Stillwater National Bank is advertising a competitive CD rate of 1.50% APY for a 7-month term. Minimum deposit is $5,000. This special doesn't seem to be listed at the bank's website. It was advertised in Sunday's (4/11/2010) Oklahoma City newspaper. The ad is available online here.
In February the bank was offering 2% on an 18-month CD special, and in December it was a 2% 11-month CD.
It appears a branch visit is required. The ad lists branches in Oklahoma City and Edmond. The bank has many other branches in Kansas and Texas, but these special CDs may be specific to the Oklahoma branches.
The bank's ratings for safety and soundness continue to be fair: 3 stars (performing) at Bankrate.com (based on 9/30/09 data) and 3 stars (adequate) at BauerFinancial (based on 12/31/09 data). The bank has been a FDIC member since 1934 (FDIC Certificate # 4201).
Searching for the Best CD Rates
A 1.50% APY may seem low, but it's very competitive in today's low-rate environment. As a comparison, the best 6-month CD rate currently listed at Bankrate is 1.29% APY. You can find higher rates in the CD rates section of DepositAccounts.com. The tables now have a new & improved format!