Builders Bank is offering a 4.00% APY CD with terms of 12 and 18 months. The minimum deposit is $2,500 ($500 for an IRA CD). Other competitive rates include a 6-month CD with a 3.50% APY and a 9-month CD with a 3.60% APY. These rates are listed on their rate sheet (pdf) and are in effect through July 3, 2008.
My last report on this bank was in May when it was offering a 3.60% 12-month CD.
A branch visit appears to be required to open an account. Branches are located in Chicago, Illinois. The bank has been FDIC insured since 1997 (FDIC Certificate # 34613). It has a 3.5 star rating (good) at BauerFinancial based on 3/31/08 data.
Other High Certificate of Deposit Rates
For those in the Chicago area, there's another bank that is offering a 4.25% APY CD with terms from 10 to 13 months (see post).
Wachovia still has one of the best deals with its 4% 7-month CD, 4.25% 12-month CD and long-term rates as high as 5.25% APY (see post).
For other CD deals, please refer to my latest nationwide CD rate list.