Dedicated to Deposits: Deals, Data, and Discussion

4.44% 60-Month / 4.18% 36-Month CD at a Washington State Bank (North Cascades National Bank)


North Cascades Bank
Update 3/22/08: The 60-month CD yield has fallen to 4.44% APY and the 36-month CD yield has fallen to 4.18% APY for a $10K minimum deposit. The title has been modified to reflect these changes. Please see bank's website for the latest rates.

North Cascades National Bank has some competitive CD rates. These include a 4.65% APY 60-month CD with a $10,000 minimum deposit. The Jumbo CD with a $100K minimum has a yield of 4.70% APY. The 12, 24 and 36-month CD rates are also competitive. Below is the list of these rates:

Certificate of Deposit Yields as of the morning of 2/26/08:
Term APY $10K Min APY $100K Min
12mo 4.13% 4.23%
24mo 4.13% 4.18%
36mo 4.39% 4.44%
60mo 4.65% 4.70%

According to the CSR, CD accounts can be opened by mail for new out of state customers. They will need to have a copy of your picture ID and a copy of your social security card faxed to them. Please note that these policies can often change at small banks when they receive heavy demand.

Update 2/26/08: The policy did in fact change. I was just informed that they no longer are allowed to open accounts for new customers over the phone or by mail.

Branches are located in several Washington State cities. The bank has been FDIC insured since 1986 (Certificate # 26846). It has a 4 out of 5 star rating (sound) at Bankrate based on 9/30/07 data.

Related Pages: Washington, North Cascades Bank, CD rates

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Comment #1 by Mandatory Vacation (anonymous) posted on
Mandatory Vacation
Prevail Credit Union is in the same area and has better rates for short term CDs