The Bank of Union is advertising a special 13-month CD with a 1.55% APY. Minimum deposit is $1,000. This special doesn't appear to be listed on the bank's website. It was advertised in the 12/4/2010 edition of the Oklahoman newspaper. The ad is available online here.
As a comparison to internet banks on 12/5/2010, the best 1-year CD rate is 1.50% APY at CNB Bank Direct.
It appears that a branch visit is required to open an account. The Bank of Union branches are located in Union City and El Reno which are suburbs of Oklahoma City.
The bank has an overall health score at DepositAccounts.com of 3 out of 5 with a Texas Ratio of 15.67% (excellent) based on September 2010 data. Please refer to our financial overview of The Bank of Union for more details. The bank has been a FDIC member since 1959 (FDIC Certificate # 17967).
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