Competitive 24-Month CD Rate Continues at American Bank of Commerce - TX & CO Only

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American Bank of Commerce continues to offer a 2-year CD yield of 2.32% APY. Minimum deposit is $1,000. The early withdrawal penalty is 90 days of interest. This CD rate isn't listed at the bank's website. I noticed my February post on this CD, and I decided to check with the bank on its status. I called the Colorado Springs branch yesterday, and according to the CSR, the rate is still good. Rate changes are usually made on Wednesdays, so it should be good for at least another week. The CSR also said that they give an extra 0.25% on CDs when you open a checking account. Some other notable CD rates that she mentioned include a 1.76% APY 18-month CD and a 2.52% APY 36-month CD.

A branch visit is required to open an account. These CD rates appear to be available at all of their branches, but this is not guaranteed. Branches are located in Texas cities of Austin, Lubbock, Mansfield, Plano and Wolfforth, and in the Colorado cities of Pueblo and Colorado Springs.

The bank's ratings for safety and soundness are a little mixed: 3½ stars (good) at BauerFinancial (based on 12/31/09 data) and 2 stars (below peer group) at Bankrate.com (based on 9/30/09 data). The bank has been a FDIC member since 1962 (FDIC Certificate # 18609).

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2.32% 24-Month CD at American Bank of Commerce in TX & CO - Local Only

American Bank of Commerce is offering a competitive 2-year CD yield of 2.32% APY. Minimum deposit is $1,000. This CD rate isn't listed at the bank's website. A reader emailed me news of this, and I just contacted the bank for additional details. The CSR didn't know how long this rate would last. It has been this rate since January. According to the CSR, this rate is available at all of their branches. The early withdrawal penalty is 90 days of interest.

A branch visit is required to open an account....

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5.00% 5-Month CD at a Texas Bank (American Bank of Commerce).
American Bank of Commerce is advertising a 5.00% APY 5-month certificate of deposit. The minimum deposit is $50,000, and the maximum is $500,000. New money is required. It doesn't seem to be listed at the bank's website. It was advertised in today's Dallas Morning News. The ad is available online here. The ad lists the bank's office at 4901 West Park Boulevard, Plano (469-229-4700).

Yesterday, I called one of the bank's Austin branches. The banking rep said that this is intended to be a special just for that Plano branch. However,...

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5.75% 7-Month CD at a Colorado Bank (ABC)
The American Bank of Commerce (ABC Bank) is offering a 5.75% APY 7-month certificate of deposit. The minimum deposit is $5K. This special CD is not listed at the bank's website. It was advertised in the Colorado Springs Gazette. The ad is available online here.

The bank has 12 Texas branches in Austin, Lubbock, Wolfforth and Plano. It also has two branches in Colorado Springs and Pueblo, Colorado. This special CD is not available at the Austin branches and may only be available at the Colorado Springs branch.

ABC Bank is FDIC...



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4.55% 6-Month CD Deal in Austin Texas
The American Bank of Commerce (ABC Bank) is offering a 4.55% APY 6-Month CD. The minimum deposit requirement is $10K and the maximum limit is $250K. It also requires opening either a checking, savings or money market account. There's a 30-day interest penalty for early withdrawals. This CD special is a 90-day special that'll last till February 14, 2006. It's only available to Austin residents and is not advertised on the bank's website. Call the bank's Austin number, 512-391-5500, for details.

The bank offers a free checking with only a $100...

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