Update 7/19/09: The 12-month CD rate has fallen to 2.35% APY. Please check the bank's website for the latest rates.
Gateway Commercial Bank has some competitive CD rates. These include a 2.50% APY 12-month CD, a 2.75% APY 24-month CD and a 3.00% APY 36-month CD. Minimum deposit is $1,000. The bank also has a competitive rate on its Charter Savings Account with a 1.75% APY on all balances. These rates are listed at the bank's rate sheet (pdf) as of the morning of 6/16/09.
It appears a branch visit is required to open an account. It's a one-office bank located in Mesa, Arizona.
The bank was recently established in December 2007. Consequently, it doesn't have a rating at BauerFinancial. Bankrate.com gives the bank 4 stars (sound) based on 12/31/08 financial data. The bank is a member FDIC (FDIC Certificate # 58678).
Other High Certificate of Deposit Rates