Peoples Bank is offering two CD specials at some of its branches in Washington State: a 2.00% APY 19-month CD and a 1.60% APY 15-month CD. Minimum deposit is $500. These rates are listed at the bank's rates page as of the morning of 5/12/2010.
It appears that a branch visit is required to open an account. Note, on the rates page, you have to select the Washington County where you reside, and not all counties list the 2% CD. The 2% CD is listed for King County, Snohomish County and Chelan/Douglas County.
The bank's ratings for safety and soundness are a little above average: 4 stars (excellent) at BauerFinancial, 3 stars (performing) at Bankrate.com and an overall health score of 3 out of 5 at DepositAccounts.com (see our Peoples Bank rates and reviews page). The bank has been a FDIC member since 1934 (FDIC Certificate # 6158).
Thanks to the reader who emailed me news of this special.
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