Dedicated to Deposits: Deals, Data, and Discussion

5.50% 6-Month / 5.50% 60-Month CD at a Washington DC Bank (Adams National)

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Adams National Bank is offering 5.50% APY on its certificates of deposit for all terms from 6 to 60 months. The minimum deposit is $1,000. Money must be new to the bank.

This special has been going on for the last several months. I called the bank and confirmed that it's still available. The CSR did not know how much longer it will last. Some other details that I received from the CSR is that it's not available in an IRA. Also, you can open the CD by mail. The application is available at the what's new page. She said that you must live in the Virginia, Maryland or Washington DC area.

The bank has been FDIC insured since 1978.

Thanks goes to Will who posted this special in the finding deals post.
  Tags: CD rates

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