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4.20% 12-Month & 4.10% 9-Month CD at Community Banks of Colorado

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Community Banks of Colorado
Update 1/25/09: Rates have gone down. Refer to this post for new CD specials as of 1/25/09. Check with the bank for the latest rates.

Community Banks of Colorado is offering four special CD rates: 4.30% APY 18-month, 4.20% APY 12-month, 4.10% APY 9-month and 4.00% APY 6-month. Minimum deposit is $1,000. These rates don't seem to be listed at the bank's website. It was advertised in the 12/12/08 Denver Post. The ad is available online here. I called yesterday afternoon (12/15/08), and I was told that these special rates are still available. It could end on any day. They also offer these as Jumbo CDs with a minimum deposit of $100,000. The Jumbo rates are 10 basis points higher.

A branch visit is required to open an account. Branches are located in several Colorado cities including Denver, Alamosa, Greenwood Village, Buena Vista, San Luis, Avon, Glenwood Springs, Durango, Aspen and Pueblo.

The bank's ratings for soundness are mixed: 3.5 stars (good) at BauerFinancial and 2 stars (below peer group) at Bankrate. Both ratings are based on 9/30/08 data. It has been FDIC insured since 1973 (FDIC Certificate # 21132).
  Tags: Community Banks of Colorado, Colorado, CD rates

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