Update 8/16/09: The Pick Your Term CD rate has fallen to 1.50% APY. The 2-year CD rate has fallen to 2.40% APY. Please check the bank's website for the latest rates.
Update 8/01/09: The Pick Your Term CD rate has fallen to 2.25% APY. Please check the bank's website for the latest rates.
Update 7/11/09: The Pick Your Term CD rate has fallen to 2.50% APY.
CoreFirst Bank & Trust has a special Pick Your Term CD with a 2.65% APY. Terms range from 3 months to 12 months. Minimum deposit is $10,000. There's also a special 21-month CD with a 2.70% APY; however, the bank's standard 2-year CD is actually a much better deal with a 3.10% APY. Minimum deposit is $1,000. These rates are listed at the bank's CD rate table as of 5/13/09.
There's an online application, however, account selection appears limited to checking and money market accounts. They also say you can open an account by calling (1-800-280-0123) or visiting a branch. I've sent an email asking if they accept out-of-state CD applicants without a branch visit. Update: A reader has confirmed that a branch visit is required for all of their products.
Branches are located in the Kansas cities of Topeka, Emporia, Manhattan and Kansas City, and in Denver, Colorado.
The bank has respectable ratings for safety and soundness: 4 stars (excellent) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 12/31/08 financial data. The bank has been FDIC insured since 1959 (FDIC Certificate # 18100).
Other High Certificate of Deposit Rates
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