Dedicated to Deposits: Deals, Data, and Discussion
Quaint Oak Bank2.00%$500-60 Month CD
Quaint Oak Bank2.00%$500-60 Month IRA
Quaint Oak Bank1.70%$500-48 Month CD
Quaint Oak Bank1.70%$500-48 Month IRA
Quaint Oak Bank1.50%$500-36 Month CD
Quaint Oak Bank1.50%$500-36 Month IRA
Accounts mentioned in this post. Rates as of August 27, 2014

Competitive Long-Term CD Rates at Quaint Oak Bank in PA - Available Nationwide


Quaint Oak Bank

Quaint Oak Bank has three competitive rates on its CDs and IRA CDs: 2.75% APY for 5 years, 2.30% APY for 4 years and 2.00% APY for 3 years. Its shorter term CDs are not quite as competitive. Minimum deposit is $500. These rates are listed at the bank's rates page as of 6/16/2011.

This is a small bank with two branches in Pennsylvania. However, I was told yesterday by the branch manager that they do accept out-of-state CD applications by mail. The CD application form is available in the bank's forms page. I was told this should be mailed along with your check and a copy of your driver's license. As has been common at small banks, these policies can often change. I noticed in their news section, they have recently expanded their mortgage and real estate business so that may explain why they're looking for deposits.

I wasn't able to get other CD details such as the early withdrawal penalties. If you receive additional details, please leave a comment.

The bank has an overall health score at of 4 stars (out of 5) with a Texas Ratio of 26.04% (average) based on March 2011 data. Please refer to our financial overview of Quaint Oak Bank for more details. The bank has been a FDIC member since 2000 (FDIC Certificate # 35497). It's interesting to note that the bank was established in 1926 even though it didn't become a FDIC member until 2000.

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  Tags: Quaint Oak Bank, CD rates, Pennsylvania

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Comment #3 by Ameet (anonymous) posted on
FYI, I contacted Quaint about the terms, and the early withdrawal penalty is very steep:

"If we consent to a request for a withdrawal that is otherwise not permitted you may have to pay a penalty. The penalty will be an amount equal to 730 days of interest on the amount withdrawn plus any accrued interest. If we consent to a withdrawal the entire principal balance must be withdrawn."