2.30% 17-Month CD at Bank of American Fork in Utah - Local Only

Bank of American Fork has two CD specials. The most competitive one is a 2.30% APY 17-month CD. The other one has 2.50% APY for a 35-month term. Minimum deposit is $5,000, and a checking account is required. These specials are listed in the bank's CD rates page as of 9/06/09. A branch visit is required to open a CD.

The bank offers a reward checking account with a 3.60% APY as of 9/06/09 for balances up to $25,000 if the typical reward checking requirements (see post). It has no monthly fee or minimum balance requirement.

Bank of American Fork also offers an online savings account called SaveSmart Direct with a 1.60% APY for balances of of $1K to $250K as of 9/06/09. Unlike the other accounts, this savings accounts is available nationwide. There's an online application which allows funding via ACH from you existing checking account (see post).

Branches are located in the Utah cities of Murray, Sandy, Draper, Riverton, Highland, Lehi, Saratoga Springs, Alpine, American Fork, Pleasant Grove, Orem and Spanish Fork.

Bank of American Fork has fair ratings for safety and soundness: 3 stars (adequate) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 3/31/09 financial data. The bank has been a FDIC member since 1934 (FDIC Certificate # 12773).

Other Competitive Certificate of Deposit Rates

• My weekly list of hot nationwide and local CD deals
• My weekly list of all nationwide CD deals
• Index of state CD and bank deals