Dedicated to Deposits: Deals, Data, and Discussion

5.55% 12-Month / 5.45% 9-Month CD at a DC Bank (Washington First)

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Washington First Bank has two promotional CDs: 5.55% APY 12-month and a 5.45% APY 9-month. The minimum deposit is $5,000. The 5.55% CD requires that you also open a money market account with a minimum of $2,500. The 5.45% CD doesn't require this. This special doesn't seem to be listed at the bank's website. A reader emailed me info on this deal he received from an ad on page D4 of July 17th Washington Post. I called the number in the ad (703-421-6900) for more information. I was told that this just started yesterday so it should last for at least a couple of weeks. It is available at all of the bank's branches.

Branches are located in Washington DC, Maryland and Virginia. The bank was established in 2004, and it's FDIC insured (FDIC Certificate # 57696).

Thanks to the reader who emailed me info on this. Other decent deals he mentioned in the DC area is a 5.45% APY 9-month CD that requires a checking with $1K at Virginia Commerce Bank and a 5.35% APY 11-month CD at Acacia FSB.

  Tags: CD rates

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