United Central Bank is offering promotional CDs with some attractive rates. The most competitive yield is the 9-month CD with an APY of 4.00%. The other CDs include a 4.00% APY 12-month CD, a 4.20% APY 22-month CD and a 4.45% APY 30-month CD. Minimum deposit is $1,000. These CDs are listed in the bank's rate table as of 11/28/08.
It appears a branch visit may be required to open an account. Branches are located in several cities in Texas, California, Georgia, Maryland and Virginia. Some of the major cities include Los Angeles, Austin, Houston and Dallas.
United Central Bank has some decent financial ratings for soundness: 3.5 stars (good) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 6/30/08 data. The bank has been FDIC insured since 1984 (FDIC Certificate # 25330).