Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
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 April 20, 2014

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

POSTED ON BY

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 DepositAccounts.com 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.

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.

  Tags: Quaint Oak Bank, CD rates, Pennsylvania

Related Posts

Comments
3 comments.


Comment #3 by Ameet (anonymous) posted on
Ameet
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 The penalty will be an amount equal to 730 days of interest on the amount withdrawn plus any accrued interest.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."

2