Dedicated to Deposits: Deals, Data, and Discussion

4.30% 18-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.

Update 6/14/08: The CD special has changed. Please see the bank's website for the latest rates and specials.

New Frontier Bank has a new CD special with a yield of 4.30% APY and a term of 18 months. The minimum deposit is $1,000, and the maximum is $95,000. This is not quite as good as the CD specials that this bank was offering in April, but the 4.30% yield is still a very competitive rate for an 18-month term.

A reader in a previous post was told by the bank that an office visit is necessary to open an account. Branches are located in the Colorado cities of Greeley, Windsor and Longmont which are located north of Denver. The bank has been FDIC insured since 1998 (FDIC Certificate # 34881). It has a 2 out of 5 star rating (below peer group) at Bankrate.com based on 12/31/07 data.

6.26% Reward Checking Account with $50K Cap is Still Available

New Frontier Bank has one of the best reward checking accounts in the nation. The top yield is still at 6.26% APY for balances up to $50,000. For more details of this account, please see my February post.

  Tags: New Frontier Bank, Colorado, CD rates

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