US Bank, N.A. has some special 19-month CD rates that are higher at certain branches than what's listed on the bank's website. The best that I've found is in Southern California which has a 1.50% APY. This was advertised in the Sunday (3/20/11) Riverside Press-Enterprise newspaper. The online ad is available here. I called this morning (3/22/11) and confirmed it's still available. The online 19-month CD rate is only 1.15% APY. I was told branches in some other states like Oregon have this lower online rate. So if you're interested in this 19-month CD special, be sure to call US Bank to see if the higher rate is available in your area. Please leave a comment if you check.
The online ad specifies a minimum deposit of $500, and a maximum deposit of $250,000. The offer also applies to business CDs and IRA CDs.
Other US Bank CD Rates
US Bank continues to have a decent deal for two long-term CD specials. These are listed online and are available nationwide. The 59-month CD special has a 2.50% APY and the 37-month CD special has a 1.75% APY. These are listed on US Bank's CD rates page as of 3/22/2011. One important downside with US Bank's CDs is a harsh early withdrawal penalty. I have more details on this in my US Bank CD review.
US Bank START Savings Program
US Bank also a pretty good deal on a savings account program called S.T.A.R.T. Like the savings programs at Bank of America (Keep the Change), it's not going to make you a lot of money, but you can easily earn $100 in one year without much work or money (my US Bank START review).
US Bank Overview
US Bank has branches in many states. It has most of its branches in the states of Arizona, California, Colorado, Illinois, Iowa, Kentucky, Minnesota, Missouri, Nevada, Ohio, Oregon, Washington and Wisconsin.
US Bank is one of the nation's largest regional banks with $302 billion in assets. The bank has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 14.52% (above average) based on December 2010 data. Please refer to our financial overview of US Bank for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 6548).
How It Compares
This 19-month CD rate is close to the best 18-month CD rates that are nationally available. The best 18-month CD rate is 1.55% APY at Alliant Credit Union with a $25K minimum deposit. The best 18-month CD at a bank is 1.50% APY at CNB Bank Direct. This also has a $25K minimum deposit. These rates are accurate as of 3/22/2011.
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.