Raymond Federal Bank continues to offer competitive CD specials. The latest ones include a 7-month and 30-month CD. The 7-month CD yields range from 2.79% APY for a $100 minimum deposit to 2.94% APY for a $50,000 minimum. The 30-month CD yields range from 3.10% APY for a $100 minimum deposit to 3.25% APY for a $50,000 minimum. CDs are also available in an IRA.
The bank also has an attractive rate on its Premier Plus Money Market account. The current rate is 3.05% APY. Minimum to open and earn this interest is $20,000. The rate falls to 1.01% for balances under $20,000.
These rates are listed in the bank's rate table as of 5/06/09.
The bank appears to require a branch visit to open accounts. Branches are located in the Washington State cities of Raymond, Long Beach and South Bend.
I last reported on this bank in early April when it was offering a 3.14% 16-month CD. I must have missed the money market account.
Raymond Federal Bank has strong ratings for safety and soundness: 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 1934 (FDIC Certificate # 28266).
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.