.
According to BankRate’s chart of highest yielding certificates of deposit with 12 month maturities, the highest APY is offered through FlagStar Bank. Their 12 month CD has a 2.97% APY, making this MVP 12 month CD extremely attractive in comparison.
The 4.0% APY is good for all balances between $2,500 and $250,000 – essentially making this CD a jumbo certificate of deposit if you so choose.
February 15th, 2009 at 9:05 pm
good find. why doesn’t bankrate take this high interest cd rate into account on their stie? looks like it may be for washington state residents only
February 16th, 2009 at 12:34 am
Luckily I have already locked in higher CD rates at 4%-5%, as I foresaw falling interest rates on deposits nationwide. If you still want to earn a high rate, open a rewards checking account.. Most are still yieldinog 5%-6%
February 17th, 2009 at 2:27 pm
I can’t find any customer reviews of this bank. anybody have any first hand experience dealing with this Community Bank?
February 17th, 2009 at 2:57 pm
I contacted a bank rep and this is what they told me about this account:
Anyone can take advantage of this (as in anyone in the United States). In order to qualify for this rate, you have to have 2 other accounts with their bank. A checking account and a savings account. The checking account needs to be opened with 500.00 to avoid a service charge and 1,000.00 to savings to open.
Basically you need $1500 as a prerequisite to getting this CD certificate of deposit rate, but if you are looking to invest a large amount of dough this is prob the best out there.
March 4th, 2009 at 10:56 am
The bank refused to accept my application online, I was told it was only good in WA state. Unfair!!!