Dedicated to Deposits: Deals, Data, and Discussion

4.00% CD with Terms from 4 to 12 Months at Patriot Bank in Texas

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Update 10/13/08: The yield has dropped to 3.75% APY.

Patriot Bank has a CD special with some competitive short-term rates. The yield is 4.00% APY for all terms from 4 to 12 months. The 4% isn't that great for 12 months, but it's much more competitive for terms under 6 months. The minimum deposit is $10,000, and the maximum is $100,000. New money is required.

They are continuing to offer a special 4.00% APY savings account. The minimum balance for this yield is $50,000. They were advertising this 4% savings back in June.

Based on past reports from this bank, a branch visit to open accounts is likely to be required. Branches are located in the Texas cities of Dallas, Houston, Honey Grove and Ladonia. The bank has been FDIC insured since 1934 (FDIC Certificate # 3258).
  Tags: CD rates, Patriot Bank, Texas

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Comment #1 by Duck (anonymous) posted on
Duck
Update: It is now 3.75% for these terms

1