Tuesday, March 23, 2010 - 7:53 PM

Franklin Synergy Bank's eCD Yield Increased to 1.95%

Franklin Synergy Bank (0 stars) - Details

It's nice to see a rate hike for a change. Franklin Synergy Bank's eCD yield is now 1.95% APY (was 1.90%). It's not a big increase, but it's a whole lot better than a rate cut. Unfortunately, ther term increased from 12 to 15 months. The CD is available nationwide. I have more details on this bank and its eCD in my December Franklin Synergy Bank review.

Edit: Added the term change

KenBDG5,143 posts since
Nov 29, 2009
Rep Points: 116,987

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This post applies to the following states: TN.

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1. Thursday, March 25, 2010 - 7:45 AM

This eCD is now offered at the 1.95% APY for 15 mo., not the 12 mo as indicated in this post.

Anonymous963 posts since
May 9, 2010
Rep Points: 1,953

2. Thursday, March 25, 2010 - 7:59 AM

Thanks. I had missed the term change. It's another example of how we need to be suspicious when we see a rate hike.

KenBDG5,143 posts since
Nov 29, 2009
Rep Points: 116,987