Dedicated to Deposits: Deals, Data, and Discussion

4.25% 14-Month CD & 4.00% 5-Month CD at United Midwest Savings Bank in Ohio


United Midwest Savings Bank is offering two competitive promotional CD rates: 4.25% 14-Month CD and a 4.00% APY 5-month CD. Minimum deposit is $500. These rates are listed at the bank's rate table as of 12/10/08. The rate table has an October date, so I contacted the bank. The banking rep confirmed that these are still available. As usual, they can end at anytime.

A branch visit is required to open an account. Branches are located in the Ohio cities of DeGraff, West Manchester and Columbus. There's also an office in Falmouth, Kentucky under the name Pendleton Savings Bank which is a division of United Midwest.

The bank's financial ratings are a little weak: 3.5 stars (good) at BauerFinancial and 2 stars (below peer group) at These ratings are based on 6/30/08 data. The bank has been FDIC insured since 1986 (FDIC Certificate # 32441).

Other Top Ohio Certificate of Deposit Rates:

Refer to my Ohio CD Deals page for other high Ohio CD rates. There are two deals that I posted on in late November that still seem to be available based on what's listed at the banks' websites. These include a 4.75% 24-month CD and a 5.25% 45-month CD.

Nationwide deals are listed in my weekly rate summary. Rates are changing fast, so please check the banks' websites for the latest rates.

  Tags: United Midwest Savings Bank, CD rates, Ohio

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