Dedicated to Deposits: Deals, Data, and Discussion

5.50% 13-Month / 5.50% 7-Month CD at a Missouri Bank (Champion)

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Champion Bank
Champion Bank is offering a special 5.50% APY certificate of deposit with terms of 7 and 13 months. The minimum deposit is $1,000, and it requires that the owner open a checking account that has at least one Direct Deposit per month. Without the checking account, the yield is 5.25% APY, and this 5.25% yield is also available as an IRA certificate.

Champion Bank is one of the few banks that offer a reward checking account that pays 6.01% APY on balances up to $25K. For more info on this checking account, please refer to this post. The 6.01% has been holding since I reported on this in May. Also, it has a very respectable rate of 4.51% APY on balances over $25K.

The main branch is located in Creve Coeur, Missouri which is in the suburbs of St. Louis. It's a new bank that was just established in 2006. The bank is FDIC insured (Charter # 58362).

  Tags: Champion Bank, CD rates, Missouri, IRA rates

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