According to the service rep, this rate is only available to those in Colorado. Branches are located in Wal-Mart Supercenters in several areas of the state including Denver, Aurora, Avon, Colorado Springs and Fort Collins. Even though the bank's location page lists several other states, rates at those locations are under the Armed Forces Bank. The 9-month CD for this bank is only 5.20%.
Academy Bank has been FDIC insured since 1966.