Citizens Bank has a 7-month CD special with an APY of 3.05%. Minimum deposit is $2,500, and new money is required. This special is listed in the bank's rate table as of 2/24/09.
It appears a branch visit is required to open an account. Branches are located in Nashville and Memphis, Tennessee.
The bank has some decent ratings for safety and soundness: 3.5 stars (good) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 9/30/08 financial data. The bank has been FDIC insured since 1934 (FDIC Certificate # 10319).