Dedicated to Deposits: Deals, Data, and Discussion

4.00% 24-Month CD at Colonial Bank in AL, GA, FL, TX & NV


Update 1/07/09: This CD special has ended. Please check with the bank for the latest rates.

Colonial Bank is offering a 4.00% APY 24-month CD special. Minimum deposit is $500. No checking is required. This special is not listed at the bank's website. A reader mentioned this, and I just called for additional info. According to the CSR, it's available at all of their branches as of 12/31/08. She didn't know how long this would last. It has been available since late November. With dropping rates, this 4% 24-month CD is now very competitive.

A branch visit is required. Branches are located in Alabama, Georgia, Florida, Texas and Nevada.

Colonial Bank's ratings for soundness are a little weak: 3 stars (adequate) at BauerFinancial and 2 stars (below peer group) at Both ratings are based on 9/30/08 data. The bank has been FDIC insured since 1934 (FDIC Certificate # 9609).

  Tags: Nevada, Alabama, Georgia, CD rates, Texas, Florida

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