Argentine Federal Savings Ups 7-Month CD Special Rate

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Deal Summary: 7-month CD Special, 0.75% APY, $1k minimum, new money.

Availability: Market area is the greater Kansas City area.

Earlier this week, Argentine Federal Savings (AFS) raised the rate on its 7-month CD Special to 0.75% APY. The minimum opening deposit is $1k, with no stated balance cap. This short-term CD Special requires new money, which is defined as funds not currently on deposit in an AFS account.

The 7-month CD Special was added to the product line in 2017, earning an amazing 2.25% APY. That rate lasted about four months before eventually dropping to 0.30% APY in early 2018. Since the 7-month CD Special was unveiled, its rate history has consisted of six rate drops and four rate increases.

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

According to CSR, the Early Withdrawal Penalty is six months interest, with partial withdrawals allowed.

Availability

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

While the lobbies of both the Kansas City and Overland Park branches are currently closed to walk-in traffic, an appointment can be scheduled to open a CD Special. Appointments can be made by calling 913.831.2004 (Kansas City branch) or 913.402.1500 (Overland Park branch).

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 1.88% (excellent), based on December 31, 2020 data. In the past year, AFS has increased its total non-brokered deposits by $1.32 million, an above average annual growth rate of 2.86%. 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 281 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 currently shares the top spot with Veridian Credit Union’s 7-month CD Special APY.

The above information and rates are accurate as of 3/12/2021.

To look for the best CD rates, both nationwide and state-specific, please refer to our CD Rates Rable, page.

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

Comments
Argentine Federal Savings 14-Month CD APY Jumps
UPDATE 12/13/2018: Rate has dropped to 2.75% APY

Deal Summary: 14-month CD Special, 3.25% APY, $1k minimum, new money

Availability: Market area is the greater Kansas City area.

Since the beginning of the year, Argentine Federal Savings (AFS) has been offering limited-time competitive rates on its 14-month CD Special. As DA reader, TheseGoTo11, noted in a Forum post this weekend, AFS has upped the rate to 3.25% APY. The minimum deposit is $1k of new money, with no stated balance cap.

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

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...

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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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