Dedicated to Deposits: Deals, Data, and Discussion

2.55% 18-Month CD & Other High CD Rates at HomeStreet Bank in WA & OR - Local Only


HomeStreet Bank
HomeStreet Bank is again offering a few good CD and IRA deals. The most competitive as listed at the bank's CD page as of 7/15/09 include:
  • 2.35% APY 12-month CD
  • 2.55% APY 18-month Featured CD
  • 2.85% APY 24-month CD
  • 3.55% APY 60-month CD
Minimum deposit is $10,000. CDs with lower minimums and rates are also available. Note, you have to enter your zip code to see the rates. I used a Seattle and Portland zip code. For Hawaii zip codes, the rates are lower.

The bank continues to offer a checking account promotion in which you can earn up to $215 (see post). This is scheduled to end in September.

It appears a branch visit is required to open an account. Branches are located in Washington State, Oregon and Hawaii.

HomeStreet Bank's ratings for safety and soundness have fallen. At BauerFinancial the rating fell from 3½ stars based on 12/31/08 data to 2 stars (problematic) based on 3/31/09 data. At the rating fell from 3 stars to 1 star (lowest) based on data from the same dates as above. As I recommend with any bank, it's best to stay below the FDIC limits. The bank has been a FDIC member since 1986 (FDIC Certificate # 32489).

Finding the Best Certificate of Deposit Rates

  Tags: Washington, Oregon, HomeStreet Bank, Hawaii, CD rates, IRA rates

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Comment #1 by Anonymous posted on
banking guy, Salem five direct which had a great online reward checking acct and used to pay 2-4% has now changed the account to .65%interest and is trying to get customers to put other funds into a low rate savings account. I am actively seeking a new reward checking account as i had a balance in Salem of 50K. This is the new way to bank, according to Salem. Ifound out yesterday when I signed on to my account. The email they sent makes it sound like the best deal ever.(the power of advertising)