4.00% 24-Month CD at Colonial Bank in AL, GA, FL, TX & NV
Jan 7, 2009 - 7:47 AM by Ken Tumin
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 Bankrate.com. Both ratings are based on 9/30/08 data. The bank has been FDIC insured since 1934 (FDIC Certificate # 9609).
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 Bankrate.com. Both ratings are based on 9/30/08 data. The bank has been FDIC insured since 1934 (FDIC Certificate # 9609).
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