5.80% 10-Month CD at a Colorado Bank (Summit Bank and Trust)

Summit Bank and Trust is offering a special 5.80% APY 10-month certificate of deposit. The minimum deposit is $1,000 and the maximum is $35,000. It requires that you open a checking account with direct depsoit. There's also a 5.75% APY listed that may not require direct deposit. Only one CD per household is allowed.

The main office is located in Broomfield, Colorado which is in the northern suburbs of Denver. The bank was just established in November of 2006. It's FDIC insured.

Tags: Summit Bank & Trust, Colorado, CD rates