Dedicated to Deposits: Deals, Data, and Discussion

2.30% 12-Month CD & 2.10% Money Market at United Midwest Savings Bank in Ohio - Local Only

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United Midwest Savings Bank is offering three deposit deals as part of its Pick Any Two promotion. These include:
  • 2.30% APY 12-month CD
  • 2.10% APY money market account (rate guaranteed to 12/31/09)
  • 1.50% APY checking account (rate guaranteed to 12/31/09)
All of the above accounts have a minimum balance of $500. Only the CD rate is listed at the bank's rates page as of 9/10/09. The "Pick Any Two" promo is mentioned on this page but without any details. I called yesterday, and the CSR informed me of the above details. They would like for customers to open up at least 2 of the 3 accounts, but according to the CSR, this is not required. These promotions may end at anytime, but the CSR said that they were going to run another advertisement today (9/10/09) so these should last for at least another week.

A branch visit is required to open an account. Branches are located in the Ohio cities of DeGraff, West Manchester and Columbus. There's also an office in Falmouth, Kentucky under the name Pendleton Savings Bank which is a division of United Midwest.

The bank's financial ratings are a little weak: 3½ stars (good) at BauerFinancial and 1 star (lowest) at Bankrate.com. These ratings are based on 3/31/09 financial data. The bank has been a FDIC member since 1986 (FDIC Certificate # 32441).

Other Competitive Certificate of Deposit Rates
  Tags: money market accounts, United Midwest Savings Bank, CD rates, Ohio, checking account

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