Union Savings Bank is having a grand opening CD special at its new Bloomington branch with a 4.00% APY and a 6-month term. The minimum deposit is $500 with no maximum deposit limit. Unlike many new-branch CD specials, it does not have a checking requirement. This isn't listed at the bank's website. A reader emailed me info on this, and I just called for additional details. The CSR said he expected this to last for another month, but it could change at any time.
This CD special is only available at the Bloomington, Indiana branch. Other branches are located in Indianapolis and in Ohio.
Union Savings Bank is a subsidiary of US Bancorp, but it has its own FDIC charter (FDIC Certificate # 32296). The bank has a 4 star rating (excellent) at BauerFinancial based on 3/31/08 data.
Thanks to the reader who emailed me news of this special.