Dedicated to Deposits: Deals, Data, and Discussion

CD and Money Market Specials at Legacy Bank in Milwaukee - Local Only

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Legacy Bank is offering two competitive CD specials. The best one is a 2.90% APY 25-month CD. The other one is a 1.90% APY 13-month CD. Minimum deposit is $2,500, and the maximum is $95,000. The money market special has 1.75% APY for balances of $10,000 guaranteed for the first 90 days. These specials and rates are listed on the bank's home page as of 2/02/2010.

There's an online application, but in the middle of the first application page it states that you may be required to physically come into the bank to open any deposit accounts.

It's a small one-office bank located in Milwaukee, Wisconsin.

The bank's ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The bank has been a FDIC member since 1999 (FDIC Certificate # 34818).

  Tags: Legacy Bank, CD rates, money market accounts, Wisconsin

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