1.50% 12-Month CD In Scottsdale, Arizona

Pinnacle Bank is offering a 1.50% APY 12-month CD as of 6/28/2010.

The 1.50% APY 12-month CD wasn't good enough for a blog post, but I thought I would at least post on it in the forum. I'm afraid 1.50% is competitive these days for a 1-year term especially for those in the Phoenix metro area.

Click on the details link, and then click on the rate sheet PDF to see the latest rates.

the CD is also available in an IRA, and the bank states the following in the IRA rate sheet: "penalty for early withdrawal, unless 59 1/2 years of age"