Dedicated to Deposits: Deals, Data, and Discussion

3.00% 13-Month CD & 3.40% 24-Month CD at AnchorBank - Wisconsin Only

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AnchorBank
AnchorBank is offering two competitive CD specials. One is a 3.00% APY 13-month CD. Minimum deposit is $5,000. The other is a special 3.40% APY 2-year CD. Minimum deposit is $10,000. The rate is 3.30% APY for a $500 minimum. These rates are listed in the bank's CD rate table as of 3/22/09. Note, it requires you to enter a Wisconsin zip code. I'm not sure if rates vary by zip code.

The 2-year CD is called the Collector's Addition CD. It allows deposits of $100 or more anytime prior to maturity. However, the disclosure states that the interest rate may vary if you use the option of depositing into the account. Also, they reserve the right to refuse deposits.

The bank is also offering a $50 checking account bonus (see post).

A branch visit appears to be required to open an account. Branches are located throughout Wisconsin including the cities of Green Bay, Madison and Milwaukee.

AnchorBank's ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial (based on 12/31/08 data) and 2 stars (below peer group) at Bankrate.com (based on 9/30/08 data). The bank has been FDIC insured since 1938 (FDIC Certificate # 29979).
  Tags: Wisconsin, CD rates, AnchorBank

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