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4.26% 12-Month CD at New Frontier Bank in Colorado


New Frontier Bank
Update 4/10/09: The bank has been closed by regulators. Please refer to this post for more details.

New Frontier Bank is offering a 12-month speical CD with a yield of 4.26% APY. The minimum deposit is $1,000, and the maximum deposit is $95,000. This rate is listed at the bank's rate table as of 11/20/08. It's also available as an IRA CD with a $100 minimum deposit.

This bank often has some competitive CD specials. My last post was in September when the bank was offering a 4.85% 24-month CD. The bank continues to offer a reward checking account called e-Power Checking. However, the rate has declined. The yield is now 4.61% APY for balances of up to $50K (see post).

A reader in a previous post was told by the bank that an office visit is necessary to open an account. Branches are located in the Colorado cities of Greeley, Windsor and Longmont which are located north of Denver. The bank has been FDIC insured since 1998 (FDIC Certificate # 34881). It has a 3 star rating (adequate) at BauerFinancial based on 6/30/08 data.

  Tags: New Frontier Bank, Colorado, CD rates, IRA rates

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