Dedicated to Deposits: Deals, Data, and Discussion

4.08% 10-Month CD at Bank 1440 in Arizona

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Bank 1440
Bank 1440 is offering a special 10-month CD with an APY of 4.08%. Minimum deposit is $10,000, and new money is required. Early withdrawal penalty is 30 days of interest. This CD special is listed on the bank's home page as of 12/09/08.

A branch visit appears to be required to open accounts. Branches are located in Phoenix and Peoria, Arizona.

It's a new bank that was established in June 2007. Since it's new, it doesn't have a rating at BauerFinancial. It has a 3-star rating (performing) at Bankrate.com based on 6/30/08 data. The bank is a member FDIC (FDIC Certificate # 58460).

I was wondering why they had the name 1440. It's the number of minutes in a day (24 x 60).

  Tags: Bank 1440, Arizona, CD rates

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Comments
Comment #1 by Anonymous posted on
Anonymous
You are correct. 1440 is the number of minutes in the day. There slogan from their website, www.Bank1440.com, is "There for you 1440, all the minutes of the day."

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