Dedicated to Deposits: Deals, Data, and Discussion

5.55% 18-Month / 5.45% 12-Month CD at a Colorado Bank (New Frontier)

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New Frontier Bank
Update 4/10/09: The bank has been closed by regulators. Please refer to this post for more details.

New Frontier Bank continues to offer competitive CD rates although the rates have fallen since my August post. The current best rate is 5.55% APY for an 18-month term. The 12-month CD has a yield of 5.45% APY. The minimum deposit is $1,000. These also have an Add-On feature that allows additional deposits of at least $1K to be made during the term. The maximum that can be added is $100K per term. The 12-month CD also has a step-up feature with a minimum deposit of $25K. This gives you the option to bump up the rate to the current rate being offered up to two times during the term. IRA certificates are also available at these same rates.

Only in-state funds are accepted. Branches are located in Colorado cities of Greeley, Windsor and Longmont which are located north of Denver. The bank has been FDIC insured since 1998 (FDIC Certificate # 34881).

  Tags: New Frontier Bank, Colorado, CD rates, IRA rates

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