Banner Bank is currently running a pretty sweet 21 month online CD (certificate of deposit) promotion which is yielding 2.50% APY. The average yield for 24 month CDs sits at roughly 2.0% APY.

This is a summer promotion which has been available since the middle of June and is ONLY available online. The minimum deposit required to open this CD account is $2,500.

Although Banner Bank generally serves the pacific northwest (Idaho, Washington and Oregon), this online CD is available throughout the country. Banner Bank claims you can apply and be approved in under 15 minutes.

Here is what you will need to apply…

• Social Security Number
• Drivers License Number
• A copy of a check from your current checking account, if applicable (information on the face of your check may be required for funding your new account)
• E-mail address

You may transfer money into the 21 month online CD account from the following types of bank accounts:

• Personal Savings or Money Market
• Personal Checking
• Personal Certificate of Deposits

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