AnchorBank continues to offer competitive rates on its CD specials. One is a 2.70% APY 13-month CD. Minimum deposit is $5,000. The other is a special 3.10% APY 2-year CD. Minimum deposit is $10,000. The rate is 3.00% APY for a $500 minimum. These rates are listed in the bank's CD rate table as of 5/03/09. 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.
There's also a good deal on a 7-month CD that the bank calls Seven Month Rising Rate CD. The interest rate is 2.30% APY for the 7-month period as of 5/03/09. At the end of the 7 months, you can opt out or automatically opt up to a guaranteed higher interest rate for the next six months. Currently that rate is 2.70%. So if you keep the CD for 13 months, the rate is 2.50% APY.
These rates are down since my March post on this bank, but the rates remain competitive.
Money Market Account with 2.10% APY through 10/01/09
There's also a money market account special with a 2.10% APY guaranteed to 10/01/2009 on balances of at least $25,000. For balances under $25,000 but over $10,000, the rate falls to 0.72%. The rate goes way down to 0.10% for balances under $10,000. Maximum deposit is $250,000.
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 and 1 star (lowest) at Bankrate.com. Both ratings are based on 12/31/08 financial data. The bank has been FDIC insured since 1938 (FDIC Certificate # 29979).
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.