Dedicated to Deposits: Deals, Data, and Discussion

4.00% 5-Month / 4.50% 18-Month CD at a Houston Bank (Green)

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Green Bank is offering two CD specials: a 4.00% APY 5-month CD and a 4.50% APY 18-month CD. Both have a minimum deposit of $1,000, and a maximum deposit of $1 million.

The bank describes the application process here. You can apply online, but you are required to come into one of the branches to complete your account opening. It's nice to see a bank describe this on their website. Branches are located in several areas of Houston.

Based on its financial ratings, it seems to be a sound bank. It has a 5-star rating (superior) at BauerFinancial and a 3-star rating (performing) at Bankrate.com. Both are based on 3/31/08 data. It has been FDIC insured since 1999 (FDIC Certificate # 35007).

Other High Certificate of Deposit Rates

You can find other high yield CDs at my weekly CD rate summary. Most of these are available nationwide. Two good nationwide short-term CD deals include a 4.10% APY 7-month CD at Countrywide and a 4.25% APY 8-month CD at WaMu. WaMu also has a 4.50% APY CD for a 12 and 13-month term (see post). For a longer term, the best deal is at KeyDirect in which you can get 5% APY for a 23-month term and a 5.50% APY for a 48-month term (see post).
  Tags: CD rates, Texas

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Comments
2 comments.
Comment #1 by Anonymous posted on
Anonymous
Bank Guy,
Your work and Blog are super.
Might it be possible to set up a small program whereby we readers could find a bank/cu that meets (or comes close) to a set of requirements we would like in an account we might be interested in? Thanks once again for the site!!!

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Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
There is currently some very basic ways to filter the deals. I tag each post with labels based on geographic qualifications (by state or nationally available) and by deposit limitations (the "large deposit" label excludes deals with caps well under $100K). Clicking on these labels will show you the page. I also group these label links in each weekly summary.

Unfortunately, there's no easy way to do a union of these labels. For example, there's no page that combines large deposits for the state of California. But I'll keep looking for ways to provide for better filtering.

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