Park Bank’s 10 month CD special
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Park Bank, a small community bank in Madison, Wisconsin, has a pretty nice 10 month CD special yielding 1.65% APY with a minimum deposit of $5,000 required. Thanks to BankVibe.com reader Nicole for submitting us this CD promotion!
Unfortunately for most of us this promotional offer is off the table. Park Bank has just 11 locations all within a relatively small radius to Madison, WI. They accept local funds and are federally insured by the FDIC. If you are located in this state you may want compare this offer with other CD rates in Wisconsin to see how it stacks up.
Terms and Conditions:
- Annual Percentage Yield (APY) is correct as of May 17, 2010, and may change without notice.
- Interest paid at maturity.
- Minimum of $5,000 is required to open these accounts.
- No brokered deposits and no financial institution deposits allowed.
- There is a penalty for early withdrawal of funds and fees may reduce actual earnings.
- Not applicable to IRAs.
- Member FDIC
Park Bank also has a fairly noteworthy money market special if you happen to be able to hold a balance of $50k. As of the 18th of May, they are offering a money market account yielding 1.75% APY for balances of $50,000 or greater. If your balance dips below this threashold you will only incur an interest rate of 0.77% APY (which is more closely alligned with the current national average). If your balance dips below $20k then your interest shrinks to just 0.60% APY.
