4.08% 10-Month CD at Bank 1440 in Arizona

Dec 9, 2008 - 10:49 AM by Ken Tumin

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).

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Bank 1440 Locations: 2 Health Rating:
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Anonymous - #1, Wednesday, December 10, 2008 - 2:08 PM

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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4.08% 10-Month CD at Bank 1440 in Arizona

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