Washington Federal Bank for Savings is offering a special 2.65% APY 13-month CD. This requires that you also open their savings account with a $250 minimum deposit. The current savings account rate is 1% APY. Without the savings account, the CD rate falls to 2.40% APY. Minimum CD deposit is $1,000. This promotion doesn't seem to be listed at the bank's website. A reader commented on this, and I just called to confirm that it's still available as of the morning of 5/28/09. The CSR didn't know how much longer it would last.
The offer is only for local residents. The bank has two branches in Chicago, Illinois.
The bank's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 12/31/08 financial data. The bank has been FDIC insured since 1961 (FDIC Certificate # 30570).