Argentine Federal Savings (KS) Adds 7-Month CD Special

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Deal Summary: 7-month CD Special, 2.25% APY, $1k minimum, new money.

Availability: Market area is the greater Kansas City area.

Over the weekend, Argentine Federal Savings (AFS) added a 7-month CD Special that earns an impressive 2.25% APY. This short-term gem requires new money, with a $1k minimum opening deposit; there is no stated balance cap.

7 Month CDs opened with existing money from an account at
Argentine Federal Savings will earn the standard 7 Month CD rate.

I have to admit that when I first saw the 2.25% APY, I assumed it was an error, particularly since AFS's “non-Special” 7-month CD has a 0.25% APY. CSR laughed a bit when I asked about the rate: apparently I wasn’t the first to question it.

The CD Special is also available as an IRA (Traditional, Roth) earning the same APY, but only requiring a $250 minimum deposit..

According to CSR, the Early Withdrawal Penalty is six months interest.

Availability

Headquartered in Kansas City, Kansas, Argentine Federal Savings’ market area is the greater Kansas City area.

Opening a CD Special must be done at any of two Kansas branches, which are located in Kansas City and Overland Park.

Argentine Federal Savings’ online banking platform is currently devoted to account management and bill payment services.

Bank Overview

Argentine Federal Savings has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 3.50% (excellent), based on March 31, 2017 data. In the past year, AFS has increased its total non-brokered deposits by $1 million, an above average annual growth rate of 2.63%. Please refer to our financial overview of Argentine Federal Savings for more details.

Argentine Federal Savings was founded in 1906 as the Argentine Building and Loan Association. With initial assets of $460k, the Association began serving the community surrounding the Kansas City Smelting and Refining Company. (In case you were wondering, the Argentine name is derived from the Latin word for silver - argentum. The city of Argentine, which became a part of Kansas City in 1910, was known as the “silver refining capital of the world.”) On the eve of the Association's 50th anniversary, the name was changed to the Argentine Savings and Loan, with the Argentine Federal Savings rebrand happening in 1993.

How the CD Special Compares

When compared to the 278 similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available within the Bank’s market area, Argentine Federal Savings' 7-month CD Special APY clearly ranks first.

The above rates are accurate as of 8/29/2017.

To look for the best CD rates, both nationwide and in your state, please refer to our CD rates table, or our Rates Map page.

Related Pages: Kansas City CD rates, 1-year CD rates

Comments
???
???   |     |   Comment #1
Good to see a HomeTown bank offer killer rate for Their neghborhood
Hoody
Hoody   |     |   Comment #2
this is how Navy should have made their 3% 5mo CD, "no cap"

good deal for those in Kansas, I'd jump on this one :)
Bogie
Bogie   |     |   Comment #3
If I was eligible, I would jump on that one too, without hesitation.

Navy CU is a much, much larger CU and had to place a "cap" on theirs. Without it, they would have taken in more money than they could have possibly loaned out at an even higher interest rate.
Bozo
Bozo   |     |   Comment #4
Had to chuckle. Having grown up in Johnson County (KS), and being somewhat familiar with the Argentine District and Kansas City (KS) in general, might I suggest late-night ATM visits at the home office be avoided. Try the Overland Park branch.
Bozo
Bozo   |     |   Comment #5
Further to comment #4, that having been said, it comes as no shock that they would have an office in Overland Park. I haven't been back to Johnson County since December of 2013, when my Mom died, but I will say it was then (and probably is still) a boomlet of prosperity. Johnson County is suburbia on steroids. Olathe, the County seat, was once the home to a Naval Air Station, the County Courthouse, and little else. Now it's a full-fledged suburb of "Metro KC" and I-35 is clogged each morning. Little wonder there is loan demand for a weirdly-named local bank. We locals could never figure out if it was a hard or soft "g", just a bit of trivia.
CD Special Search
CD Special Search   |     |   Comment #6
The 7 month CD rate special ended on September 12th, 2017