TriStar Bank is offering several competitive CD and IRA CD rates. The bank has three tiers for its CDs: $1K to under $50K, $50K to $95K and over $95K. Each tier has rates 0.10% higher than the lower tier. Below is a list of rates for the top tier CDs that require a minimum deposit over $95K. This is listed at the bank's deposit rates page as of the morning of 6/23/2010:
- 1.60% APY 12 months
- 1.85% APY 18 months
- 2.10% APY 2 years
- 2.85% APY 3 years
- 3.10% APY 4 years
- 3.35% APY 5 years
It appears that a branch visit is required to open an account. Branches are located in Dickson and Charlotte, Tennessee which are in the Nashville metro area. Before driving a long distance for a CD, it's advisable to call the bank and confirm rates and qualifications.
The bank's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial, 4 stars (sound) at Bankrate.com and an overall health score of 4 out of 5 at DepositAccounts.com (see our TriStar Bank rates and reviews page). These ratings are based on 3/31/10 data except for Bankrate which is based on 12/31/09 data. The bank has been a FDIC member since 2000 (FDIC Certificate # 35417).