Dedicated to Deposits: Deals, Data, and Discussion

4.00% 9-Month CD at a Colorado Bank (New Frontier).


New Frontier Bank
Update 4/10/09: The bank has been closed by regulators. Please refer to this post for more details.

Update 7/12/08: The CD special has ended. Please check the bank's website for the latest rates and specials.

New Frontier Bank has a new CD special with a yield of 4.00% APY and a term of 9 months. The minimum deposit is $1,000. My last report on this bank was in May when it was offering a 4.30% 18-month CD.

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 3 star rating (adequate) at BauerFinancial based on 3/31/08 data.

Update on its High Yield Reward Checking

New Frontier Bank just recently lowered the top yield on its reward checking account from 6.26% to 5.26%. The cap is still above average at $50,000. For more details of this account, please see my February post.

  Tags: New Frontier Bank, Colorado, CD rates

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