Northstar Bank of Texas has some good deals on its CDs. The most competitive one is the 7-month CD which has a 1.50% APY. Other competitive ones include a 1.75% APY 18-month CD and a 2.25% APY 36-month CD. Minimum deposit is $1,000. These rates are listed in the bank's rates page as of 8/04/2010.
The bank continues to offer an attractive high-yield reward checking account called Velocity Checking that pays 3.45% on balances up to $50K as of 8/04/2010. I first reported on this account in March 2009 when the yield was 4.51%. It has the typical reward checking requirements including 10 debit card purchases a month. For more details please see my Velocity reward checking review.
It appears that a branch visit is required to open an account. Branches are located in the northern parts of the Dallas/Fort Worth metro area in the cities of Denton, Argyle, Colleyville, Corinth, Grapevine, Krum, Lake Dallas, Lewisville and Pilot Point.
The bank's ratings for safety and soundness are fair: 3 stars (adequate) at BauerFinancial, 3 stars (performing) at Bankrate.com and an overall health score of 3 out of 5 at DepositAccounts.com (see our Northstar Bank of Texas reviews page). These ratings are based on 3/31/10 financial data. The bank has been a FDIC member since 1973 (FDIC Certificate # 20935).