Dedicated to Deposits: Deals, Data, and Discussion

2.10% 15-Month CD at Bank of Fayetteville in AR

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The Bank of Fayetteville

Update 4/17/10: I recently checked with the bank, and according to the CSR, this CD is now only available to local residents.

Bank of Fayetteville is offering a special 15-month CD with a 2.10% APY. Minimum deposit is $500. This rate is listed at the bank's rates page as of 12/22/09. The CD also has a step-up option.

According to the bank's service rep, you can open a CD online. The "Open an Account" link is on the left sidebar of the rates page under the "Quick Links" tab. I was told once you submit the application, a new-account rep will contact you.

The bank also offers a nationwide reward checking account that currently pays 3.20% APY for balances of up to $50K. It had recently been 3.50% APY, and when I first reported on this account in February 2008, it had a 5.01% APY (see my account review).

The bank has 9 offices in Fayetteville, Farmington, Prairie Grove and West Fork, Arkansas.

The bank's ratings for safety and soundness are a little weak: 2 stars (below peer group) at Bankrate.com (based on 6/30/09 data) and 3 stars (adequate) at BauerFinancial (based on 9/30/09 data). It has been a FDIC member since (FDIC Certificate # 26975).

Other Competitive Certificate of Deposit Rates


Related Pages: The Bank of Fayetteville, CD rates, Arkansas

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