MidCoast Community Bank is once again offering a top rate on its short-term CDs. The rate is 1.45% APY for terms from 6 to 12 months. Most of the longer-term CD rates are not quite as competitive. However, the CDs with terms over 3 years are pretty good. There's a 1.80% APY 42-month CD and a 2.25% APY 5-year CD. Minimum deposit is $500. These rates are listed in the bank's rates page as of 10/25/2011.
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 5 stars (out of 5) with a Texas Ratio of 5.09% (excellent) based on June 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 short-term CD deal is at Ally Bank which offers an 11-month No-Penalty CD with a 1.01% APY. Since this is a no-penalty CD, it can be compared to any CD maturity from 7 days to 11 months.
The best nationally available 5-year CD rate at a bank is 2.20% APY at First Internet Bank. Higher rates are available at credit unions. The best nationally available 5-year CD rate at a credit union is 2.68% APY at Melrose Credit Union.
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.