Dedicated to Deposits: Deals, Data, and Discussion

5.10% 5-Month Online CD at LaSalle Bank

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Bank of America
LaSalle Bank is offering a yield of 5.10% APY and a term of 5 months on its Online Manager's Special CD. The minimum deposit is $10,000. It's only available for consumer and small business accounts opened with funds not currently on deposit at LaSalle Bank. This is only available using their online application. It appears to be available to people in any state.

LaSalle is now part of Bank of America. They're still working on the change-over. According to this merger overview, LaSalle customers can use Bank of America's ATMs without fees, but they still can't use Bank of America's branches.

Bank of America has been offering some 4-month online CDs with decent rates. Current rates in most states seem to be under 5% (see post).

LaSalle is still offering a $100 checking account bonus that doesn't require direct deposit. I first mentioned this promotion in October. A reader in that post had some problems with LaSalle: "Online access is insanely quirky and tempermental. Customer service is often uninformed and misleading, and at best is waiting for Bank Of America to step in and clean things up." So keep this in mind if you try these LaSalle offers.

Bank of America also has a $100 checking account bonus for new checking account customers. Please refer to my Bank of America Checking bonus post for more details.

  Tags: CD rates, Bank of America

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Comments
2 Comments.
Comment #1 by Banking Guy (anonymous) posted on
Banking Guy
Just checked this special as of 12/22/07 and the current rate is now 5.00% APY.

1
Comment #2 by Anonymous posted on
Anonymous
keep going down tp 4.9% online and 4.8% at branch

1