Third Federal Savings & Loan is offering a special 4.00% APY 4-month CD. The minimum deposit is $500, and there is no maximum deposit limit. This doesn't seem to be listed at the bank's rate table. A reader mentioned it to me, and I just called their toll-free number (1-800-844-7333) for more details. According to the CSR, people from any state can apply by phone. They'll mail you the signature card, and they'll give you 15 days to mail it back with the check to lock in the rate. They also accept a wire transfer but there is a $10 incoming fee.
Third Federal is still offering a 5% APY on 48-month and longer terms. For more details about their CDs including options to close the CD, please refer to my July Third Federal post. For those who prefer opening CDs at a branch, Third Federal's branches are located in Ohio and in South Florida.
Make sure not to confuse Third Federal with Fifth Third Bank. Unlike Fifth Third Bank, Third Federal has been able to avoid many of the financial problems of the mortgage mess (see news article). Third Federal also has the top star rating at BauerFinancial (5 stars) based on 3/31/08 data. The bank has been FDIC insured since 1938 (FDIC Certificate # 30012).
Thanks to the reader who emailed me news of this special CD.