Farmers State Bank in Indiana is offering a 25-Month CD at 1.81% APY. They told me on the phone it is nationally available. It requires that you also have a checking account "relationship." They told me on the phone that you must set up either direct deposit or automatic payment with that checking account in order to have the "relationship." I see at their Website that they do offer a free checking account with no fees, no minimum, and free bill pay, which I guess could cover the "relationship."
This is available for new money only. $1,000 minimum.
Documents required for opening include a notarized copy of your driver's license. They told me the account can be opened by mail. You might want to ask if it also can be opened by fax and ACH.
The early withdrawal penalty is 6 months of interest.
You can see their CD rates, including this 25-month CD, at:
DEPOSIT RATES You can dial them toll free at (888) 480-2408.
