Community Banks of Colorado is offering four special CD rates: 3.30% APY 18-month, 3.20% APY 12-month, 3.10% APY 9-month and 3.00% 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 1/24/2009 Denver Post. The ad is available online here. When I checked with this bank last month, I was told Jumbo CDs are available with rates 10 basis points higher. Jumbo minimum deposit is $100K.
My last post on this bank in December shows how fast rates have fallen. These new rates are a full percentage point lower than last month. It may be hard to believe, but these new rates are very competitive in today's low-rate environment.
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 has some fair ratings for soundness: 3.5 stars (good) at BauerFinancial and 3 stars (performing) at Bankrate. Both ratings are based on 9/30/08 data. It has been FDIC insured since 1973 (FDIC Certificate # 21132).