Argentine Fed Savings (KS) 14-Month CD Special (2.65% APY) Returns

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UPDATE 6/7/2018 - Available again. Previous offering lasted only a few days after the April 24, 2018 blog post.

Deal Summary: 14-month CD Special, 2.65% APY, $1k minimum, new money

Availability: Market area is the greater Kansas City metropolitan area.

Argentine Federal Savings unveiled its 14-month CD Special (2.00% APY) on New Year’s Eve. That initial rate lasted almost three months before it fell to 0.70% APY. In two rate increases in the past four days, AFS added a total of 195 bps, giving the 14-month CD Special an impressive 2.65% APY. The minimum deposit is $1k of new money, with no stated balance cap.

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

CSR stated that the Early Withdrawal Penalty is six months interest.

Availability

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

Opening a CD Special must be done at any of the 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 "A" at DepositAccounts.com, with a Texas Ratio of 3.75% (excellent), based on December 30, 2017 data. In the past year, the Bank has increased its total non-brokered deposits by $1.67 million, an excellent annual growth rate of 4.33%. Please refer to our financial overview of Argentine Federal Savings (FDIC Certificate #28507) 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 308 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' 14-month CD Special APY currently ranks first.

The above rates are accurate as of 4/24/2018.

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

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

Comments
Drt
Drt   |     |   Comment #1
Must apply in person
RichReg
RichReg   |     |   Comment #2
...and you must reside in the State of Kansas.
Well hey, I occasionally 'visit' Dorothy from the Wizard of Oz so, ...I think we can make it work.
Intent
Intent   |     |   Comment #3
I don't think that you must reside in the state of Kansas but you do have to open it at one of their two local branches.
alan1
alan1   |     |   Comment #4
The institution's website contains language suggesting that there are geographical limitations.
"Argentine Federal Savings, Member FDIC, is a true community savings and loan that exists solely to serve our neighbors in the greater Kansas City area."
https://www.argentinefed.com/about-us
BKA
BKA   |     |   Comment #5
The special has ended
Robb
Robb   |     |   Comment #6
Good deal if you could get in. Next....
Argentine Federal Savings (KS) Adds 14-Month CD Special
Deal Summary: 14-month CD Special, 2.00% APY, $1k minimum, new money

Availability: Market area is the greater Kansas City area.

On New Year’s Eve, Argentine Federal Savings (AFS) began promoting a 14-month CD Special earning 2.00% APY. The minimum deposit is $1k of new money, with no stated balance cap.

14-Month CDs opened with existing money from an account at
Argentine Federal Savings will earn the standard 14-Month CD rate.

FYI - AFS's standard 14-month CD currently earns 0.60% APY.

The CD Special is also available as...


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


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