Great Western Bank has a CD promotion with a 3.63% APY on terms from 7 months to 27 months. The minimum deposit is $5,000, and an additional banking relationship is required.
There's no mention on the promotional page about the details of the required relationship. To view the rate, you must select your state and your zipcode. The only states that can be selected include Arizona, Iowa, Kansas, Missouri, Nebraska and South Dakota. Before you can apply, it requires you to pre-register for the CD by providing your email address or phone number. One of their bankers is suppose to contact you to finalize the details.
The bank has a 4 star rating (excellent) at BauerFinancial based on 3/31/08 data. It has been FDIC insured since 1935 (FDIC Certificate # 15289). It's a moderate size bank with $3.5 billion in assets and 102 offices in six states.
Thanks to the reader who mentioned these CDs in the finding-the-best-deals post.
Other High Certificate of Deposit Rates
For the terms of 12 to 27 months, the 3.63% APY is not the best yield, but for the shorter terms, it's competitive. Currently, the best 6-month CD yield at a bank that's available nationally is 3.82% APY at ISN Bank (see post). Corus Bank is close behind with a 3.70% APY. For a little longer term, Indymac Bank has the best deal with a 4.10% APY 10-month CD. For other CD rates available nationwide, please refer to my latest CD rate list.