Franklin Security Bank is offering two good deposit deals. The first is a no-penalty 7-month CD with a 1.70% APY. Minimum deposit is $25,000. The CD allows a one-time penalty-free withdrawal any time after the first 7 days after the account has been opened. The other deal is a 1.60% APY savings account. Minimum deposit is $10,000. If the balance falls below $10K, the rate drops to 0.75% and you'll be hit with a monthly service charge. These rates are listed at the bank's front page in a rotating main ad as of 5/03/2010. Details are listed in the small print on the bottom of the page.
The small print of these offers state that they're available to walk-in customers only. It's a small bank with one branch in Plains, PA.
The bank's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 12/31/09 data. The bank has been a FDIC member since 1999 (FDIC Certificate # 35113).
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com. The tables now have a new & improved format!