2.50% 21-Month CD at Banner Bank in WA, OR & ID - Local Only

Banner Bank is offering a 21-month CD special with a rate of 2.50% APY. Minimum deposit is $2,500. The rate is listed on the bank's promotions page as of 8/27/09.

There's an online application, however, the accounts only show up for selection if you enter a zip code that's in their market area. So it doesn't appear to be a nationwide deal. Branches are located throughout Washington State, Oregon and Idaho.

My last post on Banner Bank was in April when they had a 2.75% 15-month CD special.

Banner Bank's ratings for safety and soundness are weak: 2 stars (problematic) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both ratings are based on 3/31/09 financial data. The bank has been FDIC insured since 1934 (FDIC Certificate # 28489).

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Tags: Washington, Oregon, Idaho, CD rates, Banner Bank