Libertad Bank continues to offer a good CD deal. It's not as good as the special it was offering earlier this year, but it's still a very competitive deal. The new special is an 18-month CD with a 1.25% APY. Minimum deposit is $1,000, and the maximum deposit is $90,000. This rate and more details are listed at the bank's CD page as of 10/23/2012.
There's an online application link located on the bank's CD page. A branch visit is not required. However, I was told only Texas residents are eligible to open these accounts. Prior to opening the account a bank representative would need to obtain a copy of a photo ID with the current address listed on the ID for each signer on the account.
A few readers might remember Libertad Bank for its reward checking account, the Amazing Checking. Back in 2008 the bank was offering a top reward checking account that was available nationwide. It didn't last long. As I reported in 2009, the bank was forced to slash rates by the FDIC.
Libertad Bank is a small bank with one office located in Austin, Texas. It has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas ratio of 3.78% based on June 2012 data. Please refer to our financial overview of Libertad Bank for more details. The bank has been a FDIC member since 2006 (FDIC Certificate # 58082).
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