Mountain View Bank of Commerce is offering several deposit account deals. The first is a savings account with a 1.52% APY for balances of at least $1,000. The rate falls to 0.60% for smaller balances. The Health Savings Account is also a good deal with a 2.43% APY on balances of at least $10,000. For balances from $3,000 to $10,000 the yield is 1.92%. These rates are listed in the savings account tab of the bank's rate page as of 8/29/2010.
The bank's Shareholder Premium Money Market Deposit Account is a tiered-rate account with very competitive rates. The yields range from 1.71% APY for balances under $20,000 to 1.89% APY for balances over $50,000. It actually goes up to 2.09% APY but this requires a $500,000 balance. These rates are listed in the checking account tab of the bank's rate page as of 8/29/2010.
The bank also has some good deals on CD rates. There's a special 13-month CD with a 1.75% APY. Minimum deposit is $500. The best standard CD is the 24-month CD with a 2.25% APY. Minimum deposit is $1,000. These rates are listed in the CD tab of the bank's rate page as of 8/29/2010.
It appears that a branch visit is required to open accounts. It's a small, newly established bank located in Westminster, Colorado which is in the northern suburbs of Denver.
The bank's health score is 5 out of 5 at DepositAccounts.com based on 3/31/10 data (see our financial overview of Mountain View Bank of Commerce). The bank has been a FDIC member since 2008 (FDIC Certificate # 58772).