Dedicated to Deposits: Deals, Data, and Discussion

3.10% 10-Month CD at Pacific Crest Savings Bank in Washington State - Local Only

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Pacific Crest Savings Bank
Update 5/09/09: The 10-month CD special has ended. Please check the bank's website for the latest rates and specials.

Pacific Crest Savings Bank is listing a 10-month CD special with a 3.10% APY. Minimum deposit is $2,000. It requires a checking account with direct deposit from payroll or Social Security. The special is listed at this promotion page as of 4/09/09. The link to this promotion page is located at the bottom right of the bank's home page. The promotion page lists the available checking accounts. There's a free checking account with no minimum balance requirements or monthly fees. The minimum opening balance is $500. The bank also is offering a promotional 5-year CD with a 3.50% APY for balances balances between $2K and $100K. This special doesn't appear to require a checking account or direct deposit. The rate is listed at this promotion page as of 4/09/09.

The bank also has a competitive money market account. It's a tiered rate account, and as of 4/09/09, the rates are 2.25% APY for $50K+, 2.05% for $25K+ and 2.00% APY for $2K+. This is also available as a business account. A $2K minimum balance is required to avoid a $15 monthly service fee. Limited check writing is avaialble with a free first order of checks.

It appears a branch visit is required to open an account. It's a small one-office bank located in Lynnwood, Washington.

The bank has strong ratings for safety and soundness: 4 stars (excellent) at BauerFinancial (based on 12/31/08 data) and 4 stars (sound) at Bankrate.com (based on 9/30/08 data). The bank has been FDIC insured since 1998 (FDIC Certificate # 34585).

Thanks to the reader who commented on this special in the my daily news & deals post.

Other High Certificate of Deposit Rates

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.

  Tags: money market accounts, Washington, Pacific Crest Savings Bank, CD rates

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