Dedicated to Deposits: Deals, Data, and Discussion

5.82% 11-Month CD at an Idaho/Wyoming Bank (ANB Financial)

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Update 5/09/08: The bank has been closed. See post for more details.

ANB Financial is offering a special 5.82% APY 11-month certificate of deposit. The minimum deposit is $500. There's a 3-month interest penalty for early withdrawals. It's not listed at the bank's website. A reader emailed me the info on this, and I called this afternoon for further details.

The special CD is part of the grand opening of its new branch in Idaho Falls. The banking rep said the special is also available at its Jackson, Wyoming branch. A branch visit is required. Please refer to the bank's about page for branch locations. They also have branches in Utah and Arkansas, but I'm not sure if this promotion is available in those states.

The bank is FDIC insured (FDIC Certificate # 33901).

Thanks to the reader who emailed me this info.
  Tags: Wyoming, Idaho, CD rates

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Comments
5 comments.
Comment #1 by Anonymous posted on
Anonymous
As of Sept. 12 this is sstill a "live" deal. 5.82 for 11 months.
We went in and opened an acct today. They were ultra professional and the entire process was totally up to snuff. We felt real good about the deal. They promised that we wouldn't lose even a day's interest when we wire funds tomorrow to fund the acct. Obviously, this is not your Mom and Dad's bank. But it's FDIC insured and that's really all you need to know.

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Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info.

1
Comment #3 by Anonymous posted on
Anonymous
After opening the acct. September 12, we wired in funds the following day. The funds were rec'd about lunchtime. Ironically, this ANB had their Grand Opening that day. All sorts of bank bigwigs were on hand to cut a ribbon, eat shrimp and all the usual whoop-dee-doo. We joked with one of them that it's great to have a bank that throws a party when a client opens and funds a CD.

1
Comment #4 by Anonymous posted on
Anonymous
When the FED today but rates by a half point, we decided to mvoe out of Stearns Money Market @ 4.75 to ANB which still had a 5.82 APY. We figured they cut their rates, too, but much to our surprise they were still offering 5.82 for two more days. We locked the rates and all is well. WHEW! That's a huge spread.

1
Comment #5 by Anonymous posted on
Anonymous
This bank failed on May 9, 2008. Their non-Arkansas branches were closed.

1