JustBankIt.com - CD Rates and Review

Allied Bank, based out of Arkansas, has recently formed an online, FDIC-insured bank called “JustBankIt.com” in which customers nationwide can open a variety of checking, savings and loan products. They are currently offering very generous rates on their deposit products and we’ve highlighted those that are beatnig the national average by the highest margins below. You can fund a CD (certificate of deposit) account via check or wire transfer (no ACH offer at this time) with a minimum deposit of $1,000. If you opt for the wire transfer option you will incur a $15 fee.

CD Rates offered through JustBankIt.com:

6 month CD yielding 1.50% APY with a minimum deposit of $1,000 required. National average sits at 0.92% APY.

12 month CD yielding 1.90% APY with a minimum deposit of $1,000 required. National averge sits at 1.32% APY.

18 month CD yielding 2.10% APY with a minimum deposit of $1,000 required. National average sits at 1.64% APY.

Although JustBankIt.com has no physcial branch locations, it’s parent company - Allied Bank, has several locations within the state of Arkansas. Many of the products (and their assocatiated rates) listed on JustBankIt.com can also be found at Allied Bank locations.