Third Federal Savings & Loan is now offering a 5.00% APY on a 4-year term CD. The bank continues to offer 5% APY on the 5 and 6-year terms. I first posted on these 5% CDs last month. The 5% yields continue to make their way into shorter terms.
For more details about Third Federal and these CDs, please refer to my July post. At that time, I confirmed that these CDs can be opened online from any state. 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).