Here is a superb 12 month CD rate in Missouri!
Warning: The rates featured on this page are likely outdated. Visit our CD Rates Center for updated rates and special offers.
We have just recieved an email from BankVibe.com reader Kristina who claims to have just opened a 12 month CD through the Bank of Grandin in Missouri and she informed us that she recieved a whopping yield of 2.31% APY. To put this offer in perspective, the national average sits at 1.17% APY.
The Bank of Grandin does not make their interest rates public, so we have not yet confirmed the accuracy of this rate. You must contact a rep to find out their current yields. We will update this post after we’ve confirmed this offer to be valid.
Bank of Grandin is a fairly small bank and has just 4 branches in Missouri. They can accept local deposits and they require a minimum deposit of $1,000. They also offer jumbo CDs with minimum deposits starting at $50,000.
Here are the details, terms and conditions of their certificates of deposit:
- Interest bearing accounts
- $1000 deposit required to open accoun, $50,000 min for jumbo CDs
- Available in a variety of terms (3 months to 3 years)
- Interest may be compounded, paid by check, or deposited to an account at our institution
- Penalty for early withdrawal
- Account will automatically renew at current interest rate
Bank of Grandin’s FDIC insurance (from the Bank of Grandin website):
The Bank of Grandin has chosen not to participate in the FDIC’s Transaction Account Guarantee Program. Customers of The Bank of Grandin with noninterest-bearing transaction accounts will continue to be insured through December 31, 2013 for up to $250,000 under the FDIC’s general deposit insurance rules.
