Dedicated to Deposits: Deals, Data, and Discussion

2.58% 12-Month CD and Other High Rates at Collin Bank in Texas - Local Only

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Collin Bank
Collin Bank is offering very competitive CD and IRA rates. Some of the most competitive include a 2.27% APY 6-month CD, a 2.58% APY 12-month CD and a 2.73% APY 24-month CD. Minimum deposit is $1,000. Jumbo CDs have rates 10 basis points higher. These rates are listed in the bank's rate table as of 6/09/09.

The bank also offers a money market account with rates as high as 3.81% APY. However, this top rate requires a minimum balance of $2 million. This might be the highest rate tier that I've seen. Even for the lower tiers, the rates are still competitive: 2.32% APY for $50K to $250K and 2.02% APY for $10K to $50K.

It appears a branch visit is required to open an account. It's a small one-office bank located in Frisco, Texas which is about 30 miles north of Dallas.

The bank was just established in 2008, so neither BauerFinancial nor Bankrate.com has ratings for safety and soundness. The bank is a member FDIC (FDIC Certificate # 58610).

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.
  Tags: Collin Bank, money market accounts, CD rates, IRA rates, Texas

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