Accounts mentioned in this post. Rates as of May 27, 2012.

Higher Short-Term CD Rates at MidCoast Community Bank in Delaware - Local Only

Jun 7, 2011 - 11:41 AM by Ken Tumin

MidCoast Community Bank

Update 6/23/11: The CD rates have fallen.

MidCoast Community Bank has just made a nice bump-up in its short-term CD rates. The CDs with terms of 6 to 9 months now have a 1.35% APY. Minimum deposit is $500. These rates are listed in the bank's rates page as of 6/7/2011.

It appears that a branch visit is required to open an account. MidCoasat Community Bank branches are located in Dover and Wilmington, Delaware.

Midcoast Community Bank has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 5.96% (excellent) based on March 2011 data. Please refer to our financial overview of MidCoast Community Bank for more details. The bank has been a FDIC member since 2007 (FDIC Certificate # 58498).

How These Compare

It's hard to find short-term CD rates above one percent these days. The best nationally available 6-month CD rate is 1.12% APY at AloStar Bank. The best nationwide short-term CD deal is at Ally Bank which offers a 1.14% APY 11-month no-penalty CD.

Searching for Top CD Rates

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.


Banks Mentioned in this Post:

MidCoast Community Bank
Locations: 2   Health Rating:
 
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In order of date posted. - Sort by votes
Anonymous

Anonymous - #1, Thursday, June 23, 2011 - 9:46 AM

MidCoast's "pick your term" CD at 1.35% was a welcomed rate in this low interest environment, but when I called about it today I was disappointed to learn told it ended Monday, 6/20/11.  I guess they feel the small print disclaimer at the bottom of the ad is sufficient notice, but I think they should clearly and boldly state when it ends.


1
KenBDG

KenBDG - #2, Thursday, June 23, 2011 - 3:42 PM

Thanks for the update. Sorry to see the rate cuts.


1

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