2.89% 18-Month CD at Blue Ridge Savings Bank in NC & SC - Local Only

POSTED ON BY

Blue Ridge Savings Bank is offering a few very competitive CD rates. The best ones include a 2.89% APY 18-month CD and a 2.28% APY 13-month CD. Minimum deposit is $1,000. The 18-month CD is also available in an IRA. These rates are listed in the bank's rates page as of 10/22/09.

When I contacted the bank last year, I was told that a branch visit is required to open accounts. Branches are located in several North Carolina cities including Asheville, Charlotte, Boone and Brevard and in the South Carolina city of Greer.

The bank's ratings for safety and soundness are weak: 0 star (lowest) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both ratings are based on 6/30/09 financial data. Another indication of problems is a Cease and Desist Order issued by the FDIC to this bank on November 2008 (link to the FDIC order). The bank has been a FDIC member since 1985 (Certificate # 32347).

Thanks to the reader who emailed me news of these rates.

Other Competitive Certificate of Deposit Rates
Comments
2.79% 6-Month CD at Blue Ridge Savings Bank in North Carolina
Update 4/18/09: The 6-month CD rate has fallen. Please check the bank's website for the latest rates.

Blue Ridge Savings Bank is offering a 2.79% APY 6-month CD. Minimum deposit is $1,000. This is listed in the bank's rate table as of 4/14/09.

When I contacted the bank last year, I was told that a branch visit is required to open accounts. Branches are located in several North Carolina cities including Asheville, Charlotte, Boone and Brevard and in the South Carolina city of Greer.

The bank has a 1-star rating (troubled) at BauerFinancial...





Continue Reading
5.05% 12-Month CD at a North Carolina Bank (Blue Ridge Savings).
Update 2/9/08: The 12-month CD rate has fallen. Please check the bank's website for the latest rates.

Blue Ridge Savings Bank is offering a 5.05% APY 12-month certificate of deposit. The minimum deposit is $1,000. Since the rate table didn't have a date, I called the bank. I was told this rate is still available. The CSR didn't know when this might change. A branch visit is required to open accounts.

Branches are located in the North Carolina cities of Asheville, West Asheville, Boone, Maggie Valley, Fletcher, Stanley, Brevard, Hendersonville and...



Continue Reading
5.65% 30-Month / 5.50% 13-Month CD at a Carolina Bank (Blue Ridge Savings)
Blue Ridge Savings Bank has several high yield certificates listed in there rate table. The highest yield is 5.65% APY for a 30 and 36 month CD. The APY's for the 13, 18 and 24 month CDs are 5.50%, 5.54% and 5.59%. All have a minimum deposit of $1,000.

It appears that you must visit a branch to apply. Branches are located in several cities in western North Carolina including Asheville, Hendersonville and Stanley which is just northwest of Charlotte. There's also a branch in Greer, South Carolina. The bank has...

Continue Reading