Update 5/17/08: The 8-month CD special has ended and has been replaced with a 33-month CD special. Please refer to the bank's website for the latest rates.
Raymond Federal Bank is offering a special 8-month CD with a yield up to 3.77% APY. This yield requires a minimum deposit of $50,000. Lower rates are available for smaller balances including a yield of 3.61% APY for a $100 minimum deposit.
The bank appears to require a branch visit to open accounts. Branches are located in the Washington State cities of Raymond, Long Beach and South Bend. The bank has been FDIC insured since 1934 (FDIC Certificate # 28266).
Other Certificate of Deposit Deals
This 3.77% yield may seem low, but in today's interest rate environment, it's very competitive. For other high CD rates with terms around 9 months, please refer to my latest rate summary. The ones in this list have nationwide availability. The highest rate for a 9 month CD is currently 3.60% APY at GMAC Bank.